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Reply to "Financial planning when you know you'll be inheriting a trust"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If op considers the $1m "front loaded" forced retirement savings, assuming it is wisely invested the it sure as hll should be plenty of retirement savings until op is in a position to contribute on her own. Op is only 30 and doesn't need to come up with college savings either! And to the above poster who will inherit $6m in trust monies, I also can't imagine why you need to contribute a penny extra to your retirement. Esp since you also have college paid for by grandparents. [/quote] [b]Mine is hovering between 10 and 12 million. I don't worry about retirement savings, but of course my husband has to should we divorce. We don't save anything for their colleges as they will be paid for.[/b][/quote] Where is your trust money sitting in? Stocks, Real Estate, Bonds? There is no guarantee the value will not drop when you are given the trust. Still, I bet you will spend down your trust in no time. Money is tricky. If you are respectful of yourself and people around you, you will have money. I hope for your DH's sake, that he keeps his money separate. [/quote]
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