Reply to Financial planning when you know you'll be inheriting a trust

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[quote=Anonymous][quote=Anonymous][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]

Nope, he's the sole provider. It's an irrevocable trust- it's already mine. As to how it's invested, well, it would take a lot of time to explain and you seem nasty anyway. I'm 41 and have yet to touch it, but of course, you're right. My 10-12 million could disappear. So could whatever savings you have.  [/quote]

People on this board are always snotty and insecure about inherited wealth.  Op, it is pretty obvious who those posters are, just ignore them.  It would be foolish to plan your finances ignoring the trust, you would be best served by knowing info about the trust so you can plan around it,[/quote]

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