Reply to How Much of an Inheritance is Too Much for Kids

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am figuring out some aspects of my estate and retirement planning, and I'm curious how much people think is appropriate to leave as an inheritance for your kids. Is there an amount of inheritance that would level that would be too much for each kid? I plan to max out Roth IRA contributions until retirement and not touch this money to leave it as an inheritance for my kids. This means our Roth IRAs will likely have a total inflation-adjusted value of around 3-6 million when I turn 80.

Here's a summary of my projected retirement situation for context. 
4,000 monthly pretax pension 
2,000 monthly social security (assuming SSI benefits are cut substantially due to current funding issues. The actual amount will likely be around 4k between me and my spouse assuming a 20% cut in benefits)
$5,000 monthly pretax from 401ks (assuming a 4% withdrawal rate and worst historical returns from Cfiresims calculator)
Brokerage account 
$2500 a month from our brokerage account (minimum estimate, will likely be more but inflation-adjusted value of brokerage account will certainly exceed 1M in retirement)
A few rental properties (combined value of around 1.4M. I am unsure about the amount of after-tax income so I'm ignoring them for retirement purposes)

Primary residence is worth around 850k, and the mortgage will be paid off before retirement.

In conclusion, if things go very badly, my kids will split an inheritance of at least 8M. However, if market returns are closer to historical norms (25th-50th percentile returns), they will inherit 15M+. [b]I am only going to have 2 or 3 kids[/b], so I am somewhat hesitant about whether this is an appropriate amount to leave my kids or if it is too much.
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Then why are you even asking the question, OP?

If you're young enough that you don't have kids, you have no idea what lies in store for your life. Maybe you won't have that money to leave to your kids. Maybe you won't have kids.

You're ridiculous.[/quote]

I definitely will have this much money and [b]I will 100% have kids[/b], so this is not a question. First kid will be born within 1-2 years year or so. I did not include my inheritance in this calc either. I'm not planning on it and I would prefer that my family members spend it on themselves instead, but 99% chance it happens unless there is WW3 or something.  If I get very unlucky and I don't have any kids my sister has some already, so the question is still relevant. [/quote]

Really? Are you with their designated parent already, and you've decided to try in the near future? How old is the mother? Are you sure you won't run into fertility issues? Women older than 35 often have issues. IVF is not a 100% sure bet, far from it.

The certainty with which you write about your future family is just so naive, OP. 
You have a lot to learn on that front.

Also, your question is stupid. If your kids aren't even born yet, and they are set to inherit the paltry sums you speak of, it really won't change their lives enormously. By that time, the millions you will leave won't be worth all that much.

Time to grow up instead of fantasizing.

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