Reply to S/O of dual income HHI thread - what's your net worth compared to your income?

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Reply to "S/O of dual income HHI thread - what's your net worth compared to your income?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]plus you really have to take into account how much you expect to inherit, and when.[/quote]

ROFLMAO, how in the world can you judge if your parents will die at 80 or 100? And beware the second spouse, who can take all that planned inheritance money away from the kids.  Happened to me.[/quote]

Yup.  Every time my father accumulated many $ he "invested" in super high return investments.  He never figured out that promised sky high return = sky high risk.  My mother collected a million dollars insurance when he died.  She hid it from me and brother as other brother spent it all on oxycontin.  Boy, is that stuff expensive!  Didn't know till too late - all gone.

Elderly parents marry and hand $ over to new spouse.  They can get scammed in other ways too in the time when they're losing it but not enough to secure guardianship.  The market crashes.  They invest in Madoff. Etc Etc

Okay, I feel better.  Thank you for listening to my rant.

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