Reply to Spouse inherited $3 million

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Reply to "Spouse inherited $3 million"

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[quote=Anonymous][quote=Anonymous]OP I think you should talk to an advisor. You're talking a lot about "savings goals" but I get the feeling you mean that more in the sense of what percentage of your income you save, not how much money you have saved. I think you need to ask yourselves what you're saving for and why. Then you can actually get to a concrete number, which you've probably already met, and then think about how you want to spend the excess.

I personally also got an inheritance, not this big but over $1m, in my mid twenties. It allowed me to buy a house and go to grad school, decisions which altered my life. As a result, my goal is to give my kids each the same benefit, so I've put the rest of it into a trust for them. With luck, the market will help it grow back up to a solid inheritance for both of them, and they will also have the same opportunities in their 20s that I did. I felt uncomfortable with my grandparents' wealth ending with me. [/quote]

I love this suggestion. [/quote]

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