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[quote=Anonymous][quote=Anonymous]For folks with aging parent(s) - over 80 years old.  how do you think about inheritance?

Does anyone consider it as part of their retirement planning?  Do you have a conversation with your parents about it?

I know the conventional wisdom is to not consider it - you never know, etc.

Let's say each parent set would be expected to give you $2.5MM.
Does anyone say, I am going to stop saving now that I am 50 years old and use
the (hypothetical) extra $50k that I would have saved to have a better time now with my kids (vacations)
or consider private school versus public school.

I am assuming in my example you have saved regularly and at 50 are well on the way to being able to retire at 65.
this is all about not putting the 50k you have been saving.  not spending what you have in IRAs/brokerage accounts.

thoughts? [/quote]

Well neither of our parents have money so we'll get next to nothing. We have a wealthy Aunt but who knows what will happen? We don't count on it. We'll keep saving until we have to start taking disbursements from our retirement accounts. If we get something, that will be useful but that is all Tbd until death.

I don't think it's a good idea to bank on an inheritance, imo.

But i also don't think hoping for "someone else's money" is a bad thing. Generational wealth is one of the only pathways out of the working class at this point. So that is a natural hope. Unless you've been poor or working class, you won't get it. Nothing was given to me in life and if someone gives me something-or there is a possibility of it- I'll take it and do so happily.[/quote]

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