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Reply to "How to have truthful age appropriate kid conversations about wealth"
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[quote=Anonymous]I find it a little hard to believe that you have that level of income and nobody to talk to it about. I have three friends who all have roughly the same level of income, although I think one might be a bit higher. Which is to say net worths are in the 8 figures. While we don't discuss the exact amounts, we do discuss things like charities, irrevocable trusts for kids, how much and when to disclose to them, when they should access, who in our families are managing trusts, things like that. Nobody else has any idea how much we have, including our kids. We live a nice comfortable lifestyle, but nothing that would make us distinguishable from any 2 income family with good jobs (so you'd probably assume HHI of $300k/$400k, not what it actually is).[/quote]
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