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Reply to "If you knew you would inherit $6M, would you do things different?"
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[quote=Anonymous][quote=Anonymous]Inheritance is difficult to plan around, your parents could live another 20 years. The money belongs to them and they could spend or lose it all before you inherit it. It's all about risk tolerance though, you could increase your spend moderately since you have a high probability of having that support in retirement. [/quote] Yeah this. You don’t need to be black and white about it ( plan 100% to get it or 100% to not get it). The risk is that you’re too conservative and missed out on opportunities in life because you came into huge amount of money at an old age that you can’t enjoy, on the other side you risk not having enough money if you planned to get it and something happened to make it go away. If you think there’s very a high chance you’ll inherit that money, it makes sense to spend a bit more than usual but not so much that you’d be screwed if the money didn’t come in. [/quote]
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