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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We discussed keeping the inheritance separate but spouse was adamant that we commingle it. We have a strong marriage and I think there is gratitude that I have been the primary wage earner for our entire marriage. That’s a good idea to pump up the 529 since our daughter has been talking about graduate school. She hasn’t decided but it would be good to begin funding that. We could always transfer it to a grandchild if necessary. [b]If we were to take nicer vacations I would have to reduce savings[/b]. That would be hard for me but I guess our kid will only be with us a few more years so it’s probably worth it.

I appreciate the reassurance that early retirement is not the answer here. I didn’t think so. And I don’t really want to retire yet.[/quote]

I'm not sure I understand the bolded.  You would have to reduce your pre-inheritance savings balances?  your regular contributions to those savings? Why?

If you are saying it would mean spending some of that "extra" 3M to take a vacation, well of course.   But then what even is the question you are asking? [/quote]

I guess it just feels weird not to save as much as we had been saving before. What I mean is that if I wanted to take nicer vacations, I would need to reduce our current savings levels. I can’t imagine withdrawing from the investments to do so. I guess that wouldn’t make any sense anyway. So I suppose my question is would you reduce your savings goals because you now had more in your investments?[/quote]

Yes, I absolutely would reduce my savings due to the nest egg. For years we save a lot because we were saving up for a home. Then we saved up to pay the difference between our current home and a large one. Now we’re in our “forever home” and we continue to save for college and retirement, but we no longer aggressively save because we met our goal. Our current savings are enough to purchase cars as needed and do the home improvement projects we have planned. If something used a portion of our emergency fund, we could save more until it was refilled.
What are you saving for? You are 50 and your kid is set up for college. Don’t wait until you are frail and immobile to enjoy your savings a little. Yes - take nicer vacations. Do a few things that make your life easier. You won’t blow $3M overnight if you take 1 cruise and start paying for cleaners every 2 weeks. [/quote]

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