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Reply to "What are (or were) your parents' net worths?"
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[quote=Anonymous]My in-laws own their home - about $250k. My FIlL (77) hasn’t worked since he lost his job about 20 years ago. My MIL (74) is retiring this year - she’s a nurse who ran multiple out patient centers as the chief administrator. They live in a low COL area and I have no idea. I’d guess $1 million or so. My parents I know have at least $5m in investments and own 3 homes outright so about $7.5 million there. My dad also owns some small apartment buildings but I don’t know if he owns them outright or not. Still, I’d guess at least $9 million total. My mom (79) is suffering from dementia but so far hasn’t needed in-home care or to move to a center. That could be a long-term expense when she does need more care. My parents give me and my two siblings / our spouses the maximum allowed gifts per year and have moved to a state with lower taxes / lower COL than where I grew up. [/quote]
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