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[quote=Anonymous][quote=Anonymous]At retirement our NW will be 7 million, we plan to pay for college, weddings, cars and 500k down payment each. We will be receiving a 7k pension +SS+5k monthly distribution from 401k. Rest of our inheritance will also go to our kids. We are not big spenders or travelers so we plan to lead a quiet life in retirement. People with 10 mil+ are a different category and then should definitely help their kids, times are tough.[/quote] Our NW is around $7m and we don't feel like it's prudent for us to give our kids that amount of money for a down payment. We covered their education, but our retirement and long-term care needs could eat up our savings, especially since people are living longer than ever and both sides of our family have long lifespans. We also probably have more kids than PP. In any case, we're saving it and leaving them money when we pass. [/quote]
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