Anonymous
Post 06/10/2026 17:59     Subject: Re:Inheritance
Yes I absolutely factor it in to retirement planning etc. I will likely inherit ~$5-7m in $ and real estate, as will my sister.
Anonymous
Post 06/10/2026 09:13     Subject: Re:Inheritance
I posted earlier, but wanted to come back. I do think that it is important to take into consideration. I inherited a $300k IRA pre-secure act, a $1m IRA post and probably will inherit another $1m IRA. The pre-secure act IRA I just take the RMD and let it ride. I am four years in the emptying the post-secure act IRA. I am 4 years in and it is about the same amount as I started. This is all in addition to the money we have saved in 403b/457 accounts, another $1.5m. Our RMD will have a huge impact on taxes. I stopped saving in tax-deferred accounts because of this.

I am not saying that you should count on an inheritance, but you do need to factor it in to your long-term planning.
Anonymous
Post 06/08/2026 14:39     Subject: Inheritance
I am in no way expecting to inherit $2.5M from either side. Maybe $500k from one side and nothing from the other. I only think of the money as a nice way to help my kids as they launch into adulthood. So in my mind it'll help pay for a wedding or a down payment or grad school. Maybe it will pad our retirement to be a bit more comfy than it would be otherwise.

But it won't be millions. So while still a nice padding and incredibly fortunate, I am not doing any financial planning around it at this point.
Anonymous
Post 06/08/2026 14:31     Subject: Inheritance
I consider it only in that it will be part of the legacy I am able to leave my own children. I would maybe use some of the money for a nice vacation or a home update or something special I could think of as a nice gift from my parents, but the rest will be for my kids.
Anonymous
Post 06/08/2026 13:52     Subject: Re:Inheritance
Anonymous wrote:
Anonymous wrote:My parents are in their mid 70s and I’m 40. They are quite wealthy as in ultra high net worth. I’m sure I will inherit a large sum but we are very focused on planning for ourselves. What I do inherit will likely benefit my children and someday my grandchildren. My parents never inherited a meaningful amount of money. My parents have already been very generous so I’m very lucky.


If your parents are “ultra high net worth” they shouldn’t be leaving it all to their children. A percentage should skip the children and go directly to the grandchildren
in individual trusts. Helps with the children’s eventual estate taxes too.


I'm quite sure that we are ultra high NW and the trusts we have set up are generation skipping trusts so our children will benefit from the income but most of the principal will go to our grandchildren. Our children will have rights to use the principal for a bunch of reasons. We have set up 529's for all of the grandchildren and utilize annual gifts to our kids and spouses but they are all focused on their own retirement planning. We don't want them to rely on us for their retirements but I believe we have a nice balance between being generous now and again in the future.
Anonymous
Post 06/07/2026 21:01     Subject: Re:Inheritance
I will likely inherit a few million from my parents but there are no guarantees and I simply refuse to think about it when we plan our retirement. I just put it out of my mind. When I talk to them I tell them to enjoy their money.

My family is pretty screwed up and I think my parents' money has made some of my siblings sort of crazy. It has caused a big rift between two of them. I just don't want it to impact my life that way. So I try not to think about it. If I pretend the money doesn't exist, I am happier and my relationships with my family are better.
Anonymous
Post 06/07/2026 20:34     Subject: Re:Inheritance
Anonymous wrote:My parents are in their mid 70s and I’m 40. They are quite wealthy as in ultra high net worth. I’m sure I will inherit a large sum but we are very focused on planning for ourselves. What I do inherit will likely benefit my children and someday my grandchildren. My parents never inherited a meaningful amount of money. My parents have already been very generous so I’m very lucky.


If your parents are “ultra high net worth” they shouldn’t be leaving it all to their children. A percentage should skip the children and go directly to the grandchildren
in individual trusts. Helps with the children’s eventual estate taxes too.
Anonymous
Post 06/07/2026 16:15     Subject: Inheritance
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:No. It is not part of your retirement planning.


Same. If there’s something, thats great. But I’m not counting on it.


How is this smart planning?

It’s suboptimal to not consider if it’s coming.



Why is it suboptimal? Yes, you could be spending more now. Doesn’t seem like a terrible problem if you don’t. Also you have no way to know when the inheritance will come if it does. How can you really plan for it?


Let’s say you have to go to public college or a college for cost instead of attending the best school irrespective of cost.

Just one example.



In many cases, anyone expecting a significant inheritance is already not going to have to worry about the costs of college affecting where they go. Also, there’s nothing wrong with public colleges (we have plenty of money saved for our kids to go to school, but I’d love it if they went to a public university).


Lots of good public schools, i really meant having to attend a lower quality school for $$.

in our situation, it doesn't matter as we have plenty of $$ to pay for college and pretty much whatever we want within reason.

We are relatively frugal ourselves.
Anonymous
Post 06/07/2026 10:58     Subject: Inheritance
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:No. It is not part of your retirement planning.


Same. If there’s something, thats great. But I’m not counting on it.


How is this smart planning?

It’s suboptimal to not consider if it’s coming.



Why is it suboptimal? Yes, you could be spending more now. Doesn’t seem like a terrible problem if you don’t. Also you have no way to know when the inheritance will come if it does. How can you really plan for it?


Let’s say you have to go to public college or a college for cost instead of attending the best school irrespective of cost.

Just one example.



In many cases, anyone expecting a significant inheritance is already not going to have to worry about the costs of college affecting where they go. Also, there’s nothing wrong with public colleges (we have plenty of money saved for our kids to go to school, but I’d love it if they went to a public university).
Anonymous
Post 06/06/2026 23:42     Subject: Re:Inheritance
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I do not count on it.

Memory care is $140,000 to more than $220,000 yearly.

They could need memory care and that would eat up 2.5 M pretty quick, especially if there are two.



No way. These estimates are way overblown. First off if you’re in memory care you have no other expenses. You also still earn social security, pension, dividends etc.

The chance of you having someone in memory care for years and the spouse too means you moved them there too early. The average stay isn’t even 2 years.

You should be more worried the market collapses.


Those prices for memory care are definitely not overestimated. Not everyone wants to go to a facility. My parents want full time carers and at $30/hour it's over $250,000 a year plus taxes, and house expenses, meds, etc.


This is crazy expensive and you can use common sense to figure out this is abnormal. There would be a huge market if you could take care of a couple 24-7 and earn $250k without even having a college diploma. Heck even at $150k you could have live-in help.

My own parent ended up in memory care and it cost us all out maybe $250k over 2.5 years at a facility. He earned interest and dividends at this time and his net worth continued to grow.

Do you also think college has to be $80k per year? I ask because it’s a similar mentality and it just means you’re a big spender and aren’t smart about things. Sure, if you want to spend $1 million educating your kids and $1 million on LTC you can do that. But it isn’t necessary.



The providers themselves aren’t getting paid the whole amount, though. Unless this PP just went out and hired people directly and is writing them checks, which I doubt, that cost includes operating costs and a profit margin for their employer.


The point is that if it really was $250k a year for normal care and this was commonplace, there would be a market for this. $250k is a fantastic salary for someone without a degree. Spending that kind of money isn’t necessary.


you're an idiot. it's not $250k. it's $83k each for three people to get 24 hour shifts covered.


NP: it is not $83k/year for 24 hour at home care. The person above said it is $30/hour x 24 x 365 =$262,800/year.

In my own experience w/family, it was closer to $40 per hour for overnight hours - and then even more if the person needed a higher level of care (needs to be wiped, showering the person who can’t stand without significant help, etc.)

So while you’re insulting someone by calling them an idiot- you’re in the wrong. If you double down- post a link showing this rate for a company. Your rate is less than $10/hour.


your numbers are correct but you have the reading comprehension of a potato.

PP was saying that it's impossible for in-home care to cost $250k a year because if it did, people without degrees would be flocking to make $250k a year to just take on the easy gig of taking care of an old person or two.

i was pointing out that it's not $250k to one person, it's split up AT LEAST by three people who are each only earning no more than 1/3rd (usually maybe 1/5th, if they work through an agency) of the actual annual cost.

PP clearly has not done personal care for an elderly, angry, fragile, suspicious patient. it's not a cushy gig. and it's not one person doing 24x7 work. it's active shift work.
Anonymous
Post 06/06/2026 20:50     Subject: Inheritance
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:No. It is not part of your retirement planning.


Same. If there’s something, thats great. But I’m not counting on it.


How is this smart planning?

It’s suboptimal to not consider if it’s coming.



Why is it suboptimal? Yes, you could be spending more now. Doesn’t seem like a terrible problem if you don’t. Also you have no way to know when the inheritance will come if it does. How can you really plan for it?


Let’s say you have to go to public college or a college for cost instead of attending the best school irrespective of cost.

Just one example.

Anonymous
Post 06/06/2026 19:49     Subject: Inheritance
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:No. It is not part of your retirement planning.


Same. If there’s something, thats great. But I’m not counting on it.


How is this smart planning?

It’s suboptimal to not consider if it’s coming.



Why is it suboptimal? Yes, you could be spending more now. Doesn’t seem like a terrible problem if you don’t. Also you have no way to know when the inheritance will come if it does. How can you really plan for it?
Anonymous
Post 06/06/2026 18:46     Subject: Inheritance
Anonymous wrote:
Anonymous wrote:No. It is not part of your retirement planning.


Same. If there’s something, thats great. But I’m not counting on it.


How is this smart planning?

It’s suboptimal to not consider if it’s coming.

Anonymous
Post 06/06/2026 17:27     Subject: Inheritance
Anonymous wrote:No. It is not part of your retirement planning.


Same. If there’s something, thats great. But I’m not counting on it.
Anonymous
Post 06/06/2026 17:16     Subject: Inheritance
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP, you really need to reframe this scenario because the additional details you've shared show that it's not really about the inheritance.

Here is the fact pattern:
You have $10M in assets, are married, and are around 50 years old.
Your HHI is $500-700k/year and you plan to work an additional 10-15 years.
You've been saving $50k/year in a brokerage account, in addition to tax-advantaged saving for retirement.
Your parents are 80+ and you expect an inheritance.

Here is your question:
Given the facts above, can you spend the $50k/year instead of continuing to add savings to your brokerage?

And the answer is 100% yes.


OP here - thanks for reframing. other than we want to only work for 5-10 years this is the way to think about it.

Does retiring at 55-60 make the answer still 100%?

Because I do understand that if we keep working till 65 then i know we can spend the extra $50k. It's really spending the $50k
AND retiring in 5-10 years.


Yes, it's still fine. If I were in your shoes, I'd make sure tuition payments were over before I retired, but I'm pretty conservative. I'd also rather work for an extra year or two and really enjoy my money (and get weekly massages / go on great vacations with my teen and college aged kids) than kill myself budgeting and trying to make my big pot of retirement funds bigger.


Kids have gotten money over the years from the grandparents and that should cover part of college. My belief is that the grandparents want to fund all of the college (so grandkids can know the GP paid for the education versus just some nebulous pot of $$ they don't know about).


Is this OP? You're certainly relying on a lot...


Yes OP. They have told us that is the plan and desire. We don't need to rely on the money, it's what they want to do.