Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When all is said and done I will have received close to $4M in inheritance from my parents, plus college paid for. My kids will be receiving nothing like this amount, unless I get very lucky in investing, bc while I have an advanced degree and earn in the mid-200s I don’t have the financial wizardry that my ancestors did.

You can’t even pass on what you received?? Geez…

So far I haven’t touched it and live only on my salary. But it is nearly my entire retirement so that’s unlikely to last.

How far are you from retirement? We have $1M in retirement and will be fine by the time we get there (early 40s); I can't imagine thinking $4M when you're still working age is going to be blown through. It should double every 7-10 years!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When all is said and done I will have received close to $4M in inheritance from my parents, plus college paid for. My kids will be receiving nothing like this amount, unless I get very lucky in investing, bc while I have an advanced degree and earn in the mid-200s I don’t have the financial wizardry that my ancestors did.

What if that money is spent on elder care?

It probably will be which is why my kids won’t be receiving what I did.

Have you thought about looking into Medicare trust fund?

We paid for our three kids college/post college education. Also, we have set-aside 150k-200k for each kid. Other than that, we have no other plan to help them out (no wedding help, no house downpayment help...etc.). We just purchased a new car for our youngest too.

My parents paid for most of undergrad (I covered books and incidentials through summer and on-campus jobs). Signed over a used car to me when I graduated. Gave us $10K for our wedding. Over the last few years paid for an annual vacation for the whole family (three siblings w/ families).

We're paying for our kids college (one in-state public, one OOS private but similar in price). On college graduation, will likely gift a down-payment for a car which they could choose to use for buying a cheap used car in full if they prefer, or hand down our cars. I expect to give them money for weddings, pay for them to join us on a trip annually. Both should get a significant inheritance from grandparents to help with future home purchase (my dad died a couple years ago and mom is not in good health).

Anonymous wrote:

Anonymous wrote:When all is said and done I will have received close to $4M in inheritance from my parents, plus college paid for. My kids will be receiving nothing like this amount, unless I get very lucky in investing, bc while I have an advanced degree and earn in the mid-200s I don’t have the financial wizardry that my ancestors did.

You can’t even pass on what you received?? Geez…

So far I haven’t touched it and live only on my salary. But it is nearly my entire retirement so that’s unlikely to last.

Anonymous wrote:

Anonymous wrote:When all is said and done I will have received close to $4M in inheritance from my parents, plus college paid for. My kids will be receiving nothing like this amount, unless I get very lucky in investing, bc while I have an advanced degree and earn in the mid-200s I don’t have the financial wizardry that my ancestors did.

What if that money is spent on elder care?

It probably will be which is why my kids won’t be receiving what I did.

Anonymous wrote:Nothing. Me immigrant, me struggling myself.
In all honesty, the older one is lazy as hell and lives in a Laland. I will help pay for his loans only if he finishes the degree.
I will remind him again that college is cheaper abroad and he holds dual citizenship.
I will be very surprised if the younger one doesn't get his everything paid. He will make it even without a degree.
Wedding? Not a penny. What a waste of money.
I know the questions was in the past, but I have to wait for a long time to answer.
I'm very practical. Told them we are poor and they get nothing. Coincidentally, they also need and want nothing.

They know you aren't poor and probably have no respect for you for all the drama you create.

Anonymous wrote:When all is said and done I will have received close to $4M in inheritance from my parents, plus college paid for. My kids will be receiving nothing like this amount, unless I get very lucky in investing, bc while I have an advanced degree and earn in the mid-200s I don’t have the financial wizardry that my ancestors did.

You can’t even pass on what you received?? Geez…

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing. Me immigrant, me struggling myself.
In all honesty, the older one is lazy as hell and lives in a Laland. I will help pay for his loans only if he finishes the degree.
I will remind him again that college is cheaper abroad and he holds dual citizenship.
I will be very surprised if the younger one doesn't get his everything paid. He will make it even without a degree.
Wedding? Not a penny. What a waste of money.
I know the questions was in the past, but I have to wait for a long time to answer.
I'm very practical. Told them we are poor and they get nothing. Coincidentally, they also need and want nothing.

I grew up with a mother like you. Honestly, it’s not getting nothing, but rather her not wanting to give anything, even you know $20 or so for food when I was a struggling college student that created a huge rift.
My son is 13 and we are poor.
I tell him that we are poor but i will be happy to help him to the extent I can. He doesn’t ask for much.
He earns his own money by participating in focus groups (of course I have to arrange it). So we often pitch in together for something he wants.

Curious what you consider poor?

Well my income is about 24k per year and my savings are about 40k.

Anonymous wrote:

Anonymous wrote:Nothing. Me immigrant, me struggling myself.
In all honesty, the older one is lazy as hell and lives in a Laland. I will help pay for his loans only if he finishes the degree.
I will remind him again that college is cheaper abroad and he holds dual citizenship.
I will be very surprised if the younger one doesn't get his everything paid. He will make it even without a degree.
Wedding? Not a penny. What a waste of money.
I know the questions was in the past, but I have to wait for a long time to answer.
I'm very practical. Told them we are poor and they get nothing. Coincidentally, they also need and want nothing.

I grew up with a mother like you. Honestly, it’s not getting nothing, but rather her not wanting to give anything, even you know $20 or so for food when I was a struggling college student that created a huge rift.
My son is 13 and we are poor.
I tell him that we are poor but i will be happy to help him to the extent I can. He doesn’t ask for much.
He earns his own money by participating in focus groups (of course I have to arrange it). So we often pitch in together for something he wants.

Curious what you consider poor?

Anonymous wrote:When all is said and done I will have received close to $4M in inheritance from my parents, plus college paid for. My kids will be receiving nothing like this amount, unless I get very lucky in investing, bc while I have an advanced degree and earn in the mid-200s I don’t have the financial wizardry that my ancestors did.

What if that money is spent on elder care?

Anonymous wrote:Nothing. Me immigrant, me struggling myself.
In all honesty, the older one is lazy as hell and lives in a Laland. I will help pay for his loans only if he finishes the degree.
I will remind him again that college is cheaper abroad and he holds dual citizenship.
I will be very surprised if the younger one doesn't get his everything paid. He will make it even without a degree.
Wedding? Not a penny. What a waste of money.
I know the questions was in the past, but I have to wait for a long time to answer.
I'm very practical. Told them we are poor and they get nothing. Coincidentally, they also need and want nothing.

I grew up with a mother like you. Honestly, it’s not getting nothing, but rather her not wanting to give anything, even you know $20 or so for food when I was a struggling college student that created a huge rift.
My son is 13 and we are poor.
I tell him that we are poor but i will be happy to help him to the extent I can. He doesn’t ask for much.
He earns his own money by participating in focus groups (of course I have to arrange it). So we often pitch in together for something he wants.

When all is said and done I will have received close to $4M in inheritance from my parents, plus college paid for. My kids will be receiving nothing like this amount, unless I get very lucky in investing, bc while I have an advanced degree and earn in the mid-200s I don’t have the financial wizardry that my ancestors did.

My parents never helped me when my mother was alive. When she died, I got about $13k in inheritance. I helped my parents in small amounts, like $100 per month, for years.

Nothing. Me immigrant, me struggling myself.
In all honesty, the older one is lazy as hell and lives in a Laland. I will help pay for his loans only if he finishes the degree.
I will remind him again that college is cheaper abroad and he holds dual citizenship.
I will be very surprised if the younger one doesn't get his everything paid. He will make it even without a degree.
Wedding? Not a penny. What a waste of money.
I know the questions was in the past, but I have to wait for a long time to answer.
I'm very practical. Told them we are poor and they get nothing. Coincidentally, they also need and want nothing.