Originally Posted by
Mojo31
As long as you have it, you might as well enjoy it. It's not going with you!
We are not big on the idea that parents must leave their kids an inheritance. We tried to give them the fundamentals to succeed (whatever that may look like to them), and the rest is up to them.
M&D tried to spend everything - Mom told us the only thing we we'd inherit would be our good looks - but Dad had a pension from his company, and Mom had a pension from the hospital, and they had Social Security, and they had paid off the house long since, and they lived in a pretty cheap place. They travelled quite a bit - Europe a couple times, South America, visiting us kids, etc. They still ended up with enough scratch left for all 6 of us kids to get almost $28K.