Jump to content

Sign in to follow this  
hegemony

I built a nest egg of $1 million and I’m only 46 — how do make sure my kids benefit?

Recommended Posts


I tell my parents once a month not to save their money just so I can have it later. I'd much rather have them enjoy it.

Share this post


Link to post
Share on other sites

$1 million divided between two people, with most of that in retirement accounts (not yet taxed) is not a huge amount. Unless they've been told they have terminal illnesses with not much time to live, retirement saving is the priority.

 

I like how they say they plan to retire "conservatively" by traveling most of the time. News Bulletin: Travel Is Not Cheap, unless their definition of traveling is going to McDonald's to pick up a senior coffee.

Share this post


Link to post
Share on other sites

$1 million divided between two people, with most of that in retirement accounts (not yet taxed) is not a huge amount.

 

20-25 years from now we'll be under a whole different tax scheme anyway, that $1 million will be socially redistributed.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  




About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines