Here's something that I don't understand or can't get my head around. How did my retirement money become my kids' money? I raised my kids to be self-sufficient people. I didn't give them anything except knowledge and a hard work ethic. They are doing well all by themselves.
But, I get the feeling that some people think that I am a piggy bank for my kids and enjoying my retirement is robbing my kids and their future. Bah! As I told my parents, "I want nothing, I expect nothing. Enjoy every penny of your retirement." I intend to do the same. If my kids are expecting windfall from me then they will be sorely disappointed.
Even if you do get inherited money, you’re likely to be in your 60s yourself by the time you get it.
When my father set up his estate trust, he made the ultimate beneficiaries both his children and grandchildren in equal shares. His thinking was that a good sum of money, but not a fortune, can be very useful when you’re in your 30s and have a house and kids. He wasn’t wrong.
I'd rather have Mom and Dad, than an inheritance, any day.
spending kids’ inheritance is supposed to be humor. It’s certainly your money (assuming you didn’t merely inherit it, in which case things get a bit more subtle).
You would be amazed by the number of kids who believe their parents’ assets really belong to them. They don’t want their parents to spend money.
I know someone, a friend of a friend, who was diagnosed with cancer. Her children are trying to take over ownership of her house. They’re afraid she’ll end up in a nursing home and they won’t get *their* money.
That was what I got out of it too. It is YOUR money, not your kids money.
I think any “kid” that is expecting anything has a screw loose and wasn’t raised right.
I think it is okay to have the attitude that it would be nice to get something, but...to expect it? Strikes me as wrong-headed.