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View Poll Results: How much will be left when you die?
Zip- my plan is to spend it all 15 13.04%
$50,000 or less 7 6.09%
$50,000-$250,000 18 15.65%
$250,000-$500,000 8 6.96%
$500,000 or more 67 58.26%
Voters: 115. You may not vote on this poll

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Old 04-22-2010, 04:25 PM   #21
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Current plan is to build our Roths up to $50K each and these will go to our two sons. Plan to spend down everything else, not sure about the how the house will fare as we get older. But all funds outside the Roths are targeted for spending, which we are having fun doing. Just back from a marvelous trip to Bali.
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Old 04-22-2010, 04:51 PM   #22
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Quote:
How much will be left when you die?
All of it
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Old 04-22-2010, 05:09 PM   #23
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Who knows? Depends on how the market functions and whether our spending decreases or increases as we age. Excluding property makes no sense. We (currently) plan to age in place. Our house(s) will be a substantial legacy.
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Old 04-22-2010, 05:17 PM   #24
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Who knows? Depends on how the market functions and whether our spending decreases or increases as we age.
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Old 04-22-2010, 05:21 PM   #25
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I agree with others who say "Who knows". I voted over $500,000. I think my son, my primary heir, should inherit several million dollars unless some LTC situation sucks everything up. He is well-educated and more of a saver than his father and I ever were. He also has a good income(better than mine). I don't have any valid worries about him. I don't plan to scrimp, but I don't see my estate being zeroed out unless I am struck by some devastating illness. I am kinda skating on thin ice as I don't have LTC insurance. I am gambling, given my family history, that I won't need it. Or that if I am gifted with a long life(90's), I can hobble along independently as all the (relatively rare) long livers in my family have managed to do. Well, only 3 have lived past ninety.
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Old 04-22-2010, 09:24 PM   #26
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Since I'm a LBYM type of person, I'll probably have some left over. But it's tempting to live like a king (no, not Larry King ) in my final years and let whatever happen happen for those left behind to worry about.
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Old 04-22-2010, 09:34 PM   #27
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Originally Posted by audreyh1 View Post
Even though I plan to give most of it away before I die, I have a feeling there will be some left over.

Audrey

Audrey if you pass before me just put me on your list
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Old 04-22-2010, 09:41 PM   #28
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$50,000-$250,000
-------------------
I'll start taking money from retirement accounts later this year. Have already increased how much I give away.

Anything leftover goes to some local charities and maybe some friends.
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Old 04-22-2010, 09:44 PM   #29
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Hey...I love leftovers!
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Old 04-22-2010, 09:47 PM   #30
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I'm pretty sure that this existence is all a dream of mine, and when I die it will all go poof! So, nothing.
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Old 04-22-2010, 11:01 PM   #31
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In theory - all of it since our retirement plan is to maintain the real value of our assets and live off the real return.

In practice - I have no idea.
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Old 04-23-2010, 09:53 AM   #32
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It is hard to go to zip unless you do it early. This question is hard like the SS question because you don't know you death date.
Not if you go with a annuity
TJ.
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Old 04-23-2010, 10:07 AM   #33
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It depends. If DW goes first, I will spend it all. If not, then I have to leave something for her.

After all, I have to be able to live with myself. But wait, I'll be dead, so does it matter?

Now I'm getting a headache....
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Old 04-23-2010, 10:48 AM   #34
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Since I'm a LBYM type of person, I'll probably have some left over. But it's tempting to live like a king (no, not Larry King ) in my final years and let whatever happen happen for those left behind to worry about.
Don King?

Haven't thought about it much. FireCalc says at the end of the plan the remaining pile could be anywhere from 1/5 to 5 times its current size. I suppose if, over the course of the plan, we are fortunate and the portfolio grows a lot we might increase spending a little.
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Old 04-23-2010, 10:52 AM   #35
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Not if you go with a annuity
TJ.
I had not thought of that.
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Old 04-23-2010, 11:03 AM   #36
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It depends. If DW goes first, I will spend it all. If not, then I have to leave something for her.

After all, I have to be able to live with myself. But wait, I'll be dead, so does it matter?

Now I'm getting a headache....
Looks like you'll be going first......
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Old 04-23-2010, 03:06 PM   #37
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I won't be able to die broke unless I am forced out of my house and have to sell it and give the proceeds to the retirement village just to live there.
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Old 04-23-2010, 04:22 PM   #38
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Old 04-23-2010, 09:09 PM   #39
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I think it is likely we will leave to my children quite a bit of money. As much as I have posted here threatening to spend it all as I cannot take it with me, the truth is that I am too chicken. I want to enjoy life and to live right at my means and not below it, but the market god giveth and he also taketh. Who knows what one's means really is next year?

And then, how many times have I posted here that I think I am a manifestation of Duck McScrooge? What if I keep enjoying counting my money more than spending it?



PS. Just the other day, I heard this trivia question on the radio. "How much does a million dollar weight, in single dollar bills?"

On top of my head, I would have guessed a few hundred pounds, but the answer was more than 2,200 lbs!

In 100-dollar bills, it still weights 22lbs and is a 4-foot high stack!
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Old 04-23-2010, 09:10 PM   #40
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I also don't know or care very much. I have no kids to leave anything to so have set up a will to liquidate estate and set up a scholarship fund for math and science students from the local high school.
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