Originally Posted by misanman
What do people think about creating Roth accounts with grandkids as beneficiaries? If/when they inherit the account they'd have maybe 40 years or more before they'd need it for their retirement. Is this feasible? Or maybe they'd just spend it as soon as they got it.
Well, you'd be dead so you wouldn't have to see how they handled the situation.
As other long-term members on this board have pointed out, I'm perhaps overly concerned about the debilitating effects of affluenza. That concern is probably particularly acute when you achieved your own ER without benefit of being a beneficiary. In our case we tell our kid that not even her
grandkids would inherit from us in time to make a difference to their lives, and anyway we'd probably spend it all before anyone had to worry about inheritances.
It's whatever is important to you. It'd certainly give them a rainy-day fund in case of health problems or other disasters. OTOH you may feel strongly about making a charity a beneficiary in order for someone else to get the help when they need it most and have the most motivation...