JohnnyBGoode
Recycles dryer sheets
DW and I are in early 50’s and I was able to FIRE last year and join her in the small business we own. Our kids are mid-20’s and have good jobs. They know I FIRE’d and we are reasonably “well off” but not the specifics of exactly how much is in the accounts. I am planning on going through the overall state of our finances so they know where the accounts are located, etc. but I was wondering how many folks here disclose all the money details and how many keep it vague?
They obviously need to know enough to take over if something were to happen to DW and me, but that doesn’t necessarily mean knowing how much $$$ is each account.
How do you all handle it?
They obviously need to know enough to take over if something were to happen to DW and me, but that doesn’t necessarily mean knowing how much $$$ is each account.
How do you all handle it?