Too early to draw any conclusions anyway
I am about to clock out for the final time in 6 weeks, so I'm only at the starting line.
When I look at the vast span in the projections generated by FIRECalc for the next 30 years, I will leave an estate which, divided among our 5 chilluns, could be no great shakes, or it could be a bonanza, or more likely somewhere in between.
My conclusion is that it's far, far too early to start planting expectations in the kids' minds about what they might get someday.
But it also occurs to me that bequeathing my children the expectation that they need to govern their own lives with maturity and discipline, instead of counting on crumbs from Mom and Dad, is a gift worth a hundred times more than any $$ we might leave them.
I am about to clock out for the final time in 6 weeks, so I'm only at the starting line.
When I look at the vast span in the projections generated by FIRECalc for the next 30 years, I will leave an estate which, divided among our 5 chilluns, could be no great shakes, or it could be a bonanza, or more likely somewhere in between.
My conclusion is that it's far, far too early to start planting expectations in the kids' minds about what they might get someday.
But it also occurs to me that bequeathing my children the expectation that they need to govern their own lives with maturity and discipline, instead of counting on crumbs from Mom and Dad, is a gift worth a hundred times more than any $$ we might leave them.