Lienlord
Recycles dryer sheets
We're turning 55 this year and have been F.I. for a few years. Planning to RE in about 12 months.
My DW's parents are fairly wealthy and in their mid 80's. While in pretty good health, we recognize at some point they will not be with us. At that time, DW and her brother will share a fairly sizable inheritance (that I estimate to be in the millions).
We're not counting on or depending on this future inheritance, and I have not considered it at all as part of any retirement calculations, but wondering if it's something that should be taken into consideration. A windfall like that in 10 years (or hopefully later) would drastically impact our spending estimates before/after that.
It feels weird to even talk about it with DW (so we don't). But I'm sure this has come up with others, and curious if it played any part in your RE calculations or just plan as if it doesn't exist and deal with it then.
My in-laws are wonderful people and I feel so blessed to have have been part of their family for the past 30 years of marriage to DW, so hoping we have many years together.
Thanks!
My DW's parents are fairly wealthy and in their mid 80's. While in pretty good health, we recognize at some point they will not be with us. At that time, DW and her brother will share a fairly sizable inheritance (that I estimate to be in the millions).
We're not counting on or depending on this future inheritance, and I have not considered it at all as part of any retirement calculations, but wondering if it's something that should be taken into consideration. A windfall like that in 10 years (or hopefully later) would drastically impact our spending estimates before/after that.
It feels weird to even talk about it with DW (so we don't). But I'm sure this has come up with others, and curious if it played any part in your RE calculations or just plan as if it doesn't exist and deal with it then.
My in-laws are wonderful people and I feel so blessed to have have been part of their family for the past 30 years of marriage to DW, so hoping we have many years together.
Thanks!