Getting approx. $360K from an inheritance. Should I mingle it with present assets and take my normal 3.5% WR? Or as my wife thinks, keep it separate and use it as our vacation piggy bank?
With a military pension, SS and a low 7 figure investment pool, we can easily meet all our financial obligations. In fact, really don't budget much but live beneath our means.
Psychologically, if we keep the inheritance separate and use it to upgrade our vacations (longer cruises, upgraded cabins, 1st class flights, etc) it would be easier to justify the higher expenses. I know it really doesn't make a lot of difference, but its "found" money and I could raid it and watch it dwindle without worrying about our "regular" life.
Is this stupid?
With a military pension, SS and a low 7 figure investment pool, we can easily meet all our financial obligations. In fact, really don't budget much but live beneath our means.
Psychologically, if we keep the inheritance separate and use it to upgrade our vacations (longer cruises, upgraded cabins, 1st class flights, etc) it would be easier to justify the higher expenses. I know it really doesn't make a lot of difference, but its "found" money and I could raid it and watch it dwindle without worrying about our "regular" life.
Is this stupid?