Quote:
Originally Posted by buggyone
One poster wrote, "There are parents like my wife and me that desire to leave as much as we can to our children."
I agree it is nice to give the children a small nest egg but certainly not to the extent as "leaving as much as we can to our children." My parents gave me the down payment for our first house. I would do the same thing.
I was talking with my financial advisor a few days ago. I commented about how my wife wants to fly first class on the return flight from a long cruise and that I thought it was extravagent. He took my wife's side and said I can be uncomfortable and fly economy class and leave all my money to my children - but rest assured that the children will not be flying economy class with the inheritance money!
I earned that money, saved it, and made it work for me. I am going to use it!! I love my children but they can earn their money just like I did!
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Good for you! My sisters and I told our parents to spend, spend, spend. They worked hard for everything they had and, now that mom's 92, she still has $$$ to live on and enjoy. My husband and I worked hard, and are now retired here. My husband's kids are working hard, and saving for their future. If we have anything left for them, that's fine. If not...well... Just sayin'