Quote:
Originally Posted by Manhattanboy
I’m curious as to whether most people hope to retire and be able to live off investment returns rather than encroach on capital.
Obviously the former if you have kids or others to whom you wish to leave a large estate.
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For us it's likely drawing down capital. We don't expect to receive a significant inheritance either. Neither of our sets of parents will have much to pass down despite both being what I would consider middle class and have defined pensions.
Unless I come into a large amount of money I've always been a believer that the last cheque you write, the one that takes your bank balance to zero is your funeral. Our kids will be looked after but they won't be getting a big inheritance.