Quote:
Originally Posted by bizaro86
I think levels sort of matter here - from what you've said about your upbringing it doesn't sound like your parents were at the "buy a fun car and a vacation property in Canmore" type of income bracket. For people who have struggled their whole life to make their retirement more comfortable is one thing.
For those who are already well off and living comfortably to blow every last dollar is something different. Although personally I think inheritance are too late in many cases. I'm likely to be in 60s when the second of my parents die, the die is financially cast by then. Personally, I'm planning to spend more money on my kids when they're younger (eg pay for post-secondary, help with downpayment) when I think that really gets leveraged vs holding the money and giving it to them as part of my estate. That's obviously personally riskier (could run out in retirement) but I think with good planning the risk is worth it.
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fair comments
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Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
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