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Yes but you have to choose a philosophy either way. I'm saying the philosophy of "we want to leave our kids money" should be run by those actually kids before i
by sanderjd 4y ago
Yes but you have to choose a philosophy either way. I'm saying the philosophy of "we want to leave our kids money" should be run by those actually kids before it is pursued. In my experience most adult children don't want their parents to focus on leaving them anything.
- sokoloff 4y agoThe chosen philosophy is “we don’t want to run out of money before we run out of heartbeats”. Having money left over is a by-product of that, not a primary goal. If the kids don’t want the money in the end, they’ll figure out some way to dispose of it I’m sure.
- sanderjd 4y agoThis seemed contradictory to your original comment. But I went back and read it and I guess it isn't quite so much as I thought. But a seven-figure cushion seems pretty unnecessary to me. That's a lot of wiggle room! But :shrug:, you do you.