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Sep 28, 2016
9:47
:46
am
Mister P
All-American
My approach to finances is to only count on what I can produce myself.
If inheritance or social security end up being available to me at some point, then great. That's a bonus, but I don't factor them into long term planning.
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Mister P
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Mister P
Joined
Sep 16, 2005
Last login
May 6, 2024
Total posts
62,511 (1,649 FO)
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Messages
Author
Time
POLL: Do you expect to receive an inheritance from your parents?
kccougar
All-American
9/28/16 9:43am
My approach to finances is to only count on what I can produce myself.
Mister P
9/28/16 9:47am
Inheritance, under some theories, will become crucial to future generations.
Baron
9/28/16 9:48am
True. Already got the kids Roth IRA going for that
cougfanz
9/28/16 9:55am
Roth IRAs are supposed to be earned income. Are they working already?
DK-
9/28/16 11:16am
yea, i'm an independent contractor so get some earned income, plus some from FIL
cougfanz
9/28/16 4:26pm
But wealth/money is not a finite resource. It can be spread around and America
TheLoneCougar
9/28/16 9:59am
Don't worry about that at all. Hilary's new 65% estate tax will take care of it
DK-
9/28/16 11:03am
Between my parents and my wife's parents we may end up with around 30K if we are
cougaman
9/28/16 9:54am
Yeah, big families + tithing = no dice
cougfanz
9/28/16 9:56am
On the contrary, I expect to be hounded by creditors.
Slim
9/28/16 9:56am
Haha, me too. Trying to ensure I didn't "sign" anything associated with them and
cougfanz
9/28/16 9:58am
Me too
mobius
9/28/16 10:01am
Luckily my step dad left my mom or this would be the case with us. Man was he
cougaman
9/28/16 10:06am
I think I expect based on their wealth, but I won't make or break me financially
TheLoneCougar
9/28/16 9:57am
So if they left it all to your other siblings and gave you nothing, no problem?
AFCougK9
9/28/16 10:07am
Honestly I don't think so, but I haven't been in that situation.
TheLoneCougar
9/28/16 10:20am
BlueFrog is already living off of his wife's inheritance, while we
Cougarealist
9/28/16 9:58am
We'll likely inherit a 1/5 share of 2 meh houses. Both of our parents have been
Pimpin4Paradise
9/28/16 9:59am
Ahahahahahahahahahahahahaha
SandYFan
9/28/16 10:03am
I grew up below poverty with parents in blue collar job and neither finished HS. Grateful not to
soupie
9/28/16 10:04am
I think it depends on the health of my parents in their later years
LaserCoug
9/28/16 10:07am
My parents seem obsessed with leaving something for us kids
Jersey hunter
9/28/16 10:08am
To my point below, I wonder if they would enjoy giving while they're alive...
CougaReb
9/28/16 10:14am
I plan on living within my means and spending the last $ I have on my burial
LaserCoug
9/28/16 10:15am
I have 8 siblings and my parents keep refinancing their home/vehicles
CougarHut
9/28/16 10:10am
One challenge with longer life spans is that inheritances are now coming...
CougaReb
9/28/16 10:12am
That's in an interesting observation
Linescratcher
9/28/16 10:17am
My parents have started doing some of those things. Not significant amounts of
TheLoneCougar
9/28/16 10:24am
I rarely think about it, but I'll get a little.
Belboz
9/28/16 10:19am
<< Deleted >>
UCLACoug
9/28/16 10:22am
I can't imagine working so hard to be dirty to get free money.
Belboz
9/28/16 10:37am
Wow, sorry to hear that...
TheLoneCougar
9/28/16 10:40am
Inheritance is weird
boyblue
9/28/16 10:22am
A guy in my ward told his dad, "I hope the last check you write before you die bounces."
kccougar
9/28/16 10:25am
This is what my dad told us in a family meeting after he retired.
WhiteKnight
9/28/16 10:47am
Expect? No. Hope for? Yes. But I'm hoping it will be a looooong time away
frontrowcougar
9/28/16 10:32am
Talked to guy who told me inheritance would pay for his 5 kids' college/missions
ForzaPuma
9/28/16 10:46am
I might get an old lawnmower or something.
Galileo5
9/28/16 10:53am
My parents are still living, but they already gave me my inheritance
Yurdue
9/28/16 11:01am
I've gotta convince my siblings to accept tokens and trinkets in lieu of cash
Linescratcher
9/28/16 11:08am
Yes, but with 7 sibs and most in worse shape than me, I don't expect much.
SouthernCoug
9/28/16 11:06am
My parents died young and then my last surviving grandparent died later at
OremDad
9/28/16 11:53am
That's really poignant.
Linescratcher
9/28/16 11:58am
RE: My parents died young and then my last surviving grandparent died later at
hadmonster
9/28/16 4:10pm
I expect to receive phone calls
TheDeek
9/28/16 12:00pm
Yes
Rakoto2009
9/28/16 2:57pm
No. I expect I'll have to clean up a bunch of debt/bills. Should be fun.
Triznaynay
9/28/16 3:01pm
Why would you have to pay for someone else's debts?
Conan
9/28/16 3:07pm
Because Citi-Bank doesn't believe in the 2nd Article of Faith
TheDeek
9/28/16 11:30pm
Correct. They hope people are dumb enough to assume someone else's debt.
Conan
9/29/16 12:38am
I suppose the sale of the house will be divided.
byujacob
9/28/16 4:48pm
8 kids in the family. Big fat NOPE.
VACOUGFAN
9/29/16 5:49am
Sweet. We're getting Golden Corral?
LaserCoug
9/29/16 5:52am
I said might. don't go spending that one before we get it.
VACOUGFAN
9/29/16 5:55am
I thought they were more ponderosa people
LaserCoug
9/29/16 5:59am
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