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Investing/Strategies / Retirement Investing
|Subject: Re: How do you leave it behind ???||Date: 10/31/2000 9:15 AM|
|Author: BGPenhollo||Number: 25870 of 78166|
"I don't want to leave money behind to those who will squander them, and there are some charities that I would like to give and know that it will be put to good use. So parents and grandparents out there how much are you obligated to give to family. I do not have children therefore I don't know how make this judgement. "
Hopefully you will have many years left to consider all the alternatives.
Ignoring the insurance issue for the moment, your 150K at 29, will hopefully grow and at 11% with just $2,000 invest in a Roth or other retirement savings, you could be looking at $6.5 million in 35 years.
As your net worth continues to climb, you will have many more options.
You could set up a foundation now with as little as $1 million - some people are doin