No. of Recommendations: 1
consider that it might have more to do with the marginal utility
Nah, more to do with simple delayed gratification.

Unless your financial plan includes an IRA inheritance (some actually do), then receiving such is an unanticipated windfall ... and that brand new 2013 truck is likely pretty far down on the list of "needs."

We've already talked with the kids about this. Told them that in the event we kick the bucket way earlier than we hope, they will inherit funds, much of which is in the form of IRAs. It is our hope that they will take the RMDs for their wants, keeping the bulk for their financial independence...providing many stories about how this helped us follow the path we wanted because we had assets to back us up if we lost that job.

Then again, our kids typically ate the cake first, saving the frosting for last. Delayed gratification seems to run in the family. Or maybe we've simply educated them.

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