No. of Recommendations: 2
lizbaconj: "I'm hoping that this may be board for this question! I'm 33 and starting to make plans for retirement. I'm an only child and think that when my parents pass (I hope that that day will be at least 20 years from now but you can never know about the future!) I'll be given some assets. My Dad is a very practical kind of guy and I want to talk to him about this. BUT (and this is so bothersome to me) this seems like such a uncomfortable conversation. I don't like the idea of talking even hypothetically about their death. I do though really want to learn everything I can in planning for my future. If anyone has some thought on this I'd love to hear it!"

lizbaconj: "Mistake notwithstanding-I do appreciate the feedback though it feels a bit hostile-which is a different response then I've even gotten on the MF boards. Easier to talk about stock picks I'm sure."

This board is not necessarily hostile.

Even your original post noted the uncomfortable nature of the conversation. Part of that is because it is unseemly to appear to interested in an inheritance (especially when both parents are alive, and probably in their late 50s.

Even being an only child, I would plan as if you expected no inheritance and then if you get one, it is gravy.

With both parents aline, potentially for decades, a lot of sh!t can happen between now and then. Disability, nursing homes, hospital stays, expensive medical treatments.

Also, what if one of yoru parents were to pass away and the survivor remarried, worst case to a gold-digger or a gigilo, but even if not worst case, to someone slightly younger whom they would want to continue to support?

There are lots of potentially bad scenarios.

Also, it is your parents' money, and what if they choose to leave it to a charity.

Or suppose one of you parents lives another 40 or 50 years - to age 90+ or even 100+. What happens to your retirement plans that are presumably 30-35 years out if one (or both) of yoru parents are still alive.

Even as an only child, and even assuming a great relationship, it is presumptious to assume an inheritance, and even though you are the most likley recipient of their natural affections.

Last, tone can be also difficult to interpret with posters with whom one is not familiar.

I suspect that the hostility your perceived is a reaction to the apparent presumption that while in your early 30s should be planning your retirement based upon some potential inheritance.

I doubt that any of the prior posters intended serioud personal offense to you.

Just my $0.02. Regards, JAFO
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.