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Jul 2020
9:54pm, 9 Jul 2020
42,029 posts
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Lip Gloss
Snap Alice
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Jul 2020
9:58pm, 9 Jul 2020
12,088 posts
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Markymarkmark
I inherited a watch (that doesn't work!) from my Dad. And enough money to pay for a lawnmower from his mother (although I do think the Robert Mugabe retirement fund siphoned of a lot more than that!)
Inheritance isn't necessarily all it's cracked up to be!
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Jul 2020
9:59pm, 9 Jul 2020
42,030 posts
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Lip Gloss
As long as I can hold onto my own home I know at least my son will get something
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Jul 2020
10:11pm, 9 Jul 2020
47,533 posts
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Velociraptor
My grandparents left next to nothing. My parents have worked hard, avoided money-sucking behaviours, and been lucky with the housing market. I've always nagged them to spend more on doing things while they were fit. They've chosen to live comfortably but well within their means and now Mum's not so fit and their horizons are much more limited, but they seem quite accepting of this.
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Jul 2020
10:18pm, 9 Jul 2020
36,674 posts
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Nellers
I voted "Like a shot" but it's likely to need a lottery win to happen any time soon. Years left on the mortgage (although it's not a huge mortgage) and 2 kids at uni for another couple of years mean no immediately impending drop in outgoings. A bit envious of those with enough foresight/financial where-with-all to get things sorted and be out and clear in their earlier years.
Mum is also unlikely to leave much of an inheritance as her dementia means anything she's got is likely to pay for her care as things develop, not that I see it as her job to make my life easier at this stage.
We all just play the cards we're dealt don't we?
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Jul 2020
10:27pm, 9 Jul 2020
6,462 posts
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TeeBee
Just read back a bit...
Canute, my dad is 84 and an emeritus professor. He organised an M.Sc course well into his 70s, and still does a few student lectures here and there. He will never retire. He does a huge amount of consulting and research, and sits on on a large number of academic committees. He works late into the night most days. He makes my feel exhausted.
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Jul 2020
7:18am, 10 Jul 2020
6,520 posts
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bigleggy
3 years until I can even think about drawing pensions. But I believe they are doing OK.
Mortgage free and glad I didn't get suckered into remortgaging my house to take the kids to Disney land when they were young. This seemed to be the trend back then
Using the 3 years I've got to wait to save aggressively for retirement. That and an inheritance will currently pay me out about £100 a week with a 90% chance of never running out using the 4% rule of withdrawal.
https://en.m.wikipedia.org/wiki/Trinity_study#:~:text=It%20is%20one%20of%20a,to%20cover%20a%20year's%20expenses.
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Jul 2020
7:28am, 10 Jul 2020
35,558 posts
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HappyG(rrr)
Stop talking about pensions pleeeease!  (I've hardly got any.) I used to hear it from 50 yr old colleagues in Bank all the time. Final salary, huge company contribution, been there since 16 or 22. Argh. I'll be working til I'm 90. Nothing from my folks either! G
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Jul 2020
7:54am, 10 Jul 2020
38,822 posts
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LindsD
Me too. Marrying someone with a large maintenance liability and having kids late meant we could not save when we needed to.
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Jul 2020
8:03am, 10 Jul 2020
50,878 posts
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Diogenes
No savings, only debts including a mortgage that is mostly interest-only with no repayment vehicle. Scary.
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