Parents of the year

[Browser Brody]

I'd say nothing about it because if he takes it badly you might end up worse off in the long run.

Elderly people can be quite stubborn and odd when it comes to money.

This is completely it and to be honest i rather not fall out with him in his later years than have the money.

Funnily enough, I’m probably the less well off out of all the kids but everyone says i am the happiest.

 

[Bennyton]

That's pure bizzare boy, my plan is to help the kids with deposits, they're on their own after that though, the gaff itself will probably fund half the retirement.

 

[Orchard thief]

@Nollaig O Muracu recently recommended a book by Bill Perkins called “Die with zero”

Now it’s very American sided and the author is an arrogant gimp but in it he says the ideal time for a parent to look after their kids is when the child is between 26-35.

The average age of receiving inheritance in the US is nearly 60.

Point being at 60 the inheritance is merely an icing on the cake. Giving a living inheritance to a child when they actually need it makes a lot more sense tbf.

My grandmother lived to be 97. If my own mother lives to that age I’ll be 75 on receiving an inheritance! We could be in the same nursing home!!

It’s not an issue for me as my parents don’t have much so we’ve already had the chat about them enjoying life to the fullest while they have their health.

That generation aren’t very financially literate tbh. Leaving cash in a credit union in an inflationary era is bonkers.

The €5k, €10k they have put away and earmarked for their grandkids will hardly buy the kids a new phone in 35 years time.

 

[outdagap]

Can you elaborate on what type of investment policy you are using?

It was a Zurich Life Savings Plus Plan, but that was nearly 18 years ago, so there are bound to be others now. Might be best to talk to an independent QFA for what is available these days.

 

[outdagap]

@Nollaig O Muracu recently recommended a book by Bill Perkins called “Die with zero”

Now it’s very American sided and the author is an arrogant gimp but in it he says the ideal time for a parent to look after their kids is when the child is between 26-35.

The average age of receiving inheritance in the US is nearly 60.

Point being at 60 the inheritance is merely an icing on the cake. Giving a living inheritance to a child when they actually need it makes a lot more sense tbf.

My grandmother lived to be 97. If my own mother lives to that age I’ll be 75 on receiving an inheritance! We could be in the same nursing home!!

It’s not an issue for me as my parents don’t have much so we’ve already had the chat about them enjoying life to the fullest while they have their health.

That generation aren’t very financially literate tbh. Leaving cash in a credit union in an inflationary era is bonkers.

The €5k, €10k they have put away and earmarked for their grandkids will hardly buy the kids a new phone in 35 years time.

There's a lot to be said for that, especially nowadays, and having less debt as you enter the highest earning potential part of your working life, leaves room for so many more options, as well as so much less stress.

 

[TheRebelRoar]

@Nollaig O Muracu recently recommended a book by Bill Perkins called “Die with zero”

Now it’s very American sided and the author is an arrogant gimp but in it he says the ideal time for a parent to look after their kids is when the child is between 26-35.

The average age of receiving inheritance in the US is nearly 60.

Point being at 60 the inheritance is merely an icing on the cake. Giving a living inheritance to a child when they actually need it makes a lot more sense tbf.

My grandmother lived to be 97. If my own mother lives to that age I’ll be 75 on receiving an inheritance! We could be in the same nursing home!!

It’s not an issue for me as my parents don’t have much so we’ve already had the chat about them enjoying life to the fullest while they have their health.

That generation aren’t very financially literate tbh. Leaving cash in a credit union in an inflationary era is bonkers.

The €5k, €10k they have put away and earmarked for their grandkids will hardly buy the kids a new phone in 35 years time.

The gutsy, ballsy operators in the room are sticking it all on bitcoin.