any one save more carefully because they know they wont receive an inheritance?

[Pakey]

My parents are spending mine and I'm happy to see them enjoying retirement.

My husband and I have already saved enough for our retirement so I'm not looking for anything from anyone else.

I hope our children (youngest is 30) aren't expecting us to leave our savings to them. We plan to enjoy ourselves.

 

[DawnM]

I am getting something because I am an only child, but I am not counting on that money or overspending now.

We save and live within our means and are not counting on anything.

Dawn

 

[RitaE]

Never any question here of DH and I inheriting anything. Usually what we get when a relative passes is a bill from the funeral home.

So I guess the good part of that is we've known how it would be all along and we've never counted on anything. There is a certain someone in my life who has been counting on years for a very large inheritance to fix her life. It's kind of creepy and to tell you the truth --- kind of sad. She always thought that inheritance would send her kids to college and the people just refused to die in time. Now the kids have student loans out the wazoo and she counts on it for her own retirement.

 

[brittsmum1998]

First, DH & I know we are on our own....in so many ways. Not just financially but also physically & emotionally. We cannot depend on grandparents/parents for anything. When our babies were born we were totally on our own.

Anyway, we also live in a small towm (relatives live 600+ miles away). In our town grandparents play a huge part of the family lives. Most people my age have parents who help with everything from child care, to purchasing all the back-to-school suppies, new shoes, plus have vacation homes. Most of them have family homes at the beach (2-3 hrs from here) and a good 95% of my children's friends spend some of the summer at the beach with their grandparents. It is just the way it is around here. Grandparents are the ones buying the sweet 16 yr old a car/truck.

At school events...band concerts, football games, etc. the whole extended family attends....always! I have come to know most of my children's grandparents by name because they are always there. I do sometimes feel frustrated that our kids's grandparents choose to live their lives not connected.

I know you question was about inheritance, it also struck a nerve with me, because I know not only will there be no inheritance, there also will not be all the "grandparent" type memories.

Growing up my siblings and I were very close to our grandparents. But I guess its the distance too that makes the relationships harder.

I want to live where you live. I don't consider that normal at all. Maybe well to do families but everyone?

My dd is very close to one set of grandparents. Everything we have we have earned ourselves and would not depend on any inheritance.

 

[kimsuenew]

My parents are spending mine and I'm happy to see them enjoying retirement.

My husband and I have already saved enough for our retirement so I'm not looking for anything from anyone else.

I hope our children (youngest is 30) aren't expecting us to leave our savings to them. We plan to enjoy ourselves.

 

[kirstenb1]

We all see things through our own filter, obviously. DH and I have known for many years that we were on our own. Until this thread, I wouldn't have thought of people planning their financial future on inheritance. What if something bad happened and all that $$ was gone?

I do admit I get very envious when someone mentions going to their parents' or grandparents' beach cottage for the weekend.

 

[disneysnowflake]

We save for our own future. We live within our means.

My parents are in their upper 70s and in great health. What they choose to do with their money when they pass is up to them. I'm not counting on anything.

My one sister is in debt up to her eyeballs. She's obsessed with money and what my parents don't do for her. She complains about how "everyone" she knows has parents who give them money, take them on vacation, buy cars, buy school clothes, etc. My parents don't do that. Every single time she speaks to me, it always turns into the whole pity me for not getting money from my parents thing.

DH's parents passed away several years back. His mom passed first. When he dad passed, the will stated that all his money went to the woman who helped care for his wife before she passed. It's his money, so be it.

I've always saved for my own future all by myself.

 

[neatokimmo]

I don't know if saving and inheritances are related at all. Some people are hardwired not to spend money, even when they have it.

And of course the opposite is true too, there are tons of people out there that spend with no guilt regardless of how their financial future looks.

Then you have the bunch that are financing everything and it just looks like they are big time spenders.

So anyway, I'm a saver who has a hard time letting go of money without guilt. So any inheritance won't change that.

 

[OhMari]

I live in Wisconsin and I know lots of people that have cottages up North. Including my parents.
I hate going, they owned it for over 20 years.
And theirs isn't a cottage it is a 2nd home.
Everyone ends up getting swimmer's itch,
my sister's act like it is their's, they claimed the bedrooms for themselves and their children.
And if you happen to be outside, while they are inside vacuuming or doing dishes, they yell about you being outside.
It isn't a vacation to me, give me WDW any day over a cabin or cottage on the lake.

To answer the OP's question-I am not relying on any inheritance. I'll be working till I"m 72 and hopefully I will have enough for retirement. I actually am opening up a 403B at the start of the Fiscal Year. I negotiated a pay raise and my employer is paying into the 403B for me, because I don't take Health Insurance. I should of insisited upon this 20 years ago, when I started. I was to dumb and always stayed on my dh health insurance plan.

 

[flamingglobessigmund]

I've been taken out and put back into my mother's will so many times, I'm not counting on anything when she dies.

 

[FINFAN]

not only are we not inheriting anything , our savings a/o anything that might have been left over for our kids after we die is currently being reduced by the need to subsidize our parents. Soo, is that kind of a reverse inheritance?

 

[indimom]

Expecting no inheritance. We save for ourselves. We have close ties with both sets of grandparents as we all get along and live in the same town. We have gotten help from them over the years. Things like babysitting on date nights, taking the kids to the doctor so we don't have to take off work, manual labor when we moved homes, etc. But we don't vacation together and are not gifted vacations, and they don't buy necessities like school supplies for the kids. I would not consider that the "norm" at all around here.

 

[An_Island_Girl]

Luckily my parents a big savers, but after my grandmothers' death this past fall, she left her entire estate property (7 waterfront homes total) and 6 million to her church. My mother still received 500K, but is paltry in comparison.

Expect nothing, and be grateful for anything you do receive... this experience has taught me a lot!

 

[BuzznBelle'smom]

I don't understand why anyone would expect a large inheritence, unless there are trusts involved. Even someone of ample means, or a small business owner, is only one lawsuit away from losing it all if it's not protected.

Keep in mind, a business may be valuable, but if the owner dies, taking his intellectual property, it may have less value. Often, a business has to be sold to pay estate taxes. It's just not as simple as "Grandpa dies and I get some money".

Now, it's possible that some families are fully aware of preparations for inheriting, and therefore know they don't have to save as much. For example, my MIL set up college trusts for all her grandchildren. Ergo, DH and I don't save for college. But, we see the statements that have the accounts, and the money belongs to the children. OTOH, DH and I save quite a bit for retirement.

I try not to make judgements about how much other people spend. It's just not productive. Some people get cash gifts from relatives, some get free babysitting, some get a free college education. It's not fair--dem's da breaks.

 

[ilovepete]

I've never expected to get an inheritance from any of mine or DH's parents or our grandparents, I just don't think like that. So, yes, we save for ourselves and don't count on getting anything from anyone.

 

[lattemomof3]

I live in Wisconsin and I know lots of people that have cottages up North. Including my parents.
I hate going, they owned it for over 20 years.
And theirs isn't a cottage it is a 2nd home.
Everyone ends up getting swimmer's itch,
my sister's act like it is their's, they claimed the bedrooms for themselves and their children.
And if you happen to be outside, while they are inside vacuuming or doing dishes, they yell about you being outside.
It isn't a vacation to me, give me WDW any day over a cabin or cottage on the lake.

To answer the OP's question-I am not relying on any inheritance. I'll be working till I"m 72 and hopefully I will have enough for retirement. I actually am opening up a 403B at the start of the Fiscal Year. I negotiated a pay raise and my employer is paying into the 403B for me, because I don't take Health Insurance. I should of insisited upon this 20 years ago, when I started. I was to dumb and always stayed on my dh health insurance plan.

I never thought about it from that perspective! I guess if it meant I'd have to vacation w/ a certain SIL, I think I'll count as part of my blessings that we DONT have a family cabin.

 

[meriface11]

we save on our own and don't expect anything. i just lost my father, and hope that my mom will be ok without me or my brother having to financially care for her. she should be ok, but if she lives a very long life, which is probably not likely due to her family history and own health, one of us will have to take care of her. my DH's parents have money, but not counting on anything from them either. his sister has 4 kids(1st and then natural, spontaneous triplets) and we don't have any, so my guess is they will probably leave everything to their grandchildren. besides, they are both very healthy, still working in their late 60's, and will probably outlive DH and I both!

 

[ruadisneyfan2]

We feel very fortunate that our kids have all 4 grandparents still alive & married a jillion years. I lost 3/4 grandparents by the time I was 12. We tell our parents to enjoy their retirements. They worked hard and deserve it.
My parents have a shore house, not a cottage, it's more than twice the size of our house, but they may just need that equity sometime down the road. I don't count on any of it nor do I count on social security. By the time we retire that probably won't be enough to cover our cable bill.

 

[HeyIt'sMe]

My DH is an only child and his parents did pretty well for themselves --- not millionaires by any means but very financially stable. My DH's father passed away earlier this year and my MIL is very well taken care of. I know one day my DH will get whatever my MIL leaves him but I don't even factor that into our savings plan. My MIL may live to be very old (God willing!) and use up alot of the money or she just may decide to really enjoy her golden years and spend it on herself - which she should! She worked hard for 40 years and deserves to enjoy herself.

 

[ilovemk76]

We save for our own future. We live within our means.

My parents are in their upper 70s and in great health. What they choose to do with their money when they pass is up to them. I'm not counting on anything.

My one sister is in debt up to her eyeballs. She's obsessed with money and what my parents don't do for her. She complains about how "everyone" she knows has parents who give them money, take them on vacation, buy cars, buy school clothes, etc. My parents don't do that. Every single time she speaks to me, it always turns into the whole pity me for not getting money from my parents thing.

DH's parents passed away several years back. His mom passed first. When he dad passed, the will stated that all his money went to the woman who helped care for his wife before she passed. It's his money, so be it.

I've always saved for my own future all by myself.

I have found when a person says this they are just trying to manipulate others.


We will inherit nothing and plan on leaving others nothing. We will have the retirement we saved for and will enjoy it.