A couple in their mid-40s had three kids and earned $300k a year together. After a cancer scare, they sat their children down to let them know they wouldn’t be leaving them an inheritance. They wanted to live life to the fullest, partying until they died. But now their kids are mad they didn’t tell them sooner.
They Had Three Kids
The man said, ‘My wife and I are both in our mid-40s and work full time. We have three children (20F, 17F, 11M).’
He And His Wife Worked Hard
Over the years, the couple worked hard to give their children a wonderful life. The husband said they weren’t rich and didn’t live a luxurious life beyond their means, but he and his wife earned $300k a year.
They Could Have Given Their Children A Fortune
If they followed the traditional method of most working Americans, the pair could work 25 years or so, retire in their late 60s, and provide their children with a large inheritance. But they didn’t want to do it.
It Was Time To Use Their Fortune Finally
The parents didn’t want to give their children money and planned to use it for extensive traveling. They, of course, would set aside a rainy day fund just in case of an emergency, but everything else would go towards an incredible retirement.
His Kids Would Sit Twiddling Their Thumbs
The man and his wife had worked hard to get to where they were in life and wanted to take a breather and reap the rewards. Plus, they didn’t want their kids sitting around, twiddling their thumbs and waiting for them to die so they never have to work again.
It Was Almost Time
The man said, ‘So our plan is to retire about the time our son graduates high school.’
They Were Going To Burn Through An Entire Fortune
With only a few years before their son’s graduation, the man and his wife were starting to get serious about their dreams. They will have saved enough money to live comfortably, travel, and happily burn through all their savings. The children would be left money in their will if there was any to spare…
No Handouts
The parents had never spoken to their kids about this, only letting them know that they wouldn’t be getting any handouts when they were adults. They agreed to pay half their school fees, and that would be the last big sum they’d provide. It was their money, and they could give it as they pleased. But when the husband had a cancer scare, his oldest started asking questions.
He Had A Cancer Scare
The husband discovered that he had a precancerous mole and, fortunately, was fine. But questions started arising. His 20-year-old daughter asked about her parent’s plans for the future. This is when they told their kids they wouldn’t get anything. Of course, his daughter was upset. She claimed the most significant blow was because they hadn’t told them sooner.
Their Kids Were Mad
His oldest told their other kids, and everyone was immediately concerned. But the husband said it was none of their business; they shouldn’t have even had to tell them. But he started feeling strange. Was he in the wrong? He asked the internet for advice.
The Internet Provided
One person said, ‘At least make sure you have enough money that you’re not actually dependent on your kids if you get sick.’
Others Chimed In
Another commented, ‘You sound like every father that bought their kids love and now thinks it’s the only thing they value.’
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