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Strategies & Market Trends : Young and Older Folk Portfolio

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To: Max2.0 who wrote (7798)8/9/2024 7:36:15 PM
From: mrw11g2 Recommendations   of 22066
 
Re: I am not factoring inheritance into my economic plan. A lot can happen and I don't want to count on an inheritance bailing me out.

I never counted on any inheritance. At 91 years of age my Dad had a decent amount of money still in his IRA. However, that last 2 or 3 years of his life cost him (and his wife) a large chunk of the IRA. He used almost 40% of his IRA in those 2 or 3 years before he passed away.

I'm grateful for the inheritance I got. However, it's not much money. It's enough for me to put off collecting Social Security for about 2 years, which helps a lot.

Mike
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