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massinstall | 2 years ago

Reality check: 'average' people do not get inheritances of such significance.

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Damogran6|2 years ago

I haven't researched the actual numbers...but isn't that kind of sad?

We may get two more, not near as sizable as the last one...and if we manage things right, my kids will get some, too.

It doesn't take hardly any money at all if you start early enough. $100 a month becomes $320k at retirement. (yes, handwavey tax implications, but still, 100 a month at 7% for 44 years is $320k)

panopticon|2 years ago

Yeah, the median household receives ~$12k in inheritance (average is $46k). And that's lifetime inheritance, so it's spread over several years.