"At 29 years old, this Redditor has no kids and admits to having grown up pretty middle class with their family. While growing up, they had one home, no fancy cars and only went on one annually, so very much a typical middle class family. However, where things get interesting is that the Redditor's father sat them down recently and acknowledged that there is a little more wealth than they had let on initially."
"The parents had been investing a lot of their earnings over the years, and having recently retired, they are now in a position where their money is growing pretty well, allowing them to retire and live off $150,000 per year just from interest."
A 29-year-old with a middle-class upbringing learned that their parents invested heavily and have accumulated substantial wealth. The parents recently retired and live off approximately $150,000 per year generated by interest. The newfound wealth suggests a potential multi-million-dollar inheritance for the child in the future. Any inheritance remains uncertain until it is actually deposited into a bank account. The recommended approach is to continue living and planning as if the inheritance will not arrive, and to develop a protective, well-considered plan for the assets once they are received.
Read at 24/7 Wall St.
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