A Redditor believes they will inherit $5 million within the next decade, causing them to reevaluate their retirement savings strategy. However, this expectation can be risky, as inheritance is not guaranteed. The Redditor is currently 30 years old, single, with a paid-off apartment and $50,000 in investments, yet they are not aggressively saving for retirement. Experts advise that regardless of potential inheritance, individuals should prioritize building a nest egg for retirement to avoid serious financial repercussions if the expected funds do not materialize.
This Redditor is confident they will receive $5 million sometime in the next 10 years.
The reality is that inheritance or not, they should already be saving for retirement as if this future money doesn't exist.
Taking the foot off the gas now could have serious repercussions if something goes wrong with receiving this money down the road.
While they make some contributions to a retirement fund for tax benefits, they are not doing it aggressively to contribute the maximum amount allowed under law.
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