wait til they find out that mom and dad effed thins up so much that the last generation of savers (the Boomers like grandma and grandpa) didn’t leave them squat.
I had no inheritance from my parents. Most of the equity in their house went to pay for her residence at an Alzheimer's care facility during her last two years. What little remained went to a younger brother.
My goal in life, arrived at over 30 years ago is simple: to grow old (older???) and not be bitter over how my life turned out, missed opportunities, $hitty jobs, rebellious kids...you know, it's called life.
So far, so good. Just turned 64, retired at the end of last year. Wife just retired last month, and she's freaking out over the reduced income. I had to sit her down and go over our finances, and it got her off the ledge.
To stay busy, I took a part time job at UPS in their package sort operations at DFW airport. The major benefit is not the extra income, it's the physical activity. Over the past four months, I've dropped 20 pounds and my BP is now considered ideal (104/64).
We did a lousy job of saving money, but raising 3 kids had a lot to do with that (I'm not blaming them, though). With my life insurance and home equity, each will receive an inheritance of over $150,000.
I was tempted to go with a reverse mortgage on the house, though it's my ace in the hole if they really piss me off...lolol.