"The original poster (OP) and her husband are both 48 years old and have good jobs and simple tastes. This has resulted in them having a combined net worth of $8.1 million. She said they are thinking about retiring and moving at the end of the year, but she's feeling guilty because she thinks she should continue earning to set her son up with more of an inheritance."
"Her husband thinks that they have provided enough of a head start for their son and it's now time for him to take over and earn his own money. However, she feels guilty and selfish about going off to relax and spend her money - especially since her son is majoring in a field that is a perfect fit for him but that is not going to come with high pay."
The couple is 48, have modest tastes, and possess a combined net worth of $8.1 million while considering retiring and relocating by year-end. Their son is in college, will graduate without student loans, has funds for graduate school, and holds a stock account of roughly $250,000. The husband believes the financial head start is sufficient and expects the son to become financially independent. The parent feels guilty about leaving prime earning years unused to increase an inheritance for a child likely to enter a lower‑paying field. An updated note clarifies that safe withdrawal rates depend on multiple factors and provides an objective view on parental financial support.
Read at 24/7 Wall St.
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