I have no numbers to offer, actually.
Last edited Wed Jul 21, 2021, 09:54 AM - Edit history (1)
I know exactly what my late parents' assets were. While they were substantial from my point of view and from my sister's point of view, they were finite and limited. At the estate's executor and trustee, I'm nearly at the point where all assets have been captured and distributed to their estate's beneficiaries. In toto, they amounted to just into 7 figures. Several beneficiaries received fixed amounts. I and my sister divided the rest equally.
The result is that I and my wife are now out of debt altogether, with enough left to pad our retirement incomes for a decade or so, as long as we live frugally. We bought a house at the bottom of the housing market, which will be partly offset by selling our previous home, which is also at the bottom of that market here. No vacation home. No fancy car. No frills. We just get to relax a little in our 70s. That's all.
My sister's health care needs will be met for however long Alzheimer's lets her live.
That's it. That's what I meant. We're not wealthy now, but we weren't before, either. We're just a little more secure.
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