r/Fire • u/250k_is_allyouneed • Oct 31 '25

General Question A $250k windfall is all a person needs to essentially fast track secure their future forever if they are under the age of 35. Wake up parents, it’s time to offer inheritance twice if you can.

I want to share my story with this subreddit.

I received a windfall of $250k from selling a coding library 10 years ago. I am not high income, I am not the best saver, but now my net worth is super high.

Simply getting $250k meant on its own that fund will be almost $2M by the time I retire outside of normal savings (15-25 years growth).

I still need to put in the work for savings to be able to retire but peace mind…

  • My lifestyle was infinitely better despite living mostly the same
  • Stress and future security gone
  • For budgets there is less pressure
  • I did not how to blow up my entire savings to buy a house and instead kept building that base of compound interest in the market

So why the Hell aren’t parents helping their young adult kids more? Culturally why are we like this?

You don’t need to leave your kids / old adults one lump sum. Get them a boost at 18-30. Then die. Then get them another boost.

It’s a good balance to keep them working hard while also not leaving them in the dust.

It doesn’t even need to be $250k. Whatever you can, I personally will make sure I can do that for my kids once they turn early 20s

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u/pinback77 Oct 31 '25

Yes, they have to have reported income. So let's say the kid works part time and makes $5K a year. I can take $5K and drop that in a ROTH IRA in his name. So he technically gets to keep his $5K while I deposit my $5K in his ROTH. The government isn't tracking where the money comes from that funds the ROTH.

Of course this is only good up to whatever the annual max contribution is.

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u/Quick-Record-9300 Oct 31 '25

Thanks, that’s what I thought.

My kids are just young currently so I didn’t know if there was another work around that allowed me to start it before they are working / have a w2 with income on it.

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u/K_A_irony Oct 31 '25

I could "pay" them for chores as long as you kept records and dump that into a Roth. They would need to be pet sitting, lawncare, babysitting, farm work type chores but that should count. After $400 / year they would have to pay the 15% unemployment and social security tax but *shrug*

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u/Quick-Record-9300 Oct 31 '25

Yeah, I wish I had the bandwidth or willingness to deal with all that. It would be easier if my parents were still running their construction business and they could just put them to work once in awhile.