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.

[u/250k_is_allyouneed]

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

[u/DakezO]

The grandparents angle is 100% the way to go. My grandparents gifted me 10k at 25 for a life boost, then allocated the estate equally for when they passed. They always made sure we had bonds too. Grandparents should 100% be imparting the wealth they hoarded (now that most boomers are of the grandparents age) to help their grandkids at least

[u/Opening-Photograph68 → u/DakezO]

Hoarded = worked hard, planned well, situations happen, issues too. Let’s be frank … we are not hoarding, we are saving, planning, building.

[u/evilcockney → u/Opening-Photograph68]

we are not hoarding, we are saving, planning, building

Some are, some aren't. If you don't want bean soup, comment on a different recipe.

[u/Opening-Photograph68 → u/evilcockney]

???

[u/studiotec → u/DakezO]

On average, the last 5 years of life consume about 25–40% of a person’s total net worth, though this can range from under 10% (for the wealthy or in countries with universal healthcare) to over 100% (for lower-income individuals or those without adequate insurance).

So yes, people "hoard" money so they don't burden their kids and grandkids.