The kind spammers at financialbuzz.com/dont-leave-an-inheritanceyaddayadda further jammed my already out of control inbox with the above titled article. I found this one interesting because I know our three sons are relying on their third of the 3 figure nest egg on which we subsist to carry them through old age.
But I did wonder what the author of the article, Adam Palasciano, had in mind. He describes himself as a personal finance-obsessed and money-savvy individual who loves to hash out content on all things saving money. He specializes in writing millennial-friendly personal finance content,
Millennial-Friendly says it all. It is mostly no-duh like “Kids may squander the money,” or dumb like “Taking away their incentive to work,” (a subject in which he is probably well versed.
But reason #11 for not leaving your savings to your kids when you die is the best! “You may need money in retirement.” Stupid me, not being a millennial I just assumed after you die your money worries were, for the most part, over.
A better title would have been “15 Stupid Bullet Points Created to Get Me a Payday and Avoid Having to Get a Job or Asking Dad for Another ‘Loan'”
Editor’s Note: This article is an attempt at humor. Fred sincerely apologizes to millennials for the negative inferences directed at them. He does not ascribe to the popular notion that millennials are lazy, entitled narcissists who still live with their parents. He is sure that with careful research one can find a few exceptions to the rule!