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14-06-2021, 10:23 PM
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Senior Member
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Join Date: Jun 2009
Posts: 45
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How much money would you leave to your children?
If you have $1m when you retire, how much do you plan to leave to your children?
What if you have $5m? Or $10m?
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21-08-2021, 10:50 PM
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Huh? Don’t give to children then give to who?
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09-12-2021, 08:22 PM
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Quote:
Originally Posted by Unregistered
Huh? Don’t give to children then give to who?
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Donation lo
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22-03-2022, 12:57 PM
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Quote:
Originally Posted by Salary.sg
If you have $1m when you retire, how much do you plan to leave to your children?
What if you have $5m? Or $10m?
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$1m to retire is not really a lot actually. may not even have leftover to leave to children.
for me & wife, we are targeting to build up to $10m net worth by retirement, hopefully before 55.
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23-03-2022, 05:51 AM
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I will set up a trust fund (you only need $1 million to do that) and give instructions to invest using a robo-advisor or S & P 500. The average returns will more than cover the fees for the trust fund and allow the fund to grow. Then the trust fund will help to fund my descendant's education and help them when a recession occurs or pay deposit for a modest home.
If I leave everything to my children and descendants and they marry and get divorced, the assets will be split due to Women's Charter. Or they may 败家 and squander all of it away, which is what happened with the Vanderbilts in USA.
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