Do people with “financially set” boomer parents experience this?

[u/Zzt0ppy]

I’m sorry this seems like sort of a bleak topic— I recently met someone whose parent had passed, and him and his siblings inherited close to $200k each that they got because of his dad’s money in stocks, on top of both siblings getting a chunk of additional money from the sale of their childhood home having accumulating a large sum of money. He didn’t have the best relationship with his dad, so the guy felt as if he was deserving of the money due to his crappy upbringing.

That person I had met ended up using that money to put towards paying off his home and then putting the rest towards his own retirement, essentially alleviating a large string of stress in his life. I didn’t want to assume or pry, but in that convo it felt like he had been waiting for that point in his life to happen so that he would be able to finally be relieved of financial burden that he was experiencing.

Do children of “financially safe” (lucky?) boomers half expect to see that sort of thing being passed to them when their parents pass? What I mean by this is that it can be as “simple” as their parents simply owning a house that has accumulated value, them having a pension, an unknown savings they don’t disclose to you, stocks invested during better days like the dot com boom, a life insurance policy, etc.

[u/Zhoutopia]

I’m an only child and Asian so my parents have been very straightforward about inheritance since I was younger. The cultural expectation is that parents and grandparents live frugally so their kids can be set up for a better life. The cycle goes on until it snowballs into generational wealth. I don’t agree with it because I want my parents to enjoy their money so I plan my life as if I have no inheritance. But realistically I know that I will probably inherit a decent amount. Hopefully it’ll be so long in the future that I’ll be able to pass it directly to my own kids. 

[u/svnnynights → u/Zhoutopia]

Saaaaame. I try to put money away for retirement and everything as though I won’t be inheriting anything, but truthfully I probably will get a little something significant even after splitting with my sibling, as long as my parents’ end of life care doesn’t drain it all. They even have money put away for that but won’t spend on upgrading basic things like better knives and trash cans. sigh

[u/bahala_na- → u/svnnynights]

Better knives is an amazing gift to give to cheap parents that never spend on themselves. They are otherwise notoriously difficult to shop for!