I didn’t get the sense that Mark was worried about getting paid, he just appeared to be making a “ things aren’t always what you see” comment, based on how these supposedly well off people were needing to wait for their next paycheck.
It’s smart that you set it up before you retired. Once you have retired, it can be very difficult to qualify for a HELOC even if your home is completely paid off.
Look at it this way, now that you saved all the money on the new car you can splurge and get the central air conditioning you were looking at last week.
Money is a very personal thing and you need to do what you feel is correct for you and yours, but understand that they already have a fairly close idea of what you have already. Not sure I agree that they may act differently, I feel you raised them right and based on your generous contributions to their children's account over the years, owning 2 homes, etc... they know to expect a fairly generous inheritance. I don't think that knowing the amount is going to make a difference and it is not what I would do, but there is no wrong answer to this question.
We have always shared our net worth and investable assets with our boys since they were in their 20’s. One is a PA and the other finishing up on becoming an electrician and are co-executors of our estate.
They know where our wills and all other relative forms are, also our main password for our password manager to get into all of our accounts ( over 160 right now ). We sort of keep them updated throughout the year, but know the only thing they have to remember is all this is in our SDB, which they both have access to.
And we keep them informed of any major changes such as us taking SS in 3 and 11 years respectively. I’ve seen and heard too many horror stories from people who have been executors and not even knowing where to start when a loved one passes,and don’t want them having to go through it themselves.
I am actually going to buy but not until the first financials come out after the IPO. I expect their stock price will be down quite a bit after 3-6 months once the hype is over.
Figure I’ll put in apx 2% of my investable assets, so just enough to dream without sacrificing too much. Put it in my Roth account and it will sit there the next 20-30 years and if it does real well my boys will be happy!
Hi Dana, A word of advice, those grills are not that good, they are actually pretty good for the gas part,
but the smoker and charcoal not so much. Actually bought a Weber for gas because they will last forever if you take care of it, mine is 10 years old and still going strong.
If you have the room I would get all 3, that’s what I did and it gives you a different option every night!
The rest of the setup sounds great!!
Yes, but before I do that is it ok to post a business name on here?
Unsure of the rules and don't want to be doing something I'm not supposed to. Moderator-- are we allowed to do this?
Comments
I didn’t get the sense that Mark was worried about getting paid, he just appeared to be making a “ things aren’t always what you see” comment, based on how these supposedly well off people were needing to wait for their next paycheck.
Post: Behind The Finery
Link to comment from September 3, 2026
Ha! Faint of heart is an understatement! This is another reason I have someone smarter than me do my taxes.
Post: Tax Complications – How SS Benefits interact with Other Income
Link to comment from August 19, 2026
Just spent $1200 on tickets to the Final Four in April for nosebleed seats, well worth it and would do it again!
Post: FIFA Financials
Link to comment from July 20, 2026
It’s smart that you set it up before you retired. Once you have retired, it can be very difficult to qualify for a HELOC even if your home is completely paid off.
Post: Thinking of a possible reason to tap Roth earlier then planned
Link to comment from July 8, 2026
Look at it this way, now that you saved all the money on the new car you can splurge and get the central air conditioning you were looking at last week.
Post: Tempted by the Shiny and New: Another HD Car Post
Link to comment from July 3, 2026
Money is a very personal thing and you need to do what you feel is correct for you and yours, but understand that they already have a fairly close idea of what you have already. Not sure I agree that they may act differently, I feel you raised them right and based on your generous contributions to their children's account over the years, owning 2 homes, etc... they know to expect a fairly generous inheritance. I don't think that knowing the amount is going to make a difference and it is not what I would do, but there is no wrong answer to this question.
Post: Time to share our financial info with children?
Link to comment from June 7, 2026
We have always shared our net worth and investable assets with our boys since they were in their 20’s. One is a PA and the other finishing up on becoming an electrician and are co-executors of our estate. They know where our wills and all other relative forms are, also our main password for our password manager to get into all of our accounts ( over 160 right now ). We sort of keep them updated throughout the year, but know the only thing they have to remember is all this is in our SDB, which they both have access to. And we keep them informed of any major changes such as us taking SS in 3 and 11 years respectively. I’ve seen and heard too many horror stories from people who have been executors and not even knowing where to start when a loved one passes,and don’t want them having to go through it themselves.
Post: Time to share our financial info with children?
Link to comment from June 6, 2026
I am actually going to buy but not until the first financials come out after the IPO. I expect their stock price will be down quite a bit after 3-6 months once the hype is over. Figure I’ll put in apx 2% of my investable assets, so just enough to dream without sacrificing too much. Put it in my Roth account and it will sit there the next 20-30 years and if it does real well my boys will be happy!
Post: SpaceX IPO: Is Margin Optional?
Link to comment from June 4, 2026
Hi Dana, A word of advice, those grills are not that good, they are actually pretty good for the gas part, but the smoker and charcoal not so much. Actually bought a Weber for gas because they will last forever if you take care of it, mine is 10 years old and still going strong. If you have the room I would get all 3, that’s what I did and it gives you a different option every night! The rest of the setup sounds great!!
Post: Retirement Toys
Link to comment from May 5, 2026
Yes, but before I do that is it ok to post a business name on here? Unsure of the rules and don't want to be doing something I'm not supposed to. Moderator-- are we allowed to do this?
Post: Financial Planning
Link to comment from April 13, 2026