it's going to get really weird when half the Millennials who made it financially did so because mom and dad both died
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i think about half the people I know are going to get a small fortune when their parents die and the other half are going to get mom and dad's medical debt
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Replying to @haircut_hippie
And a lot of that will depending on timing and swift heart attacks vs. clinging to life/drawing down the nest egg
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Replying to @MoustacheClubUS
yes; my dad's death (3 years, ALS) would have bankrupted me if he hadn't been rich to start out. my mom's manner of death may literally determine my brother's financial future
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Replying to @haircut_hippie @MoustacheClubUS
of course, in my dad's case he had an MD and was reasonably aware of the many, many futile interventions that he didn't want. if he'd been a lawyer or a physicist (his two prior career attempts)? we might be out hundreds of thousands more
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Replying to @haircut_hippie
When my dad's first wife died suddenly, sooner than expected from MS, he and my half brother got a real windfall. But through machinations I never fully understood, my half brother got all of the dough after we sold the car dealership and my dad started getting chased by the IRS
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Replying to @MoustacheClubUS @haircut_hippie
I wound up supporting the old man as soon as I could work, until he moved to Montana with a well off woman who supported him until his death. His brother, a diplomat, left surprisingly little when he passed at 57 -- he was counting on the pension
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Supposedly those two were "up from poverty," but regardless of what they accomplished, they left no legacy beyond offspring
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