An Early Inheritance Feels Weird
But My Parents Insist
Here’s my question!
My parents are in their sixties and are downsizing to a smaller home and lifestyle. As a result they’re freeing up a lot of money and want to give my brother and me a financial gift of around $15,000 each.
It’s a really generous gesture but it’s stirred up a lot of feelings inside of me.
First, it makes me realize my parents are getting older which is a little scary. But most of all I feel a little strange about taking the money. My parents have worked hard all their lives and have really scrimped and saved to get by. Both my brother and I are financially responsible and don’t have any debt – or children.
Our parents’ money would be very helpful and make life easier but I actually feel a bit weird about spending it knowing how hard they worked to accumulate it in the first place. Should I keep the money in stocks and shares or use a portion of it to have some fun?
Do my feelings make any sense – and what would you do with the money?
Rachel in New York
Thanks so much for dropping by with your question. You’re grappling with a couple of different things here, the practical side which is about the money and the emotional side, which is coming to grips with the fact that your parents are not going to be around forever. So here’s what I would do.