re: #458 danarchy
Not necessarily, if they lived frugally to get there and continue to do so in retirement they can easily live off of the income generated off $5 million plus without ever having to touch the principal. Hell, they may even be able to keep adding to it in hopes of passing it on to their kids and grand kids.
True. But I’ll say this: I think there’s a limit to how much you should be able to hand off to descendants. I support the estate tax for that reason. I would set it at college, a car, and a house.