I have listened to many of your on-air interviews and read several of your articles over the years. Although I agree with your views on most things, I was disappointed and surprised to read that you believed in spending your children's inheritance.

I don't agree that children will squander an inheritance.

On the contrary, my experience, over several family generations, is that heirs take the responsibility to look after and grow an inheritance very seriously, enjoying the benefits of some additional money while aiming to grow it for another generation.

The reasons I encourage retired people to "SKI", or spend the kids' inheritance, have nothing to do with whether the children will squander the money.

I agree that many families handle inheritances well —


Index returns


Fees are key

Saving rewards