Hi Mustachians, I need some advice.
I'll open by saying that even talking about inheritance is giving me some guilt and class angst, since my parent's financial situation has changed so much for the better since I was a kid, so it's still strange to me that I'm in this incredibly fortunate situation. In any case, my parents, through very smart Mustachian skills, now own their home without a mortgage. It is located in a very desirable city with a historically strong real estate market. They are equal part-owners of the home, and in their trust I am the beneficiary of each half. They did this half thing because even though they are pretty young, early 60s, my mom was recently diagnosed with brain cancer and she is worried about my father making poor financial decisions after she's gone (namely, what will happen to his assets if he remarries).
I'm sort of in the beginning stages of crunching the hard numbers to determine what kind of 'stache my wife and I would need to attain FI. We're newlyweds, hopefully will be becoming parents soon, going through major career transitions, etc, so I haven't been able to pin down a FI magic number since so much is changing for us. But my question is, how much of this projected future inheritance factor in to how I tally up our assets and plan for the future?
My hardcore Mustachian side is saying that nothing is ever guaranteed until its in hand, so I should just plan as if the inheritance does not exist at all. But the reality of the situation is that, barring any unforeseen insane weird new development, even in the worst case scenario, I will be inheriting a sizable asset sometime in the next 15 years. I just want to be super sure that I don't become reliant on this idea. I mean, that probably won't happen, since Mustachianism comes naturally to my core being, but... still... The other part of the scenario is that I would much rather live in the house once I inherit it (the school district is amazing) instead of selling it, but my wife is not terribly enthusiastic about that idea, so who knows what will happen.
Thanks for weighing in on my increeeeedibly privileged question.... :). Good things happen when Mustachians raise Mustachians.