Comments by "Katydid" (@katydid2877) on "What Happens to Boomers' Money After They Die?" video.

  1. I’m 66. My son is 36, a millennial, but don’t call him that. He doesn’t identify as a millennial. Gen X is from older boomers who are max 79 this year.
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  2. I have to budget to buy groceries, so a cruise is not on my list.
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  3. Get a trust.
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  4. If it pencils you should definately do that.
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  5.  @ada-yw1bb  I am a taxpayer. I’ll get a long term care policy when they cancel Medicaid.
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  6. Some people rather cry in their car on TikTok about how hard it is to work 40 hours, while they sit there with salon nails and highlights, and an $8 coffee in the cupholder of their 1 year old car.
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  7. Should get a trust.
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  8.  @benton-benton  Very true. Tons of videos on YouTube of seniors living in their car or motels in poverty. They’re not passing along anything.
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  9. Oldest boomers, some already gone. Gen X was born ‘65-‘80. Boomers ‘46-‘64.
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  10.  @Wes-Tyler  Nope
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  11. Thank you. I was thinking all this. The “rich boomer” thing is tiresome. Everyone that posts these kinds of videos act like they’re all dying tomorrow, they’re all rich and they’re all giving their kid their houses and the kids will sell them the next day. Not gonna happen.
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  12.  @parkerbohnn  “Cheap” is relative. Lots of people can’t afford $600K for a common suburban ranch.
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  13.  @Toomanydays  Also 66. My grandkids are 3, 6, 10, and 18.
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  14.  @andrewmueller23  Whatever is in the trust is no longer yours, so once you run out of the cash on hand, Medicaid pays the nursing home.
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  15. Who are you talking about?
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  16.  @parkerbohnn  “Pocket change” is relative.
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  17. How’s that?
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  18. How?
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  19. I was in high school in the 70s, but I bought a house in ‘86. 12% interest. It was $95K because it was waaay out in far away suburbs. I lived there 3 years. Today that house is valued at $475K which is truly laughable. It ain’t worth it at all.
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  20. Don’t people get trusts?
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  21.  @jamesarmes3098  An irrevocable trust is no longer my stuff. Taxes are paid on income from the principle like interest, but there’s no taxes on withdrawals of the principle by the beneficiaries. After I use up all my cash, I qualify for Medicaid for a nursing home cause everything else is in the trust.
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  22. Trusts?
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  23.  @KRYMauL  In a house with no mortgage?
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  24.  @watamutha  Born in ‘58. No pension, parents paid for my 2 year degree, I didn’t have insurance back then, and I wouldn’t call a 16% mortgage cheap housing. My Mom was a stay at home Mom, I was also, and now my dil is also and is homeschooling their 4 kids. I didn’t have an inheritance. My Dad worked in a factory.
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  25. 19% of people over 65 in the US continue to work.
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  26.  @eldritchbeauty  Except for the boomers with a trust.
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  27.  @benton-benton  The oldest millennials are 43. Not exactly middle age.
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