My friend told me that he will become a beneficiary of a trust when he graduates from college. He will be receiving around 75k/ year. He still plans to work a normal paying job. In this case, is it necessary for him to save a portion of his income for retirement, or will his trust be able to cover it?
Edit: The fund has about 10 million in real estate collecting rent. It will be managed by his father, so I am pretty sure he will continue to receive funds for the rest of his life. I do not believe there are any contingencies for him to receive money.
Submitted August 21, 2017 at 05:44AM by BigPandaKnows http://ift.tt/2ijTk2k
