I’d rather pay <a inheritance
Sarah and Geoff Moorhouse have the blessing of their daughter Poppy to spend all their money
Happily retired, Sarah Moorhouse is using her private pension to “go places and do nice things at the drop of a hat.”
While other retirees with a comfortable monthly pension might prioritize building an inheritance for their children, 64-year-old Sarah and her husband, Geoff, have decided to spend their wealth on enjoying life to the fullest.
“We like going to Scotland,” says Sarah, a retired school administrator. “We’ve been down to Cambridgeshire, which was lovely. We go up to the Lake District quite regularly to a holiday cottage, and we’re planning to go to Norfolk.”
The couple, who reside in the Yorkshire Dales, take four or five trips a year, spending hundreds of pounds on each excursion because, as Sarah believes, “you only have one opportunity at life.”
They did recently sell their vintage Sunbeam Alpine sports car, but only to upgrade to a more modern, sporty two-seater convertible: a Mazda MX-5.
“I’m of an age where I’m going to friends’ and acquaintances’ funerals, and I think you just need to live life and enjoy it while you can, because it’s a very precious commodity,” says Sarah.
Sarah and Geoff are part of a global personal finance trend known as “SKIing,” which stands for “spending the kids’ inheritance.” This movement is challenging the traditional expectation that assets will automatically be passed down to the next generation.
