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Inheritance

Opinion

Joining the ‘SKI club’: Are you spending the kids’ inheritance wisely? Advertisement

When ageing Australians talk about joining the “SKI club”, they’re more likely to be pondering how to manage their financial legacy, rather than hitting the slopes. This club, discussed in hushed tones by retirees around Australia, refers to “spending the kids’ inheritance”.

I say this in jest, but the reality is many older Australians are wrestling with the right financial options over the last quarter of their life.

If you intend to join the SKI club, make sure you’ve planned for later in life. Credit: iStock

They are weighing the options: spending their hard-earned savings in their retirement years or passing on the majority of their funds in t

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