<prompt> Human: I am just getting out of college and starting a job. I am contemplating not investing in my 401k and IRAs because when my parents expire, I will be put in charge of a 10 million maybe more, hopefully not less trust fund.I will probably contribute that extra money partially to a business I am starting and partially to alcohol and partying. I dont see any of that money until they die. Large expenses weddings and houses I can charge to my parents accounts, but other than that I am on my own.Fortunately, my parents are about 50 yo and I am 20. What investing advice does rpersonalfinance have for ppl in my position?  <response>: No offense, but you really do sound like a trust fund kid - and not really in any good way. The only one Ive known did put a lot of money toward alcohol and partying ... strangely, that all petered out as he and his friends got older, and he is now really morbidly fat and forever alone lots of ladies earlier, now not so much.My advice: behave as much as possible like the people around you who you enjoy - get a job, save for retirement, and assume this windfall might not happen e.g. your parents get sued, live really long, spend it all at the end or give it away, etc.... It will probably help you shape a happier life for yourself, whatever happens with the money. 