<prompt> Human: So heres my situation:Im a 45 year-old university professor on a 10-month contract. My wife is a stay-at-home mom. I make enough to support my family of six. We own our home outright and have no mortgage. We have no other debt. I have enough in retirement right now that, even if I never saved another cent, I would have enough 12x my annual income to retire at 65 using very conservative investment returns. What I would like to do is cut my hours down to an 8-month contract. This would mean not only a 20,000 drop in yearly income, but would also probably mean a drop in chances for large raises - my bosses would probably see that I was just interested in putting in the minimum amount of work. But I really dont care - Id prefer to have more time to do the things I want to do while Im young and healthy. Heres my question. What kind of obligation do I have to my kids to provide a substantial inheritance? One of the reasons Im in the financial position Im in is because of help from parents and grandparents. For those of you seeking to retire early, does this ever cross your mind?  <response>: Im a kid who wont receive a dime for an inheritance. Teach your kids the value of hard work, ethics, and how to be wise in personal finance. While its not a bunch of money, it will allow them to earn a bunch of money. 