|
|
06-08-2015, 05:57 PM
|
#101
|
Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
|
Not really, I just assumed he penned a 5 year contract with Barcelona or Real Madrid.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
06-08-2015, 08:21 PM
|
#102
|
Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
|
Delete
|
|
|
06-08-2015, 09:57 PM
|
#103
|
Full time employment: Posting here.
Join Date: May 2014
Location: Lakewood
Posts: 920
|
Quote:
Originally Posted by eta2020
Well to maximize all benefits one should just quit at 50....have enough money to last till 70 and then collect 3k plus in SS.
This will work out perfectly for high earners since they do not increase their SS benefits much by working after 50.
So I would say 2 Million will do in this bare bone plan where you leave this world exactly as you entered it....that is with nothing and yet live pretty comfortable life from 50 to maybe 90.
|
This pretty much my exact plan, except I figured I'd wait until 51.
__________________
Why be normal when you can be yourself?
|
|
|
06-11-2015, 02:24 PM
|
#104
|
Recycles dryer sheets
Join Date: May 2013
Location: The Villages
Posts: 92
|
I would take a million off the top to add to what I already have, do a little landscaping around the house for additional privacy, and give the max tax-free gifts I could to my step kids, niece, nephews and 529 plans for the 5 grandkids. With the rest I would set up a charitable trust.
As far as investments, Vanguard index funds or ETFs. Total US. Stock Market, Total International, Total Bond, and the new EM and Global bond index funds. Probably 60/40 stocks to bonds.
|
|
|
06-11-2015, 04:36 PM
|
#105
|
Full time employment: Posting here.
Join Date: Aug 2013
Location: https://www.google.com
Posts: 750
|
Haven't seen a lot of (forthcoming) details since the OP's initial posts.
Maybe those lotto numbers didn't match after all?
|
|
|
06-11-2015, 10:17 PM
|
#106
|
Recycles dryer sheets
Join Date: Aug 2014
Location: Western Canada
Posts: 393
|
Quote:
Originally Posted by hesperus
Haven't seen a lot of (forthcoming) details since the OP's initial posts.
Maybe those lotto numbers didn't match after all?
|
What, the winner is always 419.
__________________
I'm not crazy. Honest, the judge had me tested.
|
|
|
07-06-2015, 04:55 PM
|
#107
|
Confused about dryer sheets
Join Date: Jun 2015
Location: Boulder
Posts: 4
|
Quote:
Originally Posted by packrat44
What is a "lightning trust" and how does it eliminate gift tax?
Can a person directly pay off the debt of the parents without giving the money directly to the parents and not have to count that toward the total lifetime exclusion?
|
Quote:
Originally Posted by EastWest Gal
I googled "lightning trust" and didn't come up with much. Does such a thing exist? A trust doesn't avoid gift tax anyway. And who is the person you call "my guy"? I'm getting skeptical of the premise of this whole thread.
Sent from my iPhone using Early Retirement Forum
|
"Lightning trust" was just short hand for what many people call the "Sheldon Adelson loophole." Nothing illegal or shady. I should have explained that more clearly.
Quote:
Originally Posted by haha
People on this thread are either the nicest or the most gullible people in the word.
The whole idea of a rich young person seeking advice from an Internet board is downright crazy, and imo is very unlikely to be what is going on here.
Ha
Sent from my iPhone using Early Retirement Forum
|
Quote:
Originally Posted by Gumby
I vote for nicest.
|
Forgot about this thread until I perused my spam mail and this thread showed up with a unique email for every reply..
For those asking why I didn't follow up, I sorta tapped out after I read this from an administrator.
No harm no foul. I knew the math of making a thread like this wasn't in my favor. I figured once I logically explained that the truth value of my posts is irrelevant from the forum members' perspective that maybe I'd avoid this type of stuff. Didn't happen. No biggie.
I posted this thread almost verbatim on another forum with several verified members who know me personally. I was able to piece together a lot of precious details in that thread, details which had been confusing to me.
I see (free!) advice from financially-minded strangers to be a resource worth pursuing. I think mocking the utility of "some rich kid seeking advice from an internet board" to be (ironically?) naive.
Be well folks, and thanks for the good advice!
|
|
|
07-06-2015, 09:06 PM
|
#108
|
Full time employment: Posting here.
Join Date: Aug 2013
Location: https://www.google.com
Posts: 750
|
Before you go, do you mind posting a link to the other thread you mention? Out of curiosity I'd really like to see what other forums had offered you...
thanks,
|
|
|
07-07-2015, 05:27 AM
|
#109
|
Dryer sheet wannabe
Join Date: May 2014
Posts: 15
|
Quote:
Originally Posted by austinn
24 million windfall. Single. Early 30's. Parents alive, want to help them.
Be as specific as you want as to what sounds reasonable, or exactly what you would do.
|
What would I do ........................... not spend time on an internet forum for advise
|
|
|
07-07-2015, 06:21 AM
|
#110
|
Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
|
bogleheads has an article about windfall management.
Managing a windfall - Bogleheads
Get professional help - finding CFA and CPA!
__________________
May we live in peace and harmony and be free from all human sufferings.
|
|
|
07-07-2015, 06:33 AM
|
#111
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,715
|
Quote:
Originally Posted by austinn
For those asking why I didn't follow up, I sorta tapped out after I read this from an administrator.
|
Not sure how Gumby 's post "tapped you out" , but the folks here are the nicest.
Quote:
Originally Posted by austinn
I posted this thread almost verbatim on another forum with several verified members who know me personally. I was able to piece together a lot of precious details in that thread, details which had been confusing to me.
|
If you found what you were looking for, congratulations and good luck.
Quote:
Originally Posted by austinn
I see (free!) advice from financially-minded strangers to be a resource worth pursuing. I think mocking the utility of "some rich kid seeking advice from an internet board" to be (ironically?) naive.
|
We are friendly, but also naturally skeptical. Personally, I think it's a virtue that serves us well. Sorry you weren't able to find your way past it, there were many helpful responses.
|
|
|
07-07-2015, 07:39 AM
|
#112
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
|
To be fair, there has to be a level where seeking free advice is viewed with skepticism.
What if a user called Paul.Allen showed up and asked how he could invest/live on 17 billion or what would be a safe SWR?
|
|
|
07-07-2015, 07:49 AM
|
#113
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,419
|
Quote:
Originally Posted by Fermion
To be fair, there has to be a level where seeking free advice is viewed with skepticism.
|
There might be an unnaturally high level of skepticism in this forum's DNA.
It might be what kept us away from the likes of Madoff (and all the other scammers highlighted on "American Greed") and helped get us to get to FIRE in one piece.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
|
|
|
07-07-2015, 08:22 AM
|
#114
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,891
|
Quote:
Originally Posted by marko
Quote:
Originally Posted by Fermion View Post
To be fair, there has to be a level where seeking free advice is viewed with skepticism.
|
There might be an unnaturally high level of skepticism in this forum's DNA.
It might be what kept us away from the likes of Madoff (and all the other scammers highlighted on "American Greed") and helped get us to get to FIRE in one piece.
|
Absolutly - I'd rephrase Fermion's post as:
To be fair to yourself, any advice should be viewed with skepticism.
-ERD50
|
|
|
07-07-2015, 08:34 AM
|
#115
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by marko
There might be an unnaturally high level of skepticism in this forum's DNA.
It might be what kept us away from the likes of Madoff (and all the other scammers highlighted on "American Greed") and helped get us to get to FIRE in one piece.
|
It may also be regional. I tended a farm fruit and vegetable stand on my GP's farm from age 8-10. This and other early experiences taught me to act like I believed most anything, but truly believe damn little. On an internet board the acting can be dispensed with.
In real life, which I admit is pretty different from internet forum life, I wouldn't believe anything this character says. How about "verified members", or "Ï was able to piece together a few precious details" doesn't this just reek of a script, and a script designed for pretty slow-witted people?
All things are possible, including Lourdes cures, but some things have to be seen as highly unlikely.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
07-07-2015, 09:45 AM
|
#116
|
Recycles dryer sheets
Join Date: Jun 2014
Posts: 337
|
The only thing missing from this thread is popcorn!
|
|
|
07-11-2015, 08:01 PM
|
#117
|
Administrator
Join Date: Apr 2006
Posts: 23,038
|
Quote:
Originally Posted by MichaelB
Not sure how Gumby 's post "tapped you out" , but the folks here are the nicest.
|
It is a mystery to me as well. OP sounds like he won't be back, but I'll put this out there for those who might still be reading:
We have a private message function on the board. If something really annoys you or feels like a personal attack, especially something that is not particularly clear, why not PM the offending poster to straighten things out? Sometimes, it is merely a misunderstanding, with no criticism or slight intended. Just assuming the worst and acting on that assumption won't help either you or them.
__________________
Living an analog life in the Digital Age.
|
|
|
07-12-2015, 11:23 AM
|
#118
|
gone traveling
Join Date: Apr 2011
Posts: 3,375
|
Where do you stand to catch such windfalls? E.g., coordinates, direction relative to wind, time of day, etc. Thanks.
|
|
|
07-12-2015, 08:31 PM
|
#119
|
Recycles dryer sheets
Join Date: Aug 2014
Location: Western Canada
Posts: 393
|
Nigeria?
__________________
I'm not crazy. Honest, the judge had me tested.
|
|
|
07-14-2015, 06:37 AM
|
#120
|
Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
|
A dorm room.
For example one where Bill Gates also is. In 1976 or thereabouts. Wind direction unimportant. Stanford campus.
Or Harvard around 2003, near where Mark Zuckerberg was.
1982 Stanford might have worked as well.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|