Windfall

[mrc758]

Thanks for all the replies. I funded a DAF with some of the appreciated shares and will let the kids pick a couple of charities as well as DW and I. The thought of that makes me feel good. I'm gonna let a RIA handle some of it and start a 4% drawdown from that. Will keep a 1-2% drawdown on the rest. Have plans to order a Macan GTS soon. I already increased the amount I tip with the whole covid thing.

[jollystomper]

Quote:

Originally Posted by mrc758 Thanks for all the replies. I funded a DAF with some of the appreciated shares and will let the kids pick a couple of charities as well as DW and I. The thought of that makes me feel good. I'm gonna let a RIA handle some of it and start a 4% drawdown from that. Will keep a 1-2% drawdown on the rest. Have plans to order a Macan GTS soon. I already increased the amount I tip with the whole covid thing.

Sounds Great! Enjoy!

[tulak]

It’s a small gesture, but occasionally I’ll pay for the order of the car behind us in a Starbucks drive-thru. I usually do this around the Holidays. Random acts of kindness are fun.

[copyright1997reloaded]

OK, I will be the downer here.
1) Make sure you are aware of the tax ramifications - not just capital gains but also NIIT considerations.
2) If the closing isn't in cash (but rather stock), you don't need to realize the gain
3) if the closing is in cash, but isn't until next year, consider selling some stock this year to spread the capital gain across years.

Other than that, party on.