Anyone wake up and say "How did I accumulate so much?"

[Koolau]

Quote:

Originally Posted by kgtest DF starting "giving" me money in the form of my yearly roth contribution. He can't take it with him. He realizes he has more than he will spend, and will be leaving me with a tax torpedo. Best to enjoy it on the topside before you are 6 feet under.

We are doing the same for our kids. We have "extra" and the kids don't seem to yet understand the power of Roth IRAs - We're hoping they catch on before we are no longer able (as in dead) to assist them. YMMV

[DawgMan]

Wow! Didn't expect a post I started back in April to still have legs!

Fast forward to today, my part time work in 2021 (part of my master plan to start ramping down my business) unexpectedly produced 4 times the income I planned on! Combine that with the market returns and it is amazing to see the power of compounding along with fresh cash... and I am only in boring ETFs, no Bitcoin!!

Turn the page to 2022, and now my focus is on estate planning/tax efficient withdrawals/strategic gifting to kids/Gkids/charities, prioritized first by living a fulfilling life! In addition to finding some new endeavors (volunteer/other) that help me fulfill my A-personality, I need to start training myself to feel comfortable spending $$. For me, I find it to be more challenging than I thought, but am slowly getting there... DW is really good at it!
That said, I am taking my son to the Bama/Dawgs game in Indy... drive out around $5K! That is something I would NEVER have done earlier in my accumulation years, but you can't take it with you, right!