Forum: Life after FIRE
12-30-2007, 07:26 AM
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Replies: 39
Views: 3,936
I would vote for not leaving your son much of...
I would vote for not leaving your son much of anything. However, as others have stated, if you do leave something, don't leave it directly, do it thru a spendthrift trust. It sounds to me like you've...
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Forum: Young Dreamers
12-26-2007, 01:11 PM
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Replies: 127
Views: 21,399
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Forum: Young Dreamers
11-25-2007, 12:16 PM
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Replies: 85
Views: 12,261
Couldn't agree more. I'm not RE'd yet, but I am...
Couldn't agree more. I'm not RE'd yet, but I am FI and could pull the trigger anywhere from right now to 10 years from now. Really just depends on what lifestyle I'd like to have and where I'd like...
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Forum: Other topics
11-18-2007, 03:54 PM
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Replies: 13
Views: 1,989
Hasn't this been the case over the past few...
Hasn't this been the case over the past few decades? Most folks can't retire until they're in their 60's or even 70's. As far as I can tell, that's been a reality for some time now. Maybe the...
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Forum: FIRE and Money
11-18-2007, 09:35 AM
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Replies: 45
Views: 6,265
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Forum: FIRE and Money
10-27-2007, 03:41 PM
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Replies: 29
Views: 2,764
Basically, the survivor will have substantial...
Basically, the survivor will have substantial control of the trusts. The trusts really exist for two reasons: (1) taxes; and (2) In case neither of us survives. If she survives, I trust my wife to do...
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Forum: FIRE and Money
10-27-2007, 03:04 PM
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Replies: 29
Views: 2,764
In our present plan, we each leave each other...
In our present plan, we each leave each other everything. There are some trusts that make sure some assets go to benefit certain family members. But, in general, wife and I trust that if one of us...
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Forum: FIRE and Money
10-27-2007, 02:59 PM
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Replies: 29
Views: 2,764
I knew somebody had to call me petty. That's...
I knew somebody had to call me petty. That's okay, I know its petty, but that's how I feel. Most people don't "need" the money. However strapped for cash anyone might be, they would still survive if...
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Forum: FIRE and Money
10-27-2007, 02:44 PM
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Replies: 29
Views: 2,764
Thanks for all the responses. This is such a...
Thanks for all the responses. This is such a touchy subject. It forces you to start really thinking about and making judgements about your relationships, which ones are true, which are reciprocal,...
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Forum: FIRE and Money
10-27-2007, 12:54 PM
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Replies: 29
Views: 2,764
Question on your estate planning approach
After posting back and forth with Maurice on this topic, I thought I'd start a thread. We don't have kids, we're 40-something, and with insurance proceeds, we'd have a substantial sum to leave...
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Forum: Hi, I am...
10-27-2007, 09:03 AM
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Replies: 27
Views: 4,018
To your point on reduced spend, I think one of...
To your point on reduced spend, I think one of the challenges in general for us is figuring out what our FIRE spend would be. For now, I'm assuming wife would want to replace our income - I'd hate to...
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Forum: Hi, I am...
10-27-2007, 08:02 AM
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Replies: 27
Views: 4,018
Thanks for the response. We have a lot of life...
Thanks for the response. We have a lot of life insurance on me because we are a single income family - my wife could never generate anything remotely close to my income on her own. Also, though we...
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Forum: Hi, I am...
10-26-2007, 06:25 AM
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Replies: 27
Views: 4,018
We have a lot in common. No kids either, so we...
We have a lot in common. No kids either, so we have a little fun spoiling our nieces and nephews. Question for you on estate planning, since you're my long lost twin brother and neither of us has...
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Forum: Life after FIRE
10-21-2007, 06:15 PM
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Replies: 33
Views: 4,708
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Forum: Hi, I am...
10-21-2007, 03:54 PM
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Replies: 27
Views: 4,018
To the points on lifestyle, stress, etc., it's...
To the points on lifestyle, stress, etc., it's something I am constantly reevaluating. In the not too distant past, wife pointed out to me that I was becoming an unhappy SOB and that I either needed...
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Forum: Hi, I am...
10-21-2007, 02:46 PM
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Replies: 27
Views: 4,018
Welcome. I'm also a fellow NYer who recently...
Welcome. I'm also a fellow NYer who recently joined. And congrats on the NW, I think so far your stats are the best I've seen yet, especially given your age. My NW is pushing $4mm, bonus-driven...
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Forum: FIRE and Money
10-13-2007, 01:25 PM
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Replies: 85
Views: 12,461
Thru-out much of my adult life, I've had the...
Thru-out much of my adult life, I've had the opportunity to observe up close and personal, the habits of extraordinarily successful people. And I came away with the same conclusions - however much...
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Forum: FIRE and Money
10-11-2007, 08:01 PM
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Replies: 49
Views: 11,962
Well, I guess I'm the proverbial mmillionaire...
Well, I guess I'm the proverbial mmillionaire everybody is talking about. I have a NW between $3-4mm, age 46, married, no kids, and nowhere near retiring or feeling like I could retire and maintain...
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Forum: Travel Information
10-02-2007, 06:14 PM
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Replies: 19
Views: 1,671
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Forum: Travel Information
10-02-2007, 04:18 PM
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Replies: 19
Views: 1,671
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Forum: Travel Information
10-02-2007, 04:02 PM
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Replies: 19
Views: 1,671
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Forum: Travel Information
10-02-2007, 04:00 PM
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Replies: 19
Views: 1,671
Have a great time. Paris is one of my all-time...
Have a great time. Paris is one of my all-time favorite destinations. By all means attempt a little French. Or at least learn to say (in French) that you do not speak much French (Je ne pas parle...
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Forum: Hi, I am...
10-01-2007, 05:56 PM
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Replies: 10
Views: 2,719
Sounds like you suffer from the same NYC curse...
Sounds like you suffer from the same NYC curse that I do - mid-40's, wife, no kids, seven-figure investment accts and NW, high-six-figure income, no real hobbies or interests outside work. Most...
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Forum: FIRE and Money
09-28-2007, 05:16 AM
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Replies: 47
Views: 6,191
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Forum: Other topics
09-25-2007, 06:29 AM
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Replies: 40
Views: 4,450
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