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Search: Posts Made By: Gekko
Forum: Life after FIRE 12-30-2007, 07:26 AM
Replies: 39
Views: 3,936
Posted By Gekko
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...
Forum: Young Dreamers 12-26-2007, 01:11 PM
Replies: 127
Views: 21,399
Posted By Gekko
At 31, had recently married and started career in...

At 31, had recently married and started career in my late 20's. Had negative NW around -$50K, due to student loans, credit cards, etc. Now at mid-40's, I measure NW in mid-seven-figures. Wish I'd had...
Forum: Young Dreamers 11-25-2007, 12:16 PM
Replies: 85
Views: 12,261
Posted By Gekko
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...
Forum: Other topics 11-18-2007, 03:54 PM
Replies: 13
Views: 1,989
Posted By Gekko
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...
Forum: FIRE and Money 11-18-2007, 09:35 AM
Replies: 45
Views: 6,265
Posted By Gekko
Well, let me help you out a bit here. My income...

Well, let me help you out a bit here. My income is well north of your example. Some of your description fits, while much of it does not.

20 years ago it started out with wife being the saver and...
Forum: FIRE and Money 10-27-2007, 03:41 PM
Replies: 29
Views: 2,764
Posted By Gekko
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...
Forum: FIRE and Money 10-27-2007, 03:04 PM
Replies: 29
Views: 2,764
Posted By Gekko
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...
Forum: FIRE and Money 10-27-2007, 02:59 PM
Replies: 29
Views: 2,764
Posted By Gekko
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...
Forum: FIRE and Money 10-27-2007, 02:44 PM
Replies: 29
Views: 2,764
Posted By Gekko
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,...
Forum: FIRE and Money 10-27-2007, 12:54 PM
Replies: 29
Views: 2,764
Posted By Gekko
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...
Forum: Hi, I am... 10-27-2007, 09:03 AM
Replies: 27
Views: 4,018
Posted By Gekko
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...
Forum: Hi, I am... 10-27-2007, 08:02 AM
Replies: 27
Views: 4,018
Posted By Gekko
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...
Forum: Hi, I am... 10-26-2007, 06:25 AM
Replies: 27
Views: 4,018
Posted By Gekko
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...
Forum: Life after FIRE 10-21-2007, 06:15 PM
Replies: 33
Views: 4,708
Posted By Gekko
Seriously now, do you really think the amount of...

Seriously now, do you really think the amount of money you have makes you more shallow or more stupid or more prone to cheating? Do you believe everything you read?

I think a lot of crap gets...
Forum: Hi, I am... 10-21-2007, 03:54 PM
Replies: 27
Views: 4,018
Posted By Gekko
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...
Forum: Hi, I am... 10-21-2007, 02:46 PM
Replies: 27
Views: 4,018
Posted By Gekko
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...
Forum: FIRE and Money 10-13-2007, 01:25 PM
Replies: 85
Views: 12,461
Posted By Gekko
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...
Forum: FIRE and Money 10-11-2007, 08:01 PM
Replies: 49
Views: 11,962
Posted By Gekko
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...
Forum: Travel Information 10-02-2007, 06:14 PM
Replies: 19
Views: 1,671
Posted By Gekko
All great suggestions... and yes my French is...

All great suggestions... and yes my French is indeed rusty - I remember how to say this stuff perfectly well, but writing it down in a hurry is a whole other matter.
Forum: Travel Information 10-02-2007, 04:18 PM
Replies: 19
Views: 1,671
Posted By Gekko
Okay, sorry, I've got one more thing. Call it my...

Okay, sorry, I've got one more thing. Call it my New Yorker fashion bias, but this is a subject of tourist ridicule in NYC and most major Euro cities:

If you're over the age of 18, leave the...
Forum: Travel Information 10-02-2007, 04:02 PM
Replies: 19
Views: 1,671
Posted By Gekko
Correction: Je ne parle pas beaucoup de France. ...

Correction: Je ne parle pas beaucoup de France.

Clearly my French is rusty.
Forum: Travel Information 10-02-2007, 04:00 PM
Replies: 19
Views: 1,671
Posted By Gekko
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...
Forum: Hi, I am... 10-01-2007, 05:56 PM
Replies: 10
Views: 2,719
Posted By Gekko
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...
Forum: FIRE and Money 09-28-2007, 05:16 AM
Replies: 47
Views: 6,191
Posted By Gekko
I think I'd have to say, I'm definately a piler....

I think I'd have to say, I'm definately a piler. I'm piling it up as fast as I can, with the objective of semi-retirement / career transition in about 10 years at 55. I'm also piling it on as fast as...
Forum: Other topics 09-25-2007, 06:29 AM
Replies: 40
Views: 4,450
Posted By Gekko
That seems like a massive generalization. From...

That seems like a massive generalization. From what info are you drawing - keeping in mind that what you see in the media, for better or worse, is hardly much of an indication of anything.

To...
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