Okay, so the exemption drops to $7 million so 98.5% will pay nothing

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May 22, 2024
11:54:37am

Mikey All-American

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Mikey

Bio page: Mikey
Joined: Jul 12, 2002
Last login: Jun 19, 2024
Total posts: 16,631 (967 FO)

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Messages

Author

Time

I’ve always been the spender in the family. Wife was much more budget conscious. We just read Die With Zero.

RalphWiggam Barkeep, another Mekong please

May 22, 11:19am

Might I interest you in the Human Fund? I can facilitate your donations to it.

scall

May 22, 11:23am

As Estate Taxes get more and more onerous, the argument of spending everything

mobicurious

May 22, 11:23am

The Estate Tax exemption is $13.6 million for 2024. 99% of people will not be

Mikey

May 22, 11:29am

My accountants are preparing me for a rapid drop in that exemption

mobicurious

May 22, 11:30am

The Trump tax benefits all sunset in 2025

Carnac

May 22, 11:35am

Yep, rich people have a lot of influence over politicians.

RexIdaCoug

May 22, 11:50am

Okay, so the exemption drops to $7 million so 98.5% will pay nothing

Mikey

May 22, 11:54am

Well, half of that 1.5% is on cougarboard don't ya know.

paulb

May 22, 12:01pm

Too slow by a half an hour....

paulb

May 22, 12:01pm

$14 million for a couple.

Acorn

May 22, 1:12pm

too low. OTOH, it means more planning for estate planners, so there's always an

Archaea

May 22, 1:13pm

But 99% of CB is above that threshold.

All-American

May 22, 11:31am

RE: But 99% of CB is above that threshold.

Mikey

May 22, 11:32am

As I lay dying in the hospital, I'll call my son over and whisper these final

Carnac

May 22, 11:25am

You got it all wrong.

Archaea

May 22, 11:29am

Ah yes... the Robert Kiyosaki strategy.

greatbam

May 23, 10:54am

RE: I’ve always been the spender in the family. Wife was much more budget

BlueKarma

May 22, 11:27am

I prefer the medieval style of passing everything to my first born

2FarGone

May 22, 11:27am

Or they can travel to the New World as conquistadors.

gopman

May 22, 1:34pm

Making money requires capital. Having capital when the right opportunity comes

SnickSnack

May 22, 11:27am

You wouldn't. I just finished it because I kept hearing about it. I found myself

CougarScrub

May 23, 10:39am

That’s nonsense. He doesn’t preach to be frivolous or spend irresponsibility at. You either missed the point of the book

RalphWiggam

May 23, 10:48am

Any book that pimps annuities….. yikes!!

HeyU

May 22, 11:27am

A better book IMO is "Just Keep Buying". Promotes a great balance between

Dangerous

May 22, 11:32am

Having not read the book, does it suggest donating any residual to charity?

Acorn

May 22, 11:37am

Yep - you may plan to die at 85, but live 10 more years

Dangerous

May 22, 12:05pm

The focus of the book is more about gifting while you are alive so that

sandtrapcougar

May 22, 12:11pm

Giving with a warm hand instead of a cold hand. Agree.

Acorn

May 22, 1:09pm

This book seems to be very popular. Kind of like books that say it's OK to drink

Japan Coug

May 22, 12:05pm

I suppose that’s something you could take from it. In a very superficial sense.

RalphWiggam

May 22, 12:36pm

I don't disagree with any of those points, in and of themselves. However, I

Japan Coug

May 22, 1:03pm

It's a decent message. We are saving less

Archaea

May 22, 1:12pm

I prefer my version of the book called “Die with $1M So I Don’t Run Out of Money

Jeff Spicoli

May 22, 12:08pm

This is the way.

Adwight

May 22, 12:16pm

It seems like this concept equates spending and happiness. However, most studies

Spine

May 22, 2:22pm

THIS. Struggling a little as a young adult is something that develops you into a

CougarScrub

May 23, 10:54am

If we have money left when we both die, it goes to my kids PERIOD

BYU Grounds

May 22, 4:07pm

Which is great. One of the messages of the books is leave money to your kids if you can. But do it when it is more

RalphWiggam

May 22, 6:16pm

Well I am not that rich and the greatest asset I'll have to pass on is our house.

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