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…in reply to @girlziplocked
girlziplocked The math will always be bizarre to me. 5% growth on an index fund is conservative. If one has $4M in one, they get 200k/yr interest. Which is assessed at capital gains rates for taxes. They could take home 170/yr until they die, then be under the estate tax threshold.On twitter.com
❤️ 10 Favorites 2020 Aug 25 Mood 0
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…in reply to @jefflembeck
girlziplocked So then their kids can do that, but of course they're making more than that 5%, probably 7-11%. They're maxing out gifts to their kids at ~15k/yr tax free into funds. Estate tax exemption limit is 11.5M, so they're handing that off. I've never understood the need for _more_.Permalink On twitter.com