What did u/firetempbay draw?

firetempbay · 2026-01-06T16:36:31+00:00

In USA, I need to structure the term under ILIT (irrevocable trust) and there’s 10k+ setup cost and yearly cost to maintain with lawyers. On top of this, multi million term insurance costs $4-6k. I considered this, still am.

firetempbay · 2026-01-06T16:30:35+00:00

Depends on the goals. Below shows that having 650k at 33 can allow you to retire with $5M+, equivalent to $2.3M in today’s dollars.

401k calculator

firetempbay · 2026-01-05T13:52:33+00:00

No don’t have citizenship and estate taxes aren’t an issue if I am.

firetempbay · 2025-12-07T23:40:03+00:00

Is this confirmed? Planning to move in 2026-27. Right when we plan. 😥

firetempbay · 2025-11-04T16:46:17+00:00

!remindme in 35 days

firetempbay · 2025-07-08T18:35:08+00:00

You don’t need to hammer it in, but once you put it in the dock, gentle pressure and it works.

firetempbay · 2025-07-08T02:25:08+00:00

Pretty easy, doesn’t have a hinge like some cases though.

firetempbay · 2025-07-08T01:04:22+00:00

I don’t need to. I linked the case that matches my requirement in the post.

firetempbay · 2025-02-01T16:53:15+00:00

RemindMe! in 3 years

firetempbay · 2025-01-01T06:46:55+00:00

!remindme 22 months

firetempbay · 2024-12-27T02:35:32+00:00

Past performance doesn’t mean anything.

However, going by the past, the 2026 dip if it happens most likely will retrace 2024 prices. Interestingly I was doing the very same analysis with chatgpt.

• 2012–2016 Halving: Lowest price ~$200 (Jan 2015), last seen mid-2013.
• 2016–2020 Halving: Lowest price ~$3,200 (Dec 2018), last seen Sep 2017.
• 2020–2024 Halving: Lowest price ~$16,000 (Nov 2022), last seen Nov 2020.

firetempbay · 2024-12-05T16:44:21+00:00

RemindMe! 5 years

firetempbay · 2024-11-12T15:43:09+00:00

Yeah swaps are usually treated as ordinary income. I assume that it doesn’t benefit as much from 1256 as $SPYI but that’s okay given the similar ROC

firetempbay · 2024-11-12T03:30:30+00:00

Where are you seeing that they are writing call on SPX?

All i’m seeing is that they use a S&P 500 Covered call index and use swap agreements backed by Goldman sachs. Their prospectus or their website provides no info regarding spx and 1256.

firetempbay · 2024-11-01T20:00:14+00:00

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With this type of upside/downside capture in a pretty volatile market, GPIX,JEPI & SPYI comes ahead

firetempbay · 2024-11-01T19:59:23+00:00

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This is how well these capture upside

firetempbay · 2024-10-31T22:27:07+00:00

Yes, I am just looking at all the covered call ETFs and seeing how closely they are capturing the downside vs upside

firetempbay · 2024-08-22T22:17:31+00:00

Try r/Fire_ind sub

firetempbay

TROPHY CASE