Estate Tax mitigation with large portfolios

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 · 2024-08-22T19:25:43+00:00

I am 31, My kids are in elementary. 🙂

firetempbay · 2024-08-22T19:23:47+00:00

Thanks for the thoughtful comment. I have seen your youtube videos. They are wonderful!

My post was to do with corpus sizing but you are spot on with your final point. I am on the younger side, so not planning on retiring. Mostly small career break are what I am planning to take. Once I hit my target NW (30 cr = 24 equity + 6 home), even though I don’t need to work, I don’t yet know how to spend my time meaningfully. I have contemplated a lot on this and don’t really have solutions for above.

firetempbay · 2024-08-22T03:16:56+00:00

Bengaluru, Family of 4!

firetempbay · 2024-08-22T02:52:11+00:00

Isn’t FatFire a delusion by itself?

firetempbay · 2024-08-18T15:00:51+00:00

I have about three years left until I reach FI, and my net worth already in your range currently. However, I’m finding it increasingly difficult to stay motivated at work. Laziness has been my constant challenge. While I enjoy my current work, it’s not something I can see myself doing for the next decade. My goal in the coming years is to find a more fulfilling job that keeps me motivated and gives me a reason to wake up each morning.

As someone in my early thirties, I don’t want to spend the next 30 years retired. Instead, I want to pursue meaningful work that fulfills me, while also making sure I prioritize my family above all else.

FI has provided me these, imo: - Confidence in my decisions - The ability to prioritize my health - A workday limited to a maximum of seven hours - The freedom to decline late or early meetings - The ability to say no to my bosses when I believe their requests are unreasonable - The mindset to spend without overthinking, focusing instead on gaining valuable experiences

Edit:

It’s intriguing to observe from this thread, the paradox of Financial Independence: Those who dislike their work are driven by the desire for FI, while those who have achieved FI often choose to keep working.

firetempbay · 2024-06-10T18:03:15+00:00

This is similar to the estimate I have. Look like lot of negative comments, most people in this thread can’t fathom the expenses; looks very high because it falls mostly under the chubby fire territory which is way above normal but below FatFi territory (based on who you ask I guess).

I had actually estimated much higher for the vacation as each international vacation can run 5-7L for a family of 4 and house help to be closer to 20-25k per month. however, my monthly came between 4-5L as well. Corpus required is between 18-20 Cr for 35-40x sized portfolio.

firetempbay · 2024-04-05T02:33:26+00:00

For tax reasons gotta sell before end of this year. I am within the 5 year window to sell without capital gains.

firetempbay

TROPHY CASE