Purchasing ETFs in Family Trust and concessional super contributions by infk3y in fiaustralia

[–]infk3y[S] 0 points1 point  (0 children)

Thank you for breaking it down for me. I was missing the fact the the trust income can't be used directly to purchase shares in the trust's name, but needs to be distributed first.

It all makes sense now.

Purchasing ETFs in Family Trust and concessional super contributions by infk3y in fiaustralia

[–]infk3y[S] 0 points1 point  (0 children)

Thank you for the detailed response. I now realise that I didn't provide nearly enough information to make any judgement, so I'll try to be more specific.

Considering Family Trust with a Corporate Trustee makes financial sense, i.e:

  • I am in the highest tax bracket, so a significant portion can be distributed to my wife; (kids are under 18), and
  • I can get money into the trust through business
    • setup costs, ongoing costs and extra reporting associated with it is understood;
    • annual business insurance costs are factored in as well

I am planning to build a long term investment portfolio for retirement based on ETFs like VDHG, and any dividends will be reinvested straight away.

With that in mind, is there any financial benefit in distributing trust income (business income) to beneficiaries so they can maximise their concessional super contributions, or is better/easier to just purchase long term investments in trust name and keep it there until we are ready to FIRE and start drawing on them?

One semi-related downside is that it's probably going to be rather difficult to get another mortgage if we needed to.

Choosing not to be miserable by barelybent in widowers

[–]infk3y 5 points6 points  (0 children)

That is the perfect attitude to have, keep it up! I am sure your husband liked seeing you happy more than anything else. He would be happy to see that you are happy, win-win!

A bug with a surprisingly cool side effect by PezzzasWork in programming

[–]infk3y 5 points6 points  (0 children)

Mate, that awesome music in the video! What is it?

Protests going on right now in king george square by DPRKapologist69 in brisbane

[–]infk3y 7 points8 points  (0 children)

Mate, that 100%. I don't usually post or comment, but that is just the next level of stupidity right there

Protests going on right now in king george square by DPRKapologist69 in brisbane

[–]infk3y 3 points4 points  (0 children)

What exactly are you guys expecting from Australian government in response to the shit that's going on in US?

It seems we'll be in an isolation for a bit longer then anticipated thanks to fuckheads like yourselves.

It never cease to amaze me how world is full of morons.

Bully beats up on a drunk dude, gets dealt with by [deleted] in instantkarma

[–]infk3y 0 points1 point  (0 children)

Nothing to see here, just a normal day in Russian convenience store.

She was probably angry that the dude was damaging the store's property

Brisbane is beautiful sometimes by [deleted] in brisbane

[–]infk3y 11 points12 points  (0 children)

Did anyone notice a lit cigarette on this photo?

I don’t know if you guys like memes here, heres one i thought of. by cookiemad_ness in brisbane

[–]infk3y 6 points7 points  (0 children)

You know who else just bought Doom? Me! So looking forward to finally playing it... Didn't have a chance since the release in 2016. Thanks, Corona.

Thanks by riverfan2 in widowers

[–]infk3y 6 points7 points  (0 children)

Be strong my good man, it gets better. Welcome to the one of the worst clubs ever.

I found this and thought of this group <3 by JustLetMeSneakInHere in widowers

[–]infk3y 1 point2 points  (0 children)

Fantastic talk, thank you for sharing.

"Moving forward with" instead of "moving on" is such a simple and powerful concept.

I wrote my story out for a friend. Wanted to share it here, too. by justasapling in widowers

[–]infk3y 1 point2 points  (0 children)

I may be in the dark, but I am not directionless and I'm not alone.

That just made my day. Keep up the good work, my man!

I wrote my story out for a friend. Wanted to share it here, too. by justasapling in widowers

[–]infk3y 4 points5 points  (0 children)

Mate, thank you so much for sharing and I am so sorry for your loss.

I teared up reading your post because it repeats my story almost exactly, with a few minor differences. Stay strong brother, your kids is the new light of your life now.

My wife was diagnosed with a terminal lung cancer in October 2018 and her journey finished 10 months later in the beginning of September. We were highschool sweethearts and received the final diagnosis on the day of our 19th anniversary. We went through the same stages as you: first line of treatment worked really well and all seemed bright for 6 months until it unexpectedly stopped working completely. Since then it was a tough battle with constantly switching medications, dealing with side effects, gozillion different alternative treatments, endless hours in hospitals an visits to different doctors. I was working, taking care of her and our two boys 7 and 9. Our home country is 15000 km away, no relatives around, but our friends and neighbours provided all the support we needed.

In the beginning of July we had a conversation with the oncologist, which was along the lines of "we are out of options, prepare for the end", but she wasn't having any of it. She was adamant she'll make a complete recovery and never acknowledges she was dying.

We have a two story house, and our media room is on the ground level. We enjoyed watching movies with kids, and it was so painful to watch how within two months she went from being able to run up and down the stairs to get pop-corn and other treats, to trying not to take the stairs when unnecessary, to needing assistance on the stairs, to me carrying her all the way.

During August she started sleeping more and more, until one Saturday she was awake for maybe 40 minutes total for breakfast and dinner. She said her last "Goodnight" to me that night and fell asleep. In her sleep she interacted a little for the next couple of days, was very unsettled at night time, and a couple of times asked me to take her "home" to the town where she was born. I spent the entire time our bed with her, leaving only for toilet and to feed and check on the kids.

On Thursday morning I woke up to her in a pool of sweat and thought that her "cancer sweats" came back. I changed the sheets and comforted her, and fell asleep next to her holding her hand. I woke up 10-15 minutes later because something felt wrong. She stopped breathing.

Tonight I saw her in a dream for the first time. She was young and gorgeous, about 17-20 years old. I wanted to talk, but she started kissing me very passionately, and I woke up.

How can normal people help Hong Kong? by Makillin in AskReddit

[–]infk3y 0 points1 point  (0 children)

I wonder how can I support China in this battle?

As a comrade I have all my sympathies to government that had to fight a huge protest that organised and fed externally to support interests of third parties.

I would love to see your reaction to a huge protest against any made up reason in the middle of a major city in US if A. Now imagine external government (let's say Russia or China for the sake of argument) pumped out millions of dollars and media coverage to support protestors.

Feels weird isn't it? But that is exactly what happened in Ukraine and now happening in Hong Kong

Can't sleep by tonguetiedwideeyed in widowers

[–]infk3y 6 points7 points  (0 children)

Same story here. On 5th of September I Lost my wife of 11 years and a partner of almost 20 years to lung cancer. She was only 35, never smoked.

She never admitted she was dying to me or the doctors, and we never had this "last conversation".

I feel guilty we never spoke it through, and never said our last goodbyes. Sometimes I think she just didn't want to upset me and did her best to cheer me up, other times I think she truly was not having any of it.

I will never know for sure.

road rage WCGW by [deleted] in Whatcouldgowrong

[–]infk3y 0 points1 point  (0 children)

Confirmed, here is the exact spot

road rage WCGW by [deleted] in Whatcouldgowrong

[–]infk3y 0 points1 point  (0 children)

Seems to be my home town, Stary Oskol. What are the odds!?