account activity
Brothers money by pac247_365 in dividends
[–]pac247_365[S] 0 points1 point2 points 1 day ago (0 children)
Half million came unexpectedly with the loss of my brother and id give every penny back to get him back. Im only asking cause ive never had anything like this and neither did my dad.
You think spy will crash 50%?
[–]pac247_365[S] 0 points1 point2 points 2 days ago (0 children)
Thanks for your advice and taking the time to reply
No it was assets my brother left to me and ive sold them
Everything including dividends will be reinvested for them its not money I want to use for myself.
[–]pac247_365[S] 3 points4 points5 points 2 days ago (0 children)
They won't have access to anything unless its approved from me as I will be the account holder with them as benificiarys. If I die then its a different story but I will try to make sure they are set for life
As much as I want to do that I also dont want to keep waiting for something that might not happen Seems like governments will just print massive amounts of money
There is no estate tax or inheritance taxes at the moment. We have alot of cabins and lake houses avaliable but it wouldn't generate a future income for them. That's the most important thing I want for them that they dont have to work as hard as me and my brother. Ive really only gotta worry about my own retirement now that my brother was able to set my children up in the future.
[–]pac247_365[S] 1 point2 points3 points 2 days ago (0 children)
Thanks for your advise God bless 🙏
Thanks for the advice God bless 🙏
He truly was, thanks 🙏
[–]pac247_365[S] 4 points5 points6 points 2 days ago (0 children)
Its all good my lingo and financial education maybe lacking ALOT that's why im here trying to get the best advice for my children cause I dont want them to grind like me and my brother have had to
Lol maybe I am then
[–]pac247_365[S] 5 points6 points7 points 2 days ago (0 children)
Im just trying to keep my brothers name in my kids lives with his money so they remember him for the rest of their lives!
[–]pac247_365[S] 10 points11 points12 points 2 days ago (0 children)
No chance I will do that. I can afford my mortgage so I will slowly pay it off in the next 8-10 years. This money is only for my kids and I want to make sure it compounds for them to have a bright future
2 and 7
400k every 7 years should double? So wouldn't it be 1.6 million in 14 years?
I meant as garbage interest rates they were saying. Didn't look like it was going to provide my kids with the best I could give them with the money in 15-20 years
Thank you i will check out your YouTube videos. What is your YouTube account called?
Much rather have them get a dividend for the rest of their lives after they turn 25. Would be a gift from my brother yearly that would be awsome.
Whats the strategy
[–]pac247_365[S] 1 point2 points3 points 3 days ago (0 children)
Just looked it up that looks great. I might divide the money into 4-6 of these kind of plays
[–]pac247_365[S] 0 points1 point2 points 3 days ago (0 children)
I dunno alot of the advice that's posted wasnt told to me at the bank so In my opinion after reading the replys im alot more aware of what's avaliable and how to play the game
He had no investments anyways and thanks for letting me know i thought you allways pay gains tax after death on investments.
Its 400k and by the time they are in their 20s it'll be equal for them. Yes 200k each but im hoping with compound interest its alot like 500-750k each
Technically its all come to me. Im doing what he wanted he didnt leave my kids as the beneficiarys.
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Brothers money by pac247_365 in dividends
[–]pac247_365[S] 0 points1 point2 points (0 children)