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Strategies & Market Trends : Dividend investing for retirement

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the traveler

toccodolce

To: the traveler who wrote (32052)	11/4/2019 12:01:13 PM
From: robert b furman	2 Recommendations Read Replies (1) of 34328

Hi Steve, We have no children to leave things to. I've considered gifting some shares to my Alma Mater (GMI now called Kettering). I understand that the gift in shares can be made at the price when the gift is dated/made. I wonder if gifting the shares while liquidating the 401k would in effect give them a tax free gift. A gift that could be used to eliminate debt and have a great start at building wealth, regardless of how our politicians want to rob the savings. Sadly I have every expectation the our corrupt politicians will rob those areas that contain the largest store of wealth. Like Willie said - its where the money is. Wealth redistribution makes targets of these instruments. While one can, it may be best to simply give your kids and grand kids the instruments that insure a debt free lifestyle early in life. I'm in optimistic thinking that politiciins will never tax one's home beyond property taxes. My personal asset building began in earnest when I paid my house off. Without your guidance, perhaps the best thing to do , is to set up a debt free lifestyle early in life, which will accelerate the building of savings and give your heirs the opportunity to "buy into their own investment decisions". It is sad to say, but it might be the case, that a life of nice things debt free, is better than having a LOT OF WORKING WEALTH THAT GETS ROBBED. WE HAVE NO CLUE HOW THE WORLD BE TAXED IN A HUNDRED YEARS. Bob

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