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Strategies & Market Trends : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?

To: Drygulch Dan who wrote (112)	5/10/2005 5:27:58 PM
From: Ish	Read Replies (1) \| Respond to of 288

<<So with this reality, I want to manage that capital depletion such that I don't deplete it at an unsustainable rate.>> The trick is not to live too long. <<The problem with this approach comes from death taxes. Do you have any ideas for dealing with this ultimate reality given the approach I am taking? ie Is there a free lunch at the end of life? At least for the heirs/beneficiaries.>> They've done away with the spouse tax and raised the minimum that's about to expire. I inherited some farm ground that James K. Polk gave to my relatives and his heirs. I was an heir and still had to pay the daymn tax.

To: Drygulch Dan who wrote (112)	5/10/2005 9:26:41 PM
From: Nazbuster	Read Replies (1) \| Respond to of 288

re: Death Taxes One of the ways I've heard of to avoid these is to create a charitable non-revocable trust. You give everything away but retain the rights to earnings of the assets during your lifetime. I'm not a lawyer or familiar enough with these things to answer questions, but as I undersand the concept, you get a deduction for the current value of the asset, act as trustee during your lifetime, get the benefit of earnings, but since you don't own the assets (they belong to a non-profit), they are not subject to taxes upon your death. OFC, this would piss off your offspring if they were expecting a big bonus...