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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (27581)	7/6/2017 8:57:47 AM
From: E_K_S	Read Replies (2) \| Respond to of 34328

Re: Estate Planing What I learned from my father is that all of your beneficiaries have different ideas what they will do w/ their inheritance but all want the cash. Then they (ie my siblings) will spend it. One of the things he and his mother did was stipulate where part of those funds went, when they could be accessed (ie on 18th, 24th and 45th birthday). Use of the majority of the funds was to be used for college and if anything was left over, funds could be used for anything else (ie. down payment on a house, start a business). My goal is to just give the youngsters a head start w/o piling up student loan debt. Just that alone s/d help them achieve their life goals. Hopefully, my planning to build up the ROTH account and distribute to the grand kids will achieve that. Not complected and in my control. It's all about starting early enough and compounding. EKS

To: Steve Felix who wrote (27581)	7/6/2017 11:22:07 AM
From: TigerPaw	1 Recommendation Recommended By rnsmth Respond to of 34328

sell the house Had that discussion already, long story short .. we sold our house at the beginning of the year and moved into town. We had been at the edge of town for 27 years and watched the city move well beyond us. Our house too had additions we added, paint and repairs we performed, and fruit trees grown from pits of the fruits we had eaten. We raised our kids there and accepted them back when they couldn't find a job in the great recession. Our retirement discussion had at it's center the idea that we had already done about everything we could expect to do at that location and we could only hope to repeat some of our favorite activities. Rather than stay there and seek adventure on cruise ships or Hawaiian hotels, we could move into an adventure. So, we are doing our part to keep Austin weird. My brothers took the opposite tactic and used their accumulated wealth to move even further from the population on multi-acreage plots with hills and trees and private lakes. They don't get out much, and don't get a lot of visitors. The final argument though was that virtually none of my older relatives had actually stayed at their house until they passed. When they got decrepit enough, or demented enough, their kids moved them to a back bedroom or a nursing home whether they agreed or not.