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

To: the traveler who wrote (32052)	11/4/2019 10:00:10 AM
From: Steve Felix	2 Recommendations Recommended By the traveler Triffin Respond to of 34328

I couldn't agree more. Giving up all control. On the other hand, I'm sure myself and plenty of others here would have been happy to "play by the rules" if we had grandparents willing to fund us at an early age. I also believe their parents will play a big role. If they are paycheck to paycheck people it probably won't work out well. My son-in-law knows the benefits of investing. Even though my daughter isn't going back to work until the boys are both school age, he has fully funded her Roth all the way along.

To: the traveler who wrote (32052)	11/4/2019 10:10:02 AM
From: Maurice H. Norcott	1 Recommendation Recommended By the traveler Read Replies (1) \| Respond to of 34328

I'm sure if you wanted to spend the money for legal fees you could set up a trust that does exactly what you want and pays dividends out when the recipients reach a certain age. Could even have stipulations for education expenses, down payments for homes etc.

To: the traveler who wrote (32052)	11/4/2019 12:01:13 PM
From: robert b furman	2 Recommendations Recommended By the traveler toccodolce Read Replies (1) \| Respond to 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