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Reply to "What would you consider a large trust fund?"
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[quote=Anonymous][quote=Anonymous]I have a $5 million trust fund. It does spin off a couple of hundred thousand a year. But that money is not there to be spent. It is, as a pp noted, there for my children and their education some day. I think it is my obligation to continue working and providing for them. If I sat around and ate bonbons all day, there would be no real wealth left for my kids. So yes, having the trust fund is wonderful and I am very grateful. But it doesn't mean I can quit my job without basically cannibalizing my children's future.[/quote] Thanks (and good for you for being a good steward of the family money!) I invest almost entirely for growth and not current income, and yet the $750K I have invested still produced $24K in taxable income last year.[/quote]
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