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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have 25M, but our HHI is not high. The millions came because we were lucky/savvy in the stock market when we were young, and now we're older.

Our kids know how much we have, and they are preparing for careers in case everything goes south. But our goal is to build family wealth and our kids, having lived a relatively frugal lifestyle like us, will try to build on that  for future generations as well.

[/quote]
Me again. Honestly, I feel your question would be valid if we were talking 100M and above. But with our 25M, I don't think our kids can plan on not working. [/quote]

You've got to be effing kidding me. I could stick $25 million in a 60- month CD at my credit union at 3.8% and pull more than $900k off it a year. No, I would not be working. Hell, if I earned a quarter of that amount off it, I wouldn't work.

This is why you people need to be taxed more. FFS.[/quote]

DP:  why do "we need to be taxed more"?  I have that much in cds/cash alternatives, and plenty more in the market.  All of it was taxed at 30-50% combined fed and state.  I have paid plenty in taxes.  The interest dividends are taxed at 40-50% for fed/state.  I think we have paid enough and will continue to do so

However 900k per year spread across 2-3 kids is not enough for them to not work.  Not if they want their kids to do activities and attend college and grad school and actually retire.  Because once you need to start using the principal you ain't getting 900 k per year [/quote]

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