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[quote=Anonymous][quote=Anonymous][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]

If you don't think $900k/3= $300k per year is enough to live a comfortable life, do activities, and send your kids to college, and retire, I don't know what to tell you, but about 95% (literally) of American families are making less than that. Also, with that kind of annual return ( Note: that's the return **if i parked $25m in a CD**--it would average almost 2x that amount in the market) there would be no need to touch the principal, so.

Seriously, get your head out of your a$$.

You have more money than you know what to do with. The income equality in this country is a major public policy failure. [/quote]

95%…try that’s top 2% income…and top 1% for a single earner.

For the most part, a responsible adult that inherits $9MM and a $300k income stream (BTW, it wouldn’t be that hard to up that to $350-$400k nearly risk free and nearly tax free), could live quite nicely on $200k for most years and still save $100k+ per year.[/quote]

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