I have 10 million in retirement account, 2 million in regular account---- all in stocks.
another 10 million in rental houses, the rent covered all mortgage and more. I am 61, plan to retire next year. only one daughter who made around 150K a year.
I see many experts here. please give me some advices. I am planning to do some research, should I start with a lawyer or CPA or financial planner?
Thank you so much. company computer not letting me to type chinese.
Most of them are from deferred compensation, that is pre-tax. So after tax it will only be 5mi. The rental houses 1/3 is loan. So about 7 million. 也没很多。这里有人说该set up irrevocable， 有人说No. Confused. Should I ask lawyer or cpa or Financial planner? Called one lawyer , he said: come, we can talk, $700 per hour!
谢谢大家，看来大家的意见是不用set irrevocable trust. Wow, I was going to d
I was going to do that in the next couple months! Thank you so much for all the suggestions. 我再与financial planner 商讨一下，will update you. one more question: now my net worth let's say is 10 million (after tax money). 20 years later it will be 20million. I guess it should still within the exemption amount. But if I did not withdraw or sell the house, the pretax money will be 40 million, that will be more than the exemption. Should I withdraw all and pay the tax and sell all the houses. So the amount when I die, will be within the exemption?
I have 10 million in retirement account, 2 million in regular account---- all in stocks.
another 10 million in rental houses, the rent covered all mortgage and more. I am 61, plan to retire next year. only one daughter who made around 150K a year.
I see many experts here. please give me some advices. I am planning to do some research, should I start with a lawyer or CPA or financial planner?
Thank you so much. company computer not letting me to type chinese.
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🛋️ 沙发板凳
Instead of seeking answers on the internet.
普通老留家庭净资产预估 - 猛牛发表于 投资理财 - 论坛 | 文学城 (wenxuecity.com)
啊哈哈哈。。。。。。。。。。。。
这还不包括任何Mega Roth IRA contribution, which is significantly higher
那时年薪估计都是2-3万，拿4-5万的都算高的了。
两口子都拿高薪，估计有8-9万，10万以上还是少！
啊哈哈哈。。。。。。。。。。
15万收入不太够过日子。家长啪啪啪的钱打过去，共产主义按需分配。现在不打更待何时？
top 5% 家庭收入：
1990: 9万1
2023： 29万5
问题是帐户涨得太快，转出不少IRA balance还是涨。
那时候好像没有RSU，都是stock option。vesting期的长度都不同4-11年都看到过。不像RSU差不多都是4年，很少有6年的。
75岁，湾区40米？
啊哈哈哈。。。。。。。。。。。
退休金买到都是 NVDA。
应该是std div。
如果单纯是出于税务的考虑，还不够富，不需要操这份建irrevocable trust的心
人老了到最后几年钱花起来哗哗的，不要高估了自己的财富
每一代人有每一代人的福气！
每个国家的人有不同的机遇！
富二代，官二代的不在此列！
你儿子不是普通老留，他是富二代不在此列！
啊哈哈哈。。。。。。。。。。。
Most of them are from deferred compensation, that is pre-tax. So after tax it will only be 5mi. The rental houses 1/3 is loan. So about 7 million. 也没很多。这里有人说该set up irrevocable， 有人说No. Confused. Should I ask lawyer or cpa or Financial planner? Called one lawyer , he said: come, we can talk, $700 per hour!
I was going to do that in the next couple months! Thank you so much for all the suggestions. 我再与financial planner 商讨一下，will update you.
one more question: now my net worth let's say is 10 million (after tax money). 20 years later it will be 20million. I guess it should still within the exemption amount. But if I did not withdraw or sell the house, the pretax money will be 40 million, that will be more than the exemption. Should I withdraw all and pay the tax and sell all the houses. So the amount when I die, will be within the exemption?
reset cost basis of your rental properties.
That's the beginning of these trust related arguments started recently.
1，现在看你的net 还少于20m，真不算很多，不值得做irrevocabale trust, 有living trust就行了。因为现在一般长寿，你也不知道你后面是否需要用到大笔钱；2，投资的钱是可以成长的，但金额增加也不是板上钉钉的事，财富减低（通货膨胀增高）完全可能；3，怕20年后超过遗产免税额？a) 通货膨胀下免税额会提高，b) 前面上说的两项也可能降低你的总资产额；4）就算是超过了，后代多付点税也没什么吧。总比不需要付税好。总之，过好眼下每一天。遗产规划要想，但也不必成为一个负担。这是我的态度。仅供参考。
没法指手画脚。你把财产已经分出去了。这财产名正言顺不是你的不在你名下。所以做之前要慎重考虑清楚。如果没有公正的trustee就玩完。
Washington Estate Tax Rates
在长期或短期里。如果有的话，你就拿那个资产放进不可撤销信托。
比如你有很多原始股IPO后可能会突发猛涨。涨出来的很多米可能会超出你们的遗产税额度，那你可以考虑放进不可撤销信托里避开遗产税。否则你这样的情况要我的话不会去做的。
因为DCP是hold十年，在你RMD时已经没有这个DCP了。所以IRA和其他人其实没差太多。
你现在说的非IRA的股票没有太多不适合放。如果有其他长期积累的公司股票，dividend hold等等如果量比较大 也可以考虑放。房子不适合放。IRA有十年提取限制 也不适合放。
所以在你年纪大的时候其实是房产做主打70%。没意思的做不可撤销信托 把自己绑住。
今天几天里投坦讨论很多不可撤销信托，你可以仔细看看，可惜昨天那个贴不知道为何被删掉了。
你可以Google search一下，chat GPT都可以调出各种问题读一下。
独立思考一下，可能比找lawyer CPA什么的有收获。
我只是给你我的看法，最终还是 YMYD。
所以也不要算定投了。有DCP在退休计划，这个数字很正常的。
不一定刷新记录。有DCP的人应该不会少的。
以前还不知道这个。