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Posted on 12/17/22 at 7:06 pm to WB Davis
No, but if what one family member has said comes to fruition I will be looking to start some type of non profit for Veterans and scuba diving trips.
I know there’s a lot of them out there but I want to help and I like to dive. If I can pull that off surely I can help a few people out to having a great time for a little while.
I know there’s a lot of them out there but I want to help and I like to dive. If I can pull that off surely I can help a few people out to having a great time for a little while.
This post was edited on 12/17/22 at 7:07 pm
Posted on 12/17/22 at 7:06 pm to WB Davis
I inherited 1/2 an interest in a business when my friend and mentor passed. It doesn’t require much time or work and I’m still involved.
Posted on 12/17/22 at 7:06 pm to junkfunky
1/27th of 50% of the estate (after charitable donations) here
Posted on 12/17/22 at 7:06 pm to WB Davis
My parents have told me many times they plan on having their last check bounce before they die.
It really upped my timeline to kill them.
It really upped my timeline to kill them.
Posted on 12/17/22 at 7:08 pm to LewDawg
Lew, i got my wifes ira when she passed and just rolled it into mine so no cost of any kind involved. Check into that route. Just try not to ‘receive’ a payout. There’s some sort of time frame limit too.
Also have benefited from two inheritances. First one paid for my wife’s engagement ring. Second one the ira and our daughters got her house in Bakef plus some property in norwood which they are keeping and some exxon stock. Wife got the house, a sister and brother got rental property and the other sister got the range.
Also have benefited from two inheritances. First one paid for my wife’s engagement ring. Second one the ira and our daughters got her house in Bakef plus some property in norwood which they are keeping and some exxon stock. Wife got the house, a sister and brother got rental property and the other sister got the range.
This post was edited on 12/17/22 at 7:17 pm
Posted on 12/17/22 at 7:10 pm to ValZacs
Yeah I can’t do that because it came from a parent. Only spouses can roll theirs up. I HAVE to withdraw it within 10 years. At least that’s my understanding.
Posted on 12/17/22 at 7:15 pm to ValZacs
Four members of my immediate family died in a very short period of time. I had to do a quad-succession. I have a lawyer, accountant, forensic accountant and financial planner now. I’m 56 and retired, very comfortably.
I would trade it all to have my family back.
This is it.
I would trade it all to have my family back.
This is it.
This post was edited on 12/17/22 at 7:17 pm
Posted on 12/17/22 at 7:21 pm to LewDawg
Oh maybe so. I do remember them saying i could do things our kids couldn’t do. You still have time tho so keep checking. If u don’t have an advisor ask at your bank, they won’t bug the stew out of u. Think you have until the end of the year following the year of the trigger event.
Eta: just checked my paperwork and yeah you either have to withdraw it w/in ten years or you can roll to an inhereted acct and take smaller payouts over the 10 years. Thanks feds.
Eta: just checked my paperwork and yeah you either have to withdraw it w/in ten years or you can roll to an inhereted acct and take smaller payouts over the 10 years. Thanks feds.
This post was edited on 12/17/22 at 7:39 pm
Posted on 12/17/22 at 7:24 pm to OweO
quote:no
Were yall able to find out who claimed it?
Posted on 12/17/22 at 7:31 pm to WB Davis
Slackers.
I have never been given anything, inheritance or otherwise. If I ever were to inherit anything I would skip
it to my kids.
I have never been given anything, inheritance or otherwise. If I ever were to inherit anything I would skip
it to my kids.
Posted on 12/17/22 at 7:36 pm to DamnGood86
Waiting for the Brewster's Millions scenario....
Posted on 12/17/22 at 7:48 pm to WB Davis
My family has always been poor. It's like a generational curse. Nobody has ever left anyone anything except bills.
We plan to change that. We'll both likely work until we're dead- or at least I will- and our kids will inherit like 30-40 years of dual maxed 401ks.
I'm hoping my parents leave me something and I'll just pile on it. So my kids will be set.
We plan to change that. We'll both likely work until we're dead- or at least I will- and our kids will inherit like 30-40 years of dual maxed 401ks.
I'm hoping my parents leave me something and I'll just pile on it. So my kids will be set.
Posted on 12/17/22 at 7:55 pm to DiamondDog
Did a couple of years ago when my Dad passed away. I'm an only child and my mother and grandparents had all died years earlier. 500k that made life a lot easier. But I'd give it all back X2 to have him back.
Posted on 12/17/22 at 8:05 pm to DiamondDog
quote:
We plan to change that. We'll both likely work until we're dead- or at least I will- and our kids will inherit like 30-40 years of dual maxed 401ks.
Genuine question:
Why? My parents are still here, and I don’t want anything from them. They’re not wealthy, but they’re not hurting.
I have a biz partner in two businesses (construction and hvac), and he wants to leave his kids a legacy. I don’t, as I want my children to earn their keep. My kids will have opportunities I never imagined, but I don’t plan on giving them anything. I sure as hell don’t want them going into insurance, my main business.
Posted on 12/17/22 at 8:05 pm to WB Davis
I've gotten about 20k total over the years. Used it for an addition to our first home.
My wife has a wealthy 93 year old grandpa so, as wrong as it may be, kind of interested to see how that goes...
My wife has a wealthy 93 year old grandpa so, as wrong as it may be, kind of interested to see how that goes...
Posted on 12/17/22 at 8:09 pm to WB Davis
Got a decent nest egg when my dad died (mom had predeceased him). I paid off my home mortgage, gave some cash to my children and grandchildren and invested the rest.
Posted on 12/17/22 at 8:19 pm to WB Davis
When my grandpa died my grandmother called and told me to drive to their town. Went to see her and she gave me my grandpa’s checker board. Meant a fair deal to me, but no cash value. She died about ten years ago.
My dad will be lucky to have what they left him last until he dies, so nothing for us.
I don’t expect to get anything from an uncle or anything like that. Too many damn cousins in the way!
My dad will be lucky to have what they left him last until he dies, so nothing for us.
I don’t expect to get anything from an uncle or anything like that. Too many damn cousins in the way!
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