[quote=FlyerInHi][quote=flu]Save a lot of money for your kids and wait until you die to transfer wealth=> get taxed a lot with inheritance tax… You know they’re coming for this…..
Why be so frugal only to have your wealth re-distributed to someone else not even in your family?
That’s why I stopped being ultimately cheap. You never know when you’re going to go, and you got to enjoy life some way (albeit moderately)..
Saving a few hundred bucks here and there on computers you buy maybe every 5-6 years isn’t going to make a dent in your retirement or how much wealth is transferred to your kids. That couple of hundred dollars you saved, you might have left it in the stock market and lost just as much by not spending it. Like if you bought oil ETF’s….lol.[/quote]
Estate taxes only affect a few thousand people a year. I think about 5000 estates out of the total number of deaths. Joe the plumber doesn’t need to worry.
But with the proper estate planning you can pass on a whole estate to your heirs tax free. Transfer a little every year when the basis is lower.[/quote]
True.. As it stands right now…certain parts of the population however are interested in significantly increasing it though, no?
The point being. Don’t count on the same rules being there in the future. Rules change. And sometimes people make up new rules as you play the game.
