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UCGal
Participantnevermind
Participantnevermind
Participant[quote=LarryTheRenter]2010 – A good year to teach my grandparents skydiving…what do you think?
Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..[/quote]
Only if your grandparents are rich. Mine weren’t – so the estate tax was a total nothingburger… didn’t apply. And remember – it’s only money ABOVE the exclusion figure… so it’s not like the whole estate is taxed.
but… if your grandparents are wealthy – skydiving might be an option. 😉
Participant[quote=LarryTheRenter]2010 – A good year to teach my grandparents skydiving…what do you think?
Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..[/quote]
Only if your grandparents are rich. Mine weren’t – so the estate tax was a total nothingburger… didn’t apply. And remember – it’s only money ABOVE the exclusion figure… so it’s not like the whole estate is taxed.
but… if your grandparents are wealthy – skydiving might be an option. 😉
Participant[quote=LarryTheRenter]2010 – A good year to teach my grandparents skydiving…what do you think?
Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..[/quote]
Only if your grandparents are rich. Mine weren’t – so the estate tax was a total nothingburger… didn’t apply. And remember – it’s only money ABOVE the exclusion figure… so it’s not like the whole estate is taxed.
but… if your grandparents are wealthy – skydiving might be an option. 😉
Participant[quote=LarryTheRenter]2010 – A good year to teach my grandparents skydiving…what do you think?
Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..[/quote]
Only if your grandparents are rich. Mine weren’t – so the estate tax was a total nothingburger… didn’t apply. And remember – it’s only money ABOVE the exclusion figure… so it’s not like the whole estate is taxed.
but… if your grandparents are wealthy – skydiving might be an option. 😉
Participant[quote=LarryTheRenter]2010 – A good year to teach my grandparents skydiving…what do you think?
Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..[/quote]
Only if your grandparents are rich. Mine weren’t – so the estate tax was a total nothingburger… didn’t apply. And remember – it’s only money ABOVE the exclusion figure… so it’s not like the whole estate is taxed.
but… if your grandparents are wealthy – skydiving might be an option. 😉
ParticipantNo good every comes of getting involved with an architect.
(I should know – I married one.) 😉
Agreeing that this is overkill for an architect. The reason the fees are so high is that they become someone who can be sued – so even small jobs require big fees. On jobs with architects the architect typically seals the drawing – that opens them to the liability right there.
Architects have their place – but this isn’t it.
ParticipantNo good every comes of getting involved with an architect.
(I should know – I married one.) 😉
Agreeing that this is overkill for an architect. The reason the fees are so high is that they become someone who can be sued – so even small jobs require big fees. On jobs with architects the architect typically seals the drawing – that opens them to the liability right there.
Architects have their place – but this isn’t it.
ParticipantNo good every comes of getting involved with an architect.
(I should know – I married one.) 😉
Agreeing that this is overkill for an architect. The reason the fees are so high is that they become someone who can be sued – so even small jobs require big fees. On jobs with architects the architect typically seals the drawing – that opens them to the liability right there.
Architects have their place – but this isn’t it.
ParticipantNo good every comes of getting involved with an architect.
(I should know – I married one.) 😉
Agreeing that this is overkill for an architect. The reason the fees are so high is that they become someone who can be sued – so even small jobs require big fees. On jobs with architects the architect typically seals the drawing – that opens them to the liability right there.
Architects have their place – but this isn’t it.
ParticipantNo good every comes of getting involved with an architect.
(I should know – I married one.) 😉
Agreeing that this is overkill for an architect. The reason the fees are so high is that they become someone who can be sued – so even small jobs require big fees. On jobs with architects the architect typically seals the drawing – that opens them to the liability right there.
Architects have their place – but this isn’t it.
ParticipantIf you’ve got assets that are tax deferred – it makes sense to consider tax implications. Especially if you’re making large financial moves.
Here’s a real world example. I have an inherited IRA – I’ve looked at pulling the money out to pay down my mortgage. But I’d have to pay income taxes on it. For now – it’s better to take the minimum RMD each year and let the money stay invested in a tax benefited way. If fed income tax rates were to go up for middle income folks to a huge rate (say 40% or such), I’d pull money out now, pay the current (mid 20%) tax rate, and use the money to pay down the house. But it doesn’t make sense given the current tax rate.
I think most Piggs, even the poorer ones, are analytical enough to “do the math” when making large financial moves.
Some things can’t be timed for tax purposes… Wealthy people die when they die, not on a tax schedule – it’s currently a GREAT year for wealthy relatives to die. (Too bad I don’t have any.) 2010 has no estate tax. 100% of the estate is excluded. It was a $3.5M exclusion last year It goes back to a $1M exclusion next year. (Taxes are paid at a pretty stiff rate on the value of the estate above the exclusion.)
I assume most piggs will reallocate, reevaluate if there are significant tax changes.
ParticipantIf you’ve got assets that are tax deferred – it makes sense to consider tax implications. Especially if you’re making large financial moves.
Here’s a real world example. I have an inherited IRA – I’ve looked at pulling the money out to pay down my mortgage. But I’d have to pay income taxes on it. For now – it’s better to take the minimum RMD each year and let the money stay invested in a tax benefited way. If fed income tax rates were to go up for middle income folks to a huge rate (say 40% or such), I’d pull money out now, pay the current (mid 20%) tax rate, and use the money to pay down the house. But it doesn’t make sense given the current tax rate.
I think most Piggs, even the poorer ones, are analytical enough to “do the math” when making large financial moves.
Some things can’t be timed for tax purposes… Wealthy people die when they die, not on a tax schedule – it’s currently a GREAT year for wealthy relatives to die. (Too bad I don’t have any.) 2010 has no estate tax. 100% of the estate is excluded. It was a $3.5M exclusion last year It goes back to a $1M exclusion next year. (Taxes are paid at a pretty stiff rate on the value of the estate above the exclusion.)
I assume most piggs will reallocate, reevaluate if there are significant tax changes.
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