“Lifetime annuities, they give you a fixed amount of income for as long as you live, usually increasing with inflation”
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Said on Financial Autonomy
Dropping Bombs · How the Richest 1% Avoid Lawsuits and Massive Taxes
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calculate charitable giving as 10% of after-tax income and donate that amount each month
10% of net $6,500 = $650 per month
“Lifetime annuities, they give you a fixed amount of income for as long as you live, usually increasing with inflation”
“Structures such as private ancillary funds can be worth exploring... they get their own tax regime... a large charitable donation can be particularly useful in a year where you've realised a substantial capital gains event”
“It's a simple formula. And what it is, is it calculates a ratio, a number that takes your net operating income divided by your total annual debt service, your debt payments, and it gives you a number that can be used to compare.”
“I calculated out what my average range of hours would be on a given customer each month… and also the passive benefit that we're bringing by just being there.”
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