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So...Recession?
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<blockquote data-quote="espringers" data-source="post: 366813" data-attributes="member: 816"><p>someone up top hit the nail on the head regarding how a lot of folk can afford to live such wonderful lifestyles.... generational wealth is a real thing and its a life changer when handled correctly. you would be utterly surprised to realize the number of people who die and leave 500K on up to millions of dollars to their heirs. or while living have enough money to max out a yearly tax free contribution (the current limit is $16k each parent can gift to as many people as they wish) to their heirs for 20 straight years. if you all the sudden inherit 250 and can sock it away or get a $16k check each you can put into a retirement account and you know you will retire with millions and never have to contribute a dime to that account yourself + possibly inherit another big lump sum upon death, game changed!</p></blockquote><p></p>
[QUOTE="espringers, post: 366813, member: 816"] someone up top hit the nail on the head regarding how a lot of folk can afford to live such wonderful lifestyles.... generational wealth is a real thing and its a life changer when handled correctly. you would be utterly surprised to realize the number of people who die and leave 500K on up to millions of dollars to their heirs. or while living have enough money to max out a yearly tax free contribution (the current limit is $16k each parent can gift to as many people as they wish) to their heirs for 20 straight years. if you all the sudden inherit 250 and can sock it away or get a $16k check each you can put into a retirement account and you know you will retire with millions and never have to contribute a dime to that account yourself + possibly inherit another big lump sum upon death, game changed! [/QUOTE]
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