Search Results for : windfall


Hey everyone, it’s Finance Fridays… but I forgot to write this post on Friday — so here it is — on Saturday. Sorry about that. Anyways, let’s do a “Windfall Management Exercise”. Windfall Management Exercise? Yea. I’ve talked about windfalls before in some previous posts. A windfall is defined as: 1: something (such as a tree or fruit) blown down by the wind 2: an unexpected, unearned, or sudden gain or advantage from Merriam Webster In this […]

Windfall Management Exercise #illumedati


Hey everyone, it’s Finance Fridays again. Last week we talked about “different numbers” for “different Walters”. Today I want to discuss “How Much is Too Much?” How Much is Too Much? This question is mostly centered around retirement. As you know, my “number” currently would be considered especially high by some. For example, the friend of mine who needed $4 million, clarified to me that he only needed $4 million in all assets, which I […]

How Much is Too Much? #illumedati



Different Numbers for Different People 2
Hey everyone, it’s Finance Fridays again. Some of you may have read my What is “Your Number” post I wrote awhile back. Today I want to kind of reflect on “Different Numbers for Different People“. Different Numbers for Different People This is kind of my version of “different strokes for different folks” when it comes to retirement. If we look back at my other post What is “Your Number” and add in my more recent post […]

Different Numbers for Different People #illumedati


Hey everyone, it’s Finance Fridays again… and this post is so late, it’s almost Saturday, or it’s already Saturday for your East Coasters. Nonetheless, I wanted to talk a little about What is “Your Number”? What is “Your Number”? Today I had lunch with a couple of my friends. For those interested, we went to an All-You-Can-Eat Korean BBQ place. Also, just so we’re clear — I ate more than them.  😛 We discussed the […]

What is “Your Number”? #illumedati



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Hey guys, it’s Finance Fridays, and this is kind of related to last week’s post, Inheritance Tax. Today I’m going to be talking about Estate Tax. Stock Photo from: Pixabay Ok, first things first. Before we get in too deep here, I want to make something clear. For the majority of people (and doctors), it is unlikely that you will need to pay an estate tax.  The figure I see tossed around is that only […]

Estate Tax #illumedati


Hi guys… late post I know.. but I’m going to talk about the Rule of 72 for this Finance Fridays. This should be a short post about how to estimate how long it will take for an investment to double. There will also be a short commentary on the “first $1 million is the hardest” and how saving money doesn’t feel rewarding… but it should be. I’m going to write a few more complicated Finance […]

What is the Rule of 72? #illumedati