Yeah I don’t plan to die with zero, but I definitely want to spend a lot of my money making memories with my kids and

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Dec 17, 2024
12:25:09pm

RootieBoy Truly Addicted User

grandkids before I die. Like with most things in life, the ideal is likely somewhere in between.

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RootieBoy

Previous username: RedDevilPride
Bio page: RootieBoy
Joined: Oct 30, 2002
Last login: Dec 18, 2024
Total posts: 17,846 (2,495 FO)

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Messages

Author

Time

My thoughts on the "Die with Zero" concept.

TheNerd

Dec 17, 12:20pm

He addresses this in the book, since it is the chief concern of most people

Iman23

Dec 17, 12:24pm

Yeah I don’t plan to die with zero, but I definitely want to spend a lot of my money making memories with my kids and

RootieBoy

Dec 17, 12:25pm

Interesting - just reading your post (I haven't read the book either)...

Eddie

Dec 17, 12:29pm

I will never run out. It is going to awesome

Turd Ferguson

Dec 17, 12:30pm

I think there is merit in sharing earlier and creating experiences. However, the best thing I can do for my kids is

Zenoch

Dec 17, 12:30pm

I don't know how to manage resources at the end of life. My impression was that

RoboKayne

Dec 17, 12:33pm

His book relies strongly on insurance products to make it happen. I like the idea but I don’t like the implementation.

LaserCoug

Dec 17, 12:32pm

I've been trying to convince my parents to read that book, but they haven't yet.

Superkid

Dec 17, 12:33pm

He spends a big chunk of the book on how to make sure you dont run out of $$$

BYUfan92

Dec 17, 12:42pm

Which, based on LaserCoug's comment, is probably some sort of indexed annuity.

TheNerd

Dec 17, 12:44pm

I added a few comments / videos to my post on a different approach that I follow

BYUfan92

Dec 17, 12:54pm

It’s an awesome book. You should read it.

Ham

Dec 17, 12:45pm

The trick is to not take "Die with zero" too literally. Die with very little is

homegrown

Dec 17, 12:46pm

To me one of the most important takeaways of the book is to be thoughtful and

yahtzee

Dec 17, 12:48pm

Agreed. Its easy to get into the "save, save, save" mode. For those that do

BYUfan92

Dec 17, 12:58pm

What if I’m already at zero and nowhere near dead?

pink22

Dec 17, 1:02pm

Or "Die with cash flowing assets" and spoil your friends and family with the proceeds which will hopefully

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