The 60k usd limit is real. Please check on US IRS. 60k usd is federal estate tax exemption. Some states may levy additional.
option 1 is a bad idea. Why would I pay from my cash flow now? Besides, I need term insurance to protect my future earnings.
Option 2 is a good option, but note husband and wife toral exemption will still be 120k usd.
Option 3 will be major hassle.
In my opinion, the better option than 2 is to invest now itself in the name of your children/descendents.
By buying india based nasdaq etf a lot of the headache is solved. Periodically keep rotating stock fund into india based us etf like navi nasdaq.
In my opinion, US MARKETS are extremely efficient, no point in owning well known tech stocks as opposed to nasdaq 100. You cannot beat the index. Hardly any body can.
From my long look into this, only reason to go individual stocks is if you have real conviction on some high risk high gain names. Say something that may become AMZN of next decade. Say less than around 5% of your networth as a long shot life changing gamble. Hopefully they will turn to gold before you croak and you may move it e proceeds out of us estate tax exposure.
Just my 2 paisas. Please do your own investigations. I am not a pro or certified advisor.
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