Today was the big day. I’ve been committed to acquiring a legacy plan, now, for almost a year and a half. Of course, I don’t merely want a plan; I want to implement a plan. But simply to get a proposal in hand so Sarita and I can look at it and (hopefully) say, “Yay, verily, this is what we want to do . . . ” –It’s been just shy of a year and a half.

So our legacy planner and his assistant came to our office and we spent about 3 1/2 hours going through their proposed plan. And it includes: Read the rest of this entry »

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I met today with G_____, the guy who is helping us set our family legacy goals. He gave me a preliminary read-out on “where we’re headed” financially. Pretty mind-blowing. I’m having him revise his “assumptions” in a few spots, but no matter how the assumptions go, we are looking at a potentially truly HUGE fortune to deal with before Sarita and I die.

Assuming death dates of 2040 (when we’d both be in our mid-80s) and assuming several other things as G_____ did (for example, low single-digit yields and mid- to higher-single-digit growth in most investments), we are looking at a combined net worth of well over a hundred million dollars at the time of our death. Even if we give away 50% to 70% of our Adjusted Gross Income on an annual basis.

Frankly . . . honestly . . . this seems unbelievable. It is . . . just . . . beyond belief. Beyond imagination. It “can’t” be true.

And, honestly, I am unwilling to go along with some of his assumptions. For example, Read the rest of this entry »