jdr

Family, Skiing, & Travel. I do a few other things, but these are the biggies

[jdr @jdrgrowth]

@aalaprag @DavidFoust86 @emilyinvc It’s for people who are retired, out of money, and don’t want to sell their home and move. It provides liquid funds so they can stay independent. No payments are made, so the loan compounds quickly. But, it’s still the best option for some who are out of options

[jdr @jdrgrowth]

@CorbeilJb @emilyinvc CFP here. Reverse mortgages work well for people who are out of all liquid accounts, have large capital gains in their home (way beyond the exclusion), and want to stay in their home. Only should be considered when all else is depleted

[jdr @jdrgrowth]

@WheelerCFO @Matt_Bove In the injury recovery world 5 months is an eternity. His seven month recovery is supernatural, whereas a 12 month recovery is expected. That’s the whole point of the post. Oh, must be you were referring to yourself with the GIF. 👌

[jdr @jdrgrowth]

@noillypratt1 @mabbsy88 @TimRunsHisMouth @grok I wonder how many documented lies other presidents have uttered compared to the current administration. Anyone want to fact check that?

[jdr @jdrgrowth]

@noillypratt1 @AuronMacintyre Trump saying Iran was close to having a nuke was a total fabrication completely debunked by our own intelligence agencies. He also said we obliterated it all just months prior. Hard to reconcile all of that isn’t it?

[jdr @jdrgrowth]

@WheelerCFO @Matt_Bove Hmmm. I was at that game. Seems like it was about 7 months ago. I understand though, calendars can be tricky

[jdr @jdrgrowth]

@JoshInEncinitas @goatpurple1 *you’re. Stupid voice texting…

[jdr @jdrgrowth]

@JoshInEncinitas @goatpurple1 The revocable living trusts your highlighting are simple estate transfer tools. No tax benefits.

[jdr @jdrgrowth]

@JoshInEncinitas @goatpurple1 Yes. The property needs to be purchased in an LLC, then the LLC should be put in a trust and shares should be assigned to multiple beneficiaries at death of the original member. No heir can have greater than 50%, so there’s no ownership control change. A husband and wife works.

[jdr @jdrgrowth]

@JoshInEncinitas @goatpurple1 Bruh. I’m a CFP in California with 25 years of experience and I design estate plans as part of my practice. I think I can speak on this…

[jdr @jdrgrowth]

@JoshInEncinitas @goatpurple1 I see, you’re just rage baiting. Well done 👍

A house in a trust is almost always put there to avoid probate. They distribute the holdings to heirs, ownership changes, and reassessments happen. It’s a simple estate planning tool

[jdr @jdrgrowth]

@GregBuckmanLA @JoshInEncinitas @grok Greg, revocable living trusts distribute assets to heirs. Literally the opposite of your statement. Irrevocable trusts are a different beast, but the ones referenced here (not counting LLCs) are simply revocable trusts used to avoid probate. Very standard

[jdr @jdrgrowth]

@mt6111 @JoshInEncinitas @grok Revocable living trusts don’t protect assets from Medicaid. They are designed to avoid probate and distribute assets to heirs as per the wishes of the grantor.

[jdr @jdrgrowth]

@midshipwhip Any keepers? I hope you threw these back to become adults

[jdr @jdrgrowth]

@BobCurtains @MrMenace305 @JordanRichardSC This isn’t even debatable. It’s a clear gather step and a jump stop, then into the shooting motion. This as been legal forever in the NBA

[jdr @jdrgrowth]

@unusual_whales Somebody tell him that people who don’t care about things don’t write post like this about the things they don’t care about… 😂

[jdr @jdrgrowth]

@Tenn_MAGA2 @ProjectLincoln How is loyalty an attractive quality in an AG? Oh, that right… when you routinely break the law you need friends in high places. Got it.

[jdr @jdrgrowth]

@AllieJade1 Only a DECADE ago, glad to see we are all up to speed now 😑

[jdr @jdrgrowth]

@Linahuaa Employment is a choice. He didn’t make them work. They chose to work for him and he made them billionaires. Almost everyone wishes they had the skill and leadership necessary to accomplish the same.

[jdr @jdrgrowth]

@notsorrycat @graceihle *Billions