[Babubhat]

2022 Obamacare subsidy calculator | healthinsurance.org

You may have the ability to control the income for the subsidy calculation by shifting income or creating deductions. Take a bit of planning. It’s too late if you wait until filing. Ask your tax advisor . It has a terrible cliff to it

[OhioBuckeye]

You’re right travel less because sitting around & talking about it won’t fix anything!

[justjim]

I’ve observed upper income friends and acquaintances “hog” their estate (which they earned) and when they passed their kids and grandkids had no idea what to do with the money and ended up squandering most of the estate in a year or two. Seriously consider helping them why your alive and you can help with their education and home purchase, etc. By doing that, you can make a better impact to see that your hard earned money goes for the most good. Just a thought. I’ve seen inflation much worse during my lifetime as it can be cyclical. The Federal Reserve should have responded quicker, however, hindsight is “20-20”. In modern times, we have not had a world wide pandemic either and our government should have responded quicker and better because it was predicated by scientists years ago. Again “20-20”!

[Babubhat]

You don’t want your heirs driving to your funeral in a new Porsche from inheritance

[jimbomaybe]

Originally Posted by justjim

I’ve observed upper income friends and acquaintances “hog” their estate (which they earned) and when they passed their kids and grandkids had no idea what to do with the money and ended up squandering most of the estate in a year or two. Seriously consider helping them why your alive and you can help with their education and home purchase, etc. By doing that, you can make a better impact to see that your hard earned money goes for the most good. Just a thought. I’ve seen inflation much worse during my lifetime as it can be cyclical. The Federal Reserve should have responded quicker, however, hindsight is “20-20”. In modern times, we have not had a world wide pandemic either and our government should have responded quicker and better because it was predicated by scientists years ago. Again “20-20”!

I am curious as to what you think the government should have done "quicker" "better" ?

[Michael G.]

Many senior friends of mine are slowing giving their sons/daughters some of their inheritance while their living.

I'm sure there is a certain percentage of financial guidance involved with mom and dad that comes with it.

[justjim]

Originally Posted by jimbomaybe

I am curious as to what you think the government should have done "quicker" "better" ?

Too easy to get political and best not go in that direction and not allowed on TOTV.

[justjim]

Originally Posted by Michael G.

Many senior friends of mine are slowing giving their sons/daughters some of their inheritance while their living.

I'm sure there is a certain percentage of financial guidance involved with mom and dad that comes with it.

Good to hear.

[Michael G.]

Originally Posted by justjim

Too easy to get political and best not go in that direction and not allowed on TOTV.

Smart choice unless to want to get spanked by the mods.......

[MartinSE]

Inflation is a fact of life with an economic model based on constant growth. It seems to come about every 10 years.

With a world based economy, with 7 billion people, a lot of the economic models so far have been based on constant growth. I believe that will need to change. Ideally, a steady state economy with no money.

But, what do I know - LOL!

[Babubhat]

Use a trust

[rustyp]

The hedge against hyperinflation predicted by many economists is bitcoin. In fact many economists predict bitcoin will become the world's reserve currency. El Salvador last year was the first country to recognize bitcoin as a reserve currency alongside the US dollar last year. Tomorrow starts the 2022 bitcoin conference in Miami. It is rumored possibly up to another dozen countries will make the same announcement at the conference. We are witnessing the demise of a world currency held by one country.

[Packer Fan]

Originally Posted by jimbomaybe

I am curious as to what you think the government should have done "quicker" "better" ?

I will answer that one because it is so easy. Even though he said it "in hindsight" I can point to many Facebook posts I made and friends I told a year ago. I lead the Supply Chain at a large corporation (in the S&P500). At the beginning of 2021 I saw inflation, and started to call on The FED to raise rates, and the government to stop ALL subsidies. When the FED said it was transitory, I said it was not, and they should raise rates. When the Federal Government started its war on oil, I said this would end badly. Well the chickens have come home to roost. Inflation is RAMPANT. I spend all my days discussing price increases with suppliers - This week - Nylon, Polypropolene, Corrugate, plastic packaging, and drawer slides and the week is just getting started. Thes price increases are round 4 by my count and will not hit consumers until the second half of this year. Labor and Oil are the cost drivers. All those kids you people raised trying to be their friends don't want to work, and we want to go beg everyone else to produce more oil instead of working with our domestic industry. The solution?

1. Raise the Fed Funds rate by 1/2 percent this month, and by 1/4 every month going forward.
2. Unlimited drilling leases and restart the Keystone XL pipeline.
3. Fast track the 6 other new pipelines for Gas and Oil that regulators are sitting on.
4. Go back to the Clinton era regulations on Welfare and make everyone work.
5. Cut back US government spending by 10% immediately.
6. Open up LEGAL immigration to 5 million legal immigrants from Central and South America a year with a clear path to citizenship - you work for a company in the US with a clean work record for 10 years, pass a US history and English test and we make you a citizen. NO ILLEGALS get citizenship. They have to go back and get in line. We need workers BADLY and this would give them to us.

The solution to this is simple, but the Federal reserve and the President are not willing to do it, so my suggestion is buy real estate, stocks, and commodities. Also wait until 70 to take your Social Security, but that was a no brainer before this. It is the best inflation protection you can buy.

BTW- I tried to stay away as much from Politics as I could here by offering direct solutions. I really don't care what party it is, something needs to be done.

[MartinSE]

Bitcoins use an enormous amount of energy to mine, resulting is contribution to climate change. Bitcoins use an enormous amount of computers/GPUs to mine, using rare earth minerals.

There are better alternatives.

[Babubhat]

There are hundreds of coins. Nothing special about Btc other than hyped by media and those who paid little for it. Speculators love action. Just another tulip based on faith. It’s great until it isn’t