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I'm guessing most people haven't even laid out the spending phase of their Bitcoin acquisitions--me included until yesterday. Seeing these numbers extrapolated out is very eye opening and from a FIRE standpoint really highlights the power of Bitcoin.

SuiGenerisJohn 5mo ago

I did it a few months ago estimating the amount I'd have to live on under the threshold for paying taxes on capital gains which is higher than you might expect here in the us. I think right now its like $88k for married filing jointly no taxes on capital gains (long term) I could be wrong (not tax or legal advice), but it was pretty auspicious assuming you start with a pretty decent stack

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Discussion

AC 5mo ago 💬 2

Right and the plan I'm working on with this AI prompt includes utilizing the tax code to maximize tax efficiency to withdrawal from retirement funds for Roth conversion ladders or other minimize future RMDs.

SuiGenerisJohn 5mo ago

We live in the future. Goal: Make sure my family has sufficient character, will and resources to pursue purpose, a piece of land, and a little time to see my son thrive. Land soon (no tm)

AC 5mo ago

Exactly what's driving me to figure this out. More time with family and passion projects.