Dave Ramsey
π€ SpeakerAppearances Over Time
Podcast Appearances
If you decide I don't want the risk, you're going to have $150,000 in capital gains tax.
He's going to have $150,000 in capital gains tax.
Y'all are managing it for him.
And as you said, that's on the one hand.
On the other hand, if we leave it alone, we don't have any taxes, but we have the risk.
and he passes away, there'll be no taxes on it.
So it's a $150,000 decision.
So I'm going to weigh $150,000 in taxes against the risk that this particular company is going to somehow tank before this elderly, fragile man passes away.
So the answer is this.
Let's just be inappropriately callous.
OK, can I just be mean a minute?
It sounds mean because I'm talking about your dad.
OK, but as long as he passes away before this company does something wrong, then you would not have wanted to move it.
So the sooner he passes away versus the risk, the less the less you would want to do that.
And so I'm gauging his health and his situation.
mathematically sadly against whether we begin to move some of this away and that's what you do so who is the company is it Apple no it's micron hmm
Interesting.