<< Previous Topic | Next Topic >>Return to Index  

BEQUEST of millions locked up in Alcor-created endowment

December 21 2010 at 7:41 AM
Rick  (Login recreation)
from IP address


Max legal withdrawal is only 2%---- per year... why not create a CONTROLLABLE self-designed endowment where the withdrawal can be 10%...so the burn rate is MUCH slower... but high enough to cover the Alcor unique situation....

Harvard has bequests and have locked up BILLIONS of dollars while students can't get aid for their education.... this endowment situation was NEVER openly discussed... just executed by edict.

AND the ironic thing is that the disownment of the grandfathering policy was made just before this post... where this pool of funds COULD have been used to BACK UP the grandfathering policy.

Furthermore, this bequest could have been advertised as a way to encourage MORE cryos to leave bequests to Alcor... but NOT at a 2% withdrawal rate... the endowment is a good idea but self-controlled where if the withdrawal needs to be changed, it can be.

You can respond to this entry without logging in but you won't see it unless or until I approve it.

This message has been edited by recreation from IP address on Dec 21, 2010 8:03 AM

 Respond to this message   
  << Previous Topic | Next Topic >>Return to Index  
Find more forums on Network54Create your own forum at Network54
 Copyright © 1999-2018 Network54. All rights reserved.   Terms of Use   Privacy Statement