This is the best part about income RE, esp for high tax state residents. Buy local rental real estate. Let depreciation shield a vast majority of the income stream from both state and fed tax. Think of the rental income like an almost tax free dividend.
Then, you die. Your kids get the property, but since their cost basis gets stepped up to mkt value at the time of your death, there is no depreciation recapture tax to be paid.
Absolutely, but I quit Chinese school after, what, 2 years? Mom was cool with it since I was focusing on English school. I just can’t 100% read Chinese, but if you spoke to me in Canto I should get the jest of what you said. Again, I will leave the Chinese language expertise to my wifey (4 dialects fluently).
Just an observation - my mandarin is way better than my canto, but I found CCSF offers classes in Canto. I took them all as an adult. Really nice way to continue learning, and for tiny cost. As well, I conned my mandarin-only spouse into taking the classes with me, and it was really fun to listen to a mandarin speaker struggle with canto.