backdoc » October 24th, 2014,
THE FOLLOWING IS IN NO WAY INTENDED TO GIVE ANY FINANCIAL ADVICE JUST FOR THINKING
NOW WHAT DO I DO?
I WANTED TO SHARE ANOTHER OPTION FOR FOLKS WHO ARE NOT WANTING TO SPECULATE IN THE MARKET IN ANY WAY ONCE THEY RECEIVE THEIR BLESSING.
BEFORE I SHARE IT LET ME GIVE YOU A THOUGHT PROCESS THAT MAY BE HELPFUL.
THE FIRST THING I WILL DO IS HIRE A TAX ATTORNEY TO EVALUATE MY TAX CONSEQUENCE OR OPTIONS. A CPA MAY BE HELPFUL IN WORKING WITH THE TAX ATTORNEY.
....
THE FOLLOWING IS IN NO WAY INTENDED TO GIVE ANY FINANCIAL ADVICE JUST FOR THINKING
NOW WHAT DO I DO?
I WANTED TO SHARE ANOTHER OPTION FOR FOLKS WHO ARE NOT WANTING TO SPECULATE IN THE MARKET IN ANY WAY ONCE THEY RECEIVE THEIR BLESSING.
BEFORE I SHARE IT LET ME GIVE YOU A THOUGHT PROCESS THAT MAY BE HELPFUL.
THE FIRST THING I WILL DO IS HIRE A TAX ATTORNEY TO EVALUATE MY TAX CONSEQUENCE OR OPTIONS. A CPA MAY BE HELPFUL IN WORKING WITH THE TAX ATTORNEY.
....
NEXT, I WILL RELOCATE TO A TAX FREE STATE SUCH AS FLORIDA,TEXAS,OR NEVADA.
NEXT, AFTER REVIEWING TAX SCENARIOS I WILL DECIDE HOW MUCH I CAN GIVE BEYOND 10% TO REDUCE MY TAX BILL TO THE FEDERAL GOVT..
ONE WAY TO HELP REDUCE MY TAX BURDEN IS TO USE THE APPROPRIATE FORM OR FORMS TO LEGALLY GIVE THE NEWLY APPRECIATED CURRENCY TO A 501C3 LIKE A CHURCH ECT. PRIOR TO EXCHANGING IT.
THIS ALLOWS ME OR WHOEVER TO REDUCE THE TAX BILL BY THE APPRECIATED VALUE DOLLAR FOR DOLLAR OFF MY TAX BILL. I LEARNED THIS TIP FROM A FELLOW CHRISTIAN TRADER.
ONCE I ACQUIRE THE NAME OF THE FORM I WILL SHARE IT FOR THOSE INTERESTED.
THEN I DECIDE WHICH BANK I WILL BEGIN EXCHANGING AT I WILL NEVER LET THE CURRENCY OUT OF MY LINE OF SIGHT.
NEXT I WILL ASK FOR 20 OR MORE ORIGINAL COPIES OF A LETTER THAT STATES THAT THE FUNDS I AM DEPOSITING ARE OF A GOOD SOURCE!! IE NOT DRUG MONEY LOL
ONCE I DEPOSIT THE FUNDS I WILL MOVE THOSE FUNDS WITHIN THE BANK TO A NEW ACCOUNT IMMEDIATELY.
I WANT TO MAKE SURE THAT THIS ACCOUNT IS NOT ALLOWED TO HAVE ONLINE ACCESS.
ANOTHER OPERATIONAL ACCOUNT CAN BE USED FOR ONLINE PURPOSES.
NEXT, I PLAN TO MOVE MOST OF MY WEALTH TO ASSET MANAGEMENT ACCOUNTS WITH BROKERAGE HOUSES LIKE: FIDELITY, ETRADE, AMERITRADE, SCHWABB, SCOTTRADE, ECT.
ALSO, I MAY USE THE PRIVATE BANK WITHIN A BANK SUCH AS A FIFTH THIRD PRIVATE BANK.
AS FAR AS DECISIONS ABOUT HOW I WILL MANAGE MY MONEY IT WON’T COME FROM WEALTH MANAGERS OR A FINANCIAL PLANNER AS MOST OF THEM WILL LIKELY HAVE LITTLE KNOWLEDGE OF THE NEW REALITY.
NEXT, AFTER REVIEWING TAX SCENARIOS I WILL DECIDE HOW MUCH I CAN GIVE BEYOND 10% TO REDUCE MY TAX BILL TO THE FEDERAL GOVT..
ONE WAY TO HELP REDUCE MY TAX BURDEN IS TO USE THE APPROPRIATE FORM OR FORMS TO LEGALLY GIVE THE NEWLY APPRECIATED CURRENCY TO A 501C3 LIKE A CHURCH ECT. PRIOR TO EXCHANGING IT.
THIS ALLOWS ME OR WHOEVER TO REDUCE THE TAX BILL BY THE APPRECIATED VALUE DOLLAR FOR DOLLAR OFF MY TAX BILL. I LEARNED THIS TIP FROM A FELLOW CHRISTIAN TRADER.
ONCE I ACQUIRE THE NAME OF THE FORM I WILL SHARE IT FOR THOSE INTERESTED.
THEN I DECIDE WHICH BANK I WILL BEGIN EXCHANGING AT I WILL NEVER LET THE CURRENCY OUT OF MY LINE OF SIGHT.
NEXT I WILL ASK FOR 20 OR MORE ORIGINAL COPIES OF A LETTER THAT STATES THAT THE FUNDS I AM DEPOSITING ARE OF A GOOD SOURCE!! IE NOT DRUG MONEY LOL
ONCE I DEPOSIT THE FUNDS I WILL MOVE THOSE FUNDS WITHIN THE BANK TO A NEW ACCOUNT IMMEDIATELY.
I WANT TO MAKE SURE THAT THIS ACCOUNT IS NOT ALLOWED TO HAVE ONLINE ACCESS.
ANOTHER OPERATIONAL ACCOUNT CAN BE USED FOR ONLINE PURPOSES.
NEXT, I PLAN TO MOVE MOST OF MY WEALTH TO ASSET MANAGEMENT ACCOUNTS WITH BROKERAGE HOUSES LIKE: FIDELITY, ETRADE, AMERITRADE, SCHWABB, SCOTTRADE, ECT.
ALSO, I MAY USE THE PRIVATE BANK WITHIN A BANK SUCH AS A FIFTH THIRD PRIVATE BANK.
AS FAR AS DECISIONS ABOUT HOW I WILL MANAGE MY MONEY IT WON’T COME FROM WEALTH MANAGERS OR A FINANCIAL PLANNER AS MOST OF THEM WILL LIKELY HAVE LITTLE KNOWLEDGE OF THE NEW REALITY.
NOW I WILL SHARE A IDEA THAT SOME FOLKS MAY WANT TO CHECK OUT IN FACT I MAY DO THIS WITH A PORTION OF MY OWN WEALTH.
QUALITY INSURANCE COMPANIES OFFER PRODUCTS THAT ARE CONTRACTS FOR WEALTH PRESERVATION.
A PERSON CAN INVEST INTO A PRODUCT THAT GUARANTEES A CERTAIN PERCENTAGE ON THE MONEY INVESTED WITH A GUARANTEE FOR YOUR PAYOUT NOT TO GO DOWN BUT COULD GO UP!
WHEN YOU PASS AWAY THE REMAINDER OF THE ASSET CAN BE GIVEN TO MY HEIRS. SOME OF THESE PRODUCTS CAN BE COMBINED WITH LIFE INSURANCE IF YOU WANT IT OR NOT!
LIFE INSURANCE RECEIVED IS NOT TAXABLE TO YOUR HEIRS!
JUST SOME MORE TO CHEW ON WHY WE WAIT FOR THE BLESSING! DOC
THE FOLLOWING IS IN NO WAY INTENDED TO GIVE ANY FINANCIAL ADVICE JUST FOR THINKING
QUALITY INSURANCE COMPANIES OFFER PRODUCTS THAT ARE CONTRACTS FOR WEALTH PRESERVATION.
A PERSON CAN INVEST INTO A PRODUCT THAT GUARANTEES A CERTAIN PERCENTAGE ON THE MONEY INVESTED WITH A GUARANTEE FOR YOUR PAYOUT NOT TO GO DOWN BUT COULD GO UP!
WHEN YOU PASS AWAY THE REMAINDER OF THE ASSET CAN BE GIVEN TO MY HEIRS. SOME OF THESE PRODUCTS CAN BE COMBINED WITH LIFE INSURANCE IF YOU WANT IT OR NOT!
LIFE INSURANCE RECEIVED IS NOT TAXABLE TO YOUR HEIRS!
JUST SOME MORE TO CHEW ON WHY WE WAIT FOR THE BLESSING! DOC
THE FOLLOWING IS IN NO WAY INTENDED TO GIVE ANY FINANCIAL ADVICE JUST FOR THINKING
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