• You now become a collection agency, and even though you hold title to the real estate, you still have the stress of dealing with the mortgage. • You have given up control, use, and liquidity of your cash. • This financial strategy will add assets to your estate that could create additional taxes in the future. • Your notes receivable is subject to outside creditors (Nursing Homes). • There is a much wiser financial strategy, and it is using Privatized Family Banking (PFB). • You should earn between 4 to 6% on your money Tax-Free, and you will have liquidity and access. • You can use your PFB to create wealth, or an even better plan is Loan Base Private Split Dollar Plan. • You can create a Tax stream of income. • You will have your money protected from outside creditors. • You will be able to leverage your dollars to create a Tax-free asset for your heirs. • You can use this financial strategy for funding your children's or grandchildren's college education. • The government recommends the 529 Plan. However, with their plan, you have almost no liquidity, and 10% most cases, you have market risk, and you pay fees and commissions, and if you withdraw the money, you pay taxes and a 10% penalty. Wall Street and its advisors do not teach this financial strategy. Why? It makes too much sense and eliminates the fees and market risk connected to Wall Street and its advisors. What other investments have the IRS put limits on the amount deposited, and they increased those limits in 2015? When my great-granddaughter was two years old, I purchased a PUA using a dividend-paying whole-life policy.
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