In addition, he paid no capital gains on the growth of the CRUT, and he also received a nice tax deduction for giving the gift to the CRUT. What an estate planning tool! So, Let’s Get Ready for a Long and Prosperous Life.
Living longer is something to celebrate! Yet, it takes planning to be prepared for a long and prosperous life. I would like to have a conversation with you. Give me a call and let’s talk. My cell phone # 870- 715-9007. The previous Seven Strategies for Long and Prosperous Life was written by my friend Kim Butler. Kim has written several amazing books that can be found on Amazon. She and her husband Todd own Truth Concepts of which I have been working with their wonderful financial tools since 2007.
Life is Good, it’s what you make it. TLR Part 1 Show Me the Money!
The following story reveals the devastating impact of market risk, fees, commissions, and taxes on your ability to build lasting wealth. It was written by my good friend James L. Benstead, and it’s a powerful illustration of how failing to manage your losses can derail your retirement dreams. Now, let’s look at Jack’s Story. Jack’s Story Jack knew that to succeed as an investor, he needed to make smart, disciplined decisions—guided by professional advice. That was just common-sense economics. But deep down, he also understood that his account had to work harder than most people realized, because before he ever saved a dime, several forces were lined up to get paid first. Jack asked himself a simple question: What would happen if I invested $500 per month ($6,000 per year), earned 10% annually compounded,
67
Made with FlippingBook. PDF to flipbook with ease