Retirement

The information furnished on this website is for informational purposes only. The information does not and should not be considered to constitute an offer to buy or sell securities. The information should not be relied upon by any person to make an investment decision.

mega backdoor Roth 401K provide the advantage of dollar cost averaging, no required minimum distributions and tax free withdraws in retirement

economic development districts also provide some possible options for tax free growth

Wealthy individuals also use trusts and nested trusts to minimize taxes. One common one is the Charitable Remainder Trust. These allow highly appreciated assets to be contributed to the trust with a step-up in bases and a tax credit. More complex strategies involve nested trusts. Individuals interested in trusts should work with a trust attorney and other professionals such as CPAs and financial planners to develop a plan.

Another populate strategy for some wealthy individuals is know as "Buy, Borrow, Die". In this strategy, individuals take out a loan against their assets and live off the proceeds while repaying the loan.