which guarantees that your grandkids will be multi-millionaires!! I
watched a KOCE pledge drive late last night which featured Estate Planner
Ed Slott talking about retirement planning, i.e. essentially,
the content of his book "Stay Rich Forever &
Ever" His talk was relaxed, clear, exciting, motivating and
full of good information about what to DO set in a bunch of utter scare
stories about people who left big estates and all of it was TAKEN. First
he described how THE AVERAGE CITIZEN is guaranteed to lose everything they
earned in their lifetime. The Nursing home will reliably take all the real
estate, cash and wealth that you ever had. That is the first way. These
cost 9,000 a month nowadays, 2008, but will go up. A LUCRATIVE BIZ by the
way, for the owners, but demolishing inheritances for YOUR HEIRS! So the
second concept is, to stay out of such a HOME, you must stay vital until
you're 100. EAT
WELL, HOLISTICALLY, and DO
YOGA for your joints and bones to stay young. HALLMARK sold 85,000
"HAPPY l00th BIRTHDAY cards last year, so there's a serious chance. When
you get up in years that much, you usually go in an eyeblink, while asleep,
with no illness unless you have chronic pneumonia in your lungs, reappearing
periodically, or are exposed to that microbe in a hospital.
AVOID regular IRAS or 401Ks as the IRS will GLOM on to your heir's take, take ALL of it down to the last dollar by taxing your IRAS, as you didn't leave the cash the right way. Your heirs will get NOTHING. If they take the IRA MONEY it will be taxed into absolute non-existence. First the IRA is taxed, then the heir who tries to spend it is taxed. The details of this grab are in the Slott books. I didn't quite get it, but no IRA ever gives its inheritor a penny is what he said.
LAST, any dollar bills you leave in a safety deposit box are totally
taxed. They don't ask your kids to DUTIFULLY REPORT what was in the box,.
no sir. They go to the bank WITH YOUR KID and OPEN your safety deposit
box with a court order, family and IRS guy together. So never leave valuables
in a S.D.B!!!
UNLESS, say you rack up your car on the freeway, your family knows
to HIT THAT BANK IMMEDIATELY but if it's DAD's box, not the KIDS, that
VISIT is illegal. AND moreover you can;t do it as it's not your box, and
third, the BANK leaves a record of your visit. So save yourself those
fees. If you are making thousands in cash over the years, not wanting to
use CITIBANK as it COULD go broke. DITTO BANK OF AMERICA, then water tight
boxes, under the rose bushes! That works. Crystals that absorb moisture
packed around bucks in tight plastic, tape. You can dig up a rose EVERY
JANUARY when it's dormant and rebury it. Only DO TELL THE FAMILY. Some
dumb lady cleaning out the pantry sent the SOUP CAN to the FOOD BANK with
the family jewels in it. If your family doesn't know exactly where the
cash is.....or can't find a MEMO from you, then do this. SAY "IF I HAVE
AN ACCIDENT and DIE and MOTHER IS WITH ME and SHE DIES, then you will open
this letter that is sealed and follow instructions exactly."
THE IRS will look to see if your kid opened a safety deposit box the day you died, and that's an easy piece of info to fish out of banks.
So back to what Slott says ...which is that you must use the three DEVICES that make your wealth go straight to your children and grandchildren and totally escape taxation.. They are THE THREE COLLECTION DEVICES THAT THE IRS and GOV and THE INFAMOUS NURSING HOME racket CANNOT TOUCH.
1.) LIFE INSURANCE - This will go to whom you say and cannot be taxed. Give each child a million dollar policy. Great start up a biz money. Leave them some htm files or LIVE LINKS that lead them to a free seminar on HOW TO START A COTTAGE INDUSTRY.
2.) ESTATE TAX EXEMPTION is TWO MILLION PER PERSON. You can leave up to two million and the IRS cannot touch it. Great for a wife or child. But not both.
3.) CREATE an IRA with a SPECIFIED BENEFICIARY.Never leave it to a mate as who knows if they'll even outlive you and everything in it could vaporize. Instead, leave it to a loved grandchild as the IRA can then become a STRETCH IRA. While it lies around waiting for the grandkid to cash it in, the thing keeps multiplying at an 8% per annum rate, so the principal GROWS.. If you leave it to your child who's forty years old, over their life it will become 15 million. But if you leave it to a grandchild who is one year old, over their life, it will become 163 million, all of it tax free. Now, if your child drives badly and he's your beneficiary, age 40, pick a contingent beneficiary, designating a first born grand child.
If you have IRA's now, update your beneficiaries immediately to grandchildren. Get spouse's name off it!
Slott says not to bother using your 12k a year tax free gifting privilege as it's just money and evaporates without trace. Kids buy one car and the moneys gone. You are forgotten. A better use would be to spend that money with your grandchildren and kids, Disneyland, Paris, Tuscany, Bali or Vietnam. Get a video camera. Shoot the entire vacation with these beloved relatives. That gift will last a thousand years and boy will they remember the grandparent decades from now while they've got both your many millions and the videos with Mickey Mouse grabbing granny's waistline.
Now if you also used the "Rich Dad Poor Dad" series related to
real estate holdings, and left those properties in a TRUST, you would probably
have a system to make your stay on earth VERY profitable for those you
love.
AND THE IRS would be enraged!
Don't bother googling "Ed Slott" as you will only come up with his BOOKS for sale. He does not teach freebies online until I wrote this. Oh well, he's collecting for his heirs as we all should probably be doing but DO take down the titles and go to ABEBOOKS and buy them used. Or have your library order them from other libraries, usually a 25c fee. They phone you when they come in.
So get busy building that estate, ya hear? This whole concept will motivate you to get your butt in gear, won't it? The concept really motivates ME! I can just see little Felicia in Hawaii and Vivianna and Ayanna in California having all those millions (AND my files on how to run an import/ export business, or do a FAMINE CHARITY.)
* * * * * * * * * * * * * * * * * * *
Dear Anita. Loved
the MONEY SECRETS INDEX! Could you send me a list 
of
all the other SEMINARS, trainings you have? Fat archives with whole seminars
in them? I hear there’s the HOW TO MARRY
WELL seminar, also called the LUCK
IN LOVE WEBSITE, 150 articles on the RUTHLESS RULES OF
ROMANCE. You send all 150 articles, hear? I'm single and I want to see
that one. I hear you also have a dynamite HOLISTIC PET, HOW NEVER TO NEED
A VET...index page. I know you have a HOLISTIC
HEALING SECRETS FOR HUMANS course, fifty files long? Heal
any disease, prevent any genetic malady pre-existing in my family tree.
Could you email me that? And the entire EASY PATH
TO BE A MILLIONAIRE SEMINAR (How to avoid taxes, how to run
a lucrative Cottage Industry, Frugal living. Frugal Gardening, Building
a Farm Home, RECESSION TECH SECRETS,
Urban Survival, List of all Future "THINGS TO COME".and Jerry's Refrigerator
the Conspiracy Theory Archive with the Tin Foil Hat collection of Conspiracy
theories, want that one.) Here's TWO BUCKS via
PAYPAL! Send the entire SEMINAR to me by EMAIL as soon
as you get my payment. I will send you my e-mail address ---oh, actually
Paypal includes it when they send you the note that I sent
2$. I understand that I can freely share the
seminar with my pals and post them at my own website. And for that
I THANK YOU! P.S. send me list of all the seminars so I can pick
one that's totally ME!
RIGHTO! CLICK ON THE word PAYPAL
or on graphic above & you GO THERE IMMEDIATELY and in a few key
strokes, send a donation & immediately get piles of SURVIVAL SEMINARS
sent you on the subjects you desire. ASTROLOGY@EARTHLINK.NET
is email to use to identify me to PAYPAL and also in case you wanna tell
me which you want ..write me there.
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