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Tag Archives | Asset Protection

Trust With Caution; Protect Yourself From Scammers

Early this year, dozens of expatriate Americans living in San Miguel de Allende, Mexico, found out that an employee of Monex Bank had emptied up to 158 accounts of some $40,000,000. Many of the customers lost their entire retirement savings. In this case, the all too familiar scam of promising returns “too good to be […]

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Avoid Costly IRA Mistakes

Investing through an IRA is a foundational method of retirement saving. Opening and contributing to an individual retirement account is not hard. That doesn’t mean IRAs are simple and easy to understand. Learning how to avoid IRA mistakes can save you money.

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Asset Protection and the Panama Papers

The release of the Panama Papers has created a number of recent articles critical of South Dakota’s asset protection statues and lack of an income tax. The Panama Papers are over 11 million leaked documents containing sensitive information for 214,000 offshore companies set up by Mossack Fonseca, a Panama law firm. The leaked documents bring […]

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For Asset Protection, Paperwork Matters

A basic strategy for asset protection is to hold various assets in different entities. Putting real estate, small businesses, and other assets into trusts, corporations, or limited liability companies (LLCs) is effective protection that is relatively easy to put into practice. Not only do I recommend this strategy to clients, I use it myself. Recently, […]

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First Asset Protection Strategy: Overcome Your Own Beliefs

Besides helping you build wealth, your financial planner should also offer ways to help you protect it. Yet one aspect of comprehensive financial planning that doesn’t always get a lot of attention is asset protection. The most common ways to lose assets are divorce, bankruptcy, and judgments filed against property as the result of a […]

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