Not long ago there was a wealthy Silicon Valley executive looking to protect his money from the risks of financial markets and future Government income taxes.
After counseling his CPA, Financial Advisor and Attorney he set up a specially designed financial account and put 10 million dollars a year in it for the next 10 years.
At the end of 10 years, he had accumulated over 100 million dollars inside the account. Once his money was inside the account, he would never pay income taxes on it again. During this time he could access his money without taxes if needed.
Through the growth and compounding of his account, the executive would enjoy 14 million dollars a year to supplement his retirement income. All of it without taxes.
None of the cash flow from this specially designed account shows up on his tax return.
It’s all TAXINVISIBLE.
Unlike IRAs and 401ks, there is no annual IRS reporting requirement.