John Scherr is the founder and President of WhisperNumber.com, an independent financial research firm focused on earnings expectations. He is a regular contributor to Fox Business Network, and has been featured in Barron's, the Wall Street Journal, and MarketWatch. He is considered a leading expert on 'whisper numbers' and post earnings price movement analysis.
I am 40 and would like to retire before 60. I am fortunate to work for a state government and I am vested in their pension. So, I am set when I turn 60+. Because I don't have to worry about saving for a normal retirement age, I have been able to put almost all of my savings towards the goal of early retirement, by investing in a taxable brokerage account.
Hong Kong SFC licensed professional in investment advisory and asset management. Over 35 years combined experience in investment banking and fund management business, specialising in Hong Kong/China as well as Asia ex-Japan equity
Independent retail investor. Interested mainly in acquiring solid DGI stocks for the long term, employing a smaller portion of funds to higher risk/yield securities. Occasionally employ options to enhance returns or manage risk.
I plan to retire this year after working many years as an engineer in the Oil and Gas industry. I am currently focusing on optimizing my investment income for retirement.
I have several accounts to manage, including: a 401-K from my current employer which has limited choices and, with retirement imminent, is presently very conservatively invested; a self-invested traditional IRA; and my Roth IRA which has been built up through conversions from the traditional IRA over the past few years. Taxes on the conversions have been substantial, but mostly have been paid out-of-pocket.
I now have a tax free income stream from the Roth equal to my Social security payments at retirement, sufficient for "spendable" income equal to my current salary, with the understanding that about 1/4 of my salary currently goes to savings and when I stop saving and start spending, I will have the same disposable income.
I think of the Roth IRA as an income engine, powered by leveraged ETNs such as MORL, DVHL, BDCL, SMHD, and LMLP in more or less equal weights. If all goes as planned, the Roth will provide sufficient monthly earnings income, while conservative core holdings in the IRA and 401-K funds drop down earnings income through Roth conversions. These taxed funds will provide supplemental income that will in part be used to fund a growing tax free income stream from the Roth. The traditional funds will not distribute capital, only earnings each year, and will function as a life insurance policy / emergency fund to be used if needed.
Quote: "It is well enough that people of our American nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Disclaimer: My articles and comments do not contain investment recommendations or personal investment advice to any specific person for any particular purpose. Any article or comment is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Do your own research or obtain suitable personal advice. You are responsible for your own investment decisions. Any information I publish is not a recommendation or solicitation to buy or sell securities, nor am I a registered investment advisor. Investing carries risk of loss and is not suitable for all individuals.
We are a tax consulting and company formation firm located offshore in the sunny, tax free Bahamas since 1990. I've formed over 1,030 Bahamian IBCs and 360 Anguilla IBCs since 1990.
◾Anguilla is a UK overseas territory with same tax status as Cayman Islands.
◾All the money and technology to create their offshore registration services came out of London.
◾Anguilla was one of the very first tax havens that adopted an online registry service.
◾QEII is the head of State.
◾Got questions? email firstname.lastname@example.org
The Caribbean tax havens have grown to rival New York and London as a place to hold family assets, and the US FET is one reason why there are so many offshore companies there.
480,000 IBCs in BVI;
100,000 “exempt companies” in Cayman;
45,000 IBCs in the Bahamas;
30,000 cos in Bermuda
25,000 IBCs in Anguilla
None of the Caribbean (tax) havens levy an estate tax.
Nobody is much interested in tax avoidance any more, so I'm posting Tom's Fishing Gallary pictures instead http://bahamasbahamas.com/images/gallery.html
Personal info here https://www.linkedin.com/profile/preview?locale=en_US&trk=prof-0-sb-preview-primary-button
and PFIC / FATCA info for planners https://www.linkedin.com/pulse/new-irs-form-8938-created-fatca-2010-can-filing-avoided-tax-havens?trk=prof-post
JPMorgan/Chase writes on U.S. Estate taxation: "Because stock of a foreign corporation (in a no tax haven) is not subject to U.S. estate tax, holding U.S. situs assets through a foreign corporation constitutes a planning opportunity." http://www.jpmfinancialservices.com/images/PDFs/EstateTaxation.pdf