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Re: renaissance man post# 77718

Tuesday, 07/20/2010 10:45:27 AM

Tuesday, July 20, 2010 10:45:27 AM

Post# of 232957
Yes, if you read the example that what I implied. Been in the financial services business for 30+ years. At some point you have to pay taxes on it or your heirs do unless you die this year that is! If you get a deduction now they get you later. I have some KATX in a cash, IRA and Roth account plus the KATG. If or when we hit it big I will buy a large life insurance policy which will be owned by a trust to pay the future tax liability to my heirs.