Anybody Know How To Protect Assets??

[Anonymous 6]

I was just thinking about asset protection. Whether it be a house or investments, or just financial accounts. Does anybody here know how to protect your assets? I have read some things about Trusts, LLC Corporations, Off-Shore Accounts etc….

Anybody have any advice.

[Soldier-MedicParticipant 2566]

On a micro level?

A universal Indexed Life Insurance policy is a good way to go.

Stay with me. You get a death benefit and for those of you young enough to get a physical that doesn’t show polyps, the premiums are lower than for old farts like me. Also there is a cash accumulation. This means you can put in extra over and above the premium and it accrues interest, but has a guarantee on the principle. This is batter than an IRA or 401k, any day. Okay, why does this matter to you? The cash accumulation can be withdrawn in the form of a ‘loan’. This is tax free because insurance policies are tax free from fed income tax.

Check it out. Penn Mutual Accumulation Builder II.

Geez doc. You sound like every other retiree trying to sell something.

Just because I have a pension income and disability doesn’t mean that it will serve me through my 80’s.

Also, Insurance policies may be exempt from property settlements if you are the owner of the policy, during a divorce. Especially if the beneficiary is ‘Phil’, your nephew.

So you get to use your own investments, tax free, without interference from the ex-vagina.

Take a look for yourself.

Edit

BTW. Rich people use this s~~~ all of the time. The insurance companies don’t have to advertise because the rich already know about it.

Also, given the rate of inflation, any ‘guaranteed’ income will halve in value ever 20 years. That is to say. $1,000 of income will be worth $500, 20 years from now, and be worth $250, 40 years from now. Start investing now my brothers.

"I asked you a question. I didn't ask you to repeat what the voices in you head are telling you" ~ Me. ........Yes I'm still angry.

[Ronin De NiroParticipant 200]

I was going to say 3G(Guns, Gold and Getout plan) if you are being hardcore, but Went Camping beats me on it.

[RusskyParticipant 13503]

1) unique skills always in demand
2) ammo, storable food, fuel, gold jewelry, tools, equipment, antibiotics, painkillers, kick-in proof doors, burglar bars on windows
3) preppy friends living in the boonies, friends on army bases, ways to cross border and take on different identity (passport)
4) offshore accounts and relatives
5) ocean yachts, islands and helicopters
6) pass to COG bunker
7) having dirt on country leaders

proud carrier of the 'why?' chromosome

[BeerParticipant 11832]

I think 401ks/IRAs are untouchable in bankruptcy or in the event that you get sued.

LLCs are great if you intend to get into rental properties…start a bunch of LLCs and put a few rentals in each…should something stupid happen on one of the properties and someone tries to sue you, they can’t sue you personally or go after all your LLCs, they can only go after the LLC which “owns” the property where the problem took place.

[RusskyParticipant 13503]

Investing in telecom internationally always seemed like the best way to protect equity assets. Even in hardest calamities on markets – both nationalizations and privatizations I personally lived through – those shares are always liquid and pay dividends when nobody else does it. Just a little hint

proud carrier of the 'why?' chromosome

[ILiveAgainParticipant]

But always remember….

If you give your assets to others … and you get some paper in return …

The government can and will void it should the need arise.

Yes cover your ass but also have some physical back up methods on the go.

When your assets leave your hands … and given to others …. they are not doing it out of charity.

Cover ALL your bases.

What is the minimum you can survive on? Then keep that amount as physical.

Then what’s left you can hedge.

[Solo MAN’S WisdomParticipant]

STAY SINGLE

When women lead, destruction is the destination. -- Me.

[Anonymous 17]

You forgot to mention from whom you want to protect your assets. Women or the government. Since this is a MGTOW site I will assume it is women.
First if you want to have children it’s not good to occupy yourself too much with money. It’s nice to have a nest egg though. To solve the problem of your wife taking half of your patrimonium you can live in a very modest house or if you want to live in a nice house you can put the house in a gay friend’s name. Since gay friends are more loyal than wives you are less likely to lose your house although if you do lose it, you lose everything instead of half. Your wife is less likely to divorce you if she gets little or nothing, so this protects your children from growing up without a father. For money you could fly to Belgium a few times a year and take $10,000.00 with you. You can also buy gold and put it in a safe in your house. Be sure not to tell anyone you have a safe or that you have gold.

[Author]

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