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Q: Investment vehicles to minimize taxes keeping portion of funds available. ( No Answer,   1 Comment )
Question  
Subject: Investment vehicles to minimize taxes keeping portion of funds available.
Category: Business and Money > Finance
Asked by: vasu01-ga
List Price: $20.00
Posted: 28 Aug 2005 07:19 PDT
Expires: 27 Sep 2005 07:19 PDT
Question ID: 561383
Goals : 1. Minimize current and future taxes; 2. Keep funds available
for future investments (5, 10, 15 years from now).

Status: Married no kids yet, both husband and wife employed, owns a
home with $600K Mortgage on it.

Age : Husband - 32(husband) + 70K (wife) = 168K/Year

401(k) Contribution : Maxed 401(k) offered by both employers.

Roth IRA : Contributing to the yearly limit (4K for 2005) under both
husband and wife's accounts.

Individual Stock: Invests $300 every month in a taxable account. 

Life Insurance : 	Husband has a $500K VUL. Overfunds with $300 per month. 
			Wife has a 15 year term for $500K.

Monthly Expenses : Including Mortgage & Car
Payments/Food/Clothing/Utilities/Entertainment/Misc = 6000.


Questions:

1. Did we pick the best forms of investments, considering our goals;
Are there better altenatives for us to consider?

2. Is VUL a good idea for saving taxes in our case or are there better
alternatives (ex: annuities?) for us to consider.

3. If VUL is a good idea, should we overfund it even more?

Clarification of Question by vasu01-ga on 28 Aug 2005 07:23 PDT
Mixed salary and age lines: Here is the correct information:

Age : Husband - 32 years; Wife 28 years. 
Salary : Husband 98K; Wife 70K = 168K/Year
Answer  
There is no answer at this time.

Comments  
Subject: Re: Investment vehicles to minimize taxes keeping portion of funds available.
From: jaseaux-ga on 28 Aug 2005 11:30 PDT
 
Have some kids.  Transfer assets, especially income producing assets
to kids.  Buy some investment real estate.  Become a real estate
professional (spend 750 hours or more per year working for your real
estate business).  As a real estate professional, you can use your
real estate paper losses to offset your earned income.  Start a small
business.  Invest additional money in SEP IRAs.

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