Average Reviews:
(More customer reviews)Dan's Market Street Financial Advisors office is in my neighborhood, so when I hear he was writing a book I was eager to read it and understand his approach to taxes and investing. Given the current national debate on new and increased taxes, this is an extremely timely topic. Dan provides concrete information and action plans for the average investor. I was impressed on several fronts:
1.Dan has a sharp wit and an engaging writing style. He makes a subject that most of us have never heard of easy to understand and fun to read about. His personal stories and strong opinions inspire you to take control of your money.
2.Dan shows how people remain complacent as their money is taxed multiple times. He shows how the same dollar we earn is subject to tax four different times - income tax, dividend tax, capital gains tax and estate tax. And, these taxes are all increasing in the near future! His analysis of our tax national tax situation shows the tax burden the average investor faces.
3.Dan exposes how our tax dollars are given to causes we may not support. He shows how our overtaxed dollars go to government "pork" (see table 2.1 for some unbelievable examples), making us "Accidental Philanthropists". He calls this "adding insult to injury" - tax us heavily and then spend it against our wishes.
4.Dan outlines how using two simple financial tools will prevent us from becoming accidental philanthropists. In a clear and easy to understand manner he explains how the combination of The Charitable Remainder Trust and The Cash Value Life Insurance Contract create "The Power of Charitable Leverage". These tools allow people to keep more of their money and decide how the remainder will be spent.
I consider myself an informed investor, but this was an eye opening book for me. Every American who wants to take control of how their hard earned money is spent should read Dan's book and consider his recommendations.
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The Power of Leveraging the Charitable Remainder Trust: Your Secret Weapon Against the War on WealthA practical guide to avoiding accidental philanthropy and controlling your tax destiny
Written by Daniel Nigito-a financial services expert whose programs have saved families millions in tax dollars and created millions more for charities across the United States-this timely guide will show you how to use the simple, yet powerful strategy known as "charitable leverage" to regain control of your financial life.
This proven approach, which allows you to become a partner with charity while gaining control over your tax destiny and providing for you and your family, taps into the unique tax characteristics of two financial instruments-the Charitable Remainder Trust (CRT) and Cash Value Life Insurance (CVLI)-in order to achieve some amazing goals.
Offers insights on increasing your current income while paying less tax on it
Discusses how to develop real asset protection without moving your money offshore or using complicated and often questionable tax schemes
Details how you can build a personal tax-deductible retirement account that does not interfere with other retirement plans
The best way to avoid becoming an accidental philanthropist is by understanding how to make taxes work for you. The Power of Leveraging the Charitable Remainder Trust will show you how to do this and, in the process, add meaning to your money.
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