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Originally Posted by garysanfran
With what do you seed the trust fund? Future cash flow? Current savings?
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You would have to seed it with a lot of money, an awful lot of money.
Quote:
Originally Posted by garysanfran
The trust will pay income and cap gains tax yearly. So the fund you set up to pay your tax is getting taxed in the process. However, we all know the Govt. spends it wisely...Just look at the average govt. employee's retirement pension compared with the private sector. What? Your employer doesn't offer a pension?
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My employer offers a pension, but not sure what that has to do with anything.