How to Pass It On to Your Heirs
Every small business owner should use one tax shelter every year. It may mean the difference between retiring comfortably and not retiring at all: a Section 408 trust. A Section 408 trust gives you the ability to earn money, avoid paying tax on it today, transfer it into a savings plan where it grows without a tax, invest it basically anywhere you want, and then only pay the tax when you spend the money years down the road. That is a big deal.
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