If you’ve ever wondered how the spendthrift trust can help medical doctors generate massive legal tax reduction in their practices, you’ve come to the right place, although the answers may not be what you’re expecting. In this episode, I walk you through, step-by-step, how to set up the trust infrastructure and the strategies that produce these incredible savings. Enjoy!

If you think you’re paying too much in taxes and/or you need to lock down your personal and business assets with 100% lawsuit-proof asset protection, visit Calendly link below and schedule a free one-on-one consultation with me.

www.calendly.com/dohnthornton/30min

If you want to get some more information about this amazing tax reduction and asset protection strategy, go to this website:

I’m Dohn Thornton. I’m a Senior Trust Specialist. I’ve been an ultra-successful real estate investor in Florida since 2003. I’ve dominated the short sale market in Florida for almost 20 years. I decided that I was paying WAY too much money in taxes all these years and, luckily, I found out about this incredible strategy that helps me legally reduce my taxes to almost ZERO, while getting 100% lawsuit-proof asset protection. I decided to get the word out to as many people as possible so that they can also help keep more of their hard-earned money in their pocket.

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I am not a licensed tax advisor. I do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction….(read more)

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When it comes to planning for your future, one of the most important decisions you will make is choosing the right investment vehicle. There are many options available, but two popular ones are the Spendthrift Trust and the Self-Directed IRA. In Part 16 of our series, we will take a closer look at the differences between these two options.

The Spendthrift Trust

A Spendthrift Trust is a type of trust that is created to protect assets from the beneficiary’s creditors. This type of trust is ideal for those who want to ensure that their assets are protected from lawsuits, bankruptcies, or other financial difficulties.

One of the main advantages of a Spendthrift Trust is that it allows the beneficiary to enjoy the benefits of the trust without having direct control over the assets. This means that the assets are protected from any mismanagement by the beneficiary or any potential creditors.

Another advantage of a Spendthrift Trust is that it can provide a steady stream of income for the beneficiary over a long period of time. This can be especially useful for those who are concerned about outliving their retirement savings.

Self-Directed IRA

A Self-Directed IRA is a retirement account that allows investors to choose their own investments. This type of IRA is ideal for those who want more control over their retirement savings and are willing to do the research necessary to make informed investment decisions.

One of the main advantages of a Self-Directed IRA is that it offers a wide range of investment options. This includes stocks, bonds, mutual funds, real estate, and more. This can allow investors to diversify their portfolios and potentially earn higher returns.

Another advantage of a Self-Directed IRA is that it offers tax-deferred growth. This means that investors can defer paying taxes on their earnings until they withdraw funds from the account.

Conclusion

Both the Spendthrift Trust and the Self-Directed IRA have their advantages and disadvantages, and the right choice will depend on your individual circumstances and goals. If you are interested in protecting your assets from potential creditors, a Spendthrift Trust may be the better option. If you want more control over your investments and the potential for higher returns, a Self-Directed IRA may be the way to go.

It is important to speak with a financial advisor or attorney before making any investment decisions to ensure that you fully understand the potential benefits and risks associated with each option.