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Subject:  Re: Judgment proofing investments Date:  9/28/2007  10:06 PM
Author:  theHedgehog Number:  1096 of 1701

I may be misunderstanding but it seems like you're asking two questions, one on insurance (or did you mean that metaphorically?) and once on judgement proofing.

My only interest, with this post, is with judgment proofing.  The insurance comment was just a reference to holding enough insurance to protect against any likely judgments, not as an investment.  I believe that there are some protections for insurance vehicles, as well, but I have no interest in them.  As to the investment mix, etc, I've done the math and am satisfied with my investment mix and withdrawal rate.

I was just looking around a bit on the web, and this subject seems to be the realm of survivalists and tax scofflaws.  I couldn't find much about legitimate asset protection that wasn't either "bury your gold in your yard and guard it with a gun" or some offshore investment scam.  Looking in my state's statutes, it seems like they have most things covered(prohibited); including a limit of $10,000 on your homestead.  Retirement accounts are protected, but it looks like I have to have income to be able to contribute.  It's a bit late for that for me, in any case, at age 55. 

At a guess, I'd say that the legislators didn't really contemplate the amount of wealth that would be tied up in protected retirement accounts, when they gave them protection.  Another ob