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I'm 66 years old and retired from being self-employed. I do not have an IRA or other tax deferred type of vehicle. However I am still "growing" my retirement nest egg, which I accumulated through the years and when I sold my business interest and retired. I am now being hit with $2000-3000 income taxes each year that I would like to avoid if possible. Is there a vehicle I can use to avoid these taxes. (Not bonds please!) Thanks for any info. SamL
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You can convert savings which are earning taxable dividends and get into a Telecom leasing program which assures you over 14% yield and a 20% annual depreciation for the next 5 years. The principal is returnable anytime with no fees or penalties. This establishes a lifetime of residual income as the lease is renewable every 5 years. Works great for me and my Mom. Loy, Registered Investment Advisor.
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You can convert savings which are earning taxable dividends and get into a Telecom leasing program which assures you over
14% yield and a 20% annual depreciation for the next 5 years. The principal is returnable anytime with no fees or penalties.
This establishes a lifetime of residual income as the lease is renewable every 5 years. Works great for me and my Mom. Loy,
Registered Investment Advisor.


What is this?? Some kind of PONZI scam???
I believe in the old proverb, IF it sounds too good to be true, It is.
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I'd really like to know more about the Telecom leasing program.
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I won't touch this leasing program. Why would it be paying 14% and be absolutely safe. The only absolutely safe investments are US govenment obligations. The higher the return the more risky an investment. If it sounds too good to be true it is.
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"Telecom leasing program which assures you over 14% yield and a 20% annual depreciation for the next 5 years.

Caution:
I would check out very closely any investment which 'assures', ensures or guarantees 14% ROI. Heard just recently about the author Tom Clancy being ripped off big-time by an investment scheme which did just that.
Just my opinion and gut reaction...

Regards, Ron W.
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Enough already about the Telecom leasing 14% deal. I need to know if there is something similar to a Roth IRA that I can use to shelter earnings from my retirement investments!!?? Thanks, Saml
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Saml posts..

"Enough already about the Telecom leasing 14% deal. I need to know if there is something similar to a Roth IRA that I can use to shelter earnings from my retirement investments!!?? Thanks, Saml "

Hi Saml,

I am not an expert but have you considered looking into products like Variable Annuities or one of the Stock Portfolio's of MotleyFool?

If you purchase stocks or a Variable Annuity, which has limited use in my opinion, you can control better when you take the earnings. You don't shelter your present income but you do defer the tax on the gains. With Stocks, you will need to avoid income producing stocks that pay dividend because those will be taxed at your income tax rate.

Long Term Capital Gains from the sale of appreciated stocks is only taxed at 20% instead of potentially higher income tax rates.

Hope this helps...

BGP
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