Q & A
Question from carolyncoffen:
Good morning, Mtn Goat,
I read an article earlier coming out of Iraq, stating the best way to protect your future wealth after the RV was to purchase ‘Government Bonds.’ Are we able to purchase those bonds? Thank you for your time and consideration. Have an awesome weekend.
Answer Mnt Goat:
Guten Tag Carolyn again. Seems you are victim of rumors off the internet. Don’t believe everything you hear. They are using all kinds of propaganda to push consumers in different directions, the direction they want. I am not sure what you mean by asking will you be able to purchase the government bonds. Do you mean from the bank when you exchange or meet with a wealth manager? Any way government bonds are available right now to purchase, if you desire. So, your questions is weird. But I can address other more secure ways to protect your money, if this is really what you are researching.
My personal opinion and options are if you a very large amount of money like $10 million + go see a trust attorney and first have a trust set up. Then pay off all your debt, then move the remainder to the trust. Get the money out of an ordinary savings account. The money will still be in the bank but under a different entity not subjected to certain government regulations. The money entirely changes its “ability” under a trust, for lack of better terms.
I like “simple” trusts. I also recommend a trust in perpetuity which means it can not be dissolved or penetrated if you are sued. The trust will live on even after you are gone. Of course, the trust will not be under your name anyhow. You will be the “grantor” only. Attorneys will have a difficult time finding these trusts.
You will have to hire someone or use a family member to be the “trustee”. A grantor can not be the trustee. You will own nothing but still have everything. Inside the trust you can purchase, what I like, is fixed annuities. Some call these “trust funds” and they can vary in investment options. And be a mixed bag of investments geared towards trusts. Yes, you can also have the trust buy some government bonds to mix it up and diversify. I also like precious metals, gold and silver. These are secured and very safe.
Remember the trust is purchasing these investments not you.
Let the Trust Fund pay the trust a fixed monthly payout. Then have a payout scheduled for you and or family members. This will go into your checking or saving account to which you will use to pay your bills and live.
There are also hybrid annuities where the rates are part fixed and part variable to market fluctuations. Depends on how much risk you are willing to take. There are also some mutual funds that do very well. You can add on, for a fee, all kinds of riders to the annuities too which will benefit the benefactors (you) of the trust. I hope this was helpful to you and anyone else reading this.
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