Will your wealth survive you? What kind of Legacy will you leave?
You can create your own Golden Goose of Wealth 4 Generations.
For over 40 years, Legacy Legal has been serving families by creating legacies not just in money, but in values, beliefs and traditions. Using some of the most innovative and advanced legal and tax strategies, Rich Gaines offers individuals and families a way to build, grow and preserve their wealth and most importantly transfer that wealth so that it will be appreciated.
- IRA, Roth IRA and 40(k) Planning
- Children’s Trusts
- Family Trusts
Everyone leaves a legacy. The only question is it one of your own choosing. Family histories that leave a footprint in the sands of time.
Imagine growing your wealth and paying no taxes, ever. That is what a Roth IRA or a Roth401(k) can do for you.
Imagine growing your wealth and when you stop working you can start to use the money in your IRA or 401(k) and keep taxes low.
Imagine having a vacation home the kids, grand kids and even great grand kids can use during their life.
Imagine having money that the family uses to invest together with purpose and passion.
Why is a ROTH IRA or ROTH 401(k) so great?
The bad news is that unlike regular IRA’s or 401(k)’s when you put money into a ROTHIRA or ROTH 401(k) you don’t get a tax deduction for the contribution up front. HOWEVER, the good news is that unlike regular IRA’s and 401(k)’s once you put the money into the ROTH IRA or ROTH 401(k) it will grow tax free and, this is the best part, you NEVER EVER have to take the money out.
Think about that. You can invest money, see it grow, never have to take the money, never have to pay tax and you can transfer that money to your children or grand children tax free. And when they take the money out, they don’t have to pay tax either. Talk about a great deal and all legal.
What is a Children’s Trust?
When you start investing early, money grows and grows for future years. Setting up a trust for children is a great way to help them in their life with everything from education to special events to investments.
What is a Family Trust?
Just like it sounds, it is a trust to bring the family together to invest in real estate, stocks, businesses, vacations, cars, whatever the family wants to do together. The family trust is a great way to establish the principles, goals and outcomes important to the family as a whole.