SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : A.I.M Users Group Bulletin Board

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: OldAIMGuy who wrote (17656)12/31/2001 1:05:51 PM
From: labestul  Read Replies (1) of 18932
 
Hi Tom,

Here's a thought.

Why not create your own limited corporation whose job it was to manage your AIM investments say. You could pay a fee to that corporation. In turn this corporation could hire you at a salary which would provide you income. This salary would be an expense to the corporation and hence tax deductible. In turn you could turn around and place this salary in an IRA.

Ultimately the only expenses in doing this would be cost of setting up the corporation and that of maintaining it yearly. The ability to contribute to an IRA might more than offset these costs. Also this corporation could be used for other purposes as well.

Is this possible? YES!
Is this financially beneficial? PROBABLY YES!
Is this legal? I DON"T KNOW BUT I SUSPECT YES!

Anybody have expertise in this area?

Happy New Year,

Barry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext