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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (17656)	12/31/2001 1:05:51 PM
From: labestul	Read Replies (1) \| Respond to 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