Are you worried that someone might be coming for your money?
Whether it’s a potential lawsuit, or even if it’s the IRS or a creditor, you probably want to protect your assets.
If you want to protect your assets, you need to know where to hide your money, and know how to properly structure certain accounts in order to avoid having someone drain your financial well dry.
Here are some places that you can hide your money:
One of the best places to hide your money is an ERISA-qualified retirement plan. Not only can you keep some of your money safe, but you can also earn a tax-advantaged return on the money. The money in your retirement account is protected from liability lawsuits. Additionally, your retirement account might have some protection from bankruptcy and creditors (not always, though).