How To Pay Less Taxes While Building Your Dream

American Dreams Radio

This week we discuss how to utilize philanthropy to use the money that you would have used to pay your taxes to build a legacy for yourself. One such strategy would be to use Charitable Remainder Trusts- specifically a Net Income Makeup Charitable Remainder Trust. Placing your Life insurance in such a trust will allow you to stay compliant tax wise so money does not run out while you withdraw money to live off of while you're in retirement. There are also several high impact projects that you can put your money towards such as building hospitals and schools abroad. In fact, according to Warren Stickney, you can build a state of the art school in Africa- one that would rivals the best in the United States for just $250,000.