Tag Archives: Douglas

Missed Fortune’s Douglas Andrew on Transferring Money Income Tax Free

Missed Fortune specializes in helping clients safely accumulate wealth with high rates of return. Founder Douglas Andrew helps Missed Fortune clients earn high returns using an approach he calls the Laser method of wealth accumulation—one that offers liquidity, safety, and a high rate of return. He also helps clients maximize tax advantages in both transferring and withdrawing funds from existing assets.

When transferring money and accumulating funds, Douglas Andrew names three common scenarios:

– Taxed as earned. Douglas Andrew says that while this is the most popular choice for many people, it is also the worst way to save and invest.
– Taxed sooner or later. Sooner would be a Roth IRA or 401K. Later would be a traditional IRA or 401K. The “later” option is for those wanting to defer the tax to a later date, when the taxpayer thinks he or she might be in a lower tax bracket, Douglas Andrew explains.
– Accumulate in an option that allows wealth to accumulate completely tax-free. With this option, the money can be accessed tax-free, says Douglas Andrew, and if the person dies, the money transfers tax-free.

However, as a financial specialist and tax strategist for 38 years, Missed Fortune’s Douglas Andrew has found one superior option that, under the current tax code, allows someone to accumulate wealth tax-free. When a person dies, the money not only transfers income tax-free under section 101(a) of the Internal Revenue Service tax code, but it increases significantly in value, according to Douglas Andrew.

This option is a maximum-funded life insurance contract. As Douglas Andrew outlines in the Missed Fortune educational materials and workshops, these insurance contracts must be structured to perform as a capital accumulation tool. However, according to Douglas Andrew, many financial advisors and even insurance agents aren’t aware of how to structure these contracts to perform this way.

In his Missed Fortune educational materials, Douglas Andrew talks about using compound interest to reduce the impact of tax on insurance contracts. Andrew cites Mayer Amschel Rothschild, named by Forbes magazine as the “founding father of international business,” as stating that one of the secrets to real wealth is compound interest in a tax-free environment.

Many people know that a dollar doubling every period for twenty periods will grow to $1,047,000. However, Douglas Andrew points out that the dollar only does that in a tax-favored environment. If that dollar were to double to two dollars, says Douglas Andrew, and a taxpayer had to pay tax on it of twenty-five percent, the gain would be reduced to $1.75 instead of double. It continues to decrease the gain each time a dollar grows, Douglas Andrew continues, and at the end of the twenty periods, instead of having $1 million, the total investment would amount to only $72,000. You could have saved more than a million, Douglas Andrew points out, and only $72,000 would remain after taxes.

Accordingly, Douglas Andrew and the team at Missed Fortune stress the benefits of putting money in an account that provides tax-fee growth and withdrawal. For more information, visit Missed Fortune online at www.missedfortune.com

Douglas Battista Offers Travelers a Rundown of London’s Best Attractions

Douglas Battista says no trip to London is complete without visiting these key landmarks.

The Churchill War Rooms

Located on King Charles Street, Douglas Battista reports that the Churchill War Rooms are not only an amazing historical find, honoring one of England’s most famous soldiers, but that this site’s proximity to St. James Park and other museums and parliamentary buildings makes it a great stop on an all-day London tour.

Hampton Court Palace

Want to step back in time? Douglas Battista notes that visitors can do just that at the Hampton Court Palace. This former home of King Henry XIII still hosts court where tourists can participate in a living anachronism, and may even have a chance to glimpse the King picking a midday snack off the world’s largest grapevine, which is located in the Gardens.

London Bridge Exhibition

According to Douglas Battista, a holiday in the nation’s capital is enhanced with a visit to the London Bridge Exhibition.  The landmark, which originated as a Roman pontoon military bridge in 50 AD, has been rebuilt at or near the same spot over the Thames numerous times in its 2000 year history. Douglas Battista also remarks that a unique and memorable restaurant, the Medieval Banquet, is close to the bridge, and is a must for hungry vacationers.

Thames River Cruise

The Tower Bridge may also be viewed from a cruise on the Thames, reports Douglas Battista. This cruise covers London in depth like no other tour in the area. Douglas Battista highlights the beauty of the River Boat itself with its large windows and open-air upper deck.

St. Paul’s Cathedral

According to Douglas Battista, this iconic figure of London’s skyline took 35 years to complete. It’s no wonder, when the amount of detail and quality of craftsmanship is considered. Douglas Battista claims that this attraction, in addition to its status as a mecca for Christians, is also a prime spot for those looking for a bit of a challenge. Five hundred and thirty steps lead to the top of the Golden Gallery, which boasts some of the best panoramic views of London’s core.

Windsor Castle

The home of a current British Royal, Her Majesty the Queen, Windsor Castle’s claim to fame is its continuous occupation for the last 900 years. The castle is purported as haunted by visitors, who claim the sound of Queen Elizabeth I’s heels are still heart wafting through this Gothic structure’s halls and passages, says Douglas Battista.

Douglas Battista is a travel enthusiast who says that London is among his favorite vacation destinations for its never-ending list of attractions and historical landmarks. He is the President of North America Field Operations of the Jenny Craig Company, and resides in sunny California.