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The gift that keeps on giving
By admin | February 27, 2008
We just closed out the winter holiday season — and I’m in a very giving frame of mind, so let me recommend to you — think of it as your personal gift from me — that you add investment bonds to your portfolio. In countries like Australia, you can utilize the 125% rule to continue to make contributions to your original bond investment for up to a decade. For example, if you begin with an initial investment of $10,000 the first year, the second-year you can contribute an additional $12,500. The third-year you can contribute over $15,000 — and if you follow this payment schedule faithfully, in your 10th year you can invest a whopping $74,506 — and all of it will have the benefit of being placed in a tax-free product!
Topics: Business |