One place to hide your money is in a business - just make sure that you set everything up properly. The IRS does have the ability to access any money that you have access to (so if you can’t withdraw from your account for whatever reason, the IRS can’t require the assets in the account), but in many cases officers are slow to move against your retirement account, even if they could.Ĭonsider transferring some of your assets. Additionally, your retirement account might have some protection from bankruptcy and creditors (not always, though).Įven the IRS is reluctant to levy against your retirement account. The money in your retirement account is protected from liability lawsuits. Not only can you keep some of your money safe, but you can also earn a tax-advantaged return on the money. One of the best places to hide your money is an ERISA-qualified retirement plan. Here are some places that you can hide your money: Retirement Account 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. Whether it’s a potential lawsuit, or even if it’s the IRS or a creditor, you probably want to protect your assets. (The blanket tossing team runs back on stage, positions themselves this way and that, and catches Bruce.Are you worried that someone might be coming for your money? (The team leaves the stage, and the program continues.)Īfter another skit and song, and preferably in the middle of awards or announcements of some sort. (looking hard into the sky) Do you see him? I've lost him. Leader: There he goes! He's past the trees! He's really up there! Leader: Ready team? One! Two! Thu-reee!!! (A mighty toss! The team shifts positions, like trying to catch a high fly ball.) Leader: What? What's that you say, Bruce?Īudience, you are in luck! Bruce wants to go for the world record blanket toss! Leader: One, two, three! (fifteen seconds this time, almost loose track of him, adjust the position here, there, and here again.) Move this way and that before finally catching him.) Leader: One, two, three! (This time, wait about five to seven seconds, and move quite a bit to get under him. One, two, three! (Bruce goes up, and the team adjusts their position a bit to catch him as he comes down.) Leader: OK, then let's toss Bruce a bit higher. Leader: OK, are we all limbered up now? The team murmers in agreement. The team has to be in sync, and they have to watch about the same spot : the easiest way to do this is to have everyone just imitate the leader, who is the speaker.) They watch the invisible Bruce go up in the air, then come down, and then gently catch him again in the blanket. (On three each time, the team lets the pretend blanket go slack, then pull it taught. Leader:We're the Olympic blanket tossing team, and Bruce in the middle here is our star blanket bouncer. Having a rope tied into a circle makes a good fke blanket. This takes about six scouts, who form a circle around an invisible blanket, with a small invisible guy (Bruce) who sits in the middle of the invisible blanket and gets tossed.
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