Since it’s a weekend, I hope it’s okay to post it here. Trying to understand better about remaining charitable trusts, potentially as a way of retiring, avoiding taxes on the sale of Tesla and obtaining an income stream. As Tesla may rise soon and many of us are thinking about retiring, I think it is relevant for many people. I learned about this from my tax consultant.
It is not an investment advice, but as far as I can tell, the positive aspects are that you can put tesla on a CRT, sell tesla on the CRT without paying any taxes, manage the money on the CRT and target for safer investments, get a annuity, obtain a tax deduction from which it can be distributed over the first 5 years and cover the annuity taxes of those years. If you die early, the charity gets the full sum, but you can offset that risk with life insurance that I have.
If you have any ideas, I would be curious … thanks!
OK to move on to the topic of early retirement, if necessary.