Is Our Simple Retirement Strategy Safe or Stupid?

Discussion in 'Investment Strategy' started by GoldCoastBound, 13th Apr, 2021.

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  1. GoldCoastBound

    GoldCoastBound Well-Known Member

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    East Coast
    thanks Reddy, no, we have had some nightmares along the way i can assure you
     
    GoldCoastBound, 16th Apr, 2021
    #41
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  2. MWI

    MWI Well-Known Member

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    Lower North Sydney NSW
    I am sure @GoldCoastBound accountant would know to do that, especially the bucket company if they cannot distribute to adult kids.
     
    MWI, 26th Jun, 2021
    #42
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  3. MWI

    MWI Well-Known Member

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    SMSF not so great, why?
     
    MWI, 26th Jun, 2021
    #43
  4. kierank

    kierank Well-Known Member

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    May be they need a FP? ;)
     
    kierank, 26th Jun, 2021
    #44
  5. MTR

    MTR Well-Known Member

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    My World


    We were given wrong advice.

    We have a number of LLCs in US, one was set up and owned by our SMSF to purchase properties in US

    Accountant/FP expert in SMSF in OZ got it wrong, turns out he knew very little about US tax laws which are complex. Came highly recommended.

    The structure he recommended caused huge tax implications in Oz.

    This person/company still operates as a US tax/SMSF expert in Oz:mad:

    We had to unravel the mess.
     
    Last edited: 26th Jun, 2021
    MTR, 26th Jun, 2021
    #45
    MWI likes this.
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