Daz

Exchange Checklist
Bank appointment for Currency EXCHANGE Instructions/Checklist
Bank Name_________________________________________
Bank 800#__________________________________________
I am calling to schedule a foreign currency exchange
My name is ___________________________________________
My zip code is __________________
My e-mail address is (If they ask for it) ________________________________
I have ________________________ IQN (Iraqi) currency
I have ________________________ VNN (Vietnamese) currency
I have ________________________1000 notes from 2000 of IDN (Indonesian) currency
I have _________100 Trillion, ________ 50 Trillion, _______ 20 Trillion and _______ 10 Trillion
2008 AA notes of ZWN (Zimbabwe) currency
I have _________ of ___________ (other foreign currency)
FILL IN THE BLANKS for EXCHANGE appointment information that you get from call the
center representative:
Your appointment Information:
Date _________________________
TIME _________________________
The Location _____________________________________________________

The Day of Your Appointment Things To Do
1. Make sure you know where you are going. Arrive early so you can get yourself together,
take a deep breath. Do not loiter. If you are too early, stay SECURELY in the general area but
not in the bank parking lot!
2. Remember to get in and get the EXCHANGE done, there a lot of other people behind you in
line so be thoughtful of their time as well. You will have time for questions at your second
appointment with your new Private Banker/Wealth Manager.
3. Be discrete, be professional, and be alert and aware of your surroundings. BREATHE!

Seriously consider hiring security to accompany you to your appointment or bring a trusted
friend.
4. Collect business cards from everyone or take their name and phone numbers as well as the
location of their regular branch office.
5. Read and Sign the NDA. ( if there is one) If it is simple and states you cannot tell anyone
except your spouse, lawyer, or CPA (These are the people that need to know how you came
about your money for tax purposes) how you came about all of your new found wealth, sign it
and move forward with your exchange. Be prepared to uphold it! If you break the terms, you
could lose your new found wealth. If the NDA is more complex and you are not comfortable
with it, simply let them know you would like to explore your options with another banking
institution. They may or may not waive the NDA. REMEMBER TO GET A COPY OF THE NDA IF
YOU SIGNED IT.
The Day of Your Appointment Things NOT To Do
Do not demand anything while at the bank or act like a lunatic, you will be escorted out.
Remember the Golden Rule Treat others the way you wish to be Treated!!!
Items Suggestions to Bring to the EXCHANGE Appointment
(Check off the list as you put all items needed together to make sure you remember everything)
Drivers License
Second form of ID (a credit card or passport)
Your most recent utility bill (Water, power, etc.) to confirm residency in case you have never
held an account with the bank you will be exchanging with or for another form of ID
Power of Attorney Paperwork (If you are exchanging for someone else)
A pad, pen to take notes, calculator
Receipts for all currency purchased or gifting letter if they were a gift in case they are needed
(Do not offer them, only do so if they are requested)
IQN / VNN / IDN/ ZWN currency
Have your TOD designees (Transferable on Death) full legal names, phone numbers, addresses
and Social Security Numbers written down that you want listed on your accounts. You can have
multiple TOD designations per account (Wife/Husband, Children, Grandchildren,
Nieces/Nephews, etc.)
Have a list of Cashiers Checks you will need, if any, along with the exact amounts and who they
need to be Payable to
Decide in advance if you will be requesting cash for Pocket Money before hand and how
much.
DO NOT get more than $9,500 unless you would like Uncle Sam to visit you. Also remember the
more you take with you, the bigger the target you are for thieves! BE SMART!!! Do you have a
safe to store cash in????
Know the ceiling rate!!! Make sure you do not get hit with a Spread Fee! If you do not like the
spread fee they are charging simply let them know (In a Professional manner) you will go to
another bank.
Suggestion: New Account Numbers for each Currency EXCHANGED (DO NOT EXCHANGE ALL
CURRENCIES INTO ONE ACCOUNT, OPEN SEPARATE ACCOUNTS FOR EACH CURRENCY!!!!)
Name of Bank Exchanger ____________________________________________
Bank ____________________________________________
Branch ___________________________________________
IQN Checking Account Number__________________________________________
IQN Checking Routing Number __________________________________________
IQN Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not
touch until Tax Time) _________________________________________
Add TOD (Transferable on Death) Names to Accounts (Checking and Savings) Make sure you
receive copies of the deposit slips and all account information
Get Clean and Clear Certificates at least 10 or more (Documentation that your money is not
tied to anything illegal)
Get starter checks if needed until your checks arrive Get ATM card if you want one Set up
Online Banking if wanted Inquire about Extra Insurance for your funds
VNN Checking Account Number__________________________________________
VNN Checking Routing Number __________________________________________
VNN Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not
IDN Checking Account Number__________________________________________
IDN Checking Routing Number __________________________________________
IDN Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not
ZWN Checking Account Number__________________________________________
ZWN Checking Routing Number __________________________________________
ZWN Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not
DID YOU GET A COPY OF YOUR SIGNED NDA?
Set second appointment with a Private Banker or Wealth Manager (The bank will guide as to
who you need to speak with based on your EXCHANGE/ deposit amount
This appointment will be the one in which you discuss all of your options for investment and
your perks
Private Banker Name__________________________
Telephone Number____________________________
Appointment time ______________
Location _____________________________
Notes:
__________________________________________________
__________________________________________________
__________________________________________________
Do you give the horse his strength or clothe his neck with a flowing mane? Do you make him
leap like a locust, striking terror with his proud snorting? He paws fiercely, rejoicing in his
strength, and charges into the fray. He laughs at fear, afraid of nothing; he does not shy away
from the sword. The quiver rattles against his side, along with the flashing spear and lance. In
frenzied excitement he eats up the ground; he cannot stand still when the trumpet sounds."
Job 39:19-25
EXCHANGE EXCHANGE EXCHANGE LOOK AT ALL SYMBOLS FOR CURRENCY
2-6-14 DAZ: BANKING RESEARCH:
A COMPILATION OF BANKS, RESEARCH AND STRATEGY MAKERS
IS IS A GREAT FREE TOOL TO SEARCH AND RESEARCH BANKS AND CREDIT UNIONS. SEARCH BY
NAME, STATE, RANKING OR ZIP. I FIND THE MEMO MORE VALUABLE THAN THE STATEMENT
WHEN LOOKING AT FINANCIALS. http://www.bankrate.com/rates/safe-sound/bank-ratings-
search.aspx
6 WAYS TO INSURE EXCESS DEPOSITS
http://www.bankrate.com/finance/savings/6-ways-to-insure-excess-deposits.aspx
CDARS http://www.cdars.com/default.aspx
WORLD'S 50 SAFEST BANKS
http://www.gfmag.com/tools/best-banks/12326-worlds-50-safest-banks-april-
2013.html#axzz2OpYaCjRj
PRIVATE BANKING AND WEALTH MANAGEMENT LINKS
wells/abbot https://www.abbotdowning.com/
td bank http://www.tdbank.com/investments/private-client-group/private-client-group.html
chase https://www.chase.com/online/private_client/banking-investments.htm
5/3rd https://www.53.com/private-bank/?
ascent http://ascent.usbank.com/index and http://ascent.usbank.com/services/private-banking

suntrust
https://www.suntrust.com/WealthManagement/AboutWealthManagement/OurApproach
RBC https://www.rbcwm-usa.com/cid-274755.html
BNY http://www.bnymellon.com/wealthmanagement/index.html
B&T http://www.bbt.com/bbtdotcom/wealth/products/banking/default.page
Northern Trust http://www.northerntrust.com/wealth-management/united-states
LIST OF ALL BANKS INDEXED BY DERIVATIVE EXPOSURE
http://www.usbanklocations.com/bank-rank/derivatives.html
ALL MATERIAL AND LINKS ARE FOR INFORMATIONAL PURPOSES AND PROVIDED AS RESEARCH
MATERIAL FOR TNT MEMBERS. NO RECOMMENDATIONS ARE MADE OR INFERRED AS TO
PRODUCT OR SERVICE PROVIDER.
OPINIONS ARE PERSONAL AND DERIVED FROM RESEARCH OF INDEPENDENT SERVICES.
DAZ IN THE AM BANKING NOTES - NOVEMBER 6, 2014
I MIGHT SUGGEST A QUALIFYING CRITERIA BEING...FEE BASED AND A FIDUCIARY CLIENT

RELATIONSHIP
I WOULD ALSO SUGGEST HAVING ALL SUPPORT RELATIONSHIPS BEING UNDER A PRIVACY
AGREEMENT TOO http://tntdinar.activeboard.com/t57384547/simple-nda/
FIDUCIARY / CLIENT SITE: https://www.google.com/search?q=fiduciary+client+relationship&

oq=fiduciary+client+relationship&aqs=chrome..69i57&sourceid=chrome&es_sm=93&ie=UTF-8
fiduciary means control....you want to keep the fiduciary power of your accounts....
I CHOOSE TO HIRE MY OWN PEOPLE, KEEP THEN SEPARATE AND LOOKING OVER EACH OTHERS
SHOULDER IN A SOMEWHAT COMPETITIVE AND ADVERSARIAL RELATIONSHIP AND HAVE
DIRECT CONTROL OVER THE PRIVACY ARRANGEMENTS BETWEEN ME AND THEM
INDEPENDENTLY
TONY IS ADAMANT IN STATING IQN BECAUSE HE IS FOCUSED ON THE CONTRACTS AND WANTS
EVERYONE THAT WANTS THEM TO EXECUTE THE TRADE TO CAPITALIZE ON THEM. ITS A
STRONG POSSIBILITY THAT IQN IS A TEMPORARY SYMBOL IDENTIFIER FOR A CONTRACT
EXCHANGE OF A COMMODITY CERTIFICATE AND THAT IQD IS THE REPRESENTATIVE SYMBOL
FOR THE CURRENCY. . IF SO, THEN THE IQN WILL AT SOME POINT EXPIRE AND THE IQD WILL
LIVE AND THRIVE...WE WAIT TO SEE
THE BEST NOTE TO PUT ON ALL YOUR REFERENCE NOTES AT EXCHANGE AND OTHER MEETINGS
IS TO START WITH THE PHRASE...MY FIRST AND HIGHEST PRIORITY IS MY ABSOLUTE PRIVACY
AND SECURITY IN ALL MATTERS"
IT MATTERS VERY LITTLE THE RATE YOU ACHIEVE IF YOU HAVE TO SACRIFICE THE COMFORT OF
YOUR PRIVACY AND SECURITY
NOTE: Key Words just a reminder: IQN, VNN, Currency Exchange... You will sign a FICEN 114
Form at your CE this form will be sent to the IRS indicating you have exceeded $10,000.00 in
Foreign Currency Value, you will sign a NDA for any contract Rate you receive, you will sign a
Bank Contract Form indicating you have agreed to the T/C of getting the Contract rate. If your
aware of just these few things to expect at your Bank CE then you will be so far ahead of the
General Public.
Links from DAZ to financial planning & binder suggestion
8:51 AM [daz] WORKING WITH A CERTIFIED FINANCIAL PLANNER

http://www.letsmakeaplan.org/
8:53 AM [daz] SO....WHO HAS ASSEMBLED A PERSONAL BINDER......AN INEXPENSIVE VINYL 3

RING BINDER AND LOTS OF CLEARVIEW SHEET PROTECTORS FROM WALMART ALL UNDER
$10....MAKE ONE OR MORE COPIES OF THE FOLLOWING AS NEEDED AND SLIP INTO THE SHEET
PROTECTORS, GROUP INTO BINDER.......INCLUDE COPIES AND RECEIPTS OF ALL ORDERS,
BANKER AND ADVISOR QUESTIONS.....CONTACT LISTS & CALL ORDER, TOP TEN LIST
......ADVISOR, CPA, ATTORNEY CONTACT INFO, SEVERAL OF YOUR TEMP AND PERMANENT
EMAIL ADDRESSES ....... CURRENCY TOTALS BROKEN DOWN TO SPECIES, BREAKDOWN OF
HOLDINGS BY DATE AQUIRED, LISTS OF RESERVES BY ORDER NUMBER, BANK WIRING &
ROUTING INFORMATION, PERSONAL/BUSINESS BANK ACCOUNT NUMBERS........ COLOR COPIES
OF DRIVERS LICENSE FRONT AND BACK, UPS MAILBOX ADDRESS, BURNER TRACFON NUMBER,
PASSPORT (APPLICATION), BIRTH CERTIFICATE..... FLIGHT AND RENTAL CAR INFORMATION,
PRIVATE AND EXECUTIVE AIR RENTALS, PRIVATE AIRPORT INFO....... COPIES OF GIFT LETTERS,
CORPORATE CHARTERS, LLC ORGANIZATIONAL PAPERS, TRUST ENTITY COVER LETTERS, EIN
NUMBERS.....BANK AND WEALTH MANAGEMENT CONTACT INFO FROM SELECT
PICKS,.....PERSONAL NDA'S AND POWER OF ATTORNEY...... I INCLUDED IN MY BINDER EVERY
POSSIBLE FORM OF ID I CAN GET MY HANDS ON INCLUDING UTILITY BILLS AND BANK
STATEMENTS, TAX RETURNS ETC....BETTER TO HAVE TOO MUCH THAN TOO LITTLE..... COPY ALL
SAVED INTERNET FAVORITES, LINKS AND PC DOCUMENTS ONTO A THUMB DRIVE FOR TRAVEL
ACCESS...AND MAYBE A BACKUP TO REMOTE HARD DRIVE
8:56 AM [daz] CHOOSING THE RIGHT WEALTH MANAGER

http://www.myprivatebanking.com/Report/wealth-guide-1
8:57 AM [daz] AMERICAN COLLEGE OF ESTATE PLANNING PROFESSIONALS

http://www.actec.org/public/roster/FindFellow.asp
8:58 AM [daz] FEE only advisors. WORKING WITH A FEE ONLY ADVISOR
http://napfa.org/consumer/WorkingwithaFeeOnlyAdvisor.asp
8:58 AM [daz] REGISTERED INVESTMENT ADVISORS

http://www.investmentadvisorsearch.com/index.php
8:59 AM [daz] BEST TAX ATTORNEYS 2014 http://tax-attorney.bestattorneysonline.com/best-

tax-lawyer
8:59 AM [daz] WORKING WITH A CERTIFIED FINANCIAL PLANNER

http://www.letsmakeaplan.org/ ,http://www.letsmakeaplan.org/
9:05 AM [daz] CHOOSING A WEALTH MAnager or any professional or even a bank....a local
service is not the highest priority. wealth managers will travel to meet you or yoU can easily
travel to meet them post rv. http://www.estateplanning.com/members/search/
SIMPLE GUIDE TO HIGH NET WORTH ESTATE PLANNING:
PRODUCT OR SERVICE PROVIDER. OPINIONS ARE PERSONAL AND DERIVED FROM RESEARCH OF
INDEPENDENT SERVICES. SEEK A PROFESSIONAL
http://minorbrown.com/images/uploads/EP%20article%20(MB380849).PDF
Should a CFP Be Required to Always Act as a Fiduciary?
Aug 15th, 2014
by sraskie.
Folks interested in engaging a professional for financial planning help and advice should
generally seek out the advice of a CFP. A CFP has had the education, experience, ethics and
exam (the Boards 4 Es) that qualifies he or she to hold the mark. We often encourage clients
that they should look for this designation at a minimum before engaging with a financial
planner and then meet with the planner to decide if the client and planner are a good fit.
Due to an excellent marketing campaign by the CFP Board many clients understand what a
CFP is, what they do, and how they may be able to help. Many folks choose to work with a
CFP because they know that the CFP is held to a higher standard. Some may believe that the
CFP is always a fiduciary meaning the CFP must always put the best interests of the client
first. What a potential client may not know is that isnt the case.
According the CFP Boards Rule 1.4: A certificant shall at all times place the interest of the
client ahead of his or her own. When the certificant provides financial planning or material
elements of financial planning, the certificant owes to the client the duty of care of a fiduciary as
defined by CFP Board.
The question is: Why the double-standard? Why not require all CFP holders to follow the
fiduciary standard? The Boards reply, according to their website is that it would be
inappropriate to hold individuals not providing financial planning or material elements of
financial planning to the higher fiduciary standard.
A potential scenario where this gets into a grey area is this: A client comes to a CFP looking for
a place to invest their money and looking for the least expensive option available. The CFP is
compensated by commissions from the products he or she sells which include load mutual funds,
annuities and life insurance.
Since this isnt financial planning per se (its more asset gathering by the CFP) the CFP neednt
act in the best interest of the client in this case. He or she may recommend the least expensive
of the options they have available. If held to a fiduciary standard regardless of scope of the
engagement the CFP would have to disclose that their options werent the least expensive
options available.
Likewise with a fee-only planner that is asset gathering. A client may want to invest assets in
the least expensive way possible and the planner may recommend low-cost index mutual funds
or ETFs with his or her firm to manage. If not financial planning or material elements of financial
planning the fee-only planner neednt disclose that the cheapest option (from an expense
standpoint) would be for the client to invest directly with a custodian.
In both cases the interests of the client were (hopefully) put ahead of the CFP, but they were
not the best interests of client. Big difference. This is just one of many scenarios where the scope
of the engagement falls under the umbrella of not financial planning or material elements of
financial planning.
My humble opinion is that the Board should always require the fiduciary standard of care.
Always. Im not sure if this will happen or if it were explored how much push back there would
be (I suspect a lot). But I think it would be a necessary step into turning financial planning from a
vocation to a profession.
http://financialducksinarow.com/9362/cfp-required-always-act-fiduciary/
As you begin to seek advice regarding your savings and investments, you may come across
professionals that have designations after their names some might even have a can of
alphabet soup! Here are some common designations youll encounter when seeking out a
professional. Your advisor should have a qualified designation as aminimum requirement before
you start working with him or her.
CFP CERTIFIED FINANCIAL PLANNER. This designation is considered the gold standard in
the financial services industry. Holders of this designation are required to take college-level
financial planning courses, have three years experience in financial planning, and must pass a
rigorous 10 hour, 2 day examination. The designation is owned and awarded by the CFP Board
of Standards. www.cfp.net
ChFC Chartered Financial Consultant. This designation is right in line with the CFP with
regards to the knowledge needed and required to earn the designation. Professionals that earn
this mark must undertake 9 college courses in financial planning and endure 18 hours of total
examination time. The designation is owned and awarded by The American
College.www.chfchigheststandard.com
CPA Certified Public Accountant. This designation is awarded to individuals that pass the
rigorous Uniform Certified Public Accountant exam given by the American Institute of Certified
Public Accountants. CPAs may be qualified to prepare tax returns and provide auditing services
for companies. CPAs may also represent their clients in proceedings before the IRS.
www.aicpa.org
CFA Chartered Financial Analyst. This designation is pursued by individuals who have
undertaken studies in security analysis, stocks, bonds, investment management and corporate
finance. Individuals must endure three levels of examinations before the designation is awarded.
Many mutual fund managers, pension fund managers and endowment managers have this
credential.www.cfainstitute.org
EA Enrolled Agent. The enrolled agent designation is awarded to individuals who pass three
different IRS exams involving personal taxation, business taxation and general tax principles.
Like CPAs, enrolled agents may also represent their clients in in tax proceedings before the IRS.
www.irs.gov/Tax-Professionals/Enrolled-Agents
http://financialducksinarow.com/7655/a-nte-about-designations/
Smoke, Mirrors, and Alphabet Soup
Mar 19th, 2012
by jblankenship.
In an environment of Ponzi schemes and financial scandals many Americans have lost trust and
confidence in the financial profession; seems like there are some financial advisers that have
been helping themselves, more than their clients. To fight back against this trend of lost trust
and skepticism, advisors are being more creative with credentials, some of which can be earned
with minimal or no study and can be bought with a couple hundred dollars. A quick look at the
Financial Industry Regulatory Authoritys web site (FINRA)
(http://apps.finra.org/DataDirectory/1/prodesignations.aspx) shows over one hundred and
twenty different credentials being used by advisors to build creditability and trust. Im sure
there are many more not tracked by FINRA.
Professional certifications arose decades ago as a way for people in various industries to identify
qualified practitioners. Its always good to know that our doctor has an MD or our account is a
CPA. In the financial realm, many well-established credentials, including the Chartered Financial
Analyst (CFA) and Certified Financial Planner (CFP) designations, require long study, demand
continuing education and enforce strict codes of ethics. In order to become a CFP, for example,
one must meet the following requirements:
1) A bachelors degree or higher from an accredited college or university

2) Three years of full time financial planning experience
3) Complete a CFP board registered program or hold one of the following
CPA
ChFC
Chartered Life Underwriter (CLU)
CFA
Ph.D. in business or economics
Doctor of Business Administration
Attorneys License
4) Successfully complete the 10 hour CFP certification exam
5) Complete 30 hours of continuing education every two years.
Increasingly, I suspect, financial advisers are using dubious designations as marketing tools to
win back the trust of older, wealthier clients. Some of the more popular are those that use the
term senior in their name. Some examples are: certified senior adviser, certified senior
consultant, certified senior specialist, certified senior financial planner, chartered senior
financial planner and chartered adviser for senior living. I get confused when hearing all the
senior designations and am left wondering, do the advisors who hold these, really have any
special education or experience working with seniors, or do they just want you to think they do?
To confound the issue even more many designations sound similar (and I think this is
intentional) for example, the certified retirement financial adviser, or CRFA, sounds similar to
the CFA designation. But the CFA requires roughly 900 hours of study in accounting, economics,
ethics, finance and mathematics, and only 42% of candidates pass its three required exams, a
process that can take several years. The CRFA, by contrast, requires that students pass one
exam consisting of 100 multiple-choice questions, for which 40 to 75 hours of preparation is
typically sufficient preparation.
In much the same way, the CSFP, or chartered senior financial planner, credential could be
confused with the certified financial planner, or CFP, designation. The CFP, established in
1972, requires that students pass the equivalent of 15 credit hours of college-level courses,
culminating in 10 hours of exams. The CSFP, launched in 2003, requires a three-day review
course and the passing of one two- to three-hour exam.
Over the last few years the term Wealth Management has become popular with advisors as a
way to attract wealthier clients. It didnt take long for a list of wealth management
designations to appear.
WMS Wealth Management Specialist
CWC Certified Wealth Consultant
CWS Certified Wealth Strategist
AWMA Accredited Wealth Management Advisor
CWM Chartered Wealth Manager
CWPP Certified Wealth Preservation Planner
While some of these designations may be good for consumers by giving their advisor specific
knowledge and experience, many will turn out to be marketing gimmicks employed by advisor
to attract wealthier clients.
Credentials are used because they help advisers make more money. A 2007 study by FINRAs
educational foundation determined that 46% of older investors were more likely to accept
financial guidance from someone with a professional designation and 17% of investors would
be more receptive to advice from a certified adviser for senior investing, even though such a
credential doesnt exist.
Buyers beware when it comes to initials behind someones name. According to the American
Academy of Financial Management, based in New Orleans, the things to look for are these:
accredited degrees, licenses, or masters degrees from government-recognized or accredited
programs or educational institutions with concentrations in Finance, Investments, Securities,
Economics, or Accounting. These requirements make individuals eligible for Professional
Designation. You can also check out designations yourself by calling the issuing organization
and finding out what the requirements are you might be surprised by what you find.
Steven Young, CFP (XZ$, LMNOP, EIEIO)
WRAPPING YOUR BRAIN AROUND SUDDEN WEALTH ... RECOMMENDED
THIS IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY AUTHOR, SOURCE, PRODUCT OR

SERVICE...RESEARCH ONLY
HANDLING SUDDEN WEALTH (A QUICK FAVORITE)

https://web.archive.org/web/20130305020446/http://www.maxoutsavings.com/handling_sud
den_wealth.html
WISE COUNSEL RESEARCH
ttp://www.wisecounselresearch.com/sites/default/files/images/suddenwealth.pdf
4 steps to protect a windfall http://www.bankrate.com/finance/personal-finance/4-steps-to-

profit-from-a-windfall-1.aspx
MORE SUDDEN WEALTH

http://www.smartaboutmoney.org/Portals/0/ResourceCenter/FinancialWindfall.pdf
Quiz: Would Riches be Your Ruin?
http://www.bankrate.com/brm/news/advice/20010626a.asp
10 Reasons Why People Do not Want To Be Rich
From Riches to Ruin
http://www.bankrate.com/blogs/investing/from-riches-to-ruin.aspx
Avoiding Sudden Wealth Syndrome
http://www.bankrate.com/brm/news/pf/20050926a1.asp
Handling Sudden Wealth
Concerned about Sudden Wealth, We all should be. Here are some more resources:
Sudden Wealth Abbot Downing
https://www.abbotdowning.com/_asset/nsw4kt/SuddenWealth.pdf
Video, managing the impact of wealth,,,ABBOT-DOWNING
https://www.youtube.com/watch?feature=player_embedded&v=8qzKVNhDBGM
Rich Kid Syndrome (Sorry for the language on this one, there are a few words that I would black
out if I could, but it has some very good information for parents)
http://nymag.com/news/features/42595/
How to Pick the Right Financial Planner
http://www.forbes.com/2010/09/03/financial-planner-personal-finance-how-to-select.html
Questions to Ask a Financial Planner
https://secure.financialfinesse.com/go/3055
Windfall: Not Always a Blessing
http://www.boston.com/yourlife/health/mental/articles/2004/07/10/windfall_not_always_a_b
lessing_psychologists_say/
Here's Some Additional Links:
When Friends and Family Beg for Bailouts
http://finance.yahoo.com/news/first-person-friends-family-beg-bailouts-212000768.html
Signs of Sudden Wealth Syndrome
http://www.webmd.com/balance/features/sudden-wealth-syndrome
Financial Planners: Not Just for Millionaires Anymore
http://www.bankrate.com/finance/savings/financial-planners-not-just-for-millionaires-
anymore-1.aspx
THE DILEMMA OF ACQUIRED WEALTH
http://www.jamesgrubman.com/Uploads/Acquirers_and_Inheritors___Jaffe_Grubman_JWM_F
all_07.pdf
THE DISEASE OF TOO MUCH MONEY
http://www.patheos.com/blogs/geneveith/2013/12/the-disease-of-having-too-much-money/
FROM JOSEPH....HOW MUCH IS TOO MUCH?

I'm so glad someone is asking this question. The more $ someone earns, the more taxes they
give towards the supposed well being of society.
The more $ someone earns, the more they are able to provide opportunity for others in the
marketplace as well. For example, starting a business and hiring people. This is all good for
everyone involved and if the wages aren't good enough then people will find work elswhere.
Unless the "BAD" out weighs the "GOOD", something can not be judged as a "BAD" thing being
labled as "greed" etc. You must explain what BAD it is causing for someone to use their labor
more effectively earning more $. You cannot lable someone as BAD just because you are jealous
that they earn more than you. You should instead ask them how they did it so that you can be
more effective with your labor as well.
How much physical health is too much? When does it become unhealthy? This question doesn't
make any sense does it?
How much love is too much in a relationship? When does it become excessive? If there is a
balance between care and lust than I don't see a downside here either.
How many friends are too many? When does it become excessive?
If one doesn't have time enough for all of their friends then I can see why spending all of your
time maintaining these friendships can become exhausting. However, this assumes that one
would have to spend a lot of time maintaining all of their friendships. This is not true if you are
smart about it. You can keep up with friends on facebook, you can text hundreds of friends at a
time letting them know what your up to. You can have big friend get togethers including any
number of people. If done effectively, there literally is no limit.
How much wisdom is too much? When does it become a downfall? If wisdom means to live
valuably then how can you live too valuably? This question doesn't make any sense either.
Now, let us ask your question once more. "How much money is too much?"
What reason would you have to say that it would be too much? You mentioned the concept of
greed. You infered that if you earn a certain amount then it must be wrong and you called it
greed. This is why it is important to question what good & bad something does and for who.
That way you realize that you are living in false concepts of right & wrong. This holds humanity
back in so many ways.
Think for yourself. Dont just assume that something is bad because someone feels jealous. Ask
yourself why it is bad and for who it is bad for. Also ask why it is good and evaluate things for
yourself.
Let me give you a better example of greed.
Wanting what someone esle has earned rather than earning it yourself. That is a better example
of your concept of "GREED". Otherwise you would be glad for them and ask them how they
earned so much so that you can also earn a lot. High earners are the most generous people.
I have had 4 people close to me try to make me feel guilty for not giving them more money then
I already have given them lately. The funniest thing is that each one of them think that they are
the only one. I have given away more than all 4 people combined and since I don't toot my own
horn every time I'm generous they don't know thinking that they deserve more of my money.
They don't realize that they need to contribute to the market place in order to earn money. They
still think like children wanting someone else to provide for them.
HOW MUCH IS TOO MUCH?
http://news.bbc.co.uk/today/hi/today/newsid_9733000/9733259.stm
CROSSLINK
http://tntdinar.activeboard.com/t58779625/tips-for-handling-sudden-wealth-by-rob-gordon/
A couple of great books ....
Sudden Money: Managing a Financial Windfall
Sudden Wealth: Blessing or Burden? The Stories of Eight Families and the Financial AND
Emotional Challenges They Face with Financial Windfalls
HIGHLY RECOMMENDED!!!!! EXCELLENT FINANCIAL INFORMATION FOR EVERYONE!
Permalink Reply Quote
More indicator.png
THIS IS THE LIVE ROBBINS INTERVIEW ABOUT THE BOOK AS HE DESCRIBES

The Secret of the 50 Richest and Most Successful People in the World
https://www.youtube.com/watch?v=oCcLEAtcgic
<<< HERES THE THING....ROBBINS IS KNOWN GENERALLY...AND ONLY...AS A SELF

IMPROVEMENT PERSONAL MOTIVATOR...THIS BOOK/AUDIO IS A DISTINCT DEPARTURE FROM
HIS TRADITIONAL PRESENTATION AND FOCUSES SPECIFICALLY ON CROSS GENERATIONAL
WEALTH BUILDING AND EFFICIENT TAXATION AMONG A DOZEN OTHER RELATIVE AND
PROFOUND INSIGHTS AND DIRECTIONS FOR ALL AGES AND INCOMES IN AN EASY TO
UNDERSTAND AND ENGAGING WAY
TONY ROBBINS FREE AUDIO BOOK...DISCUSSES INVESTMENT SAVINGS, SAFE MARKET

INVESTING, WEALTH MANAGERS AND REGISTERED AGENTS, INDEX INVESTING, FIDUCIARIES,
INVESTMENT FEES. RETIREMENT PLANNING STRATEGIES, EFFICIENT TAXATION, ASSET
ALLOCATION, DIVERSITY AND MORE. APPLIES TO TEENAGERS, WAITERS AND BILLIONAIRES.
TAKE NOTES
SOMETHING EVERYONE SHOULD WATCH AND SHARE..IMO.
THIS IS SOME OF THE MOST IMPORTANT MATERIAL IVE EVER FOUND AND I'M GUNNA
HAMMER IT UNTIL EVERYONE ON THIS BOARD LISTENS TO IT
https://www.youtube.com/watch?v=gZqx1P3BmoA THIS LINK IS THE EXTENDED 10 HOUR
VERSION ....PRICELESS
---------
This is the PDF that accompany the youtube audio book Money - Master the Game
http://download.audible.com/product_related_docs/BK_SANS_006899.pdf
edit: robbins suggests that anyone interested use an available app or online calculator to project
and compare plans and strategies...me personally..i didnt use any of those at this time because i
dont need them right now. i would advise caution as we always do when entering or offering
any accurate personal or financial information online or to anybody without full knowledge and
understand of what those consequences may or may not be
AND AMAZON CARRIES IT ALL WITH A FREE OFFER

http://www.amazon.com/gp/product/B00OPAJZGG/&tag=soutra07-20
I WAS TOLD ITS A 20 HOUR PROGRAM IN ITS ENTIRETY...I DONT KNOW
HERE IS A CLICKABLE LINK THAT WILL AUTOMATICALLY CONVERT THE ROBBINS AUDIO BOOK
INTO A DOWNLOADABLE MP3 FILE TO YOUR COMPUTER. ITS FREE AND NO REGISTRATION
REQUIRED
http://www.theyoump3.com/download.php?url=https://www.youtube.com/watch?v=gZqx1P3
BmoA
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~
The Fiduciary Standard -- What is that?
When it comes to financial reform, individuals should pay the most attention to the regulations
surrounding the fiduciary standard. It sounds complicated, but it essentially refers to the
guidelines that spell out the obligations financial services professionals have to their clients.
Currently, there are two standards that advisers and financial planners are held to -- the
suitability standard and the fiduciary standard. The suitability standard gives advisers the most
wiggle room: It simply requires that investments must fit clients' investing objectives, time
horizon and experience.
"You can satisfy the suitability standard by recommending the least suitable of the suitable
options, as long as it falls within the general suitability test," says Barbara Roper, director of
investor protection for the Consumer Federation of America.
The suitability standard invites conflicts of interest pertaining to compensation, which can vary
greatly from one product to another.
"And you don't have to disclose your conflicts of interest. You don't have to appropriately
manage your conflicts of interest or minimize your conflicts of interest. So what that means is
often the products that are best for the broker have higher costs for the investor," Roper says.
The other standard of care, the fiduciary standard, basically charges advisers with putting their
clients' best interest ahead of their own. For instance, faced with two identical products but with
different fees, an adviser under the fiduciary standard would be compelled to recommend the
one with the least cost to the client, even if it meant fewer dollars in the company's coffers --
and his or her own pocket.
Unfortunately, many investors can't distinguish among financial planners and advisers. Studies
have shown that individual investors don't know who is a fiduciary or what a fiduciary actually
is.
Read more: http://www.bankrate.com/finance/investing/fiduciary-standard-1.aspx
A fiduciary duty is a legal duty to act solely in another party's interests. Parties owing this duty
are called fiduciaries. The individuals to whom they owe a duty are called principals. Fiduciaries
may not profit from their relationship with their principals unless they have the principals'
express informed consent. They also have a duty to avoid any conflicts of interest between
themselves and their principals or between their principals and the fiduciaries' other clients. A
fiduciary duty is the strictest duty of care recognized by the US legal system.
https://www.law.cornell.edu/wex/fiduciary_duty
-----------------------------
Choosing A Financial Advisor: Suitability Vs. Fiduciary Standards
The Fiduciary Standard
Investment advisors are bound to a fiduciary standard that was established as part of the
Investment Advisors Act of 1940. They can be regulated by the SEC or state securities regulators,
both of which hold advisors to a fiduciary standard that requires them to put their client's
interests above their own. The act is pretty specific in defining what a fiduciary means, and it
stipulates that an advisor must place his or her interests below that of the client. It consists of a
duty of loyalty and care, and simply means that the advisor must act in the best interest of his or
her client.
Read more: http://www.investopedia.com/articles/professionaleducation/11/suitability-

fiduciary-standards.asp#ixzz3WFzgd1w8
THE APPLICATION OF THE FIDUCIARY STANDARD WHEN APPLIED TO A TRUST AS OPPOSED TO

A CHARITABLE FOUNDATION. VERY SIMPLISTIC DESCRIPTION BUT EFFECTIVE
https://www.youtube.com/watch?v=X614NQ3XzRg
=======================================================
GOOGLE CAN BE YOUR FRIEND AND I ENCOURAGE EVERYONE TO CONTINUE FURTHER STUDY
ON THIS SUBJECT
https://www.google.com/search?q=FIDUCIARY&oq=FIDUCIARY&aqs=chrome..69i57.166562545
j0j0&sourceid=chrome&es_sm=93&ie=UTF-8#q=FIDUCIARY&tbm=vid
Old Farmer's Advice
Your fences need to be horse-high, pig-tight and bull-strong.
Keep skunks and bankers at a distance.
Life is simpler when you plow around the stump.
A bumble bee is considerably faster than a John Deere tractor.
Words that soak into your ears are whispered...not yelled.
Meanness don't just happen overnight.
Forgive your enemies; it messes up their heads.
Do not corner something that you know is meaner than you.
It don't take a very big person to carry a grudge.
You cannot unsay a cruel word.
Every path has a few puddles.
When you wallow with pigs, expect to get dirty.

The best sermons are lived, not preached.
Most of the stuff people worry about, ain't never gonna happen anyway.
Don 't judge folks by their relatives.
Remember that silence is sometimes the best answer.
Live a good and honorable life, then when you get older and think back, you'll enjoy it a second
time..
Don 't interfere with somethin' that ain't bothering you none.
Timing has a lot to do with the outcome of a rain dance.
If you find yourself in a hole, the first thing to do is stop diggin'.
Sometimes you get, and sometimes you get got.
The biggest troublemaker you'll probably ever have to deal with, watches you from the mirror
every mornin'.
Always drink upstream from the herd.
Good judgment comes from experience, and a lotta that comes from bad judgment.
Letin' the cat outta the bag is a whole lot easier than puttin' it back in.
If you get to thinkin' you're a person of some influence, try orderin' somebody else's dog around.
Live simply, love generously, care deeply, speak kindly, and leave the rest to God.
Do you know what keeps wealthy people up at night?
It's often assumed that financial planning for high-net-worth individuals is all about
sophisticated investments and complex strategies that are either too expensive or otherwise off-
limits to the general public. However, experts who deal with wealthy clients say those are rarely
the focus.
What these financial plans tend to revolve around are fairly basic strategies, such as developing
cash-flow models, maxing out retirement accounts, minimizing taxes and creating plans for
clients to pass on both their wealth and values to future generations.
"A lot of high-net-worth clients aren't just about getting the best returns," said Mitchell Kraus, a
certified financial planner and owner of Capital Intelligence Associates. "They've built their
wealth and want to make sure it's preserved.
"An extra 1 percent on $100 million isn't going to change their life," he added. "Our clients want
to pay less in taxes and get good investment returns, but their real goal is to make sure the next
generation is prepared."
According to experts, the following strategies are on the top of the priority list when dealing
with wealthy clients.
1. Creating a cash-flow model. Neil Waxman, a CFP and managing director of Capital Advisors,
said his first course of action is to develop a good cash-flow model to show his clients' expected
inflows and outflows and how their current asset base could be affected by their asset
allocation.
The model "typically illustrates to clients the probability of reaching and maintaining their
financial goals," Waxman said, adding that it then protects capital by preventing clients from
making panicked decisions when markets become volatile, or trying to increase returns by
moving outside the risk/return parameters of their portfolio.
2. Maximizing retirement contributions. Not surprisingly, tax planning is among the most
significant components of financial planning for these clients, and experts say one of the biggies
on that front is maximizing contributions to tax-deferred accounts.
While this may seem obvious, Charles Bennett Sachs, a CFP and principal of Private Wealth
Counsel, said "it's more impactful than many people think."
"There are multiple [tax-deferred] buckets you can fill up, [and] a lot of people don't realize
how much money they can actually defer," he said. Sachs explained that when Mitt Romney ran
for president in 2012 and disclosed his individual retirement account was worth $20 million to
$102 million, people wondered how that could happen. This is how.
In addition to maxing out a 401(k) and traditional IRA, Sachs said, people who are self-employed
or generate outside income may be eligible to contribute to a SEP IRA, a solo 401(K) or a defined
benefit plan. If you're an entrepreneur, you could potentially transfer your company's stock into
an IRA.
3. Doing backdoor Roth conversions. Another popular strategy for wealthier people who are
ineligible to contribute to a Roth IRA is a "backdoor Roth IRA conversion," in which you
contribute money annually to a traditional IRA and then convert it to a Roth.
With Roth IRAs, you pay taxes upfront, so withdrawals are tax-free. You're also not required to
take distributions, so the money can continue to grow. (Backdoor conversions are legal but fairly
controversial, and many expect they will be outlawed sometime soon.)
4. Lowering income and capital gains taxes. Another focus for Waxman at Capital Advisors is
lowering income and capital gains taxes. "With higher tax rates on most forms of income, we
have become even more vigilant at minimizing capital gains tax paid by clients via diligent tax-
loss harvesting at all times," he said. (Tax-loss harvesting involves selling certain securities at a
loss in order to offset gains elsewhere.)
Additionally, he said, "We place active managers in retirement plan accounts when available,
find high-quality dividend-paying companies and increase municipal bond holdings, given the
higher tax-effective yield."
Using appreciated stocks to make charitable contributions, as opposed to giving cash, is another
tactic that lets you avoid paying the capital gains taxes you would incur if you sold the stock.
5. Avoiding estate taxes. Estate taxes are a thorn in the sides of many high-net-worth clients.
However, Sachs at Private Wealth Counsel said that by lowering the value of an estate, this
could lessen (or avoid) the blow. And he explained that there are numerous ways to do this.
Gifting is one.
Current laws allow an unlimited number of gifts, each totaling up to $14,000 a year, tax-free.
For example, you could have 10 friends to which you give $14,000 each, thereby giving away
$140,000 without ever having to fill out a tax form. (For 2015, the estate tax exemption is $5.43
million per individual.)
There are also various trusts that can be established to remove assets from an estate.
Irrevocable trusts are often used to transfer out life insurance policies, while Grantor Retained
Unitrusts (or Grantor Retained Annuity Trusts, which are similar) allow income-generating
assets such as stocks or real estate to be put into trust, although they allow the creator of the
trust to continue receiving income from the asset(s).
If a family business is involved, a limited liability company or family limited partnership is an
option that transfers the business to the owner's heirs while allowing the owner to retain
control.
6. Focusing on philanthropy. Kraus at Capital Intelligence Associates said philanthropy tends to

be very important to his clients, many of whom are just as concerned with passing on their
values to their heirs as they are their wealth. Charitable remainder trusts (CRT), charitable lead
trusts (CLT) and donor-advised funds (DAF) are vehicles that can help accomplish that.
A CRT is an irrevocable trust that is usually funded with appreciated assets. The assets are
effectively removed from the estate, which allows for an immediate tax deduction. The grantor
(or whomever they choose) can receive income from the trust throughout their life and when
the grantor dies the assets go to a nonprofit organization of their choosing.
A CLT is set up similarly; however, a grantor-selected charity receives the income, either for a set
number of years or throughout the grantor's life. When the grantor dies, the trust assets are
passed on to their heirs.
A DAF is like a savings account that's used for charitable donations. Kraus said it's often a better
alternative to a private foundation, which is more complex and costly. Contributions to a DAF
warrant an immediate tax deduction, and the donor (and their family, if applicable) has the
ability to decide where, when and how much to give.
http://www.cnbc.com/id/103167928
HELLO MR. BANKER, I HAVE IRAQ DINAR, VIETNAM DONG AND ZIMBABWE CURRENCY. I
WOULD LIKE TO EXCHANGE...CAN WE DISCUSS THE MOST FAVORABLE RATES AND TERMS,
BOTH PUBLIC AND PRIVATE, AVAILABLE FOR EACH?
WELL MR BANKER.....I RECEIVED SOME INFORMATION IN THE PAST THAT THERE MAY BE MORE
THAN ONE RATE AVAILABLE DEPENDING ON HOW WE EXECUTED THIS EXCHANGE. IF THERE
ARE OTHER OPTIONS BESIDE AN EXCHANGE AT THE INTERNATIONAL RATE, I WOULD LIKE TO
EXPLORE THOSE TERMS AND REQUIREMENTS IF THEY ARE AVAILABLE TO YOU OR ANY AT THIS
BANK.
"I PLAN TO MAKE MY IMMEDIATE FAMILY A LITTLE MORE COMFORTABLE AND THEN I WANT
TO LEARN HOW TO PROTECT AND GROW MY MONEY FOR GENERATIONS...AND I NEED SOME
HELP WITH THAT."
DOES IT "COST" TO PAY WITH CASH? CONSIDER THE LOST OPPORTUNITY
When we have the CASH to pay for something, it becomes a natural tendency. And when we
spend that designated amount, we view that as the only loss.
But what about the "lost opportunity" that designated amount of money could have earned "IF"
we had put it to work and made that purchase with OPM (Other People's Money)?
Here's a basic example to make you aware of the possibilities. Have your professional people
help you to calculate the "lost opportunity" BEFORE you make that expenditure, the results just
may surprise you!
Here is an example of $400K being utilized to buy a house. Some might opt to pay cash, spend
the $400K and having untapped equity in the home. Or, one might opt to secure a low interest
loan for the home and invest that $400K cash for a lifetime positive cash flow.
$400K CASH - In 15 years the home is "free & clear" with no income source.
$400K LOAN - In 15 years the home is "free & clear" with $426K perpetual income source.
Mortgage: $400,000
Interest rate 2%
Term of loan 15 years
Monthly Principal
and interest $2574.03
Total out of pocket $463,325
Investment $400,000
Rate of return 8%
Years Invested 15
Future value $1,322,769

Strategy: The investment is in an equity mutual fund, one that invests in stocks and produces an
average annual return of 8%. The mutual fund will allow you to establish a systematic
withdrawal program in which you will send $2574.03 per month to your mortgage company on
the due date.
At the end of the 15 years you will have paid off the mortgage and still have approximately
$426,128 in the investment account which will continue to grow.
The investment account will generate an annual capital gain tax liability which you will be able
to offset most of by your tax deduction for the mortgage interest you have paid.
This example is one of many that can be calculated. Think before you LEAP!
Nanas Library (abridged version)
Managing Foundations and Charitable Trusts by Roger Silk, (et. al = and others)
The Single Family Office: Creating, Operating & Managing Investments of a Single Family
Office by Richard Wilson
How to Speak Money by Ali Velshi,
Lies About Money by Ric Edelman
Loopholes of the Rich by Diane Kennedy
Its About the Money by Rev. Jesse Jackson, Sr., et.al.
Business Formulas by Joel Siegal, et. Al.
Millionaire Next Door by Thomas Stanley, et. al.
Real Estate Investing Loopholes by Diane Kennedy, et.al.
Money Master the Game by Tony Robbins
Investing & Wealth Management by Mark Victor Hansen, et. al.
New Money: Staying Rich by Phillip Buchanon
The Due Diligence Handbook for Commercial Real Estate by Brian Hennessey
Commercial Real Estate by Clayton Goeffreys
Money Wealth Life Insurance by Jake Thompson
Passive Income by Omar Johnson
The Construction Project Management Success Guide by P. Andreas
Grassroots Philanthropy by Bill Somerville
Rich Dad Advisors Tax-Free Wealth by Tom Wheelwright
Loopholes of Real Estate by Garrett Sutton
Primates of Park Avenue by Wednesday Martin
Straight To Hell: True Tales of Deviance, Debauchery and Billion-Dollar Deals by J. Lefevre
Family Wealth: Keeping It In the Family by James Hughes, Jr.
The Thin Green Line by Paul Sullivan, et. al.
Shark Tank: Jumpstart Your Business by Michael Parrish, et. al.
Family Fortunes: How to Build Family Wealth and Hold onto it for 100 years by Bill Bonner, et.
al.
The Wealth Code 2.0, by Jason Vanclef
48 Laws of Power by Robert Greene
The Power Playbook by La La Anthony
You Be The Bank by Jovan Walker
How to Speak Money by John Lanchester
Richistan by Robert Frank
Wealthy & Wise Secrets about Money by Heidi Steiger

BLOODLINE TRUSTS W/PER STIRPES CLAUSE
THIS IS FOR INFORMATIONAL AND RESEARCH PURPOSES ONLY AND NOT A PROMOTION OR
ENDORSEMENT OF A SERVICE OR PROVIDER
http://www.goldenopportunities.tv/pages/information/ARCHIVE/legal/272-10-10-04.htm
MORE GOOGLE
https://www.google.com/search?q=BLOODLINE+TRUSTS+W%2FPER+STIRPES+CLAUSE&oq=BLO
ODLINE+TRUSTS+W%2FPER+STIRPES+CLAUSE&aqs=chrome..69i57.51297551j0j0&sourceid=chr
ome&es_sm=93&ie=UTF-8
Youve got it all worked out, to leave your assets to your children. At your death, your money
and property will become theirs. It seems so simple. Or is it?
What if your child gets a divorce five or ten years later? Have you thought about this? Your
childs spouse is likely to go after half of your childs assets-- including your money that you left
as an inheritance. Or perhaps your child dies ten years after you, leaving everything to the
spouse. Whether due to death or divorce, part or all of your money will pass out of your
bloodline family to your son-in-law or daughter-in-law. Sure hope you like them!
What if your child is sued after receiving your inheritance? Kiss it goodbye because the creditor
can grab it.
Is there any way to protect your inheritance for your kids and grandkids, for the bloodline,
keeping it away from in-laws and creditors? Many folks mistakenly think theyre already
protected, because their will says per stirpes. Sorry, but per stirpes only means that if your
child predeceases you, dies before you, then the inheritance goes to your childs offspring rather
than to the spouse.
A per stirpes clause only helps if your child dies before you. And, thankfully, this doesnt happen
too often. In fact, theres no way to keep your estate for your bloodline family with a will, or
joint ownership, or beneficiary designations, or even a standard trust. So whats a parent to do?
Theres only one way to protect your estate for your children and grandchildren after youre
gone. Its called a Bloodline Trust.
Heres how it works. While youre alive, all of the assets remain yours. When you die, your
assets will pass into the bloodline trust, one for each of your children. Theress no probate.
Lets say you have two children, Bob and Mary. Instead of Bob and Mary inheriting outright, half
the inheritance goes into a Bob trust and half into a Mary trust.
If Bob or Mary is irresponsible, or if they cant handle money, you can name a third party as
trustee to manage the inheritance for Bob or Mary. But if they are responsible, you can name
Bob as his own trustee and Mary as her own trustee. Thats the way most folks do it. Bob will be
in charge of his trust, Mary can be in charge of her trust.
After youre gone, your children can decide on how they invest the funds in their bloodline
trusts. Stocks, bonds, CDs, they can invest how they wish.
And your children, not their spouses or creditors, can take money out of the trust whenever they
want, for anything they or their kids need.
For example, they can take money for food, clothing, rent or mortgage payments, or health care
needs. They can use their trust funds to pay for their kids education. Theres lots of flexibility.
But heres the benefit. If your child later gets a divorce, the bloodline trust maintains the
inheritance as separate assets. Only marital assets are to be split in a divorce.
At death, the remaining trust funds can be directed to your childs children, your grandchildren,
not the in-laws. And the trust funds can be protected if your child is sued.
Bloodline trusts offer some very useful protections. Protections for your kids in case of divorce or
a lawsuit. Protections for your grandchildren when your children die.
Please understand, trusts in general, and bloodline trusts in particular, are complicated, and this
is just an overview
THE FOLLOWING IS A QUOTE FROM MATERIALS PRODUCED BY THE VERMONT BAR

ASSOCIATION IN AUGUST 2014 IN AN AD FLYER FOR A V BAR SEMINAR
d. Distributing Assets to the Appropriate Parties Bloodline Trusts

the old saying, We can pick our friends, but we cant pick our family, is
particularly applicable in the case of sons- and daughters-in-law. With 50% of all
marriages and 60% of second marriages ending in divorce, this is not an
uncommon estate planning problem. A bloodline trust is designed to keep wealth
in the family.
1. Consider a bloodline trust when your child or his/her spouse is:

(a) A spendthrift and/or poor money manager.
(b) Has difficulty holding a job.
(c) Has an addiction such as alcoholism, drugs or gambling.
(d) Has children from a previous marriage.
(e) Or where the client is just worried that the in-law may remarry if his or her child would die
first
SEE FULL DOC HERE https://www.vtbar.org/UserFiles/Files/EventAds/081414.pdf
ALSO HIGHLITES CUSTODIAL TRUSTS AND SEVERAL WEALTH PROTECTION TOPICS.
Post Rv Plan...here's mine, what does yours look like?...security, safety and privacy
Permalink
private property..not for redistribution
Here's what i've got so far........
FIRST THING after it RV's if not sooner...go get a new disposable cell phone with new cell
number for security, with a big minute package 2000+ minutes, YOU CAN AFFORD IT...this is
business line use only. Disable "GPS location" in the menu before making even the first call. (One
of these days you may want to shift a few of the business contacts to a single personal line and
throw the business phone and everything attached to it awayget rid of it completelyand go
on with life without people hassling you for money and services for the next 20 years). I use a
triple minute tracphone from ebay ...samsung T-301g...nice lil phone under $20 shipped. Also at
walmart, dollar general etc...always pay cash for phone and minutes...ONLY. Ask for a phone
with an included verizon or att sim card for better reception/coverage
If you dont have a passport.... get started NOW! Make application for expedited Passport, you
can do it online or you can do it at the post office by appointment. expedite it...you can afford
it and, you need it as soon as you can get it. You could go ahead and get one in advance if
possible or at least get the forms together and filled out, add a picture...just get a head start.
There are ways to get a passport as quickly as a few hours if you are willing to spend the time
and money to do so. There are services that can do it for a few hundred in a week or so. A
passport is a government issued photo ID.... used for security and privacy, to use to
exchange/set up trusts and accounts, mailboxes, etc. Passports do not include your home
address on them like your drivers license so; your home address is not on any accounts,
paperwork or computers .... Much more private and, accepted everywhere.
During these first few hours after the RV announcement.......information about the new RV rate,
terms, type of float, bank packages, codes, broker/dealer rates, etc, should be public. There will
be thousands of people working together to collect all available information with endless debate
and discussion on what the best current strategy is, based on and where we're at ...at that point
in time. We anticipate three potential strategies depending on the terms of release.
When the collective brain trust of the online Dinar community has made those determinations,
the best scenarios for the exchange process will be available to compare with your personal
plans to help formulate your own personal choices moving forward. The majority of these
materials and opinions will be available and emailed out for general review.
Go get a UPS or other private mailbox service that provides a street mailing address and suite
number. (US post office wont do it) These boxes are already in short supply so you need to
move quickly. They require a physical address to set them up...try to use your passport if you
already have it...use DL only if necessary. This new mailing address is for ALL new
correspondence, legal matters, bank statements... everything that has to do with your new
wealthy life.
Again ...this is for privacy and security. This may sound silly right now but you will one day
appreciate that you did it this way. These may seem to be unusual tactics but you have only one
chance to provide this level of privacy and security....a lot easier to do it up front than go back
and change and erase everything.....trust me.
I think you should plan on having all this done in the first 72 hours after the announcement if not
sooner as a goal.
Now that you have got that done....
Go order a small run of business cards at Kinkos or vistaprint.com, a few hundred...soon as you
can get them. Very basic and simple cards. Name, (no BOX#) Street address and suite # and your
new business cell phone number. ...ONLY! You need them in hand in a couple of days.
You will be meeting and talking to more people in the next few weeks than your used to ...they
are going to need your contact information.... hand them a card when they hand you one of
theirs.
OK...by this time we're into this a couple days and the smoke is clearing. You got all your
"privacy" ducks in a row, you have seen the reviews and had time to discuss the options...maybe
you've slept a little...maybe you havent. Now you've got a pretty good idea of what you're
holdin...wealth-wise, you've got an idea or two about the best options out there.
Now its time to pull out your research conclusions.... you know...that stuff you've been working
on...right? The bank research, getting referrals, annuities research, trusts, foundations, personal
notes...phone numbers, contact names, addresses.... makin a list...checkin it twice.... youve
done all that.... right? I hope so.
Also, by this time we should know how to handle reserves if you have them, whether to lock in
rates, send a payment, set an appointment etc. At this time we MAY want to lock in a
rate...maybe not. We wait for those determinations based on the terms of the release.
NOTE: DO NOT USE THE WORDS CASH-IN AT ANYTIME WHEN TALKING TO ANYONE AT THE
BANK OR DEALERS .USE THE PHRASE CURRENCY EXCHANGE AT ALL TIMES. (Update 9-22-13,
Always refer to your currency as IQN and VNNNOT repeat NOT ..VND or IQD "this current
info may be subject to change")
This is where we decide how many notes we're going to exchange to get some runnin money. A
couple of small notes should do the trick. One 10k note will be around $30,000 minimum. One
25k note will be $75,000 minimum. Thats enough to buy new underwear, hire professionals, get
a phone, biz cards, mailbox, passport, pay off reserves, get all your bills paid up, have a nice
meal and a few drinks, bail yourself out of county jail .....etc etc.
Now.... first thing.go rent a nice car for a couple weeks (you can easily renew additional
weeks)...you can afford it.... and you need it. Nice car, not flashy. I have already sent out my
piece on "how to buy a new car of your dreams for 50 cents on the dollar while driving one for
free". We can explore that more later.
Drive your new dream car for free and then buy it at 1/2 price \
http://tntdinar.activeboard.com/t55851989/choose-the-perfect-car-drive-it-for-free-and-buy-it-
for-half/
http://tntdinar.activeboard.com/t55851989/choose-the-perfect-car-drive-it-for-free-and-buy-it-
for-half/
The rental car is a primary issue of privacy and security and...and it will be nice, and fun. The
rental car is licensed to the Rental Company and so are its tags. No one could trace you to your
car, you, or your home address, or your family from the rental tag number unless they hacked
the car rental companys computer or, unless they followed you home. I am already checking for
large hotels with underground private parking garages in my nearest local major city where I
will be exchanging. I will make a reservation at that hotel for the days/nights of exchange. After
exchange I drive to the hotel instead of homeparking the rental car in the private underground
garage. I will then call the rental company and have them deliver another new rental to the
hotel, park it in the garage and have the driver leave the keys and parking location at the desk
for me. When I leave the hotel the next day or soI will leave in the new rental (different
make/model and tag number) for the drive home. The old rental will be left in the parking
garage locked up with the keys under the mat for later pickup by rental agency. This eliminates
any possible tail to your home. Trust me...these privacy issues are well discussed and thought
out for your safety...its a safety measure that will you will one day appreciate.
{{{IF FOR SOME REASON A RENTAL IS IMPOSSIBLE..A GOOD FRIEND AND TNT MEMBER
SUGGESTED TODAY
a line of thinking about personal safety, security and privacy when exchanging the very first
note. For those that can not pre-arrange a rental car for the exchange,. drive your car to a 24hr
walmart or large mall, call a cab to pick you up at the front or other entrance, take you to the
bank and have them wait for you.. After you finish business, take the cab back to the walmart or
mall and enter the store for a few minutes..... find the customer service desk or a manager and
ask to have a security person escort you to your car..and then proceed to your next
destination.}}}
Its time to start calling Contacts from your well researched and prepared list: Financial
strategist, Estate attorney, tax attorney, financial planner etc.
Personally I cant see a benefit of any kind by having these pro's in your hometown, or
exchanging at a local bank where everyone knows you...in the long run nothing good comes
from that. Im traveling to the nearest largest major city main branch where we can easily set
up account structures that auto-draft lump sums from a discrete remote anonymous private
trust, LLC or holding account into our local daily personal checking account, without raising
suspicions and still protecting privacy while enhancing security
Use these various professionals to estimate and prepare for tax implications, set up multiple
trusts for you to diversify holdings, a foundation, annuities, Multi-Currency account, CDARS
account. setup a general financial plan. Then get your first will and a durable power of
attorney drawn up.
REMEMBER, all these trusts and wills or the plans for them etc are a first step toward currency
exchange, security and privacy.... they dont have to be perfect in every way...you can change,
amend and modify 90% of this stuff as you go and after the fact...it will be necessary to do that
anyway.... so dont let all this freak you out.
Now its time to go to (or contact) the several banks and make appointments to meet the
Foreign Currency Manager, Wealth Managers and Private Bankers at each of those banks on
your list.... this is an interview...you are interviewing them.... they will be working for you.
I think you have to start with a friendly interview by phone.... ask for someone in "Wealth
Management" "private client banking" etc.....just feel them out on the phone...dont tell
everybody everything YOU know.... dont talk figures on the phone...if you're pressed for an
amount ask...."what levels of deposit are required for me to get your assistance?" If he says a
number that you can work with under your plan to diversify.simply reply..."OK...I would like to
send over some materials for you.... when can we meet?" Set an appointment a couple days out
(this may need rethinking depending on the rate and terms at release). Every banker, lawyer etc
doesnt need to know the total of the Dinar or wealth you now have...only the amount they are
dealing with at that one bank or institution. No need to show all your cards at one table.
They will be eager...you be prepared, confident, relaxed and calm. Its all going to sound really
good...it probably wont be...breathe.... take your time ...understand, get help.
Do you click with them? Great. If you dont click because of personalities or your level of
deposits is a volume beyond the experience of the person you are speaking with, or any other
reason...ask if there are other persons at that bank that you might be referred to.... Dont throw
the baby out with the bath water.
If you are fearful and confused by previously perceived authority figures (Bankers), the (Bank)
environment or, just legal contracts. Maybe a trusted attorney is the first guy you hire...you can
afford it...hire him to be your general counsel, he can review all documents before hand to see if
it meets your requirements and protects you fairly and within the Law, he can go to the meeting
at the bank with you and negotiate changes in terms or language if needed...before you sign or
agree to anything.
I have previously sent several banker/planner questionnaires that you could send to the Pros in
advance of your meeting. Also send a "privacy and non-disclosure agreement" (NDA). (The
attorney needs to also sign a NDA and PA too, IMO). Ask that they be filled out and overnighted
to your private business mailbox or you can pick them up for review a couple days before the
meeting.
I want a qualified bank representative AND all bankers/wealth managers, planners, lawyers,
whoever.... all of them... to sign a "NON DISCLOSURE AGREEMENT and "Privacy Agreement"
that is effective from our first meeting and, stays in effect long after I'm gone if I decide at a
future point to leave that bank and go elsewhere.
Within my agreements it will be stated that i am not to be contacted by anyone other than the
guy/gal (Wealth Manager) that I decide to do business with, no salesmen, nobody (unless you
want 200 people calling you). That my contact info is strictly private and his/her "EYES ONLY".
Also, that all my new personal or business account information is wiped from all front teller
screens and assistant manager screens etc...and only accessible by the ONE GUY IN THE BACK.
my Guy.
And, the agreements include that NONE of my info will be distributed to anyone without
signature and personal waiver lifting those restrictions on a case-by-case basis. I want to set it
up the way it best suits and my lifestyle.
If that all goes well... and you're happy there...they are cooperating and friendly...and you feel
good about it and, you're settled in. And you've decided to go with the person at that bank or
maybe their team...its time to get down to business.
It could look like this..............
You have researched, been referred to or chosen a solid, good rated bank(s), Banker(s), financial
strategists, advisors, attorneys, planners, etc., you have verified that there is a currency
exchange desk at all the banks you are meeting with to exchange physical currency (this wont
matter with reserves unless said banker will assist somehow to settle those reserves), that they
have ABSOLUTE REAL-TIME, ON-SITE VERIFICATION of the currency you are bringing in, that all
currency exchanges are instantly credited to your accounts without additional review or
unnecessary delay, that they have a wealth management division capable of serving your
banking and investment needs, you have hired an attorney to hold your hand and help make
sense of the contracts and terms as needed, you've interviewed several bank personnel at
several banks, you have found the right person at the bank youve chosen, you have sent your
questionnaire, PA and NDA in advance, they've filled it out and returned it to you, you have
reviewed it and are satisfied enough that you can have a sit down meeting, you have called back
to set or confirm your scheduled meeting, your appointment is made, you've contacted your
attorney and he's ready to go with you on that date and he has reviewed any materials so far
provided as needed, you have all your dinar/dong counted and separated, you've decided how
much Dinar you will be exchanging at this one bank or institution, and have all your purchase
receipts and passport ID in a neat little bundle, paper sack or folder..
On bank day. .you head to the bank in your rental car with a trunk full of Dinar; youre wearing
everyday clothes that blends in with people in your local area.... this is not paparazzi moment on
the Hollywood red carpet.... just slip in....do your business calmly...leave.... go somewhere else
(not home), eventually the hotel as earlier described.
Depending on the news reports and social awareness at the time, your level of competence, how
much physical Dinar you have...how fast you can run...etc etc. You might consider a uniformed
off-duty officer to escort you from your home to the bank and back...you can afford it. Or...you
might contract with that same uniformed officer in advance to simply be at the bank...standing
in uniform beside his police car in the parking lot near the entrance 30 minutes before your
appointment. He is to remain until you call him to release him from assignment. (You release
him from duty after you safely leave the bank and arrive at your nest destination ...you never
have to meet the guy if you dont want to.). He doesnt have to know you...you wouldnt even
have to introduce yourself or acknowledge him in any way. Just his presence in the parking lot
would be a great deterrent for any potential unwanted activity. If things get weird...he is still in
your employ...you can call him or address him personally and ask for any assistance you need.
If you have tons of Dinar...please make arrangements for a courier or escort to transport.
So...you go to the bank to setup new accounts to accept either an on-site CURRENCY EXCHANGE
or setup accounts to accept wires from reserve dealers.... or both. Personally Im using all NIB
accounts and, as suggested, opening up one or more of those for each currency held keeping
the IQN separate from all other currencies, including the USD, at all times. And, also setting up
a mirror account system for each currency held over one year seperating the deposits derived
from that purchased currency from currency or reserves under one year from purchase.
If at anytime it doesnt feel right...dont do it. If your confused...STOP and get answers...if you
need to take a private break with your attorney to discuss something...do it.... if you need to
sleep on it overnight...do it.... if it gets too weird...leave.
Diversify by spreading deposits equally over a couple, several or many different banks, credit
unions and investment vehicles to manage risk. I have sent these study materials already.
Negotiate third-party deposit insurance on all balances at every deposit location and
account...maybe the bank will pay the premium? They shouldits an insurance policy premium
based of the banks credibility and stabilitynot yours or your moneythey should pay the
premium.
A Non-Interest Bearing (NIB) account(s) is what I believe at this time to be the best option....
many will disagree. Yes, you will lose some interest during the development phases of your
financial plan but it is short term and temporary. Since there is no Interest earned on a NIB, that
one aspect eliminates the reporting requirement possibly providing additional time to develop
better tax strategies. It is also the recommended or suggested method to provide a slightly
higher level of privacy and security and.... maybe even private banking side provided insurance
coverage for those deposits or enable third party insurance product availability.
(applicable to the reserves exchange) Setup two new bank accounts at each bank for deposits (4
if you hold currency over 1 year old), these may or may not be into a trust or other financial
vehicle (these are deposit accounts only).... 1st account is a wire account that will receive the
wire deposit from the broker/dealer or even used to wire funds from bank to bank if needed.. As
soon as the wire is received.... the funds are "Swept" from that account to the second "Holding"
account...then the first account is closed immediately to prevent charge backs, hacking or other
frauds...this adds an additional layer of privacy and security.
Initially these accounts may need to be in your name if you havent already setup up other
privacy through entity structures. Eventually all holding accounts will likely be in the trust's or
LLCs name (not yours) with you or an appointee as the trustee/manager. The address of the
trust will be your mailbox; the phone contact is your business disposable phone.
a new discovery as of yesterday (9-28) ....AGENCY TRUST ACCOUNTS...it looks important to me.
It is probably a temporary measure and more suitable to some than others. It takes 15 minutes
to set it up and its free. Its not under the depositors SS# but the banks FEIN#, under custodial
fiduciary care, we retain full control, funds are private and safe from bank comingling and there
are reports it may defer tax assesment..check with a pro...this is new information
An introduction study of exchange strategy using temporary Agency Trust Accounts
http://tntdinar.activeboard.com/t55852070/an-introduction-and-study-of-agency-trust-
accounts/
Its a vehicle found on the private side of wealth management in the trust department. Its a
"shelf trust" available to customers to accept incoming capital assets, its like a trust account. its
in the bank, funds are and can be distributed...even to your other accounts. You own and control
the money...you direct your manager custodian as to what to do with those funds...as i currently
understand it
Mask the Balance of Accounts
If there is a large amount of money sitting in an account, tell your private banker to Mask the
Balance of that account. This limits a teller who might have to pull up your balance from
seeing the whole amount in your account and only reveals the amount you specify.
Add a P.O.D. (pay on death) clause to each account and signature card. You will need to
name/designate a person that can access that money if your dead without the state probate
interference.
Always write the words "All Rights Reserved" ABOVE your signature on everything you sign, no
matter what it is.... for the rest of your life.
Set up a secret verbal password that only you and your private banker know. You will use this
password to do remote banking by phone when needed...like lifting a spending limit on debit
cards or secure transfers of funds for purchases or investments.
Setup accounts with limits for your protection. Example: $5000 debit card, $25000 credit, etc.
this too is a safety measure and can be modified at will.
I dont think its a good idea to leave the bank after exchange with your maximum $10,000 cash
withdrawal.... or any cash for that matter.... youve already exchanged tens of thousands of
dollars within the last week and its already at your disposal.... leave the cash at the bank for
now. The goal right now is to get it in the bank safely and wisely...and get you back home
safe.... well get it out later.
choose the perfect car, drive it for free and buy it for half price.
speaking of vehicles.....observing conversations about what vehicle to buy....Consider rentals
initially. You can rent just about anything and that provides a chance to test drive at your
leisure extended intervals to really "feel" the car. Rent everything, a week or two or more at a
time, and see what kind of vehicle really fits you.
Depending on how you have your finances setup..if you own any kind of business or not.....its
possible a majority of the rental car fees, fuel etc could be expensable in the year taken....seek
professionals to structure these expense
You also get the benefit of (fun) privacy and security of driving an untraceable car while running
around doing post rv banking and taking meetings, looking at houses etc.. A rental car is
registered to the rental company... if here is any chance that you may be noticed in a high
profile setting and the possible security concerns that my develop because of that, are further
diminished....The tag number does no trace to you or your home and family. And, all rental fees
would be deductible in full if you have your affairs properly structured.
After you have driven everything available and you decide which vehicle you really really
want....go to the dealer and pick out a new one like that off the lot...or order one that exactly
serves your desires....and then lease it.
The first two to three years a new vehicle loses up to 60% of its value depending on make and
condition ...why throw your money away on a depreciating asset? A two year or three year lease
is deductible through a trust or business or (LLC) therefore, all depreciation and expense
associated with the new lease vehicle is deductible in the year taken.
At the end of the lease period..you can turn it in for another new car of your choice..even
another brand or make...and continue the cycle...OR "buy out" the lease on that one and keep it
or..... donate it or..... give it to family.
If you decide to buy out the lease...you have enjoyed the purchase experience of your new
dream car...driven it off the lot new and used it 2-3 years ...and you have expensed costs,
payments (depreciation offset), maintenence and operational costs. and eventually purchased it
at used car prices.
leasing provides the opportunity to "expense" the depreciation..then buy out the lease. This
provides for you to test drive everything, then order your dream car new, expense the the first
years' depreciation and costs, and eventually purchase it at used car prices.
Using the example of a three year lease...
if you buy the same new car for cash....that at the end of the first three years..the car has
depreciated $18000-$20000 and you absolutely lost that money through depreciation and there
will never be a mechanism to recapture that loss with maybe the exception of a charitable
donation to achieve a partial recovery..
In my example by comparison.....those same losses are expensed in the year taken...therefore,
what would have been a depreciated loss under ownership.... are captured in real time as
expensable items under the lease and that includes maintenence and other operational costs.
you get to expense, generally, the payments and operational costs and support costs via tax
deductability..if your finances are set up properly.
That applies to the rental car and lease car....

as always..check with a professional
Restated....you get the benefit of driving every car made to determine exactly what you want,
......you get the security of anonymity, ........after you decide the perfect car for you, you get to
the dealer and pick one out or order it new to your specifications, you get to drive new cars for a
year or more for free...then a new lease for 2 or more years and .....eventually you could buy out
that lease and you have driven and are driving the car of your dreams....the lease buy out
amount already reflects the depeciated price.....you get to write off almost all payments,
depreciation and all fuel, insurance, expenses and costs too.
So..this is how you may pick the new car of your dreams....while driving one for free and... then
in the end...buy it for >60 cents on the dollar bypassing depreciative losses and operational
expenses
most people want plastic on the seats.....lots of plastic and a new car smell. My example is
directed to those that intended to buy a new car as their first purchase . These guides will
provide the best way to not only determine if what you think you want is really what you
want.....provide immediate security...then enjoy that NEW car for half price
estimates approximate
It may even still have the plastic on the seats
happy motoring
buckle up
SOME THOUGHTS ON "QUALIFYING" AT THE EXCHANGE MEETING
EXCHANGE THOUGHTS
DC'S COMMENTS ABOUT BANK EXCHANGERS DETERMINATIONS OF YOUR QUALIFYING FOR

CONTRACTS ARE GENERAL GUIDANCES.... MY GUT TELLS ME IT WILL GO MUCH DIFFERENTLY
FOR MOST..THESE ARE BROAD GENERALIZED STATEMENTS OF GUIDANCE TO HELP MANY OF
THOSE THAT REALLY HAVE NO PRIOR EXPERIENCE OR CONCEPT OF BUSINESS OR BANKING.
JUST BE NEAT AND LOOK LIKE YOU MEANT TO GET DRESSED TO MEET SOMEONE THAT YOU
WANT TO HAVE A KIND AND FAVORABLE IMPRESSION OF YOU....ITS JUST A FIRST DATE...NOT
THE WEDDING..
IM NOT EVEN GOING TO LET THE IDEA OF SOME "QUALIFYING" CLOUD MY EXPERIENCE OF
THIS THING. THE QUICKEST, EASIEST WAY TO APPEAR OR BE PERCEIVED AS FEARFUL AND
LACKING CONFIDENCE IS TO FEEL YOU ARE BEING JUDGED ON THOSE ATTRIBUTES. WINNERS
DONT DO THAT.
JUST BE A GOOD REPRESENTATION OF YOURSELF...NOT SOMEBODY ELSE...BE KIND, PUT A

SMILE ON THE INSIDE...AND OUTSIDE. BE YOURSELF...BEING FAKE WONT GET YOU PAID ANY
QUICKER OR BETTER IMO.
REALLY FEEL THE SMILE ON THE INSIDE..VISUALIZE IT..PRACTICE IT NOW...IT REALLY DOES
CHANGE THE ENERGY IN A MEETING....YOU'LL BE FINE.
I WOULD NOT VOLUNTEER TOO MANY DETAILS, IDEAS OR CONCEPTS GENERALLY, ALL GREAT
IDEAS ALWAYS FIND OPPOSITION. A NEUTRAL CONFIDENT STANCE MAY BE WISE. A FRIEND
ONCE TOLD ME...."YOU DONT HAVE TO TELL EVERYBODY EVERYTHING YOU KNOW...AND ITS
BETTER THAT YOU DONT".
THEY WOULD RATHER HEAR THAT YOU WANT THEM TO TELL "YOU" ABOUT ALL THE PLANS,
POSSIBILITIES, STRUCTURES AND OPPORTUNITES THEY MAY PROVIDE. WM'S DONT WANT TO
BE TOLD HOW TO DO THIER JOB OR HOW YOU WANT THEM TO DO IT.
ULTIMATELY THEY TRUELY JUST WANT YOU TO HAND THEM THE MONEY TO PLUG INTO THEIR
EXISTING SYSTEM. ...THATS THE WAY THEY ARE TRAINED AND WHAT THEY ARE GENERALLY
USED TO....AND THATS JUST THE REALITY OF THE THING.
WE WILL BE CALM, CONFIDENT AND SMILING...THEY WILL BE TIRED, DISORIENTED AND

ANXIOUS...SURELY WE CAN MEET IN THE MIDDLE SOMEWHERE.
MAYBE A SIMPLE BUT SOMEWHAT AMBIGUOUS REPLY UPON THEIR INQUIRY MAY BE BEST...
"I PLAN TO MAKE MY IMMEDIATE FAMILY A LITTLE MORE COMFORTABLE AND THEN I WANT
TO LEARN HOW TO PROTECT AND GROW MY MONEY FOR GENERATIONS...AND I NEED SOME
HELP WITH THAT."
THAT WILL PUSH ALL THE NECESSARY BUTTONS.
AND REMEMBER....IF YOU DONT UNDERSTAND, ASK, IF YOU DONT GET AN ANSWER YOU CAN
UNDERSTAND, ASK SOMEBODY ELSE AND,......IF IT DONT FEEL RIGHT...DONT DO IT
daz wrote HELLO MR. BANKER, I HAVE IRAQ DINAR, VIETNAM DONG AND ZIMBABWE
CURRENCY. I WOULD LIKE TO EXCHANGE...CAN WE DISCUSS THE MOST FAVORABLE RATES AND
TERMS, BOTH PUBLIC AND PRIVATE, AVAILABLE FOR EACH?
OffGrid wrote
1m ago
daz wrote 9m ago WELL MR BANKER.....I RECEIVED SOME INFORMATION IN THE PAST THAT
THERE MAY BE MORE THAN ONE RATE AVAILABLE DEPENDING ON HOW WE EXECUTED THIS
EXCHANGE. IF THERE ARE OTHER OPTIONS BESIDE AN EXCHANGE AT THE INTERNATIONAL
RATE, I WOULD LIKE TO EXPLORE THOSE TERMS AND REQUIREMENTS IF THEY ARE AVAILABLE
TO YOU OR ANY AT THIS BANK.
daz wrote 56m ago RELAXED, CONFIDENT, FRIENDLY AND PURPOSEFUL

[daz] EASY, SIMPLE, HONEST, INFORMED AND DIRECT
The fiduciary standard -- What is that?
When it comes to financial reform, individuals should pay the most attention to the regulations
surrounding the fiduciary standard. It sounds complicated, but it essentially refers to the
guidelines that spell out the obligations financial services professionals have to their clients.
Currently, there are two standards that advisers and financial planners are held to -- the
suitability standard and the fiduciary standard. The suitability standard gives advisers the most
wiggle room: It simply requires that investments must fit clients' investing objectives, time
horizon and experience.
"You can satisfy the suitability standard by recommending the least suitable of the suitable
options, as long as it falls within the general suitability test," says Barbara Roper, director of
investor protection for the Consumer Federation of America.
The suitability standard invites conflicts of interest pertaining to compensation, which can vary
greatly from one product to another.
"And you don't have to disclose your conflicts of interest. You don't have to appropriately
manage your conflicts of interest or minimize your conflicts of interest. So what that means is
often the products that are best for the broker have higher costs for the investor," Roper says.
The other standard of care, the fiduciary standard, basically charges advisers with putting their
clients' best interest ahead of their own. For instance, faced with two identical products but with
different fees, an adviser under the fiduciary standard would be compelled to recommend the
one with the least cost to the client, even if it meant fewer dollars in the company's coffers --
and his or her own pocket.
Unfortunately, many investors can't distinguish among financial planners and advisers. Studies
have shown that individual investors don't know who is a fiduciary or what a fiduciary actually
is.
Read more: http://www.bankrate.com/finance/investing/fiduciary-standard-1.aspx
A fiduciary duty is a legal duty to act solely in another party's interests. Parties owing this duty
are called fiduciaries. The individuals to whom they owe a duty are called principals. Fiduciaries
may not profit from their relationship with their principals unless they have the principals'
express informed consent. They also have a duty to avoid any conflicts of interest between
themselves and their principals or between their principals and the fiduciaries' other clients. A
fiduciary duty is the strictest duty of care recognized by the US legal system.
https://www.law.cornell.edu/wex/fiduciary_duty
Choosing A Financial Advisor: Suitability Vs. Fiduciary Standards
The Fiduciary Standard

Investment advisors are bound to a fiduciary standard that was established as part of the
Investment Advisors Act of 1940. They can be regulated by the SEC or state securities regulators,
both of which hold advisors to a fiduciary standard that requires them to put their client's
interests above their own. The act is pretty specific in defining what a fiduciary means, and it
stipulates that an advisor must place his or her interests below that of the client. It consists of a
duty of loyalty and care, and simply means that the advisor must act in the best interest of his or
her client.
Read more: http://www.investopedia.com/articles/professionaleducation/11/suitability-

fiduciary-standards.asp#ixzz3WFzgd1w8
THE APPLICATION OF THE FIDUCIARY STANDARD WHEN APPLIED TO A TRUST AS OPPOSED TO A

CHARITABLE FOUNDATION. VERY SIMPLISTIC DESCRIPTION BUT EFFECTIVE
https://www.youtube.com/watch?v=X614NQ3XzRg
GOOGLE CAN BE YOUR FRIEND AND I ENCOURAGE EVERYONE TO CONTINUE FURTHER STUDY
ON THIS SUBJECT
VIDEO LINKS TOO
https://www.google.com/search?q=FIDUCIARY&oq=FIDUCIARY&aqs=chrome..69i57.166562545
j0j0&sourceid=chrome&es_sm=93&ie=UTF-8#q=FIDUCIARY&tbm=vid
Should a CFP Be Required to Always Act as a Fiduciary?
Aug 15th, 2014
by sraskie.
English: Halo
English: Halo (Photo credit: Wikipedia)
Folks interested in engaging a professional for financial planning help and advice should
generally seek out the advice of a CFP. A CFP has had the education, experience, ethics and
exam (the Boards 4 Es) that qualifies he or she to hold the mark. We often encourage clients
that they should look for this designation at a minimum before engaging with a financial
planner and then meet with the planner to decide if the client and planner are a good fit.
Due to an excellent marketing campaign by the CFP Board many clients understand what a
CFP is, what they do, and how they may be able to help. Many folks choose to work with a
CFP because they know that the CFP is held to a higher standard. Some may believe that the
CFP is always a fiduciary meaning the CFP must always put the best interests of the client
first. What a potential client may not know is that isnt the case.
According the CFP Boards Rule 1.4: A certificant shall at all times place the interest of the
client ahead of his or her own. When the certificant provides financial planning or material
elements of financial planning, the certificant owes to the client the duty of care of a fiduciary as
defined by CFP Board.
The question is: Why the double-standard? Why not require all CFP holders to follow the
fiduciary standard? The Boards reply, according to their website is that it would be
inappropriate to hold individuals not providing financial planning or material elements of
financial planning to the higher fiduciary standard.
A potential scenario where this gets into a grey area is this: A client comes to a CFP looking for
a place to invest their money and looking for the least expensive option available. The CFP is
compensated by commissions from the products he or she sells which include load mutual funds,
annuities and life insurance.
Since this isnt financial planning per se (its more asset gathering by the CFP) the CFP neednt
act in the best interest of the client in this case. He or she may recommend the least expensive
of the options they have available. If held to a fiduciary standard regardless of scope of the
engagement the CFP would have to disclose that their options werent the least expensive
options available.
Likewise with a fee-only planner that is asset gathering. A client may want to invest assets in
the least expensive way possible and the planner may recommend low-cost index mutual funds
or ETFs with his or her firm to manage. If not financial planning or material elements of financial
planning the fee-only planner neednt disclose that the cheapest option (from an expense
standpoint) would be for the client to invest directly with a custodian.
In both cases the interests of the client were (hopefully) put ahead of the CFP, but they were
not the best interests of client. Big difference. This is just one of many scenarios where the scope
of the engagement falls under the umbrella of not financial planning or material elements of
financial planning.
My humble opinion is that the Board should always require the fiduciary standard of care.
Always. Im not sure if this will happen or if it were explored how much push back there would
be (I suspect a lot). But I think it would be a necessary step into turning financial planning from a
vocation to a profession.
http://financialducksinarow.com/9362/cfp-required-always-act-fiduciary/
A Note About Designations

Oct 18th, 2013
by sraskie.
As you begin to seek advice regarding your savings and investments, you may come across
professionals that have designations after their names some might even have a can of
alphabet soup! Here are some common designations youll encounter when seeking out a
professional. Your advisor should have a qualified designation as aminimum requirement before
you start working with him or her.
CFP CERTIFIED FINANCIAL PLANNER. This designation is considered the gold standard in
the financial services industry. Holders of this designation are required to take college-level
financial planning courses, have three years experience in financial planning, and must pass a
rigorous 10 hour, 2 day examination. The designation is owned and awarded by the CFP Board
of Standards. www.cfp.net
ChFC Chartered Financial Consultant. This designation is right in line with the CFP with
regards to the knowledge needed and required to earn the designation. Professionals that earn
this mark must undertake 9 college courses in financial planning and endure 18 hours of total
examination time. The designation is owned and awarded by The American
College.www.chfchigheststandard.com
CPA Certified Public Accountant. This designation is awarded to individuals that pass the
rigorous Uniform Certified Public Accountant exam given by the American Institute of Certified
Public Accountants. CPAs may be qualified to prepare tax returns and provide auditing services
for companies. CPAs may also represent their clients in proceedings before the IRS.
www.aicpa.org
CFA Chartered Financial Analyst. This designation is pursued by individuals who have
undertaken studies in security analysis, stocks, bonds, investment management and corporate
finance. Individuals must endure three levels of examinations before the designation is awarded.
Many mutual fund managers, pension fund managers and endowment managers have this
credential.www.cfainstitute.org
EA Enrolled Agent. The enrolled agent designation is awarded to individuals who pass three
different IRS exams involving personal taxation, business taxation and general tax principles.
Like CPAs, enrolled agents may also represent their clients in in tax proceedings before the IRS.
www.irs.gov/Tax-Professionals/Enrolled-Agents
http://financialducksinarow.com/7655/a-nte-about-designations/
Smoke, Mirrors, and Alphabet Soup

Mar 19th, 2012
by jblankenship.
In an environment of Ponzi schemes and financial scandals many Americans have lost trust and
confidence in the financial profession; seems like there are some financial advisers that have
been helping themselves, more than their clients. To fight back against this trend of lost trust
and skepticism, advisors are being more creative with credentials, some of which can be earned
with minimal or no study and can be bought with a couple hundred dollars. A quick look at the
Financial Industry Regulatory Authoritys web site (FINRA)
(http://apps.finra.org/DataDirectory/1/prodesignations.aspx) shows over one hundred and
twenty different credentials being used by advisors to build creditability and trust. Im sure
there are many more not tracked by FINRA.
Professional certifications arose decades ago as a way for people in various industries to identify
qualified practitioners. Its always good to know that our doctor has an MD or our account is a
CPA. In the financial realm, many well-established credentials, including the Chartered Financial
Analyst (CFA) and Certified Financial Planner (CFP) designations, require long study, demand
continuing education and enforce strict codes of ethics. In order to become a CFP, for example,
one must meet the following requirements:
1) A bachelors degree or higher from an accredited college or university
2) Three years of full time financial planning experience
3) Complete a CFP board registered program or hold one of the following
CPA
ChFC
Chartered Life Underwriter (CLU)
CFA
Ph.D. in business or economics
Doctor of Business Administration
Attorneys License
4) Successfully complete the 10 hour CFP certification exam
5) Complete 30 hours of continuing education every two years.
Increasingly, I suspect, financial advisers are using dubious designations as marketing tools to
win back the trust of older, wealthier clients. Some of the more popular are those that use the
term senior in their name. Some examples are: certified senior adviser, certified senior
consultant, certified senior specialist, certified senior financial planner, chartered senior
financial planner and chartered adviser for senior living. I get confused when hearing all the
senior designations and am left wondering, do the advisors who hold these, really have any
special education or experience working with seniors, or do they just want you to think they do?
To confound the issue even more many designations sound similar (and I think this is
intentional) for example, the certified retirement financial adviser, or CRFA, sounds similar to
the CFA designation. But the CFA requires roughly 900 hours of study in accounting, economics,
ethics, finance and mathematics, and only 42% of candidates pass its three required exams, a
process that can take several years. The CRFA, by contrast, requires that students pass one
exam consisting of 100 multiple-choice questions, for which 40 to 75 hours of preparation is
typically sufficient preparation.
In much the same way, the CSFP, or chartered senior financial planner, credential could be
confused with the certified financial planner, or CFP, designation. The CFP, established in
1972, requires that students pass the equivalent of 15 credit hours of college-level courses,
culminating in 10 hours of exams. The CSFP, launched in 2003, requires a three-day review
course and the passing of one two- to three-hour exam.
Over the last few years the term Wealth Management has become popular with advisors as a
way to attract wealthier clients. It didnt take long for a list of wealth management
designations to appear.
WMS Wealth Management Specialist

CWC Certified Wealth Consultant
CWS Certified Wealth Strategist
AWMA Accredited Wealth Management Advisor
CWM Chartered Wealth Manager
CWPP Certified Wealth Preservation Planner
While some of these designations may be good for consumers by giving their advisor specific
knowledge and experience, many will turn out to be marketing gimmicks employed by advisor
to attract wealthier clients.
Credentials are used because they help advisers make more money. A 2007 study by FINRAs
educational foundation determined that 46% of older investors were more likely to accept
financial guidance from someone with a professional designation and 17% of investors would
be more receptive to advice from a certified adviser for senior investing, even though such a
credential doesnt exist.
Buyers beware when it comes to initials behind someones name. According to the American
Academy of Financial Management, based in New Orleans, the things to look for are these:
accredited degrees, licenses, or masters degrees from government-recognized or accredited
programs or educational institutions with concentrations in Finance, Investments, Securities,
Economics, or Accounting. These requirements make individuals eligible for Professional
Designation. You can also check out designations yourself by calling the issuing organization
and finding out what the requirements are you might be surprised by what you find.
Steven Young, CFP (XZ$, LMNOP, EIEIO)
CHAT GRABS ON BANKING, STRUCTURES, FORENSICS ETC
daz wrote
2m ago
WEALTH MAY BE A NEW EXPERIENCE FOR MANY OF US BUT BE ASSURED...THERE HAS BEEN A
LOT OF WEALTH IN THE WORLD FOR A VERY LONG TIME WHETHER WE KNEW IT OR NOT AND
THERE IS A VERY CAPABLE INDUSTRY INTACT TO SERVICE IT
daz wrote
1m ago
RAVEN...THERE CAN BE BE SOME VERY DISTINCT ADVANTAGES TO WORKING WITH A FIRM

THAT HAS DEPTH AND BREADTH OF SERVICES...HOWEVER ITS NOT MANDATORY TO HAVE ALL
SERVICES UNDER ONE ROOF.. IT MAY BE DESIRABLE TO SPREAD THE SERVICE TASK AROUND A
LITTLE AS A SELF CHECK SYSTEM FOR ACCURACY..AND ENLIST A FORENSIC AUDIT SERVICE TO
REVIEW EVERYTHING...EITHER WAY YOU GO
daz wrote
moments ago
MY CURRENT FLOW CHART USES TWO FORENSIC AUDIT COMPANIES IN ADDITION TO MULTIPLE
WEALTH MANAGEMENT, BANKING AND INSURANCE OPERATIONS...EVERYBODY CHECKS
EVERYBODY REDUNDANTLY UNTIL I FIND THE TEAM MEMBERS I WILL STICK WITH...CONTRAST
AND COMPARE PERFORMANCE, RELIABILITY AND SAFETY
daz wrote
BAD..NONE OF US ARE BEYOND MAKING POOR DECISIONS, MISTAKES OR POOR CHOICES. WE

RESEARCH SO THAT WE CAN MAKE THE BEST CHOICES WE CAN IN THE MOMENT. DIVERSITY IN
THOSE CHOICES..SPREADING IT AROUND...PREVENTS THOSE MISTAKES FROM BEING
CATASTROPHIC, WE ENLIST FORENSICS TO REVIEW ALL ACTIONS BY ALL PARTIES, THEY KNOW
THEY ARE REVIEWED TOO. IF WE FIND A WEAK LINK WE REPLACE IT AND MOVE FORWARD
WITH THE GOAL TO MINIMIZE RISK
daz wrote
I WANT FORENSIC TEAMS CHECKING EVERY BODY AND EVERYTHING THEY DO TILL I GET MY SEA
LEGS
daz wrote
THE FIRST YEAR OR SO..THE EXPENSES TO OPERATE MY PROPOSED STRUCTURE OF DIVERSITY

AND SELF CHECKS WILL BE VERY EXPENSIVE...BUT IT WIL BE SOMEWHAT TEMPORARY. IF I HAVE
EVERYTHING FORENSICALLY ANALYSED EVERY QUARTER AND EVERYONE KNOWS THEY ARE
UNDER THAT WATCHFUL EYE AND THEY ARE BEING GRADED FOR PERFORMANCE IN A
COMPETITIVE ENVIRONMENT, THE PERFORMANCE WILL BE ENHANCED AND RISK WILL BE
REDUCED SIGNIFICANTLY. EVEN AT A GREATER COST...THE CHANCES OF MISFEASCENCE OR
MALPRACTICE OR CHICANERY IS ALSO REDUCED
daz wrote
THERE IS NO RULE THAT ALL TRUSTS HAVE TO BE ESTABLISHED AT DIFFERENT FIRMS..AND

THERE IS NO RULE THEY CANT BE...ONE OR MORE FORENSIC SERVICES WILL REVIEW THEM ALL
EITHER WAY
daz wrote
FORENSICS ARE MORE ABOUT THE MONEY AND ACCOUNTING THAN ANYTHING ELSE. THE
LAWYERS AND ADVISORS, IF IN A FUDUCIARY CAPACITY..HAVE A DISTINCT LEGAL, ETHICAL AND
MORAL OBLIGATION TO PERFORM UNDER THE LAW OR THEY AND THEIR FIRM ARE SUBJECT TO
THE PENALTIES OF IT
daz wrote
EXACTLY CUD..THE COSTS INITIALY ARE FAR CHEAPER THAN THE POTENTIAL RISKS OF LOSS,
ERROR OR CORRUPTION
daz wrote
AND ITS LIKELY IN THE FUTURE AS WE FIND CONFIDENCE IN OUR TEAM SELECTIONS, OVERALL
PLAN AND CONFIDENCE IN OUR ABILITY TO UNDERSTAND WEALTH AND THE OPERATIONAL
PLAN..WE MAY BE ABLE TO REDUCE THE FORENSIC APPLICATION OR ELIMINATE IT
daz wrote
REPUB...INCREMENTAL EXCHANGE MAY PROVIDE ADDED CONFIDENCE ALLOWING A BETTER

COMPREHENSIVE STRATEGY TO EXCHANGE AND PROTECT ASSETS, I ALSO PERSONALLY FIND
ADDED CONFDENCE IN NIB ACCOUNTS INITIALLY TOO
daz wrote
REPUB...LIFE IS FILLED WITH COMPROMISE. THAT WILL NEVER CHANGE. WE HAVE TO DO A

COST/BENEFIT ANALYSIS OF A PROPOSED ACTION AND ITS NET OUTCOME..AND MAKE
DECISIONS THAT SUIT US PERSONALLY.
daz wrote
SASSY, THERE ARE CERTAIN LEGAL DETERMINATIONS ASSOCIATED WITH NIB'S AND IM NOT
QUALIFIED TO INSTRUCT OR ADVISE IN A LEGAL CAPACITY. MY RESEARCH SHOWS THERE ARE
CERTAIN OWNERSHIP AND FIREWALL ASPECTS TO NIB'S THAT MAY AFFORD CERTAIN
ADVANTAGES IN THE SHORT TERM BEYOND INTEREST EARNED, AS WOULD ESCROW
ACCOUNTS. I HAVE NIB'S NOW AND HAVE HAVE USED THEM FOR PERSONAL AND
PROFESSIONAL REASONS FOR 20 YEARS
From Nancy: ntak1948@gmail.com
Bernie Besherse
apeacefulsolution@gmail.com
conference calls on saturday 9:00 pm 425-440-5100
conf id. 217399
Franklin Financial
Paul Goetzman - 913-269-0093
Conference call 712-432-1202 1028265# ref 5 or 6
BASIC Financial Organization:
(1) Start with a FAMILY TRUST: (Note: see below for trust info)
This trust OWNS all of the STOCK in your S Corporation.
(2) NEXT: Set up an S Corporation (either Wyoming or Nevada, search internet for service
providers).
(2a) UNDER the S Corporation, when needed, you can set up LLC's using your S Corporation
as the partner in the LLC. This scheme allows you flexibility in forming partnerships or other
subordinate businesses.
(3) AS A COMPLETELY SEPARATE ENTITY, set up a NON-PROFIT 501(c) FOUNDATION. Within the
foundation, YOU or your spouse can be a director(s), thus providing medical, dental, and other
benefits as well as a salary for you and your other directors. As a non-profit, you can ALSO
provide SCHOLARSHIPS for family members pursuing higher education beneficial to the
foundation's objectives. Additionally, by placing your MOST expensive real estate property
within the foundation: FIRST, the property DONATION is a tax write off (with the possibly
carryover), and second, non-profit properties are exempt from property taxes. Third, you can
live IN the property and be paid by the foundation a small salary as the caretaker.
These three legal entities; family trust, S corporation, and non-profit foundation give you
consideraly flexibility in planing your finances. And, it is easy to create subordinate entities to
handle almost any situation
As an additionally strategy, I intend to OWN (in my own name) a home in Nevada to establish
residency and avoid high taxing states. You could also do the same in Texas, Florida, or Alaska. I
prefer Las Vegas since this residence will ALWAYS be available to me should I wish to fly in to
see a show or attend a convention. In those peak periods, finding hotel rooms is nearly
impossible UNLESS you really DO enjoy Motel 6 in Boulder City!
Here's the TRUST INFO to start learning:

Discussion hour with open Q & A
Announcing NEW Tax Services
>>>>PRIORITY NOTICE: Go below to News Update Section<<<<
(The place to go to get your TRUST questions answered regarding the spendthrift trust...banking
instructions is in the NEWS UPDATE section of this invitation..please note!)
PLUS
KNOW THE DIFFERENCE between OUR QUALIFIED TRUST with tax advantage and a simple
COMMON LAW/Irrevocable TRUST that has NO TAX advantage. (read about it in the news
update section).
IMPORTANT NOTICE IN RED BELOW
PLEASE ATTEND
> MONDAY Feb. 15, 2016 <
REMEMBER: AUDIOS BELOW FROM A PREVIOUS CALL
you should find educational and helpful.
> Invite family & friends <
NOTE: Please read UPDATE NEWS BELOW in the update news section
Details below (time date & #)Enjoy the audio on the benefits and main advantages of the
spendthrift trust.
PROTECT YOUR WEALTH "ONE KEY DECISION MAKES IT HAPPEN"
Irrevocable, Discretionary, Non Grantor, Complex, Spendthrift Trust.
"The Crown Jewel of all Trust"
> PLEASE JOIN US <
When:
MONDAY Feb. 15, 2016 & read update news below
Time:
8:00pm EST,
7:00 pm CST
6:00pm Mountain,
5:00pm Pacific
Conf. Line:
1-712-432-3100 pin 248465#.... 5* on keypad to raise your hand & ask questions.
4 mute & 4 to unmute.
*IMPORTANT NOTICE:
When mailing final payments on trusts please send a signed "COPY" of your 4 page application
and mark it "COPY" in upper LEFT CORNER. It will help expedite your order.
SPENDTHRIFT TRUST Q & A Call

Warning to Canadians...send us a permission email to send automated invites to our Monday
night trust call from constant contact to you weekly due to new Canadian law that went thru on
July 1st, 2014...when you first requested trust information we automatically added you to
constant contact for updates. 1 email/wk. goes out. DISCLAIMER: We have no way to filter you
out of the contact list if you are already in there. We cannot be responsible if you choose to do
NOTHING then we must assume your fine with being contacted but still NEED THAT PERMISSION
EMAIL.
"ENJOY THE AUDIOS FROM A PREVIOUS CALL"
Click here to Listen to Call on 8/31/15 <excellent call
Click here to Download
Our featured speaker JIM answers your questions in a open Q & A session. Ms. Bernal host and
greeter for this audio.
Spendthrift Trust Audio on the benefits and main advantages of using a QUALIFIED TRUST.
Click here to Listen to call on 9/7/15
http://www.byoaudio.com/play/WsvM3pkB
Spendthrift Trust Conf. call Q & A sessions are always very informative & you will find much
interest in educating yourself in the differences.
http://lbernal.byoaudio.com/files/media/af3ae895-e32f-68c6-8418-caaeca03b7b4.mp3
download to your desktop and upload to your mp3 players for more mobility OR download to
desktop and play from the desktop computer.
* Please listen to the ABOVE audios at your convenience then:
BRING YOUR QUESTIONS TO THE Q & A CALL
************************************************************
>>>>>> UPDATE NEWS SECTION<<<<<
Latest notice: Your Go To Tax People
Renovo Dunamis Group...ask for
RIO GREGORY
On Pointe Technologies- Accounting, Data, Payroll Analytics, Consulting
Renovo Dunamis Group- Legal, Trusts, Planning, Contracts, Capital Services
Gravity Tax Partners- Taxation: Partnerships, Trusts, Corporate, Individual
G & L Tax Group- Taxation: Corporate, Individual
Expediting the process of your trust @ RV
Priority List: $1200.00 deposit now on trust will allow us to print (build) your trust, box it in a Fed
Ex box, address it to your address and sits on the shelf in our Texas office till final payment is
made. It also puts you on priority to be FIRST to ship out the SAME day we receive your final
payment balance $3850.00 and you should consider adding $75 if outside the state of Texas.
Texas residents add $35 so we can ship to you Fed Ex overnight vs. second day standard
delivery. We cover standard delivery for you but if you want it overnighted then overnight fees
are necessary. You should receive your trust delivery the next day after we receive your final
payment. Then we quickly schedule you for an activation meeting (3hrs) of your trust and then
you can open your trust banks accounts fully informed with proper protocol.
There is approximately 300 on the shelf already and rarely goes over that number since some
come off the shelf and others go off the shelf during different times of the year.
Second Priority List: As of Nov. 1, 2015 we have added a chance to expedite your trust delivery
before 10,000 other submitted applications. We felt it was necessary to make room for people
that have an emergency/urgency to get their trust in possession and bank accounts opened
quickly.
$550.00 deposit now will expedite your trust delivery in second priority position upon final
payment. So, once the priority lists are processed then the secondary priority list kicks in to
assist those in urgent need. Make of copy of the $550.00 payment to be submitted with the final
payment due of $4,500.00 plus any overnight fees if you want it overnighted back to you.
Overnight is only after the print shop gets the finished trust back to us and will be handled by
priority as well. Our print shop is exclusive to our printing needs. Consider adding overnight fees
to the balance if you want the trust one day sooner. Or we will ship 2nd day standard delivery by
fed ex.
NOTE: DO NOT ASK FOR A RETURN SIGNATURE ON DELIVERIES OR IT WILL CAUSE DELAYS....we
are not always available to take signature deliveries so they make attempts to deliver on
another business day setting yourself up for possible delays maybe even returned to you after
15 days and surely you do not want that to happen. NO STAPLES please on applications or
checks.
Posted applications: All applications that have submitted an application pre RV and a processing
fee will have a time and date stamp placed on the delivery of full payment of trusts and will be
processed in order of your time and date stamp. It is suggested you use fed ex overnight
morning delivery to get the earliest time and date stamp. Be sure all payments are by cashiers
check payable to "Passion For Purpose Trust" with your ledger # on that check and sent to our
physical address...again no staples please.
Lynn Bernal
4006 Indianola Ave (log home)
Des Moines, Iowa 50320
Fed Ex requires a ph.# on envelope 515-280-3922
NOTE: if you are a Second Priority list applicant please place a note inside the envelope and a
copy of your initial $550.00 deposit by cashiers check only AND ON THE OUTSIDE OF THE FED EX
ENVELOPE write: "Second Priority" under the address so it can be spotted quickly and removed
from the stack to be processed quickly.
We pray this will be a solution to some that have concerns and emergency need to expedite
quickly for a number of reasons.
We hear your needs and concerns ...please keep us informed of your needs as we grow closer to
our blessings.
HELLO MR. BANKER, I HAVE IRAQ DINAR, VIETNAM DONG AND ZIMBABWE CURRENCY. I
WOULD LIKE TO EXCHANGE...CAN WE DISCUSS THE MOST FAVORABLE RATES AND TERMS,
BOTH PUBLIC AND PRIVATE, AVAILABLE FOR EACH?
WELL MR BANKER.....I RECEIVED SOME INFORMATION IN THE PAST THAT THERE MAY BE
MORE THAN ONE RATE AVAILABLE DEPENDING ON HOW WE EXECUTED THIS EXCHANGE. IF
THERE ARE OTHER OPTIONS BESIDE AN EXCHANGE AT THE INTERNATIONAL RATE, I WOULD
LIKE TO EXPLORE THOSE TERMS AND REQUIREMENTS IF THEY ARE AVAILABLE TO YOU OR
ANY AT THIS BANK.
I'll take a stab at it.

1) Annuity for 20 year steady income,
2) Move some to credit unions,
3) Go slow and get educated
4) Watch the financial world for 6 months to a year to see how this shakes out
5) The most important thing is to manage risk and protect principle, everything else comes
second
6) Diversification is the only free lunch. Diversify and keep reserve nest eggs so you have
several to fall back on if things go badly. Diversify but asset class, by geography, by risk level, by
currency (SDR), by time window, etc., but diversify
I like hard assets - Metals (Gold, Silver), Land (Raw, Agricultural, personal Home), Businesses
(dirty day to day necessary business like fuel, Warehouse, Towing, Storage, Service and repair),
Multiple countries,
A simple diversification is by currency - mimic the SDR and hold USD, Yuan, Pound, Yen, EU,
Ruble, and Zim
Yes, tax exempt Munis are good, but on AAAAA+ rated since so many cities have too much debt
and are at risk of failing - only the very strongest rated and buy carefully but go slow, get
educated, diversify to spread risk, and "Dollar Cost Average" in and out of investments.
Key lesson: "Dollar Cost Average" - instead of buying $120,000 of an asset (i.e. Gold Coin), buy
$10,000 per month for 12 months - gives time to get in and get out and takes advantage of
price ups and downs - manage risk
Interview: - experience and temperament - have you done this 20 years and learned your stuff?
Are you a get rich quick investor or a go slow and steady investor managing risk? Do I like you
and get along with you?
Star - what do you think of hiring fee-based Chartered Financial Consultants instead of Certified
Financial Planners?
like the idea, I will start with Bank Wealth Management for a year and be very cautious while I
build an inside and outside Team I am comfortable with - for fee is great
I don't mind paying a fee to have a Fiduciary Duty to Me - that way I know you are working for
me and me alone and you are on my team
With large money - always have multiple sets of eyes looking things over for verification
Also, with diversification, over time you drop the losers and consolidate on the winners
Look at the Clinton Foundation to use a "Current Event" issue, if that was your charity, you
would want a big five accounting firm going over the books to make sure they are squeaky
clean and above board - your name is on it you have them do an independant review and
correct any issues immediately
Let's say you go with 3 banks and after a year, two do well and one doesn't - guess what, now
you work with two banks...
let everyone know, your work will be subject to independent review and everything has to be
correct... it's your money
that is the right group, basically not your uncle bob who does some accounting on the side in
his basement
I'll put in a plug for ZeroHedge.com to get Non-Mainstream Media versions of what's going ona
nd subscribe to some free mailing lists of financial guys to get educated Stockman, Dent,
Rickards, even Jim Willie to counterbalance Mains tream media versions of financial
information
Take everyone with a grain of salt and form your own opinions, but over time you get smarter
and smarter and can see their bias compared to yours
Trust your gut (it's your Soul talking to you through what we call Intuition)
Be aware that this event to a sea change event, meaning all financial markets will be in
transition for a year, so sit back and watch, pick your positions carefully an slowly until you are
more certain of the environment
I don't like stocks - too easy to manipulate, same with bonds to some degree, same with metal
and land to a lesser degree
There seems to be a place for Crypto Currencies as an emerging class (Bitcoin), but as a small
percentage of your holdings as you learn your way into it
Qualifier - I am not an Attorney or Investment advisor, just a guy
I do like Infrastructure Project Bonds because they are tangible - you want to build an airport or
power plant, it takes ten years and employs 10,000 people, you fund it with a bond and you see
a finished product when you are finished - the airport or power plan - that makes sense to me
$100 Dollar Tip; I am really excited about the "New Silk Road" (google it) which is a 25 year
multi-industry development project championed by Russia and China and the AIIB to develop
Northern Europe, through Asia, to the Middle East
I see this as a MEGA-Trend Project equal to the Global Impact of the Internet and will invest in it
for the rest of my life - virtually unlimited opportunity
The other MEGA-Trend Project is the development of Africa fro third world to second and first
world over the next 50 years - again, virtually unlimited opportunity
Another good idea: Setup a Trust for each project\Charity\ Humanitarian Cause. Isolate it from
everything else. NEVER allow the Principle to be dispersed, only the Interest. reinvest 5% of the
interest into the Trust each year. The trust provides benefit forever. Let that sink in...
Africa as it progresses from third world to second and first world - think of the Dams, Bridges,
Airports, Highways, Power plants, Rail lines, - unlimited opportunity and relatively safe and
predictable investments
You put together a team - pick the Top 100 Wealth Advisors by Forbes, or Money, etc,and make
some calls. Use the Bank's internal people and have some external Advisors to keep an eye on
the bank people - eventually you will build a Family Office team if you have big money
See, I can buy stock and have a High frequency trader working for George Soros blow up my
investment, or I can buy a bond on an Airport being constructed and drive over and watch 2000
men pour concrete on Tuesday morning - that makes more sense to me
Hey TNT! I snagged this from forum chat week of 10/23/2016. I hope this helps clear up some
question(s) regarding Trust(s) preRV v/s postRV. You're welcome in advance & thanks for all
EVERYONE does to keep us abreast. Thank You.
daz wrote 18m ago

http://tntshowtime.activeboard.com/t55852070/an-introduction-and-study?-of-agency-trust-
accounts/ explains
Trust Flow Chart
I created this flow chart for an IRREVOCABLE COMMON LAW TRUST for myself. I've included
references for where the information comes from. I am by no means an expert but others have
asked for this so . . . perhaps we can open a dialog and share our understanding here about
Trusts. Please feel free to add your understanding to this post.
This product, flow chart, does not constitute the rendering of legal advice or services. This
product is intended for informational use only and is not a substitute for legal advice. State
laws vary, so consult an attorney on all legal matters. This product was not prepared by a
person licensed to practice law in any state.
In response to concerns that a common law or pure trust is not legal I have posted a few of the
legal precedents established in the courts under the chart here and in the comments section of
this thread.
For those who are interested in learning more about common law trusts:
Scroll to the bottom of the page at the link below and you'll find a line that says, "Attorneys
specializing in common law trusts." http://www.achieva.info/what-are-common-law-trusts
Link to the Wisconsin State form for a Declaration of Common Law Trust:
https://www.wdfi.org/_resources/indexed/site/corporations/Form702R02-14.pdf
This link http://legisweb.state.wy.us/statutes/titles/Title17/T17CH23.htm will take you to

Wyoming common law trust information where item (iii) says, "Other business entity" means a
corporation, a partnership, a limited partnership, a limited liability company, a common-law
trust or any other unincorporated business, excluding a statutory trust;
and further states: (A) Is created by a trust instrument under which property is or will be
held, managed, administered, controlled, invested, reinvested or operated, or business or
professional activities for profit are carried on or will be carried on, by a trustee or trustees for
the benefit of a person who is or may become entitled to a beneficial interest in the trust
property, including but not limited to a trust of the type known at common law as a "business
trust," "Massachusetts trust," a trust qualifying as a real estate investment trust under sections
856 through 859 of the United States Internal Revenue Code of 1986,
Legal Precedents, Court filing references, for Common law trusts or Pure Trust:
Constitutionally guaranteed right to contract by individuals establishing it as held in Berry v.

McCourt, 204 NE 2nd 235.
Contractual relationship based in Trust form, "No state shall make any law impairing the
obligations of contracts," Article 1, Section 10-3, US Constitution.
Pure Trusts are valid lawful organizations as held in Lagett V Kilbourne, 66 US; Coleman v
McKee, 257 SW 733; and Reeves V. Powell, 267 SW 328.
And yes, corporate soles are alive and well. Seems if they were illegal you would not be able to
get one from a state. Oregon has them. I love Oregon in particular. When you call a state
office in Oregon they answer the phone, "Corporation of the state of Oregon!" Yes, states are
corporations. Lots to learn.
Our country, and the world, runs on the law of contracts and the right to contract is guaranteed
in the Constitution. There is over 100 years of US case law, all the way to the Supreme court in
some cases, that support common law and the trusts thereof.
I found some items months ago that I downloaded that were helpful but could not
tell with a certainty where I got them. Try www.scribd.com They have free items to download
for a 3-10 day trial period.
There was even a nice pre-written trust as I recall on scribd.
Also try googling for these items:
Business Trust Manual

Pure Contract Trust User Manual
Pure Trust Rules
I found them all free and downloaded as .pdf's

PitBoss45:
Concerning my position this morning to RayRen on Trust income was to make people consider
what would happen if: 1) They exchange currency resulting in $10 million total account placed
in their Trust. 2) They purchased all items such as houses, cars and other items from another
Trust account and had the Trust own them in other asset accounts. Thus, no effect on the Trust
account's $10 million total. 3) They wanted to live comfortably on $7,000 a month so they had
their Trustee write them a check for that amount each month (and made out the check as
RETURN OF PRINCIPLE to avoid additional taxes) for a total of $84,000 a year. If they were sued,
the attorney would point out this income stream and have it attached to the suit and would be
paid to the plaintiff $84,000 a year for the rest of their lives and their offspring's lives. NOW, if
they have the trustee paid them $20,000 to their own checking account one month, then
$15,000 three months later (all as RETURN OF PRINCIPLE of course) etc., there would be no
regular income stream to identify and so you would have no regular income to sue against.
That, it was explained to me, is how the rich live!
I hope it helps as "Return of Principle" on the original $10 million plus Interest Earned, and then
Taxed, would add to the original $10 million principle each year minus withdrawals. I believe
most of us could live on that for the rest of our lives.
Trust Decisions
http://www.truetrust.com/trust_decisions.html
http://www.truetrust.com/
TRUST DECISIONS
1. Decide if you need a shared trust. If you are married and you own most of your property
together, a shared trust may be the right way to go. Your other simple choice is to create more
individual trusts. That would allow you to have different beneficiaries and management people.
2. Decide what items to leave in the trust. You probably don't want to hold all your property in
your trust - just the big-ticket items that are headed for probate unless you act.
3. Decide who will inherit your trust property. For most people, choosing family members,
friends, or charities to inherit property is easy. You can choose to keep yourself as a "Lifetime
beneficiary". After you make your first choices, don't forget to choose alternate (contingent or
remainder) beneficiaries, too.
4. Choose someone to be your successor trustee. Your trust should name someone to serve as
"successor trustee," to manage the trust and property after you have died. Once you've made
your choice, discuss it with the person you have in mind to make sure he or she is willing to
take on this position of responsibility.
5. Choose someone to manage children's property. If children or young adults might inherit
trust property, you should choose an adult to manage whatever they inherit. You can make
him/her a guardian to give that person authority over the child's property. A property custodian
is authorized under a law called the Uniform Transfers to Minors Act (UTMA), as a trustee.
6. Prepare the Management Worksheet, the Asset Checklist, and Statement of Wishes. After
making your trust (which you can do yourself, or with assistance, you (and your spouse, if you
made a trust together) must sign it in front of a Notary Public.
7. Transfer title of property to yourself as "trustee of the trust". This is a crucial step that,
unfortunately, some people never take. A transfer MUST be made to make your trust effective.
You must hold title to trust property in your name as trustee - for example, if John Smith wants
to hold real estate in his trust, he must prepare and sign a new deed transferring the real estate
to John Smith, trustee of the John Smith Trust or it does NOT protect the property.
8. Store your trust document safely. Make copies and tell your successor trustee where each
document is, and how to get access when necessary. Do NOT put it in a safety deposit box as it
will become frozen and unavailable when it is needed.
9. Deliver an original copy (with original signatures) of the trust to the recorder or trust registry
at www.TrustRegistry.net for additional safety and bac
http://www.truetrust.com/trust_decisions.html
.Ten Things To Know About 1031 Exchanges
1/24/2017
0 Comments
Ten Things to Know About 1031 Exchanges
Tax nerds may be able to spout off Internal Revenue Code Sections, but most people never get
beyond 401(k). (Thats right, your workplace retirement savings plan is named after a section of
the tax code.)
Still, Section 1031 is slowly making its way into daily conversation, bandied about by realtors,
title companies, investors and soccer moms. Some people even insist on making it into a verb, a
la FedEx , as in: Lets 1031 that building for another. (While Section 1031 isnt restricted to
real estate, thats clearly where most of the discussion takes place.)
So what is 1031? Broadly stated, a 1031 exchange (also called a like-kind exchange or a Starker)
is a swap of one business or investment asset for another. Although most swaps are taxable as
sales, if you come within 1031, youll either have no tax or limited tax due at the time of the
exchange.
...
In effect, you can change the form of your investment without (as the IRS sees it) cashing out or
recognizing a capital gain. That allows your investment to continue to grow tax deferred.
Theres no limit on how many times or how frequently you can do a 1031.
You can roll over the gain from one piece of investment real estate to another to another and
another. Although you may have a profit on each swap, you avoid tax until you actually sell for
cash many years later. Then youll hopefully pay only one tax, and that at a long-term capital
gain rate (currently 15%).
Warning: Special rules apply when depreciable property is exchanged in a 1031. It can trigger
gain known as depreciation recapture that is taxed as ordinary income. In general, if you
swap one building for another building, or one machine for another machine, you can avoid this
recapture.
But if you exchange improved land with a building for unimproved land without a building, the
depreciation youve previously claimed on the building will be recaptured as ordinary income.
Such complications are why you need professional help when youre doing a 1031. Still, if
youre considering a 1031or just curioushere are 10 things you should know.
1. A 1031 isnt for personal use.
The provision is only for investment and business property, so you cant swap your primary
residence for another home. There are ways you can use a 1031 for swapping vacation homes,
but this loophole is much narrower than it used to be. For more details, see No. 10.
2. But some personal property qualifies.
Most 1031 exchanges are of real estate. However, some exchanges of personal property (say a
painting) can qualify. Note, however, that exchanges of corporate stock or partnership interests
dont qualify. On the other hand, interests as a tenant in common (sometimes called TICs) in
real estate do.
3. Like-kind is broad.
Most exchanges must merely be of like-kindan enigmatic phrase that doesnt mean what
you think it means. You can exchange an apartment building for raw land, or a ranch for a strip
mall. The rules are surprisingly liberal. You can even exchange one business for another. But
again, there are traps for the unwary.
4. You can do a delayed exchange.
Classically, an exchange involves a simple swap of one property for another between two
people. But the odds of finding someone with the exact property you want who wants the
exact property you have are slim.
For that reason the vast majority of exchanges are delayed, three party, or Starker exchanges
(named for the first tax case that allowed them). In a delayed exchange, you need a middleman
who holds the cash after you sell your property and uses it to buy the replacement
property for you. This three party exchange is treated as a swap.
5. You must designate replacement property.
There are two key timing rules you must observe in a delayed exchange. The first relates to the
designation of replacement property. Once the sale of your property occurs, the intermediary
will receive the cash. You cant receive the cash or it will spoil the 1031 treatment.
Also, within 45 days of the sale of your property you must designate replacement property in
writing to the intermediary, specifying the property you want to acquire.
6. You can designate multiple replacement properties.
Theres long been debate about how many properties you can designate and what conditions
you can impose. The IRS says you can designate three properties as the designated replacement
property so long as you eventually close on one of them.
Alternatively, you can designate more properties if you come within certain valuation tests. For
example, you can designate an unlimited number of potential replacement properties as long
as the fair market value of the replacement properties does not exceed 200% of the aggregate
fair market value of all the exchanged properties.
7. You must close within six months.
The second timing rule in a delayed exchange relates to closing. You must close on the new
property within 180 days of the sale of the old. Note that the two time periods run
concurrently. That means you start counting when the sale of your property closes. If you
designate replacement property exactly 45 days later, youll have 135 days left to close on the
replacement property.
8. If you receive cash, its taxed.
You may have cash left over after the intermediary acquires the replacement property. If so,
the intermediary will pay it to you at the end of the 180 days. That cashknown as bootwill
be taxed as partial sales proceeds from the sale of your property, generally as a capital gain.
9.You must consider mortgages and other debt.
One of the main ways people get into trouble with these transactions is failing to consider
loans. You must consider mortgage loans or other debt on the property you relinquish, and any
debt on the replacement property.
If you dont receive cash back but your liability goes down, that too will be treated as income to
you just like cash. Suppose you had a mortgage of $1 million on the old property, but your
mortgage on the new property you receive in exchange is only $900,000. You have $100,000 of
gain that is also classified as boot, and it will be taxed.
10. Using 1031 for a vacation house is tricky.
You can sell your primary residence and, combined with your spouse, shield $500,000 in capital
gain, so long as youve lived there for two years out of the past five. But this break isnt
available for your second or vacation home.
You might have heard tales of taxpayers who used a 1031 to swap one vacation home for
another, perhaps even for a house where they want to retire. The 1031 delayed any recognition
of gain. Later they moved into the new property, made it their primary residence and
eventually planned to use the $500,000 capital gain exclusion.
In 2004 Congress tightened that loophole. Yes, taxpayers can still turn vacation homes into
rental properties and do 1031 exchanges. Example: You stop using your beach house, rent it out
for six months or a year and then exchange it for other real estate.
If you actually get a tenant and conduct yourself in a businesslike way, youve probably
converted the house to investment property, which should make your 1031 exchange OK. But if
you merely hold it out for rent but never actually have tenants, its probably not. The facts will
be key, as will the timing.
The more time that elapses after you convert the propertys use the better. Although there is
no absolute standard, anything less than six months of bona fide rental use is probably not
enough. A year would be better.
If you want to use the property you swapped for as your new second or even primary home,
you cant move in right away. In 2008 the IRS set forth a safe harbor rule under which it said it
would not challenge whether a replacement dwelling qualified as investment property for
purposes of a 1031.
To meet that safe harbor, in each of the two 12-month periods immediately after the exchange:
(1) you must rent the dwelling unit to another person for a fair rental for 14 days or more; and
(2) your own personal use of the dwelling unit cannot exceed the greater of 14 days or 10% of
the number of days during the 12-month period that the dwelling unit is rented at a fair rental.
Moreover, after successfully swapping one vacation/investment property for another, you cant
immediately convert it to your primary home and take advantage of the $500,000 exclusion.
Before the law was changed in 2004 an investor might transfer one rental property in a 1031
exchange for another rental property, rent out the new rental property for a period of time,
move into the property for a few years and then sell it, taking advantage of exclusion of gain
from the sale of a principal residence.
Now, if you acquire property in the 1031 exchange and later attempt to sell that property as
your principal residence, the exclusion will not apply during the five-year period beginning with
the date the property was acquired in the 1031 like-kind exchange. In other words, youll have
to wait a lot longer to use the primary residence capital gains tax break.
Robert W. Wood is a tax lawyer with a nationwide practice. The author of more than 30 books
including Taxation of Damage Awards & Settlement Payments (4th Ed., 2009), he can be
reached at wood@woodporter.com. This discussion is not intended as legal advice and cannot
be relied upon for any purpose without the services of a qualified professional.
http://www.forbes.com/2010/01/26/capital-gains-tax-1031-vacation-home-personal-finance-
robert-wood.html
Feb. 16 2017 6:59 pm EST WSOMN Bank Story by AvonLady: "Very Good Meeting with WM" -
Bank Story from WSOMN AvonLady
1. I had a very good hour long meeting with the Wealth Mgr and a Financial Advisor at Wells
Fargo on Feb. 16 2017.
2. They are fully aware of whats going on. They said they do know that the banks have been
going thru training and that they understand that the process is about to end.
3. The WM said that there are locations set up.
4. He said that he has had many calls on it as well.
5. They told me that I was very prepared , intelligent, and knew what I was looking for in a
Financial advisor and WM. These are the questions I asked them:
a. Can you tell me about your current relationship with your coach / mentor? Look for his
responses: a. is he open to answers b. look for honesty. c. is the vulnerability there.
b. How do you invest for yourself? This is more directed towards education not money.
c. Whose responsibility is it to keep connected? a. what about meetings? b. are they quarterly
or annually? c. who's responsibility is it to schedule those meetings.
d. How are you compensated ?
e. What's your education? a. did you get a college degree b. is the degree related to offering
financial services c. its ok to be intelligent but educated is important.
f. Has there ever been any complaints against you or your services ? a. watch for honesty b.
how he handles the answer
g. Do you own the same investments and insurance products that your recommending for me?
a. if no, why?
h. What will happen to my accounts if something happens to you? a. #1 fear especially if point
of contact is by phone. b. who's the next point of contact with.
i. How much do you charge? a. Don't be shy- bring this up, no surprises. b. If fees aren't clear,
ask more questions. Compensation varies greatly.
j. Are you a fiduciary ? (fiduciary means legally appointed, authorized to hold assets in trust for
another person) He puts clients needs aheadof his own, regardless of the situation.
k. Can you give me examples of your clients commitments? a. He'll either give clues about
motivation b. he works only the collect a paycheck. c. and there are those truly dedicated and
passionate about what they do. Committed long term.
l. How long as he been in this line of business. Is he licensed, look at credentials. Always make
sure they are listening to you and not interrupting you giving a pitch.
m. Have you ever lost a client or fired from a client? This may give you a better sense of the
advisor values and shows what type of client he work's with.
BANKING RESEARCH
THIS IS A GREAT FREE TOOL TO SEARCH AND RESEARCH BANKS AND CREDIT UNIONS. SEARCH
BY NAME, STATE, RANKING OR ZIP. I FIND THE MEMO MORE VALUABLE THAN THE STATEMENT
WHEN LOOKING AT FINANCIALS.
http://www.bankrate.com/rates/safe-sound/bank-ratings-search.aspx
daz wrote
moments ago
There are a 5927 local and national banks offering banking services in United States with nearly
87000 branches in 10312 cities. Below you can find the complete list of all banks in United
States. You can click a bank to view the list of all available locations
https://www.bankbranchlocator.com/banks-in-usa.html
Eras
CDARS
http://www.cdars.com/default.aspx
WORLDS 50 SAFEST BANKS

https://www.gfmag.com/awards-rankings/best-banks-and-financial-rankings/global-finance-
names-worlds-safest-banks-2016
ascent http://ascent.usbank.com/index andhttp://ascent.usbank.com/services/private-banking

suntrusthttps://www.suntrust.com/WealthManagement/AboutWealthManagement/OurAppro
ach
BB&T http://www.bbt.com/bbtdotcom/wealth/products/banking/default.page
12 Questions High Net Worth People Should Ask When Protecting Their Wealth and Assets
1. Who is your current insurance carrier and insurance agent?
2. Do you have umbrella liability coverage that matches your net worth?
3. Does your umbrella policy include excess uninsured/underinsured motorist liability?
4. Will your homeowners coverage pay to rebuild your home with similar quality materials
and craftsmanship?
5. If you recently expanded or upgraded your home, did you notify your insurance agent?
6. If you own a wine collection, a significant amount of jewelry, artwork or other valuable
items, are they insured adequately? (For related reading, see: Homeowner Insurance Gaps to
Watch out for.)
7. Do you have at least $1 million in uninsured/underinsured liability protection?

8. If you employ domestic staff like a nanny, housekeeper, gardener, or chef, do you have
employment practices liability and workers compensation insurance?
9. If you serve on a board, do you understand the organization's insurance may not protect
you from liability lawsuits that may be brought against it?
10. Have you considered raising your insurance deductibles?
11. Is all of your insurance coverage (home, auto, collector car, boat, valuables, umbrella, etc.)
with the same carrier? (Life insurance does not need to be with the same carrier as there rarely
is a discount for adding it to the insurance package.)
12. Have you informed your insurance agent about any safety and loss prevention devices
(security systems) in your home and autos?
Keep in mind that each persons insurance portfolio will be different and unique to their needs.
These questions are a great way to review and assess your current insurance coverage.
Discussing all of this with your insurance agent, whether you already have one or are looking
for a new one, will greatly improve the likelihood that you have the comprehensive insurance
portfolio that is best for your situation.
Protecting & Securing Bank Accounts During/After Exchange & Always!
Things that you need to do now!
Have ALL QUESTIONS written down.
Have Your ID. Include PASSPORT, BIRTH CERTIFICATE, UTILITY BILLS with address that help
to confirm who you are, your RECEIPTS, if you wish, in a 3-RING BINDER NOTEBOOK.
If you plan on the Bank person signing his/her name/date/name of Bank on each RECEIPT at
time of deposit to keep [for tax records], have that ready in binder also, along with your
DEPOSIT RECEIPT which is your PROOF that your funds from your exchange have been
deposited.
...
Please check out the wonderful post from DAZ...which may trigger your mind. Link is:
http://tntshowtime.activeboard.com/t56942491/personal-binder-and-id-prep-list/
You will need to familiarize yourself NOW with an NDA, especially if you are going for the
CONTRACT Rate. You will need NDA & PA. - PRIVACY AGREEMENTS. Next item will show the
reason. You can find them online & even have your Attorney look at it or he may even make
one for you.
While on the subject think about this. TO MAINTAIN YOUR PRIVACY/ SECURITY, obtain PA
[privacy agreement] & NDA [non-disclosure agreement] forms for PEOPLE YOU DO BUSINESS
WITH.
Use them with your ATTORNEY, CPA, ALL professional contacts, people that you hire to work
for your entity, secretary, mechanic, domestic engineers, etc.. Get yet another form suited to
individuals and those whom you gift.
Remember to KEEP your IQD. in a SEPARATE BANK ACCOUNT. Why? That has been strongly
suggested for several years, as IQD. may be handled differently for tax purposes [if it is taxed].
All OTHER CURRENCIES EXCHANGES can be put together in another account unless later we
receive other direction.
Do your exchange at a Bank with ABSOLUTE REAL-TIME, ON-SITE VERIFICATION of the

CURRENCY you are bringing in, where ALL CURRENCY EXCHANGES ARE INSTANTLY CREDITED TO
YOUR ACCOUNTS without additional review or unnecessary delay.
Make sure they have a WEALTH MANAGEMENT DIVISION CAPABLE OF SERVING YOUR
BANKING NEEDS.
Have DECIDED BEFORE you go to the Bank, HOW MUCH DINAR YOU WILL BE EXCHANGING at
this one BANK or INSTITUTION & what rate you want to achieve.
The above can in many cases be taken care BEFORE we exchange so take care of it now.
The following will be accomplished at Exchange and/or at our meeting with our WM. or Private
Banker at our second Bank meeting after we manage to calm down & are thinking clearly again.
These are reminders for the PRIVACY/SECURITY of your Bank Accounts . We need to know
these so print this out or make your own list & take it with you. Check it off as you get them
done.
FLAG ALL ACCOUNTS as "ACCESS RESTRICTED TO NON-ESSENTIAL BANK PERSONNEL" &

TAGGED as "NON-TEST/NON-TRAINING" ACCOUNTS to prevent Banks from using your accounts
for new staff training purposes where funds can get lost!
NEVER PUT your ACCOUNT ONLINE! I remember distinctly our DC. telling us several times
that he would do his banking the ol fashioned way ~ in person!!! Remember: NOT ONE THING
is PRIVATE ONLINE!
Emphasize: NO TOUCHING OR TRADING WHATSOEVER until YOU have your MEETING WITH
the WEALTH MANAGER [WM] or YOUR PRIVATE BANKER & your Account is FULLY SET-UP!
Remember: THIS will be your SECOND time to visit the Bank. At that time, I personally will GET
THAT FIRST & THIRD POINT IN WRITING ~ SIGNED, DATED & DELIVERED with COPIES.
Once the WM or Private Banker & YOU have your meeting, emphasize that there is to
be:ABSOLUTELY NO THIRD PARTY ACCESS AT ALL ! [You may wish to get that in writing.]
If disabled, your Wealth Manager or Private Banker will come to your home! My Bank has
offered that for me.
ALL PHONE CALLS + EVERYTHING MUST GO THROUGH MY WM/PRIVATE BANKER ONLY !!!
Then ONLY HE will call me.
SET UP A SECRET VERBAL PASSWORD THAT ONLY YOU AND YOUR WM/PRIVATE BANKER
KNOW. You will use this password to do REMOTE BANKING by phone when needed...like
raising a spending limit on DEBIT CARDS or SECURE TRANSFERS of FUNDS for PURCHASES or
INVESTMENTS.
Add a P.O.D. [pay on death] clause to EACH ACCOUNT and SIGNATURE CARD that you get.
You will need to name/designate a person that can access that money if your die without state
probate interference.
You list your beneficiary[s] on the Account and upon your death, FUNDS GO DIRECTLY TO YOUR
BENEFICIARY[s] without having to go through probate. All the beneficiary needs is a copy of
your Death Certificate.
SETUP ACCOUNTS WITH LIMITS for your PROTECTION. Example: $5000 DEBIT CARD,
$25,000 CREDIT CARD, etc. [Or whatever amount you figure is best.] This too is a SAFETY
MEASURE and can be modified at will.
Check to be POSITIVE THAT YOU HAVE IN YOUR POSSESSION ALL FORMS, DOCUMENTS,
RECEIPTS, etc. that have been generated during your Bank visit this day.
I hope this has been helpful for all of you. I pray for our TNT. & our OM family. I hope
everyone is successful in going forward, making sure of our own family's legacy for generations
to come & wisely helping others.
Blessings! GoldenLady
May 5 2017 List of Possible Bank Perks: Post RV- Possible "Bank Perks" Suggestions, 5 MAY
Perks can be based on AUM (Assets Under Management) in a tier grid
1. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds
in an overnight high yield interest rate account that will yield a minimum of 1% per month.
2. Provide Senior Wealth Managers/Investment Bankers for selection
3. Provide Family Office Services
4. Provide Tax/Business/Estate Attorney & CPA
5. Free Due Diligence Services provided for outside investment opportunities
6. Private transactions representation assistance in buying a house/car/anything
7. No fees ever for foreign currency exchanges
8. Discounts on AUM fees
9. No fees ever to deposit/wire transfer money
10. No Broker fees ever
11. No ATM fees ever for in network or out of network
12. Free Safe Deposit Box, Certified Checks, Notarized, Courier Services
13. 100% funding availability
14. Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees
15. Provide all types of Loans, Leases & Line of credit with no application fees.
16. Line of Credit available
17. Guarantee 12-15% interest per year on deposits
18. Bank Trading Platforms & Repurchase Agreement Sweep Accounts
19. Short Term/High Yield Interest Rates

20. Assist in opening an offshore bank account with affiliate bank for foreign investments
21. Pre-IPO deals
22. Free Family Financial Education provided for group family members
23. Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers)
24. Group Health Insurance - to cover the signers and families of depositors
25. Provide Private Placement Annuities & Private Placement Life Insurance for each group
member
26. Access to information on great investment opportunities
27. Provide free Executive Privacy Plus subscription with Reputation.com
28. Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf,
NASCAR & etc.) Also, special events like the Super Bowl, NBA Finals, College Bowls, NCAA Final
Four, World Series & the Olympics. Based on AUM in a tier grid
29. Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment
Awards Shows, Premier Movie Screenings, TV Show tickets & etc.) Based on AUM in a tier grid
30. Limousine & VIP transportation based on AUM in a tier grid
31. Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in a tier grid on flight hours per
month
32. First Class seats/commercial airlines based on AUM in a tier grid
33. Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage
hours per year
34. Donations to your favorite charities (Banks matching a certain percentage)
35. Prime seats at charity events
36. Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM
37. Membership fee & Annual fees to Inspirato Core resorts & residences
38. Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority
Holiday Access annually
39. ClubCorp Private Membership based on AUM
40. Spa & Massage Club Membership based on AUM in a tier grid
41. Concierge Services 24/7 based on AUM
42. Provide a free 10 Tablet or 13 Notebook based on AUM
43. Provide a free Vertu Ti cell phone & concierge subscription service for members with $1
million and over AUM
44. Provide Global Leader Risk Mitigation & Response www.Kroll.com
45. Luxury Destination Clubs www.ExclusiveResorts.com
46. Private Business Club www.ClubCorp.com
REVISED LIST OF BANK PERKS & BENEFITS
No fees ever for foreign currency exchanges
Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds
Family Office & Philanthropic Investment Management Services
Perks can be based on (Assets Under Management) AUM in a tier grid
Discounts on AUM fees
No fees ever - no fee to all domestic/foreign deposit/wire transfer money
No Broker fees ever
Free Safe Deposit Box, Certified Checks, Notarized, Courier Services and provide storage for
metals (i.e. gold, silver & etc) and waive any storage fees.
Provide Excess Deposit & Cyber Fraud Insurance (i.e. Lloyds of London)
Provide Senior Wealth Managers/Investment Bankers for selection

Tax/Business/Estate Attorney & CPA
Private transactions representation assistance in buying a house/car/anything
Free Due Diligence Services provided for outside investment opportunities
100% funding availability
Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees
Provide discounted interest rates for all types Loans, Leases & Line of Credit
Group Health Insurance - to cover the signers and families of depositors
Guarantee 12-15% interest per year on deposits to share in bank profits made from deposits
Overseas Bank Trading Platforms by invitation & Repurchase Agreement Sweep Accounts
Short Term/High Yield Interest Rates
Provide Multi-Currency Accounts with Debit Card, Offshore Foreign Currency Time Deposits
and assist in opening an offshore bank account with affiliate bank for foreign investments
Access to "invitation only" to great investment opportunities (domestic & international)
Pre-IPO deals
Provide free Executive Privacy Plus subscription with Reputation.com
Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf,
Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment
Limousine & VIP transportation based on AUM in a tier grid
Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in a tier grid on flight hours per
month
First Class seats/commercial airlines based on AUM in a tier grid

Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage
hours per year
Donations to our favorite charities (Banks matching a certain percentage)
Prime seats at charity events
Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM
Membership fee & Annual fees to Inspirato Core resorts & residences
Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority
ClubCorp Private Membership based on AUM
Spa & Massage Club Membership based on AUM in a tier grid
Concierge Services 24/7 based on AUM
Provide a free Google Pixel C 10.2 Tablet 64 with keyboard & Solarin Fire Black Carbon DLC
cell phone & concierge subscription service for members with $1 million and over AUM
Free Family Financial Education provided for group family members
Provide any and all other perks that was not mentioned
AUM - Assets Under Management
Global Leader Risk Mitigation & Response

www.Kroll.com
Luxury Destination Clubs

www.Inspirato.com www.ExclusiveResorts.com
Private Business Club

www.ClubCorp.com
TRUSTS
It is a 6 page article covering the history of statutory and contract trust; (also known as
common law trusts) benefits; legality; strategy; court cases upholding privacy; wills; liability;
IRS and trusts; statutory vs. contractual; Supreme Court rulings in favor of contractual trust;
revocable vs irrevocable; setting up a trust.
"Complex irrevocable trusts - Trusts are powerful tools for estate planning and administering
assets. By entering into a complex irrevocable trust you can elevate your family and business
financial dealings to a higher plane and be ruled under a nonstatu-tory set of laws. The benefits
of trusts are available to anyone who freely elects to use them. A degree of privacy and
protection from liability can be achieved that is otherwise unavailable. Probate can be totally
avoided, income taxes reduced, and personal liability virtually eliminated.
It is reasonable and prudent for a person to reorganize his affairs so that he may enjoy better
privacy, protection and an improved tax position. The courts have ruled specifically, that a
person is not more or less patriotic because of the amount of taxes he may or may not pay.
Additionally, a person may choose to organize his affairs, whether or not the resulting benefits
or tax savings are incidental or by design.
Many of the benefits of trusts can be achieved using corporations and other statutory entities.
However, the contract-based complex irrevocable trust is clearly protected by the courts for
various reasons. Given a choice, I would rather have the protection of the courts than to have
to depend on my wits or luck to keep me out of harms way."
I could not post the full article here as it is a pdf file divided into three columns. The full article
is available to read at the address below. It is not a link. You will have to copy and paste the url
address into your browser.
http://famguardian.org/PublishedAuthors/Media/Antishyster/V07N1-TheTruthAboutTrusts.pdf
PROTECTING & SECURING BANK ACCOUNTS DURING/AFTER EXCHANGE & ALWAYS!
Things that you need to do now!
Have ALL QUESTIONS written down.
Have Your ID. Include PASSPORT, BIRTH CERTIFICATE, UTILITY BILLS with address that help
to confirm who you are, your RECEIPTS, if you wish, in a 3-RING BINDER NOTEBOOK. If you plan
on the Bank person signing his/her name/date/name of Bank on each RECEIPT at time of
deposit to keep [for tax records], have that ready in binder also, along with your DEPOSIT
RECEIPT which is your PROOF that your funds from your exchange have been deposited.
Please check out the wonderful post from DAZ...which may trigger your mind. Link is:
http://tntshowtime.activeboard.com/t56942491/personal-binder-and-id-prep-list/
You will need to familiarize yourself NOW with an NDA, especially if you are going for the
CONTRACT Rate. You will need NDA & PA. - PRIVACY AGREEMENTS. Next item will show the
reason. You can find them online & even have your Attorney look at it or he may even make
one for you.
While on the subject think about this. TO MAINTAIN YOUR PRIVACY/ SECURITY, obtain PA
[privacy agreement] & NDA [non-disclosure agreement] forms for PEOPLE YOU DO BUSINESS
WITH. Use them with your ATTORNEY, CPA, ALL professional contacts, people that you hire to
work for your entity, secretary, mechanic, domestic engineers, etc.. Get yet another form
suited to individuals and those whom you gift.
Remember to KEEP your IQD. in a SEPARATE BANK ACCOUNT. Why? That has been strongly
suggested for several years, as IQD. may be handled differently for tax purposes [if it is taxed].
All OTHER CURRENCIES EXCHANGES can be put together in another account unless later we
receive other direction.
Do your exchange at a Bank with ABSOLUTE REAL-TIME, ON-SITE VERIFICATION of the

CURRENCY you are bringing in, where ALL CURRENCY EXCHANGES ARE INSTANTLY CREDITED TO
YOUR ACCOUNTS without additional review or unnecessary delay.
Make sure they have a WEALTH MANAGEMENT DIVISION CAPABLE OF SERVING YOUR
BANKING NEEDS.
Have DECIDED BEFORE you go to the Bank, HOW MUCH DINAR YOU WILL BE EXCHANGING at
this one BANK or INSTITUTION & what rate you want to achieve.
The above can in many cases be taken care BEFORE we exchange so take care of it now.
________________________
The following will be accomplished at Exchange and/or at our meeting with our WM. or Private
Banker at our second Bank meeting after we manage to calm down & are thinking clearly again.
These are reminders for the PRIVACY/SECURITY of your Bank Accounts . We need to know
these so print this out or make your own list & take it with you. Check it off as you get them
done.
FLAG ALL ACCOUNTS as "ACCESS RESTRICTED TO NON-ESSENTIAL BANK PERSONNEL" &

TAGGED as "NON-TEST/NON-TRAINING" ACCOUNTS to prevent Banks from using your accounts
for new staff training purposes where funds can get lost!
NEVER PUT your ACCOUNT ONLINE! I remember distinctly our DC. telling us several times
that he would do his banking the ol fashioned way ~ in person!!! Remember: NOT ONE THING
is PRIVATE ONLINE!
Emphasize: NO TOUCHING OR TRADING WHATSOEVER until YOU have your MEETING WITH
the WEALTH MANAGER [WM] or YOUR PRIVATE BANKER & your Account is FULLY SET-UP!
Remember: THIS will be your SECOND time to visit the Bank. At that time, I personally will GET
THAT FIRST & THIRD POINT IN WRITING ~ SIGNED, DATED & DELIVERED with COPIES.
Once the WM or Private Banker & YOU have your meeting, emphasize that there is to
be:ABSOLUTELY NO THIRD PARTY ACCESS AT ALL ! [You may wish to get that in writing.]
If disabled, your Wealth Manager or Private Banker will come to your home! My Bank has
offered that for me.
ALL PHONE CALLS + EVERYTHING MUST GO THROUGH MY WM/PRIVATE BANKER ONLY !!!
Then ONLY HE will call me.
SET UP A SECRET VERBAL PASSWORD THAT ONLY YOU AND YOUR WM/PRIVATE BANKER
KNOW. You will use this password to do REMOTE BANKING by phone when needed...like
raising a spending limit on DEBIT CARDS or SECURE TRANSFERS of FUNDS for PURCHASES or
INVESTMENTS.
Add a P.O.D. [pay on death] clause to EACH ACCOUNT and SIGNATURE CARD that you get.
You will need to name/designate a person that can access that money if your die without state
probate interference. You list your beneficiary[s] on the Account and upon your death, FUNDS
GO DIRECTLY TO YOUR BENEFICIARY[s] without having to go through probate. All the
beneficiary needs is a copy of your Death Certificate.
SETUP ACCOUNTS WITH LIMITS for your PROTECTION. Example: $5000 DEBIT CARD,
$25,000 CREDIT CARD, etc. [Or whatever amount you figure is best.] This too is a SAFETY
MEASURE and can be modified at will.
Check to be POSITIVE THAT YOU HAVE IN YOUR POSSESSION ALL FORMS, DOCUMENTS,
RECEIPTS, etc. that have been generated during your Bank visit this day.
I hope this has been helpful for all of you. I pray for our TNT. & our OM family. I hope
everyone is successful in going forward, making sure of our own family's legacy for generations
to come & wisely helping others.
Addendum:
FinCEN REPORT HAS CHANGED!

FinCEN is: FINANCIAL CRIMES ENFORCEMENT NETWORK & it is a bureau of the United
States Department of the Treasury:
https://en.m.wikipedia.org/wiki/Financial_Crimes_Enforcement_Network
CURRENCY TRANSACTION REPORTINGOVERVIEW This link we need to receive the

explanation about it. That LINK will be at the bottom of this post.
A BANK MUST ELECTRONICALLY FILE a CURRENCY TRANSACTION REPORT (CTR) for each
transaction in currency (DEPOSIT, WITHDRAWAL, EXCHANGE, OR OTHER PAYMENT OR
TRANSFER) of more than $10,000 by, through, or to the Bank.
FILING AND RECORD RETENTION
Here is the important part !
FinCEN developed a NEW ELECTRONIC BANK SECRECY ACT CURRENCY TRANSACTION

REPORT (BCTR) that REPLACED FinCEN CTR Form 104. The BCTR provides a uniform data
collection format that can be used across multiple industries. As of April 1, 2013, the BCTR is
MANDATORY and must be filed through FinCEN's BSA E-Filing System.
The BCTR INCLUDES A NUMBER OF ADDITIONAL DATA ELEMENTS pertaining to the financial
services involved. CERTAIN FIELDS IN THE BCTR ARE MARKED AS "CRITICAL" FOR TECHNICAL
FILING PURPOSES; this means the BSA E-Filing System will NOT ACCEPT filings in WHICH THESE
FIELDS ARE LEFT BLANK. For these items, the Bank must either provide the requested
information or CHECK the UNKNOWN BOX that is provided with each critical field.
A completed BCTR must be ELECTRONICALLY FILED with FinCEN WITHIN 15 CALENDAR DAYS
after the date of the transaction. The bank must retain copies of CTRs for FIVE YEARS FROM
THE DATE OF THE REPORT (31 CFR 1010.306(a)(2)). The bank can retain HARD COPIES or COPIES
IN ELECTRONIC FORMAT.
Here is your Link: https://www.ffiec.gov/bsa_aml_infobase/pages_manual/olm_017.htm
PLEASE READ everything VERY CAREFULLY when you are at the Bank. Remember, they can
mark it as 'UNKNOWN', then, it is NOT BLANK so it will NOT be REJECTED. It is vital to your
success.
I hope this is helpful to all. Blessings!
Bank Perks
No fees ever for foreign currency exchanges
Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds
Family Office Services
Perks can be based on AUM (Assets Under Management) in a tier grid
Discounts on AUM fees
No fees ever - no fee to deposit/wire transfer money
No Broker fees ever
Free Safe Deposit Box, Certified Checks, Notarized, Courier Services
Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers)
Provide Senior Wealth Managers/Investment Bankers for selection
Tax/Business/Estate Attorney & CPA

Private transactions representation assistance in buying a house/car/anything
Free Due Diligence Services provided for outside investment opportunities
100% funding availability
Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees
Line of Credit available
Group Health Insurance - to cover the signers and families of depositors
Guarantee 12-15% interest per year on deposits
Bank Trading Platforms & Repurchase Agreement Sweep Accounts
Short Term/High Yield Interest Rates
Assist in opening an offshore bank account with affiliate bank for foreign investments
Access to information on great investment opportunities

Pre-IPO deals
Provide free Executive Privacy Plus subscription with Reputation.com
Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf,
Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment
Limousine & VIP transportation based on AUM in a tier grid
Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in a tier grid on flight hours per
month
First Class seats/commercial airlines based on AUM in a tier grid
Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage
hours per year
Donations to our favorite charities (Banks matching a certain percentage)
Prime seats at charity events

Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM
Membership fee & Annual fees to Inspirato Core resorts & residences
Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority
ClubCorp Private Membership based on AUM
Spa & Massage Club Membership based on AUM in a tier grid
Concierge Services 24/7 based on AUM
Provide a free Vertu Ti cell phone & concierge subscription service for members with $1
million and over AUM
Free Family Financial Education provided for group family members
Provide any and all other perks that was not mentioned
AUM - Assets Under Management

Global Leader Risk Mitigation & Response
www.Kroll.com
Luxury Destination Clubs
www.Inspirato.com www.ExclusiveResorts.com
Private Business Club
www.ClubCorp.com
BANKING RESEARCH
Permalink
THIS IS A GREAT FREE TOOL TO SEARCH AND RESEARCH BANKS AND CREDIT UNIONS. SEARCH
BY NAME, STATE, RANKING OR ZIP. I FIND THE MEMO MORE VALUABLE THAN THE STATEMENT
WHEN LOOKING AT FINANCIALS.
http://www.bankrate.com/rates/safe-sound/bank-ratings-search.aspx
daz wrote
moments ago
There are a 5927 local and national banks offering banking services in United States with nearly
87000 branches in 10312 cities. Below you can find the complete list of all banks in United
States. You can click a bank to view the list of all available locations
https://www.bankbranchlocator.com/banks-in-usa.html
Eras
CDARS
http://www.cdars.com/default.aspx
WORLDS 50 SAFEST BANKS

https://www.gfmag.com/awards-rankings/best-banks-and-financial-rankings/global-finance-
names-worlds-safest-banks-2016
ascent http://ascent.usbank.com/index andhttp://ascent.usbank.com/services/private-banking
suntrusthttps://www.suntrust.com/WealthManagement/AboutWealthManagement/OurAppro
ach
BB&T http://www.bbt.com/bbtdotcom/wealth/products/banking/default.page
3 Simple And Effective Steps To Dominate Negotiations

Kevin Kruse, Contributor/Apr 17, 2017 FORBES
What are the three keys to negotiating success?
If youve ever been in a position to negotiate, you know how nerve-wracking it can be. You use
the latest body language tricks, eye contact, and careful word choice, which leave you feeling
not like yourself. Is there a way to negotiate from a place of authenticity?
Corey Kupfer is a dealmaker, and business consultant with over 30 years of negotiating
experience, as well as the author of Authentic Negotiating, Clarity, Detachment, and
Equilibrium 3 Keys to True Negotiating Success and How to Achieve Them. I recently
interviewed Corey for the LEADx podcast to learn more about his steps to achieving a successful
negotiation. (The interview below has been lightly edited for space and clarity.)
Kevin Kruse: How is authentic negotiating different from traditional negotiating?
Corey Kupfer: If you read most negotiating books, or the trainings, or the resources or articles
out there, most of them focus on tips, tactics, techniques, counter-tactics. When they do this
then you do this. Theres always counter-tactics. Theres a counter-counter-tactic for counter-
tactics, thats the focus of a lot of them. And some of them, frankly, are highly manipulative and
really bad. Just not ethical and not effective. And frankly, some of the tips at that level are
good. Theyre useful, but theyre not the key to true negotiating success. What 30 years of
experience has told me is that theres a deeper body of work and a deeper body of
conversation that you have to have. The great negotiators do that deeper work, its not just
about the tips and tactics.
Kruse: You say clarity,detachment, and equilibrium are the three keys. Tell me more.
Kupfer: Absolutely. So first of all its CDE so it goes in order, its easy to remember. Lets start
with clarity, the C. The first thing is, Im amazed. I do negotiations from small negotiations up to
multi-million dollar deals, and I work with multi-billion dollar teams, so its a whole range. Even
sophisticated people often go into multi-million dollar negotiations without the level of clarity
that they should, and certainly without the level of clarity that I work with them on.
So, what does it take to get clarity? One, theres the external research and preparation. Which
frankly, some people even skip on that, but its the industry researchresearching the people
on the other side of the table, the company, trying to figure out their objectivesall that stuff.
But the part that people really skimp on is the internal preparation work, which means that are
you 100% clear on every single material term of the deal, and whats acceptable to you and
whats not, and how they interrelate to each other. People usually dont do that work. Ill give
you a quick example:
Lets say somebody says to me theyre selling their company. I say, OK, what do you want to
get for the company?
Well Id love to get 12 million dollars for the company.
Okay, what will you take?
11 million will be fine.
Whats your bottom line?
10 million dollars. Thats the least Ill take.
By the way, you can apply this if youre negotiating salary at a job or any other scenario. In that
example Ill say to them, Okay, so 10 million is your bottom line.
Yeah, thats my bottom line.
Okay, so lets assume we get a deal that meets every other one of your criteria. But the money,
instead of 10 million dollars, is $9,999,999.99. And usually the clients first reaction is, Come
on Corey, thats kind of ridiculous. Its just a penny less.
Well what about a penny less than that, and a penny less than that, and a penny less than that?
Its not a penny less, or not a penny more, or not a day more.
Kruse: What about detachment?
Kupfer: So once you get the clarity, the next piece is detachment, the D. What detachment
means is that you need to be detached to the outcome of the negotiation. If you and I are
negotiating a deal, or were negotiating an employment contract, or whatever it may be, I
should probably have a preference that we get the deal done or else why am I wasting my
time? But ultimately I need to be detached from the outcome which means that if Im able to
get a deal done with you on the criteria that Ive got clarity on, so it meets my objectives, I do it.
And if Im not able to, I dont. And Im equally okay either way. Im not attached to the deal.
Great negotiators always have that level of detachment where theyre able to walk away, but
theyre not walking away from a place of ego, or anger, or upset. Theyre walking away from a
place of clarity and that walking away looks more like saying, Hey Kevin, listen I appreciate our
time together. I was hoping we would get to a deal, obviously what works for me wont work
for you. Maybe well be able to do something in the future. And what it means is that youre
trusting that something else will show up or its not the right time to do the deal, and youre
also aware of the fact that the only thing worse than not doing a deal is doing a bad deal.
Kruse: And the equilibrium?

Kupfer: Equilibrium, thats the third one. Equilibrium means being able to keep your center,
your balance, being calm during the heat of the negotiation. A lot of people, maybe they do
their prep well, maybe theyre clear on their objectives, maybe they go in thinking they have an
ability to be detached. Then they get into the negotiation and they get triggered. Whether
somebody says, Hey, youre not worth that salary, or We cant guarantee you that benefit,
or We wont buy your company for that amount, or whatever it is. Or they pull some
manipulative negotiating tactic that gets you pissed off, or they say something. The key is, in
equilibrium, is not to get thrown off by those triggers, not let your emotions, your ego, your
upset, your feelings of scarcity, or not being good enough, or anything that might trigger you
that will throw you off. Because if you do that, you wont stay connected to your clarity, and
you wont be able to remain detached. Being able to keep that equilibrium is the third key
element.
Kruse: You say to focus on CPR to strengthen yourself psychologically. What do you mean?
Kupfer: Absolutely. CPR is context, purpose, and results. Let me take a step back. The first
thing I tell people before we even get into the CPR tool is, you should look at whatever you do
that gets you into a place of clarity. For some people, thats meditation; some people go for a
run, some people listen to music. The first thing is going into a negotiation. Do whatever you
know works for you that gets you into a quiet and clear place.
What context means is that your state of being really counts in a negotiation. I gave an
example in the book about a big team in the service business that had gone to a place they
were really unhappy at. They were going to go into a big negotiation to try to negotiate their
way out of this deal. They had bad legal agreements, they had non-solicits meaning they
couldnt take their clients legally, so they were not in great shape legally, so they had to
negotiate a deal. Everybody has a context. You may not realize what it is.
Basically theyre on the phone telling me how horrible these guys are and how they were
misrepresented when they came in as to the terms, and how these guys were terrible people. I
said to them, if youre holding it out that these guys are jerks, they manipulated you, they lied
to you, whatre the odds of getting a deal done?
We worked with them to shift their context on who they were being walking into the room. For
them, just as an example, they realized, we need to be calm. The other thing they realized they
needed to be was patient. They were very impatient, they wanted to get out of there. They
didnt have strong leverage to start with, so the more impatient they were the less chance they
would have of being successful.
Then they realized that they also needed to be firm, because these guys were tough
negotiators. Although they wanted to be patient and calm, they also realized they needed
something in their context where they wouldnt get taken advantage of. They werent going to
be pushovers. But they didnt want it to be words like aggressive, assertive. Those were more
combative words, so they came up with firm.
Thats an example of shifting your context to a context that will put you in the best place and
best way to be able to be successful in negotiating. Thats the context, I usually use words like
that, three or four words that you can go back to if you feel yourself going off.
Kruse: I like to challenge our listeners to become 1% better each and every day. Whats
something that you can challenge them to try out today, whether its at work or at home?
Kupfer: Im going to give them something that can be applied in negotiation but it can really be
applied in any situation where theres any kind of anger, or upset or frustration. If youre having
an issue with a work colleague, or a boss, or in your personal relationship, you can use this.
What I will recommend is you ask yourself one of two questions, or both of these questions:
The first question that you can ask yourself is, Will this next action move me closer to my
objectives or further away? Its sort of like what I said with regard to purpose in negotiating,
but you can use it in any situation. If youre working on a project at work with coworkers, with a
team, and youre having some issues with one of them, when youre in a potential dispute or
upset situation, you have the project and it has a deadline, you may ask yourself Will this move
us closer to getting the project done or not? before you reply or respond and decide the action
that youre going to take. Thats really useful.
The other question that I find is usually useful in those situations is Do I want to be right or do I
want to be effective? What happens a lot of times, were all human, it happens to me still no
matter how trained I am in stuff. Its easy to get in the place where you want to be right. Being
right comes from a place of ego, it comes from a place of your own identity, it comes from
places that are not actually very useful. When you feel that coming up, if you ask that question
it really has the opportunity to shift. What you would do or not do to be effective is often very
different than what you would do or not do in terms of being right.
Kevin Kruse is a New York Times bestselling author, host of the popular LEADx Leadership
Podcast, and the CEO/Founder of LEADx.org.
Stupid Asset Protection Tricks

I almost feel sorry from Navinder Singh Sarao. If you dont recognize the name, youll probably
remember what he did. Hes the UK-based trader accused of causing the flash crash in 2010
that temporarily erased almost $1 trillion from US stock values.
Last November, Sarao pleaded guilty in US federal court to wire fraud and illegal market
manipulation. (Incidentally, its quite likely that hes innocent of the charges he pled to,
although thats an entirely different story.)
Sarao was a master trader who in a good week could clear 500,000, at the time equal to more
than $700,000. Yet, he was unable to come up with $750,000 bond pending his sentencing. His
family had to put up their homes to cover it.
It turns out that most of Saraos wealth disappeared into a maze of offshore investments and
trusts designed to save on UK taxes. Between 2009 and 2015, he invested in a series of complex
schemes he was promised would greatly reduce his tax bill. By 2016, when Sarao realized he
couldnt get the funds back, he actually agreed to allow the US government to track it down for
him.
What went wrong? Sarao is reputed to be an incredibly gifted trader, but also incredibly nave.
He evidently trusted the promises of glib salesmen, but lost it all when the investments he
made went south or went into the pockets of his advisors.
Trusting people who arent worthy of your trust isnt the only stupid asset protection trick Ive
encountered. Here are a few that Ive encountered over the years:
Putting your money in your spouses name. In some states, this strategy can be effective in
protecting your assets, but there are numerous drawbacks.
The most obvious one is divorce. If your spouse decides one day to leave for greener pastures,
those assets could be gone for good.
Theres also the concept of fraudulent transfer (also called fraudulent conveyance). In a
lawsuit, courts carefully examine asset transfers between relatives, especially if they occur
when litigation is imminent or has already started. A court has the authority to order your
spouse or anyone to whom youve made an apparent gift to return it.
And what happens if your spouse gets sued? This occurred with one of my clients, a surgeon
who paid malpractice premiums of hundreds of thousands of dollars annually. For extra
protection (he thought), he transferred most of his wealth to his wife.
It didnt work. One day, while driving home from the country club after a few cocktails, the wife
hit a teenager on a bicycle, badly injuring him. The family sued, and the claim exceeded the
limits of her liability insurance. (We had recommended hiking these limits as well, but my client
hadnt gotten around to it.) She wound up writing a $1 million check to the boys parents out of
my clients assets.
Not making full disclosure in a bankruptcy case. If you file for bankruptcy or are forced into it,
the payoff is that a court will discharge, or at least restructure, your debts. But before it does
so, you must make a full disclosure of your financial condition.
How will anyone know if you dont? There are many breadcrumbs an experienced bankruptcy
trustee can follow: your tax returns, property records, and (especially) disgruntled business
partners, ex-spouses, etc.
Former baseball star Lenny Dykstra learned this the hard way. He failed to disclose some items
worth more than $200,000, including a collection of baseball memorabilia, on a bankruptcy
petition. He served more than a year in prison as a result.
Creating a constitutional trust. Also known as a pure trust, colato, or a common law
trust, a better name for it would be con-man trust. Promoters claim this instrument will be
completely exempt from all taxes. And theyre right the trust wont owe any tax, because the
IRS doesnt recognize it as a legitimate legal entity. Instead, you owe the tax, and if you dont
pay it, the IRS will be happy to collect it from you.
I first learned of this type of trust more than 25 years ago. At cocktails after a session at a firing
range practicing my marksmanship, one of my friends casually mentioned he had just created a
trust that would allow him to never pay tax again. I asked him if he could give me the name of
his lawyer.
My lawyer refused to create one for me, he told me. He said it was a scam, but the truth is
that the Rockefellers and other wealthy families have been using these trusts for years.
My friend gave me the name of someone named George Henderson. For reasons I no longer
recall, I never contacted him. But a few years later, I learned Henderson had been sentenced to
prison for helping his clients evade at least $13.8 million in federal income tax.
In all these situations, the end result is always the same. Either the technique backfires, or the
person promoting it earns a hefty commission and the client who takes his advice gets screwed.
Fortunately, there are alternatives. If youre serious about protecting your assets or saving on
taxes, consult an expert before engaging in do-it-yourself asset protection or trusting a
promoter.
Dont be the next victim of a stupid asset protection trick.

Mark Nestmann
SPLIT IT UP
Permalink
AN OLDIE BUT A GOODIE POSTED ON RECAPS 3.5 YEARS AGO BY "ANONYMOUS" AND STILL
HAS MERIT
2/21/2012
Let me just say this, if I were to give you a list of "good" Banks today, that does not change the
fact that tomorrow they may go through an Audit and determined to be insolvent!!!
I would not spend too much time today worrying about what bank today is a "good" bank - lets
worry about that AFTER THE RV and when you are wealthy!
Here are two useful links from ehow.com on determining a bank's financial health:
LINK 1: http://www.ehow.com/how_5169725_quickly-determine-banks-financial-
health.html
LINK 2: http://www.ehow.com/how_6518411_check-financial-health-bank.html
AND http://www.tntdinar.activeboard.com/t56267488/banking-research/
But, really, there are NO GUARANTEES in life
You must know that Life is NOT "Fair"! Therefore, to best protect yourself and your money,
split it up and deposit your money in several banks!
You can start from "day 1" when you go to exchange your IQD after the RV. Let's use some
simple numbers and assumptions for this example.
Lets assume you own 1 Million IQD after the RV, and the rate comes in at exactly $4.00 to 1
IQD. Congrats, you are now worth $4Million!!!
Now, did you know that when you exchange the IQD, you don't have to do it all in one lump
sum?
In fact many experts will tell you to split it up!
So, lets assume you take just 125,000 IQD ($500,000 USD) to Bank/Broker #1, and then take
another 125,000 IQD to Bank/Broker #2 and do this with a total of Eight different Banks /
Brokers! You have split up your deposits, making it very difficult to now lose all your money
due to a Bank Failure, or a dishonest Private Banker!
If you have one favorite Currency Dealer, and are planning on using that organization, have
them send out 8 separate wire transfers to each of your 8 banks.
Of course for each of the 8 banks you will need to set up your account with them using one of
their Private Bankers which is assigned to you from that Bank.
Do you need to do any of this today? Heck NO!!!! In fact, I am going to wait several weeks
after the RV to contact banks and Private Bankers!
THINK ABOUT THE "OTHER" BANKS...
Another thing to think about is we are all familiar with the common Four "Big" Banks, but most
of us have never had to use Commercial and Business Banks. Keep your mind open about
working with them too! They are used to working with large depositors!
You have to remember, the "Big 4 Banks" make their money off the "average, middle class"
people who have a monthly average balance of only a few hundred dollars or a few thousand
dollars in our accounts (like you and me today!)
But, Commercial and Business Banks make their money off the "rich and wealthy"! They are
very familiar in dealing with "Million Dollar Clients" who are often Small Businesses that run
Millions of dollars monthly through their institution.
CAUTION ABOUT PROFESSIONALS...
You and I will be "new" to this reality of being considered a "Million Dollar Client" by these
Banking Professionals, Attorneys and Investment Professionals.
A few of these people will be jealous of our new wealth! Yes, some of these people will want to
help us, however unfortunately some will try to betray us! That is reality and that is fact!
Beware of this now, before you go in to banks or meet with Investment Advisors. Keep your
mind about you, if they start talking all kinds of fancy words that you never heard before, ask
them to explain it for you!
If these Professionals are not patient enough to fully and patiently explain their programs to
you, then wright down the words you don't understand, get their brochures, and leave to go do
your own research!!! I would suggest you always make a point of meeting with a few more
Professionals to hear their opinions and offers also before you ever make an agreement.
A FEW MORE CAUTIONS TO CONSIDER...
I will not do business with anyone over the telephone that has contacted me first! You know
what I mean, the Telemarketer who calls you out of the blue, is very friendly and sounds
extremely intelligent! He/She may be as honest as the day is long, but I will refuse to hear
his/her offer or talk to them!
Not to be "rude' but there are just too many scam artists who use the telephone to steal
money! If I do have any interest, I will tell them to send me a proposal to my email address. I
will give them a free email address that I use ONLY for this purpose (I call it my "SPAM BOX") it
will be a free email account with a free provider like Hotmail, Yahoo or Gmail.
If someone is pressuring you to buy some sort of investment, tell them you need to run it past
your attorney first and it will take a minimum of a week before you can come to a decision. If
they insist you still decide "now", leave!
Trust me, what they are offering to you is not that "urgent", and if they don't want you to take
time to think about it, then it is 99% because what they are "selling" to you is a "SCAM"!!!!
Would you rather wait a week to be sure and better protect yourself from scam artists or jump
on some "hot" deal that "fails" and you are now out the money or worse yet, broke!
IN CONCLUSION...
I would recommend that you NEVER tell anybody exactly how much money you really have!
And just to be clear, "anybody" DOES refer to my family as well, especially my family!
No offense to my family, but only my Spouse will be privileged to know exactly how much
money we are worth!!! I'm not even going to tell my children, they can find out from my Will
after I'm dead! This will be really tough on most of you, it is for me too, but it is vitally
important to NOT tell them!!!
So, knowing my opinion on who to tell, when working with Private Bankers, Attorneys, CPAs
and other Investment Professionals, stick to only the amount of money that you have on
deposit with them! Don't tell them about your other investments and don't tell them that you
have seven other banks with a Quarter Million each!
If you tell them..... Do you know what will happen???
That Private Banker or Investment Professional will lose sleep at night, he/she will have
nightmares thinking about how they can convince you to move your money over to their bank!
When their Supervisor tells them to "up their numbers" for the Month/Quarter/Year - who are
they going to call??? YOU! So, don't tell them you have other money or investments!
I will say it again! Don't tell anybody, its none of their darn'd business to know! This will keep
you and your family much safer too.
Trust, but verify!

Keep one sad reality in your mind at all times, nobody is your "friend" when it comes to large
sums of money! The more a professional wants to become your "buddy" and "friend" by giving
you gifts, taking you out to dinner or a vacation, that person is trying to set you up to take your
money!
Almost all legal financial and investment Individuals and Institutions in the United States (and
most other Modern Countries) are Regulated to a gifting limit of something around $100 USD in
value per year! If that guy just "gave" you a vacation worth $5K or $10K he is breaking the law!
If he is breaking the law, what are his intentions with your money???!!!
The "deal" that is just too good to be "true" is almost always a scam! The harder they push to
rush your decisions, the more likely it is a SCAM, and you should walk away and don't look
back!
FINAL LAST WORD!!!

If you now have (in my post RV example above) $4,000,000.00 in the "bank" you are "RICH"!!!
You don't need a "get quick rich" investment scheme to make you what you already are!!! If
you don't feel good about it, or understand it, then don't do it!!!
Lesson 1 Part 1: Dinar rates and contracts updated 8/1/14 13:30 pdt
Permalink
NOTE: I AM NOT A PROFESSIONAL ADVISOR, THESE ARE PERSONAL OPINIONS SHARED AND
NOT TO BE RELIED ON AS PROFESSIONAL ADVICE....ALWAYS SEEK QUALIFIED PROFESSIONALS
FOR ALL LEGAL AND INVESTMENT ADVISORY
Any reference to rates is strictly for examples. 8/1/14 1:30 PDT: added more info on contract
rate history for China in maroon
LESSON 1 Part 1: DINAR RATES AND CONTRACTS
Background:
Each country has a currency it uses for its citizens and government to transact business. The
USA has the US Dollar (USD). Canada has the Canadian Dollar (CAN). Iraq has the Iraqi Dinar
(IQD), Serbia has the Serbian Dinar, Vietnam has the Dong (VND), CHina has the Yuan, Mexico
has the Peso, the new EU has the Euro (EUR), Norway has the Kroner.
You will find areas of the globe that use a similar nomenclature for the countries there. For
example many South American countries use a peso but each country has its own. North
America uses the dollar but Canada and the USA each have their own dollar. Most Middle
Eastern countries use the dinar, but each one has its own. So there is an IRaqi dinar, a Kuwaiti
dinar, a Serbian dinar, a Jordanian dinar, a Qatar dinar, etc.
Asset backed vs Fiat Currency

The Iraqi dinar is different from other world currencies in that it is required to be asset backed.
This is an attempt by the International Monetary Fund (IMF), the Bank of International
Settlements (BIS), the UN, the US Treasury and everyone else you can think of (except the
Federal Reserve in the USA!) to push world currencies to asset backed instead of merely a
printing press (known as FIAT money). The USA used to be gold-backed until Nixon took us off
the Gold Standard in 1971 because we did not have sufficient gold to back all the outstanding
money. The USA is now a fiat-based system.
Exchange Rates and Spreads:

Each country currency can be traded for a different currency from another country. There are
published exchange rates, typically found on Foreign Exchange sites, such as FOREX, Oanda, US
Treasury, etc. Banks will have their exchange rates as well. There are differences in the rates
for which the FOREX (like you find at an airport) or bank will BUY your currency which are less
than the Sell rate. The difference between the BUY rate and the SELL rate is called the SPREAD.
This parallels the BUY/SELL philosophy of buying and selling stocks or mutual funds. Of course,
in our case with the dinar we want the smallest spread because we are the SELLERS and the
bank is the BUYER.
I doubt if the spread among banks will vary much as it is not in their interest to do so at this
point.
IF you SELL Canadian dollars today, the Bank of America will BUY them for .8743 US Dollars.
Thus you would sell one Canadian dollar and receive back 87 cents in US coins for the
transaction. IF you offered to sell US$ because you wanted Canadian you would get $1.08
Canadian dollars back.
Here are the BUY / SELL rates for the Iraqi dinar today on Oanda:
http://www.oanda.com/currency/converter/
Selling 1.00000 USD you get 1,160.56 IQD (so your dinars are worth something today even)
Buying 1.00000 USD you pay 1,171.10 IQD (this is what we will be doing but after the RV this
rate will CHANGE!.)
DINAR RATES:
For about 3 months the rates have been kept ever so quiet. All I can do is remember the rates
from months ago to report here. They are not likely to match the rates when the RV happens!!
Those are the numbers you might find on FOREX when the RV occurs, or posted on Oanda,
BofA, etc. THis is for examples only. ALL RATES ARE FOR EXAMPLE ONLY AND PURELY
SPECULATION, WITHOUT FOUNDATION, AND SUBJECT TO VARIATION AND CHANGE. ANY RATE
EITHER PUBLIC OR PRIVATE IS SUBJECT TO EXTREME VOLATILITY AT ANY TIME
Iraqi Dinar international rate: $3.71 (this means when you present one dinar they will pay
you $3.71 USD for each one)
Vietnamese dong: $2.10 (Again, you will get $2.10 for each dong presented)
History of Dinar:
IN 2003 the world agreed to devalue the Iraqi dinar (which then was at about $3.40 or $3.70
US) to almost zero to prevent Saddam Hussein from squirreling away money that the
international community had been giving IRaq. No bank worldwide would take the dinar any
longer and still won't. The US and other allied countries accepted the worthless dinar as
payment for freeing Iraq and paying for the war, knowing that one day the dinar would be
valuable again and their countries would be repaid. The intent was to ReValue the dinar at
some point when Iraq reached stability and had emerged from bankruptcy. Well all that has
now happened. We just await the RV itself now.
Iraq via this ReValuation (RV) process will have asset-backed currency. Iraq has oil, gold,
diamonds aplenty to support a substantial value for the dinar. The world is very interested in
its oil reserves.
Dinar Contract Rates:

THus, the US and China have negotiated with Iraq that for each dinar they present back to Iraq
during the RV (meant to help Iraq collect all the large notes that are outstanding worldwide
that have been needed for the awful rate Iraq has endured for 10 years), that Iraq will provide
one oil credit to that country at $32. This means that both the USA and China can obtain a
barrel of oil for $32 while it is currently selling on the open market for over $100 a barrel. THis
is a pretty good deal!
BACKGROUND ON CONTRACT RATES

In the beginning China was bound and determined to garner as many oil credits as it could get.
China decided if it could buy in bulk that would be prudent. So it asked some banks to help
China set up some groups to get their bulk purchase. After that was done, others got wind of it
and then other groups wanted to be included, etc. There are now over 300 groups with rates
varying from 50 cents per dinar all the way to the high double digits (I think that means high
$30s). Some groups are legitimate and many are not quite so legitimate. Those set up to deal
with China are legitimate as best we know. Some of the others? not so much.
There were more dinars available for contracts than there were people in groups. It has
evolved that individuals also wanted to be able to take advantage of the contract rates. That
created an opportunity for the rest of us. So now there are at least 3 rates: one China contract
rate, the USA contract rate, and the international rate, each having positive and negative
sides. Some rates are higher rates will be more highly taxed. There may be some other pitfalls
too but we do not yet know exactly all those nuances yet.
Enter the Citizens who own dinars. Bush's Ex Order 13303 in 2003 allowed not only the US
GOvt to own dinar but the US citizens as well. However, that is not widely known. Only a select
few know. Thus, they own dinar and will benefit richly from the playing out of the ReValuing of
the dinar.
Dinar Contract Rates will have a high level and low level within each of the US Contract rates
and Chinese contract rates because both countries want those oil credits. Remember the
FOREX international rate will be about $3.71. Months ago the rates I was hearing were: ALL
RATES ARE FOR EXAMPLE ONLY AND PURELY SPECULATION, WITHOUT FOUNDATION, AND
SUBJECT TO VARIATION AND CHANGE. ANY RATE EITHER PUBLIC OR PRIVATE IS SUBJECT TO
EXTREME VOLATILITY AT ANY TIME
CHINA High rate: $36 Low rate: $32
USA High rate: $27 Low rate: $20
WHy are these rates different? China is willing to pay more for those oil credits priced at $32
than the USA because buying a barrel of oil at $32 instead of $100 is a good deal and China
needs the oil. So CHina pays us $36 for one dinar, buys a barrel of oil for $32, saving $68 on the
market price of $100 for a barrel, then subtracts the $4 they had to pay us extra, netting $64 for
China for each barrel of oil. It is not rocket science to imagine that China would be willing to
pay more than $36 if it had to because it is still a good deal for China.
In the case of the USA, we have our own oil so we are not as desperate for oil. The USA would
pay us $27 for a dinar, making $5 on each one since they turn our oil credit around and sell it to
Iraq for $32; thus they buy a barrel of oil at $32 and make/save another $68 if oil remains at
$100; so the USA makes $73 ($68 plus the $5 discounted purchase of the dinar) for each dinar
the UST can gather to present to Iraq.
The object of the game is the same, each country is merely playing it differently: obtain oil for
$32 a barrel from Iraq.
WHY THE TWO CONTRACT RATES? Because the USA is trying to make more money. If you take
the higher rate the tax rate will SUPPOSEDLY be the capital gains tax rate, and remember the
USA is offering to pay you $27 (or whatever the rate comes out at). IF you take the lower rate,
the US Govt has SAID (CAUTION: no law is in place, it is merely words!!) that they will give you
a tax break, plus it cost them less to buy the dinar from you and they make money both coming
and going, so they can reduce your taxes.
There will be a separate lesson on taxation.
International Rate vs Market Rate vs Contract Rates: ALL RATES ARE FOR EXAMPLE ONLY AND
PURELY SPECULATION, WITHOUT FOUNDATION, AND SUBJECT TO VARIATION AND CHANGE.
ANY RATE EITHER PUBLIC OR PRIVATE IS SUBJECT TO EXTREME VOLATILITY AT ANY TIME
The International rate above is about $3.71. That is a guesstimate. This will be the rate at
which Iraq deals with the world, such as in paying for goods, etc. This will be the rate on FOREX
and OANDA and the CBI (Iraq Central Bank), etc. Currencies are not normally taxed when
converted. If you buy a currency as a stock then it is, but not if you present raw currency for
trade. (THERE is some disagreement on this point).
Let us consider for a moment that the rule is currency presented is not taxed. Then you can
present your dinar at FOREX and get $3.71 (less FOREX's spread). FOREX will present the dinar
to the UST. Then the UST still gets an oil credit but this time having paid only $3.71 for it, saving
over $23 apiece on this end ($27-$3.71). THEN the UST buys a barrel of oil for $32 making the
oil pretty dang cheap! Remember it sells on the open markets for $100! So the USA makes $68
on that end. In total the USA makes $91 on this deal. So the rumor is there will be no tax if you
exchange at the international rate.
The USA Is not stupid. They know they could give a small bonus to entice you to sell your dinar
at a cheap rate and not the lowest rate to eliminate FOREX. So the USA is offering (last we
knew) a Market Rate, which will be about $5 or $6. That still saves the USA about $20 apiece
on this end. The tax situation has not been stipulated. SO in the end the USA still makes about
$88 per barrel of oil at this rate.
The Contract rates were discussed above.
The next lesson will be on choosing a bank for your Currency Exchange.
(This is what I sent to my circle. If it helps you great, if not, no problem skip it and the others. If
the mods want to delete it, fine; then I shall not post other Lessons. It is my effort to complete
my training for my circle and am sharing it FWIIW here.)
LESSON 1 Part 2: DONG CURRENCY RATES AND CONTRACTS
Permalink
NOTE: I AM NOT A PROFESSIONAL ADVISOR, THESE ARE PERSONAL OPINIONS SHARED AND
NOT TO BE RELIED ON AS PROFESSIONAL ADVICE....ALWAYS SEEK QUALIFIED PROFESSIONALS
FOR ALL LEGAL AND INVESTMENT ADVISORY
LESSON 1 Part 2: DONG CURRENCY RATES AND CONTRACTS
Background:
Vietnam has a complicated past since the early 1950s when it was under strong French
influence and related currency. Vietnam was split apart in the 1960s and 1970s with separate
currencies North and South. It is also significant that the North had a lot of heavy industry while
the South was primarily agricultural. Vietnam has an industrious people who "were in it for the
long haul" and were willing to take short term pain for long term gain.
Vietnam endured severe economic sanctions due to its communist ties and subsidies. After the
fall of the Soviet Union in the early 1990s the subsidies dwindled, other countries saw
opportunity, sanctions were lifted, and Vietnam started to flourish. In the past 20 yrs Vietnam
has produced the fastest growing economy and resurgence of a middle class. Its GDP to debt
ratio remains at about 30-35% while ours is nearing 100%. Vietnam focused on exporting
natural resources and cheap labor (here is the short term pain part).
There is a long standing close relationship with China, which exploits the cheap labor and owns
vast amounts of the dong. This relationship strengthened as the relationship with the USA
waned.
The upcoming RV/GCR is an outstanding opportunity for Vietnam to return to a vibrant

economy that can effectively compete in the international marketplace with a stronger
currency. China sees Vietnam's potential to help China's economy and bolster its currency as
well. So the Vietnamese dong has become a bargaining chip for China in the GCR (global
Currency Reset). Think of it as the dong is to China as the dinar is the USA.
History of Vietnamese Dong:

Vietnam's dong has dropped precipitously over the years, with constant devaluations:
1971: 2.71 dongs to one USD (or 1 dong = $.37)
1981: 9.045 dongs to one USD
1989: reunification with the North: 4500 dong to one USD
1991: Auctions of VND mandated to be done in USD only
2014: 21,000 dongs to one USD.
DONG CONTRACTS & RATES:
For about 3 months the rates have been kept ever so quiet. All I can do is remember the rates
from months ago to report here. They are not likely to match the rates when the RV happens!!
Buyer beware. ALL RATES ARE FOR EXAMPLE ONLY AND PURELY SPECULATION, WITHOUT
FOUNDATION, AND SUBJECT TO VARIATION AND CHANGE. ANY RATE EITHER PUBLIC OR
PRIVATE IS SUBJECT TO EXTREME VOLATILITY AT ANY TIME
VND international rate: $2.10 (this means when you present one dong they will pay you
$2.10 USD for each one)
The Dong is not of much interest to the USA so there is no market rate of which I am aware.
The USA is a bystander on the dong, so no incentive rates are offered as best I know. The USA
has said the dong will be treated as Ordinary Income for taxation purposes, but that is
inconsistent with how the dinar will be treated (capital gains, remember?) My CPA tells me
that it does not seem proper to treat two currencies in such different ways, but that is not my
area of expertise. So who knows? We shall need to wait to determine this one!
China, on the other hand, as a serious vested interest in the VND. So it is offering contract rates,
much as it is doing for the dinar. The motivation, however, is quite different. There are no oil
credits from Iraq associated with the Vietnamese dong. So it is about the multitude of dongs
that China holds and China's desire to see that stockpile worth a boatload of money. So "deals"
have been made to allow the dong to flourish.
China will offer two contract rates, as I recall. These rates are very old and not likely to have
remained the same, but here goes: (ALL RATES ARE FOR EXAMPLE ONLY AND PURELY
SPECULATION, WITHOUT FOUNDATION, AND SUBJECT TO VARIATION AND CHANGE. ANY RATE
EITHER PUBLIC OR PRIVATE IS SUBJECT TO EXTREME VOLATILITY AT ANY TIME)
China high contract rate: $6 US per dong
China low contract rate: $4 US per dong.
WHY THE TWO CONTRACT RATES? I honestly do not know. I do not think the USA has any
interest in offering one and I seriously doubt if there is any USA Tax incentive. Sorry to be
ignorant.
BTW: Someone asked me if I would buy Vietnamese dong at this late date. Of course! I bought
some at Chase bank and it arrived in only 2 days with no FedEx costs on top. It cost me $58 for a
million. That is less than a nice dinner out but with far reaching rewards possible.
LESSON 2: CHOOSING A BANK and ACCOUNTS
BANK TIERS:
Banks are classified very generally by two different criteria: 1) amount of money managed (or
deposited), and 2) services offered. There are "tiers" for each of these, which creates a good
deal of confusion to call both "tiers." But there you have it.
It so happens that these two criteria often track one another. For example, banks that provide
"services" like foreign exchange and wealth management typically are large enough to support
such activities so they have larger depositories as well. So it is a sort of 2-fer deal sometimes.
It is the Tier 1 SERVICE banks that are our target. Of course we do not ignore the advantage 1)
above gives us, but it is the Foreign Exchange (FE) service in particular that appeals to us at the
moment. We wish to seek out a bank that itself offers FE services. That means it operates its
own FE division or department where currencies are verified and funded, even if not every
branch has this function. This means personnel trained in FE work for this bank as employees.
That means the bank has a vested interest in making sure FE works right. I like that.
Some of such banks are the Big 4: Bank of America, Citigroup, Chase, Wells Fargo. USBank may
also offer these services in larger cities. HSBC offers them in San Francisco as best I know and I
think BNP Paribas offers them in New York.
Banks that do not themselves offer FE services normally contract with the banks that do.
However, that means that your dinar/dong will be in transit "inter-bank" via some
transportation means, which may open the door for some funny business. It also could mean
delays in crediting your account, from a few days to upwards of a week or so. In our case, Seller
beware.
Tier 2,3 and Community Banks

There are multiple banks that are not Tier 1 and are excellent banks. The safety of your deposit
should be utmost in your mind. Pick a local bank that has 4 or 5 star ratings. Check the internet
in your area by Googling "regional bank safety ratings [zipcode]." This returns pretty amazing
results that I was not expecting. A word of caution: One bank by a certain name in one area
(zip) may be highly rated, but the same named bank in another zip may have a much lesser
rating. This is because of past performance and likely the local management. So do your
homework. And BTW this includes the Tier 1 Big-4 banks as well! This also surprised me.
FDIC INSURED BANKS

As far as I am concerned this is all bogus hoopla. It is not worth a dime. The FDIC has 99 years to
pay you your money back, even the $250,000 insured amounts per signature on an account.
Next, only 6% of all FDIC deposits are actually insured. If there is a run on banks, do you really
think you will be in the 6%? Then you get to wait up to 99 years for it. So I recommend private
insurance if you are worried, or don't be using banks at all.
Here are alternatives to FDIC insurance: http://www.bankrate.com/finance/savings/6-ways-
to-insure-excess-deposits.aspx
BANK SERVICES:
As we've discussed FE is one important service. Another we might be interested in shortly is
wealth management services. This essentially allows you to invest in various instruments (Pay
attention:) offered by this bank, such as stocks, mutual funds, annuities, etc. So each bank has a
specific tailored set of instruments it offers, compensates it employees for selling, commissions
are normally paid to them, etc. So one must query whether such instruments:
are the best available on the open market

are selected based on the incentive to earn the commission or to put you in the right
instrument
are serviced by the most knowledgable individuals in such instruments
provide you with the most experienced possible persons, (or someone in training?)
what monthly charges will using said services impose? Are they fixed or dependent on the
balance managed?
My own personal objective is to find the very best wealth manager I can who has a proven
track record, is acting in my best interests and not their own, etc. I do not plan to use a bank for
such services. I'd rather pay someone for performance rather than selling to me. Each of you
will need to decide these matters for yourself.
CHOICE:
So your dilemma becomes what you want in your bank. Is it full service, one stop shopping? Is it
timeliness during the exchange process? Is it personalized service? Is it a full range of
comprehensive wealth products? Is it being recognized and acknowledged when you set foot
in the door?
If you know your objectives it'll make it more obvious which bank fulfills those objectives. Now
is the time to ferret out those decisions.
ACCOUNTS:
Once you have chosen your bank it is wise to have your accounts already opened before you try
to do your Currency Exchange (CE). Here are the accounts I recommend:
One account for dinars, due to different tax treatments
One account for dongs and all other non dinar currencies, due to different tax treatments
One account per currency type to sequester taxes for that dreadful day when your first
Estimated Tax payment is due (Sept 15, 2014 we hope!!) (This may become more clear when
we receive our packets for the RV from Tony et al. At one point the UST was going to track
your asset-backed funds ad infinitum but I understood on 7/25's call that Tony indicated
otherwise. Let's see if there is additional info on this. If you find it pls PM me and let me know
and I shall update this.)
I shall refer to 1&2 s the "mother lode" accounts. These accounts will hold all your disposable
proceeds from the CE, which is likely more money than any of us have ever seen. So here is my
plan:
A. Neither Mother Lode account will have any checks printed for it, not have online banking of
ANY kind, no credit or debit cards, no wiring allowed in or out, etc.
B. When I wish to access funds to move to "working accounts" where I do have checks printed,
etc. I will present myself in person to the bank and do a withdrawal and deposit into a separate
account.
C. I shall request that no low-level teller has access to the Mother Lode accounts. Only my
personal banker is allowed to access it at the bank.
D. I shall severely limit the signature authority on the Mother Lode accounts.
E. I shall evermore refuse any "special high roller credit cards" of any and all kinds forevermore.
These merely advertise to anyone who gets it that you have money and you have now blown
your cover of privacy. Ask yourself, "What would a waiter in a fancy restaurant do with a credit
a card against an account KNOWN to have hundreds of thousands of dollars in it?" duh.
F. The jury is still out for me on whether these Mother Lode accounts will be interest bearing
(IB). My dilemma is:
I'd like the minuscule income interest produces

I don't know if making them IB causes me to enter some kind of default contractual
agreement with the bank wherein I am the lender for the bank and permits the bank to
leverage MY money for their benefit and my detriment.
If non-IB accounts prohibit such usage.
These answers have not been easy to obtain, but it concerns me greatly.
Choosing a bank is a personal decision on many levels. Identify your objectives to help wade
through the morass of choices.
BANK CONTRACTS and FEES:

At one time we were told the banks would have contracts for us to sign that would specify a
percentage of the money that had to remain at the bank for some duration, such as 12 -24
months. I now think that has gone by the wayside and is replaced with a flat fee to be charged
by all banks. That fee is 2%, which is a whopping fee, and represents the profit the bank will
get, less the small fees due to the UST. So the 2% should be the total fees you will be charged,
payable to the bank out of the proceeds of the CE.
I do not feel shy about trying to negotiate this. I probably don't have enough dinar or dong to
sway a reduction in this policy but some of you might. It is worth the try.
LESSON 3: Your Appointment Updated 10/30/15
Making the Appointment

Once we get the 800 numbers from Tony it will mean the RV has finally happened. If you want
anything but the international rates for either dinar or dong you must call the 800 number to
make your appointment.
Info to have on hand for the call:

your name,
your zip code (i.e., zip code where you want to CE),
an email address, (see below)
the number of dinars AND dongs, AND ZIMs, etc you want to exchange,
and the bank you want to use (Chase, Wells, TCB, USBank, etc.).
Dial *67 before calling the 800 number to block your telephone number from the call center.
ADDITIONAL INFO ABOUT APPOINTMENTS:

Each and every adult exchanging dinars will need their own private appointment,
although married couples may possibly go together. You are permitted to bring an advisor with
you. You may not bring someone along who intends to exchange their dinar at your
appointment and pretend they are your advisor. If you have an LLC into which you are
exchanging, that is a new and separate name and requires its own appointment as I understand
it.
The zip code you provide is the zip where you wish to exchange. If you are on vacation
you likely will not use the zip code of your residence, but where you happen to be on vacation,
or the zip code in a neighboring town where you'd rather have your personal business known
instead of at home. Whatever your reason, provide the zip of where you want to exchange.
Your email address should be one that you will delete immediately after the exchange.
The bank will want to keep in touch with you and be paid to sell your information to whomever
is willing to pay. So protect yourself now.
You need to give the number of dinars AND dongs, etc you have to exchange. We may get
other instructions with the package that you need separate appointments for different
currencies, but have the info tidy and available to "go with the flow" on the call if needed. If
you and a spouse or child are splitting the dinars give the number you want to exchange at THIS
appointment. There was some concern about only one appointment ever, but I think the UST
has relented on that, but the full package will explain that definitively I am hoping. TO be safe
you should probably report the maximum you might exchange so you are given to the proper
level bank. (Not every branch has the same limits). We know nothing about CE Centers or if
they even exist!
There are caps to get contract rates: 20M dinars, 50Mdongs, $500M US $ in exchanged
ZIMs. I am unaware of caps at the international or market rates. Contract rates are still
available and available to more people than Tony ever thought possible! Beyond these caps
you will only get the market (or international) rate; beyond the $500M for the Zim you will get a
structured payout. (MY OPINION: Plan ahead and just give those ZIM above the $500M away
so someone else benefits upfront.)
BE prepared to provide a phone number if asked, but I advise you to give a throw-away
phone number to protect your privacy.
Write down the appointment time, place, address, date. Verify it back to the agent. Then
put it in your cell phone calendar, post on your fridge, put up signs so you do not miss it!
PREPARING FOR THE APPOINTMENT: DOCUMENTS, ACCOUNTS, ETC.

2 picture IDS, one being a passport or other proof of citizenship should you be asked. A
birth certificate could also work. YOu still need 2 picture IDs.
Your bundles of dinar and dong, etc. I suggest you bundle them by type of currency,
where obtained (bring your Certificates of Authenticity if you acquired them from a dealer such
as Sterling, a receipt if from a bank or FOREX, etc.) You do not need your gift letter; that is for
the IRS to substantiate the date upon which you acquired the currency. I advise you to label
each bundle, the amount of currency within, and ID each bundle. I used an Excel spreadsheet
showing the "packet ID" (my made up ID to reference my spreadsheet line), proper number of
currency type (e.g., 1 25000 dinar note or "50,000d #5-10,000 dinar notes"), when acquired,
from where, what bank it is going to and the account number into which it goes, and what that
account is for in the future (i.e., taxes, paying off bills, conservative investment, Mother Lode,
charitable trust, etc.).
Blue pen so your signature on paperwork is identifiable as original
a calculator
Paper
Reading glasses if you use them
The amount of cash you want to walk out of the bank with. I advise against $9,999
because it is not likely the bank will be able to have so much hard cash on hand, even if they are
anticipating a huge demand. Be more realistic. Maybe $1000 will do?
IF you plan to CE into a business entity, gather the documents showing the legal name, tax
ID, letters of incorporation. (I suggest opening the accounts prior to the appointment.)
Put all this into some kind of envelope or carrier. I used a Fed Ex envelope because I had one
handy. Some of you may need a briefcase! God bless you!
I advise against getting cashier's checks at the time of your Currency Exchange. Just complete
the CE and get all your receipts organized. Getting cashier's checks is a usual trip to the bank.
TO DO before Your Appointment but after making it

Drive to the appointment site to check routes, timing, parking, etc.
Get online and find out what the rates are internationally on FOREX, Oanda.com, CBI, etc.
so you are prepared.
Call your chosen bank and ask their Foreign Exchange department what the contract rates
are for US and China for dinar and China for dong, etc, both high and low. Then ask these
questions:
Ask the bank if there will be a bank contract to sign and if you can see it ahead of time to
study it.
Ask what the fee will be.
Ask what the rates you will be offered will be. Know what to expect and press the bank
for the highest one you have heard about in the package info. Get their name and note the
date and time you obtained the info.

Make some decisions:
Will you take an advisor with you? (You shouldn't really need one. THis person canNOT
CE their own currencies at this appointment.)
Will you take a higher rate in exchange for your leaving a percentage of your money with
the bank for 6 months, 1 yr, or 2 yrs? The rates may go up by $1 per dinar for each of those
time thresholds and the percentage amounts may change as well. KNOW what you'll do and
what is acceptable to you.
At what level of $ per dinar will the NDA be worth it to you to take the contract rate?
Do you need any "Proof of Funds" letters? If so in what denominations and how many?
Remember you can move money to an account with checks and just pay things off via
check. I HIGHLY recommend that you have one account that you call the Mother Lode account
where most of your funds are kept; this account will have NO internet access, limited teller
access, no checks, etc. Then you move funds to other accounts that do have printed checks
and from here you pay off mortgages, student loans, etc from this secondary account. You can
track all movements of funds from the Mother Lode to where and for what purpose historically.
Do you want to add "all rights reserved without prejudice" above your signature?
Research that now and decide.
Know if you will allow your currency to leave your sight and under what circumstances.
Do you need a signed receipt by teller and manager or is teller sufficient? Will the receipt
indicate how many dinars and dongs?
Try to think about all the things that might come up.
ABOUT SIGNING FORMS

I am worried about all the forms they want me to sign and they normally do it all
electronically now. They shove the screen in front of you and say, "Sign here. It just says you are
who you say you are." I do not believe a word of it! I ask for a printout of what I am to sign, I
read every word, THEN I have them initial each and every page and to certify in writing that my
printout is indeed what I am signing electronically. Only THEN do I sign the paperwork and then
I instruct them to copy it for themselves and for me, duly signed by both sides.
REHEARSE WHAT YOU'LL SAY DURING CE:

Rehearse what you will say during your CE. Do it in front of a mirror to practice looking
professional and "worthy."
Practice asking for the contract rate, asking to see their screens, asking for a printout of
this screen as a kind of guarantee of a rate; do not be taken in by the bewilderment of your
teller, nor let them run off for several minutes; ask for them to printout the screen, give it to
you, THEN run off if necessary.
KNOW what you will do if they tell you they are sending your currency away for a week
and KNOW what your response will be.
KNOW what you will do if they say their rate is $X and you expected twice that ($2X).
PLAN FOR THE EVENT:

Plan what you will wear to the appointment and make sure it is at the ready (cleaned,
pressed, etc.) down to the color of socks and jewelry.
Make an appointment with your CPA, tax attorney, and wealth manager.
Practice your words and calmness. Behave with dignity but be firm. This is not the time
for humor or jokes, but it IS the time for premeditated action.
Make up a story for how you came to have money to tell "the world." It can be anything
but the truth! "I had a long term investment that finally came through" is simple enough.
Put that bottle of champagne into the fridge!
The APPOINTMENT ITSELF

Give yourself plenty of time to get ready.
Take your prepared envelope or briefcase with packets, account numbers, pen, calculator,
IDs, glasses, etc
Show up well ahead of the appointed hour to accommodate traffic, parking, moments to
gather yourself, say a little prayer, etc.
Practice being gracious and look like you know how to have money.
BE specific:
"I am here to do a currency exchange for my Iraqi dinars and Vietnamese Dongs"
"Would you be kind enough to give me the IQD rate and then the IQN rate so I know
which one I want. Similarly with the VND and VNN." Write this info down on the paper you
brought. You are looking for a rate, for example, for the dinar of $3.91 dollars per dinar (1 dinar
"PER DINAR" yields $3.91 dollars) Ask them to quote how many dollars per dinar. The dinar
per dollar quote in this case would be $.25575 (1 dollar yields about a quarter of a dinar,
$.25575 dinar.) FYI: Currently the dollars per dinar are .000857 meaning one dinar "PER DINAR"
gives you less than one US penny; currently the dinar per dollar rate is 1166, or 1 US$ yields
1166 dinars. We are looking for this rate to become fractional as in $.25557. This means the
dinar per dollar must MOVE from in the thousands down to one:one, then to a fractional
representation so that a dollar buys LESS than one dinar. THEN we'll have a ReValuation RV!!!
PM me if you still do not GET this.
Verify the rate at which you will be transacting. Ask to see the screen to see if there are
higher rates available and ask for one if you see it!
Summarize what you plan to do: "Please give me all of the account balance in cash (or
cashier's check) and a receipt showing a $0 balance for these accounts." (present the list of
accounts) Use multiple accounts so you do not mix asset-backed funds with non-asset-backed
funds in case this becomes important, i.e. Dinars go into a different account from dongs, etc.
There is info that only the dinar currency needs to be isolated.
"Then we will do the CE. Then I want a receipt after the CE showing the new balance in
each of my accounts please."
"I have a list of accounts here where I will be depositing these funds. How do you wish to
proceed?"
Be clear and concise.

Take your time. Do NOT let them rush you through one of the most important business
meetings you will ever have. Be patient, calm, controlled, and firm, just as you rehearsed.
Read absolutely everything in its entirety before signing it.
You will likely be given an NDA if you are taking the contract rate. Ask for a copy and
stand there and read it carefully. Ask questions if necessary. Get them to sign & date the copy
you will keep. Then and only then should you sign the NDA. God willing we will see a copy
ahead of time after the package is released.
Ask for a copy of everything else you have signed at the exchange.
Don't forget your copy of every receipt of each transaction that has occurred.
Then go home and open that champagne and welcome to your life of silence! Say a prayer of
thanksgiving, for guidance, and for Tony and DC & their gang.
(Fixed error for how many dinar/dongs may be exchanged with contract rates. Added how to
ask for the rate. )
LESSON 4: Taxation Considerations
TAX BASICS EVERYONE SHOULD KNOW

Many of you have done your own taxes until now. Many have never done taxes. Many only do a
short form 1040A. That is about to change for most in this forum. WE all need a CPA and
possibly a tax attorney and an estate attorney (sometimes you can get lucky and find one
attorney with both sets of knowledge, but that should not be your objective.) I can only
address US taxes because it is all I know, sorry internationals.
There are some things about taxes we all must know to be responsible citizens. Even if you hire
an accountant it is ultimately you who are on the line signing those tax forms. It behooves us all
to understand the basics so we know when things could be amiss. The IRS is not very forgiving.
even though it is an asymmetric system.
Federal Income Types

The IRS broadly categorizes taxes based on Earned Income and Other Income.
Earned income is usually from a job, self employment, an LLC you actively manage, etc. In
other words it is income you obtain in exchange for your time and expertise. You will pay not
only income tax on this income but social security tax as well. THis is sometimes also called
Ordinary Income.
Other income encompasses sources like interest income, dividend income, capital gains
income, gambling winnings, etc. It is all those things you get 1099 income statements for. You
will pay income tax at a different rate from the earned income rate.
Capital gains are further divided into categories based on the length of time you have held
the asset in your possession or gained full ownership (as in stocks held through a broker for
example.) Short term capital gains are those held for less than 365 days. Long term capital
gains are held more than 365 days. If you received your dinar or dong as a gift here is where the
delivery of the gift becomes important.
In addition to differing rates on various types of income, there is a surcharge called the
Obamacare tax that begins after your annual income exceeds $250,000 and it is a 3.8% tax. The
tax rates can change frequently so they are a moving target sometimes. Many new tax rates
were introduced starting in 2014. Some of these are the dividends rate, the long term capital
gains rate, etc. Go to IRS.GOV and search for 2014 rates for the latest. Keep in mind that the
rates can change as late as April of 2015 for 2014 taxes.
State Income Types

Most states do not want to bother with the complexities of devising their own complete
systems, so they allow a taxpayer to extract bottom line numbers from the federal 1040 and
associated forms and put them directly onto the state forms. Not ALL states do this, however,
so beware of pitfalls. This is one reason why you need a local CPA.
TAX Due Dates

Generally your tax liability as an individual is due on April 15 following the tax year ending Dec
31. (YEs, you can have a different tax year, but then you already know the basics, so skip
forward.) Note that I said TAX LIABILITY. Your taxes are due April 15 normally, but you can
extend the filing of the forms until Oct 15 of the same year. However, you may NOT extend
your tax liability. That means your tax payment is due on April 15. (Again, there are some weird
exceptions, but let's just stay with the norm and basics.) Again, your taxes are due in full on
April 15. Make a mental note as that is when the tax penalties begin and they are compounded
monthly. It can turn into a real disaster in short order, so it is wise not to miss April 15.
ESTIMATED Taxes
The Federal government has discovered that many times people who owe a lot of tax do not
have the money to pay it when April 15 rolls around. This is targeted at self-employed people,
corporates and people with large "other incomes" where withholding is not done automatically
throughout the year as it is for wages. It is not an easy call as the rules are.... guess what!? ...
complicated! If you choose not to pay partial payments through Estimated Taxes approximately
quarterly, you will be penalized and penalized heavily.
But you can go here and read all about it from the horse's own mouth.
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Estimated-Taxes Here is an
excerpt from that site regarding how much you have to pay in estimated taxes:
Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after
subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current
year, or 100% of the tax shown on the return for the prior year, whichever is smaller.
Again, the tax liability will be so large for most of us that consulting a CPA is strongly advised.
OR you can just send in 50% of the proceeds. You probably will have overpaid, but there
won't be a surprise penalty and you'll get the overpayment back after you file your final taxes
April 15. These rules are onerous but a professional can help you. The IRS is not the one to
choose to tangle with. Hire a CPA please.
The dates Estimated taxes are due are generally April 15, June 15, Sept 15, and Jan 15. There
are penalties if enough is not paid per quarter. Note the dates are not evenly spaced. Of
course there are other dates if these dates fall on a Saturday or Sunday.
And do not forget the States normally have estimated tax payments due as well. THis is
another reason you need a CPA if all this is news to you. If you follow nothing else, please get a
CPA. BUT the silver lining, especially for Californians, is that the state tax you pay is deductible
on the federal tax forms. SO be sure to pay the state tax, then deduct it from your total
proceeds, then deduct your charitable contrbutions, then compute your federal tax, actual or
estimated (pls pay 50%). CPAs know this kind of stuff, which is another reason you need one!
LOL
TAX RATES ON RV
There have been lingering rumors on tax rates, but nothing is in stone and or even in writing at
this point. The safest thing is to hope for the capital gains rates BUT put aside 50%-55% to pay
that estimated tax in SEPT depending on the state of residence at the time of exchange. A
separate account may add more certainty you can pay the tax man and not be caught short.
Rumors once said that if you take the lower contract rate the tax rate would be half of what it
normally is for capital gains (whichever applies to you). If you take the higher contract rate the
tax rate is as in the tax code. This could be very attractive to you. BUT this is all hearsay and it
could change at any moment. If you take the worst case 50% scenario you won't be caught
without funds to pay the tax as that would be an unmitigated disaster for you. Once you file
your taxes in April 2015 you will get a refund if you have overpaid. That should be incentive to
file on time!
TAXES, NDA, and RECEIPTS

On 7/30's call we learned that the IRS will require a receipt showing when your dinar in
particular was purchased. IF you cannot produce one they will assume it was purchased within
the last 12 months, making it a Short Term Capital gain. So to preserve your most advantageous
type of capital gain tax rate (long term) make sure you have some record to substantiate the
purchase date. Regarding your gifts, according to the IRS, a gift is considered given when the
recipient takes possession of it. So a transmittal document that is notarized would be a good
record of when constructive ownership has occurred. Hopefully you have all done this. Now is
the time to gather all the receipts, organize them, scan them into your computer, or go make
copies of them and annotate them.
If you bought your dinar in early Aug 2013 you might want to wait to do your CE so you qualify
for the Long Term Capital Gains rate of only 23.8% instead of the 43.8% short term rate. Check
your receipt.
We also learned that every professional you will hire to assist you with your newfound windfall
will need to sign an NDA. Supposedly, the package will have such an NDA in it which you can
copy and use to have your CPA, your tax attorney, and your tax advisors all sign. Otherwise
your hands are tied and you cannot speak with them. We will need to await the package to find
out what's in it (like Pelosi instructed us on Obamacare).
Charitable DEDUCTIONS
In general you add up all your income, subtract your deductions, come up with an Adjusted
Gross Income (AGI) then you start calculating taxes based on other info in your tax portfolio.
It is my sincerest hope that each of you will be paying it forward somehow. IMO the best choice
is a donor-directed fund, which can manifest as a Community Trust where the donation
becomes "donor advised." http://www.irs.gov/pub/irs-tege/eotopicm96.pdf The IRS
condones these. It means you get to decide where the money goes each year, but you get the
tax benefit this year when you have the income.
To summarize you get the write-off for the entire charitable donation in the year you make it.
That is perfect for us because we will have a big spike in income this year and a much smaller
one next year most likely. TO deduct anything off your taxes you must have INCOME to deduct
it from. This year you will, next year? maybe not.
So a wise taxpayer will get a big spike in income in 2014, then send a 10-15% chunk off to a
Donor-Directed Fund, deduct that amount off your taxable income, and THEN start to calculate
taxes owed.
For example, let us assume simple numbers. Let's assume somebody is going to get
$10,000,000 from a dinar exchange and they bought the dinar 6 months ago and they are
married. That means short term capital gains applies. As of 2013 the short term capital gains tax
rate equals ordinary income tax rates.
Here are the seven tax brackets for tax year 2013: (2014 is still being tinkered with)
Tax Rate
Single
Married Filing Jointly, or Qualifying Widow
Married filing separately
Head of Household
10%
< $8,925
< $17,850
< $8,925
< $12,750
15%
$8,926 to $36,250
$17,851 to $72,500
$8,926 to $36,250
$12,751 to $48,600
25%
$36,251 to $87,850
$72,501 to $146,400
$36,251 to $73,200
$48,601 to $125,450
28%
$87,851 to $183,250
$146,401 to $223,050
$73,201 to $111,525
$125,451 to $203,150
33%
$183,251 to $398,350
$223,051 to $398,350
$111,526 to $199,175
$203,151 to $398,350
35%
$398,351 to $400,000
$398,351 to $450,000
$199,176 to $225,000
$398,351 to $425,000
39.6%
> $400,001
> $450,001
> $225,001
> $425,001
So clearly the income is found on the last line, the 39.6% rate. So on $10,000,000 the tax owed
is about 35% of $450,000 or $157,500 PLUS 39.6% on $9,550,000 = $3,781,800. This totals
#3,939,300 tax. (note the tax is slightly less than this because of all the lower brackets, but this
is just an example.) That leaves you $6,060,700 after Federal tax. Remember there is also state
tax that comes out of this.
Now consider that you first pay 10% to a donor-directed charity so you can choose each year
where to contribute and to how many places. Now you only have $9,000,000 to pay tax on
because the $1M gift is deductible in its entirety. SO. 35% of 450,000 is the same $157,500.
Now the tax is on $8,550,000 at 39.6% is $3,385,800 for a total of $3,542,800 tax. You net
$5,457,600. Your $1M charity contribution only cost you $503,500.
What if you gave 15% instead? The $157,500 stands. Now you pay 39.6% on $8,050,000=
$3,187,800. Your total tax is $3,345,300 and your after tax money is now $5,154,700. So by
giving away $1,500,000 to start your contribution cost you $900,000.
This does not consider the Obama tax of 3.8% additional, nor any state taxes. Bottom line? You
can give away a substantial amount of money in perpetuity upfront and it saves you taxes while
it benefits others. Please NOTE that if you were to try to donate this money in 2015 instead,
you will not likely get the deduction because there may not be income to balance it against, so
you would lose it by default. So 2014 is the right time to do this.
Donor-Advised FUND
I know of a Community Trust (Pikes Peak Community Fund) where they pay to whomever you
wish, even international charities, and the destinations can be multiples and change annually.
You are required to give 5% a year. The Trust invests the rest and the yield is used to cover your
5% a year so you may have set up an charitable investment to last in perpetuity. They charge a
1% fee out of the money you donated per year and they do all the tax forms for you regarding
this. After a fair amount of research this is the best deal all around in my opinion.
Where your treasure is there your heart will be.
Charitable tax Considerations

Because the tax rate on the dong is always at ordinary income rates as best we know now, the
best place to make a charitable contribution is out of the dong proceeds. The dinar is to be
taxed (supposedly) at capital gains rates or fractions thereof, so there is less tax advantage for
the charity to come from these proceeds, particularly if you fall into the long term cap gains
rates.
Remember, that the state taxes come off as a deduction before you compute your Federal tax,
just as charitable contributions do. See last paragraph just above TAX RATES FOR RV for edits.
At least Californians get some little break!
LESSON 5: Protections
Caveat:
We self divide into groups that have different objectives. Mine are privacy, freedom, safety, and
future both here and afterlife. This is necessarily colored by my life experiences, my expertise,
and my personality. So I want to be upfront about that. I am not a professional financial advisor
or attorney. I am just a nerd.
OVERVIEW:
There are multiples levels of protections you will need.
Personal/Physical: Your family, home, privacy

Electronic: online hackers, internet trollers, identity thieves, etc
From obvious predators: Thieves, moochers, sales people, politicians, telemarketers, bankers,
even various charities, etc. In short these are people who see you as an easy mark to hit up for
money.
From Lurking Predators: The would-be victims, people looking to punish you because you are
rich and they are owed, victims who sue for a living, party people looking for a sugar daddy, the
gold digger deceivers who marry for money, in short the ambulance chaser mentality.
Your personality will dictate further protections that may be needed.
PERSONAL/PHYSICAL:
Anonymity is one of the best forms of protection.
Protect your Home & Family
Get a security system. Expensive does not mean the best, but it could. As a nerd I know how
"stuff works" behind the scenes and this colors my view considerably, that's a caveat. It all
comes down to either electrical currents or ones and zeros. Study various systems available and
choose one that is the safest for assorted reasons. Simply Safe, as an example, builds a system
based on a wireless LAN of sorts. There are no wires a thief can cut, no wires to install, no
limitations on positions or placement, no outside workers invited into your home, etc. It
maintains connectivity to a central location via a dedicated cell phone system rather than a
landline, which could be disabled by the experienced thief. This makes it suitable for owned
homes, rented homes, apartments, etc. It goes with you when you move totally easily. It is thus
good for college students in a dorm situation, kids in their first apartments, the elderly, etc. The
monitoring is even optional. On the other end of the spectrum you can get crazy and run wires
everywhere and spend big bucks. It is all a matter of your life experiences, expertise, and
objectives.
Get a Distant Mailbox. Pay for a new version of Post Office boxes, one with a street address
and a suite number (i.e. the box humber). They cost about $12-15 a month and sign for
packages, etc. Use this for any communication except personal. Choose one easy for you to get
to so you will actually pick up your mail occasionally.
Get a burner phone. Why? There are no contracts, no records by cell companies, it prohibits
even NSA monitoring that can be traced to you! You get to be anonymous. Trac Phone is an
example sold at Target and Wal-Mart. You buy minutes as you need them. Use this phone
number anytime you must provide one.
Have Self Defense. Why? The police will not get to you in time in most cases. Maybe it is a
bat, a gun, pepper spray, a bug bomb, etc. But have something by your bed and near your
kitchen, the two places you spend a lot of time. But have something!
BUY Kidnap and Ransom insurance if you have more than $1M in assets (just a threshold I
made up.) A bit more is in GOLD DIGGER section at the end.
Get a safe INSTALLED. WHY? It is the perfect place to stash cash, gold, jewelry, guns,
important life-papers, computer backups, etc. Have it bolted to floors and walls. Make it big
and heavy.
Set up an LLC. WHY? You can use the anonymity of that LLC to do charitable and political
contributions for one thing. For another it sets up a shield of economic protection against
lawsuits; the plaintiff can only go after assets in the LLC not you personally. That is huge. People
own cars in LLC for that reason. People own houses in an LLC name for that reason. YOU get the
picture.
Go to your state's website and search for LLC. They normally let you do it online. Once it is set
up you go to the IRS site and get a tax id (specify you want the LLC to be a "disregarded entity"
and you only need to file a Schedule C on your taxes. Now that money is not the object this may
not be so important. Check with your professionals.) NOW the LLC has its very own ID, like a
social security number, but it is not tagged to Y-O-U.
Be sure to use the Distant Mailbox and burner phone number! Y-O-U are not easy to connect
to this LLC then.
Protect yourself electronically
Online. Do not post pictures of yourself or family on public sites. You would be AMAZED and
awe-stricken by the facial & voice recognition software available today. There are also web-
crawlers that can use an image to go seek other images throughout the internet, then start
putting addresses and phone numbers with them. There truly are evil people out there and you
must protect yourself. It comes from vigilance and a little common sense.
Don't use online banking except from a home LAN that is protected. Even then it is unwise.
NEVER access your online banking systems in a public WI-FI environment, even a password
protected one, in a hotel, or library, etc. NEVER.
Banks: Manage your bank accounts by moving money at the bank not online.
Debit Cards: Maintain VERY limited funds in a debit card-accessed account. Isolate this
account if you must have it. Make it self standing and not part of any other portfolio accounts
you may have. When you set it up use your Distant Mailbox, above, and your burner phone.
Some people refuse to have one.
ATMs. Yes there are times you must use one. Be more responsible and don't go for $20
everyday. Instead, get a weekly amount in cash and use that for everyday small purchases.
Choose a secure one, not one in a mall. There are remarkable devices that can be inserted into
ATMs that read your card, capture your PIN, then BINGO, your money is a goner. Cash is not
traceable. We have entered a very monitored system as citizens. You can opt out by using cash.
You can even go to the bank (!!) and make a withdrawal for this weekly money, or keep a
month's supply in a home safe. My ones and zeros expertise guide me to avoid ATMs and any
sort of electronic banking.
Credit Cards. Set up one that you use exclusively if you do ANY online purchasing, which I also
discourage BTW. THis card should use your new Distant Mailbox and Burner phone and should
have limited money in the account. Online sites: Avoid those that keep your records, such as
Ebay, PayPal, opt out of "joining any site" where they keep your information; remain a guest
though it is inconvenient. Avoid Facebook with your real identity. If you do use it go to the
SETTINGS and opt out of absolutely everything public; the default is completely public so
anybody can see everything even if you do not so intend.
Watch what sites you frequent. It is not hard to physically locate an internet user for anyone
with proper knowledge of how the internet works internally. And it is not complex really. Some
sites are notorious, such as Yahoo.
Be aware of all the sites hacked in the past year alone: Target, Ebay, Chase credit card
division, the IRS, Home Depot, Obamacare, countless others, etc. Remember Snowden. All the
consolidation of data is not necessarily a good thing.
Mother Lode account: (see Lesson 2, Choosing a bank if you don't know what this is.) It is
worth repeating that this account must not have electronic banking associated with it.
Absolutely no debit card (your PIN is only 4 digits, it is entered in countless places, any idiot
can figure it out!there are only 10,000 possibilities that an iPhone can run thru in an instant).
Abso-positively-freeking NO debit card.
No credit card. While they are marginally safer, they open this account to multiple
vulnerabilities. This is your Once-In-a Lifetime stash. Protect it with all you've got.
No pre-printed checks. This advertises to anybody you write a check to all the info to access
the account, even the routing number! be smart.
PROTECTION FROM PREDATORS ( the not-evil ones, the annoying ones):
Anonymity is one of the best forms of protection.
Location and Connectivity
Use your Distant Mailbox: Direct them to a different physical location for their house-to-
house sales calls AND all their junk mail. Be sure to use this for politicians as they are the worst;
they routinely pass laws then exempt themselves from them. And they sell your name and
contact info to anybody with a dime.
Use your burner phone: For all the same reasons. I helped design multiple call center
internals and I hate telemarketer calls! There are tricks to fool the autodialers, but the best
protections for landlines in cue they still have that number are:
Have an answering machine to screen your calls, meaning you never answer your phone.
Pause in your recorded message after, "Hello (or Good day)." for about 2 seconds. It causes
autodialers to route the call to the next agent. Then they get to hear the rest of your message.
It also fools people who call you though.
Have a listed phone number that you give out to everybody.
Have another phone number you pay extra for that has distinctive ringing and that you only
give to your family or friends.
"Additional Services"
Most companies we do business with these days have OPT OUT requests, but of course they
make it difficult to do sometimes. But take the time to do it. Otherwise you give them
permission to sell your name and ALL ACCOUNT information to all their affiliates, subsidiaries,
third parties (whatever the heck that means!! ...the net just gets larger), etc. Big holding
companies maintain huge databases and we have no idea how much information is in those.
OPT OUT OF IT ALL.
Banks are notorious because they have a consumer division and a commercial division. The
difference is we are the consumers and we need checking and savings accounts. BUT
somewhere along the way under assorted deregulation laws banks may now be in the financial
services industry, i.e. the brokerage and stock business. That is the commercial division. Banks
historically have a lot of consumer expertise. Commercial? mmmm not so much in general.
Even commercial financial institutions have not fared so well of late. Remember Lehmann
Brothers, Merrill Lynch, and the whole Wall Street debacle? yeah. Well, buyer beware. If their
primary purpose is to manage funds and they lose them can you imagine what they are doing
with IT (Information Technology) when it is not "their bailiwick?"
Insurance companies are another source of invasion of privacy. They have all sorts of info on
you, like what special add-ons on your homeowners policy you have for that jewelry or artwork,
or antiques or the whatevers you treasure. Then of course they sell that information to the
highest bidder and all "affiliates, third parties, etc." again. Is it any wonder we have identity
theft? OPT OUT OF IT ALL EVERY CHANCE YOU GET.
Charities are among the worst sellers of your information. Charities make a lot of money by
selling their lists to "other affiliates and third parties" (those guys again!) I have quit donating
in my name for this reason.
Use the LLC to make donations

Better yet donate to a Donor-Directed charity once and let THEM do your donations. It gives
you another layer of privacy and anonymity. (See Lesson 4 on Taxation)
Politicians: Ditto for the Charity advice. NEVER donate another dime to politicians in your own
name. BUT do support your causes please.
(Recreation tip for the slightly demented: Do a small donation to some politician or charity
using a version of your name, like SJ Smith when your name is James Samuel Smith. Then trace
it and see how many letters show up over the next 4 months addressed to SJ. This will prove
the major industry of selling contact lists.) Old people get into too much mischief!
PROTECTION FROM LURKING PREDATORS (the evil ones):

Anonymity is one of the best forms of protection. These are the people who basically want to
sue you because they tripped over a rug in your house, you opened your car door and barely hit
their car parked next, or just because, etc.
SUE-Happy people
Use your Distant Mailbox

Use your burner phone
Use your LLC to own cars and houses
Insure yourself to the hilt.
Get an umbrella policy for $5M that really does cover almost everything.
Up your car insurance a bit too to liability limits of $2M.
Up the liability insurance on your home(s).
The gold diggers (may also include long-lost relatives)

There will alway be opportunists. They are the ones that marry for money not love. They marry
the old guy or gal in hopes they kick the bucket soon. We won't change them, but we can avoid
them.
Don't flaunt your money

Rent fancy cars if you want for the first year (a different one every weekend or month), but
don't buy one right away if you are single. A small BMW is fine but not a Bentley!
Dont' buy rounds of drinks in a bar for strangers
Don't wear fancy watches to advertise your wealth
Find a soul mate that loves you first for YOU then introduce the idea of a Pre-nuptial
agreement before the BIG day. Divorce is one of the costliest endeavors man has created.
Protect yourself. "Sole and separate property" is a really good thing to research and
understand, particularly in community property states.
Buy some K&R Insurance. {Thanks to BTBA for this!) It is Kidnap and Ransom insurance. Any
good wealth manager should know about this. K & R Insurance - Kidnap and Ransom. It is
available many places, among them Prudential and Abbot Downing, the wealth management
part of Wells Fargo.
LESSON 6: Leaving the Workplace
Caveat:
I am not a professional in anything that matters on this site not financial manager, not
attorney, not CPA, etc. I merely offer opinions or summaries.
Is Your Future Solid Financially?

It takes far more to retire than one might expect. Over time inflation takes a big bite out of an
income stream. IF ( not likely) our inflation rate remains at about 3% a year then in 20 years
your buying power is only one third what it is today. That is not going to cut it. You can plan
your own retirement or get a professional. Either way you need LOTS more than one 25K dinar
note will yield. IF you do not believe this, ask a grandparent how they have fared over time.
So don't quit that job without a replacement income stream. Make sure you have replaced the
income flow BEFORE TAXES and that it is flowing regularly. This will take a few months or a
quarter at least. Don't forget to include:
Healthcare benefits
Retirement matching funds contributions
stock options
paid vacation time
Healthcare savings account contributions
Education benefits
There are many sites that will help you calculate what you need. Just google Retirement
planning calculator. An easy one is found at BANKRATE.COM.
Where Will You Spend Time?

What do you plan to do with all your spare time? Getting up, working out, eating get old and
boring after a while. Have a plan. Spend time developing it.
Your TO DO list before Resigning:
Move your 401K to an IRA. That takes both time and effort to set up and make happen.
Shop for new healthcare coverage. You need it and it isn't cheap. And the new rules make it
harder to find it except in "the enrollment periods."
Give up to 3 weeks notice, depending on your position and job. The others aren't leaving so
don't make it harder on them that you are.
Make sure this CE is done, signed, sealed, and delivered. Make sure you have positioned it
for the replacement income stream and that you have verified it works and is totally in place.
If you are young you need to set up a retirement plan. That means that some money needs
to be set aside so it grows conservatively and steadily so if anything goes belly up you will still
be able to retire and not need to return to the work force when you are 54.
LESSON 7: WEALTH MANAGEMENT Updated 8/1 13:40
Permalink
7/30: The formatting was SO messed up on this one. Sorry. It looks fine in edit mode then
redoes it to post. So sorry! it is frustrating me.
8/1/14: 4ABBA has added some excellent advice Ive copied below that you may find
instructional.
LESSON 7: WEALTH MANAGEMENT
CAVEAT: THe information is my own personal opinion. I am not a professional in this area, so
please hire one to suit your needs.
While I appreciate that you need to hire somebody, you bear responsibility to be an educated
person to converse intelligently with your new professional. It is only the fool who would hand
all their assets off to a wealth manager without understanding what he is or is not doing for
you. And this fool deserves to lose all their money in two years.
This is a huge area that is not easy to simplify or boil down. There are thousands of books out
there. This is a synthesis of much studying, experience, and school of hard knocks, so it is not
footnoted. IF there are professionals in this area who wish me to include something, pls PM
me.
BASIC TERMINOLOGY FOR THE NEWLY INITIATED (there are many more nuances, but let's stick
to basics):
Instrument: any investment that is legal & is normally essentially a legal document and
contract. An instrument can be a stock, bond, annuity, mutual fund, and others. A promissory
note is an instrument that is merely a contract but it is usually secured (i.e., rests on some
tangible asset like a car, a house, real estate, etc.), but not always!
(a loan to a family member may be a promissory note, but it is all hope and good will. And
BTW, ANY such loan should be a simple promissory note that gets notarized and signed by the
parties. This is business and you must do it legally and properly, not just open your wallet and
drop $1000 into a cousin's hands. Learn to be a business person). [TNT does not get my
indents, so I am trying shades of gray to emphasize indentation. I hope it works! lol)
Security: An instrument that has SEC approval (see next). This gets us into regulation law and
securities law both for the USA and each state, so it is a huge area!
SEC (Securities & Exchange COmmission): a USA governmental agency intended to license
and regulate the industry against fraud, etc. From its website: Our mission "is to protect
investors, maintain fair, orderly, and efficient markets, and facilitate capital formation."
Remember Bernie Madoff? Well it was the SEC who brought him down. Bernie's investors had
a legal instrument that was indeed registered with the SEC as I recall it, but he did not comply
with SEC regulations. That's what got him in trouble.
Paper assets: Those which are effectively a contract or agreement and you cannot touch the
asset. There are two large categories of paper assets: Secured and unsecured. Unsecured are
things like a stock, a bond, a Mutual Fund, and ETD, etc. A secured asset is one that has some
tangible value behind it. A promissory note against real estate is an example. Normally secured
assets have priority over unsecured assets in a liquidation situation (when a company goes
bankrupt.) TO clarify the concept think of fiat currency and asset-backed currency.
Stock: a small share of a company's equity, i.e. its calculated value, or worth or assetsBasis:
what you paid for something, less costs to do so (such as transaction fees)
Mutual Funds: a group of stocks put together (legally) and managed by Wall Street typically
that allow you to spread your investment over many companies instead of exposure to only
one. The cost of a MF is most often determined nightly by calculating its Net Asset Value (NAV)
and that will be the price tomorrow on the market. Many companies in a MF pay dividends.
These are normally reinvested, which adds to your basis. Something most people miss is that
you must keep records of this or when you sell you only get your original basis and not all the
dividend add-ons. This is a more advanced topic, but it is important enough for this audience to
realize and be prepared to ask questions about this point. It could be HUGE for us in coming
years. Who wants to pay tax twice because these dividends are taxed in the year you earn them
via a 1099-B issued to you annually by the MF company (that is Mutual Fund!) and again when
you sell if you don't keep good records.
ETF: Exchange Traded Funds. THese are also offered by many brokerage companies or by the
trading exchangesBonds: a small share of a corporation or government's debt. The corp/gov
sells you a bond so that entity can get some money to do projects it wants. You are acting like a
bank lending agency but in very small amounts.
Annuities: an insurance product sold by insurance companies. There is often a life insurance
component but it may be quite small. The money invested grows tax free (like an IRA) which is a
HUGE benefit. There are stiff penalties for removing the assets early (say 10-15 yrs). There are
typically growth phases where you can be more aggressive to grow the pot, then move to the
distribution phase where you start receiving a fixed income annually and the growth equations
change. The growth phase can be variable (dangerous in down markets!), can be protected to a
loss line, can be small to compensate for the down years, etc. The good part here is that you
are guaranteed an income later in exchange for taking a more limited growth that is/may be
guaranteed over the years. Many have a component where you can leave as inheritance the
part you don't use in later life. One could write a whole book on annuities! But this is it in a
nutshell. Hire a professional!
Real Estate: Property, Plots of land, Buildings, developments, farms, etc. Mother earth.
There are also RE Investment Trusts (REITs) where RE has been monetized (they sell shares) and
you can participate in much larger entities.
Hard Assets: These are things that are tangible. You can touch and hold them. Examples are
real estate, gold, silver, art work, jewelry. Not all of these (antiques, art, etc) necessarily make
good investments, but they may well represent part of your portfolio or family heritage.
NOrmally these investments are not regulated by the SEC, which deals in "paper" instruments.
Brokerage: a company (or "house") licensed by the SEC (Securities Exchange COmmission) in
a country selling various usually public instruments that maintains possession of said
instruments for you. Most are now online and provide varying levels of reporting, some quite
good. They sell through the major Trading Exchanges normally for one country unless they have
"seats" purchased for quite high prices on other exchanges. Trading Exchanges: New York Stock
Exchange, NASDAQ, ISX (Iraqi Stock Exchange), Toronto SE, London Stock Exchange, Hong Kong
Stock Exchange, Singapore Stock Exchange, Japan, China, Europe, etc, etc. There are many
choices. There are also Bulletin Board (BB) stocks (those that are traded differently & ar
normally quite small companies with few assets, and highly risky), Over the Counter OTC SE (SE
is a stretch, but it is just a different way and a lower tier of companies, normally startups, that
can be bought publicly, and only slightly more valuable than BB), Private offerings (which
future currency trades might become), and the list goes on. The US exchanges are regulated by
the SEC.
INDEX: Various groups of stocks on exchanges that are meant to reflect the larger
movements of the entire exchange. The DOW JOnes averages (remarkably for only about 30
companies) are for the NYSE, NASDAQ for the Nasdaq, S&P500 is a long standing index for a
selected 500 companies, Russell 2000 represents a larger composite of 2000 selected
companies. Checking an index for an exchange tells you what happened in a nutshell in the
market for the day.
Ok, the list can go on and on, but let's get on with it now that we have a common vocabulary.
Overview:
There are many dimensions to wealth management to consider.
Risk Management
Family Heritage
Philanthropy
Lifestyle enhancement
RISK MANAGEMENT
Risk tolerance is the single biggest differentiator when it comes to your portfolio. Some people
are risk-averse, some are risk-takers, and some fall everywhere in between. Your exposure to
risk necessarily involves your age and earning potential. Those in their twenties have more time
to recover from more aggressive risk programs than those in their sixties. Your portfolio will
necessarily change its character over the years as your risk aversion changes.
It is also prudent to never invest "all in." Diversify, diversify, diversify. That means assets ought
to be allocated:
Conservative: Those assets you really want to protect and not lose should it all go south in a
hand basket. This is the money you want to remain available to you in your retirement years
reliably and normally represents a baseline standard of living. Opinions vary on where this
money ought to reside. Some say annuities, which are in the end paper assets, but are insured
and come with guarantees from the insurance industry that is among our oldest establishments
in the western world. Annuities are the closest thing IMHO to a sure thing that is available on
the market. See BASICS above. Some say real estate, some say gold, etc.
Hard assets: (see above terminology) and I would include secured instruments here.
Paper assets: stocks, bonds, mutual funds, Exchange Traded Funds ETF (my personal favorite
unsecured paper asset for many reasons). Mutual Funds normally come with management fees
annually whether you make or lose money. The fees are deductible expenses but you need to
keep records to get it. Some pay dividends, and you usually reinvest those; that adds to your
basis so you need to keep track of this too or you get double taxed when you sell and that can
be HUGE over the years.
These can be further divided along a spectrum reflecting your tolerance for risk. There are
large cap (very big money), medium cap, small cap (which in my book are still very large
companies). There are dividend paying companies, ranging from 1-7% per year payable to you
usually quarterly. Some are bell weather companies that have paid dividends for decades, such
as Pepsi, Johnson & Johnson, Proctor & Gamble, AT&T, etc. These are also found on the DOW.
Some Nasdaq dividend payers are Microsoft, Intel, Frontier, Qualcomm, and so so many more.
The return beats the banks if you can tolerate the volatility of the market and the risk.
EVALUATE YOUR RISK AVERSION.
FAMILY HERITAGE
Most of us want to create a family inheritance in perpetuity (forever). Some will want to be
more specific about terms. Here are but a few ideas.
Trust funds that may be given to recipients at some age or after having achieved some
milestone in life, (marriage, degree, etc.) It is easier to quantify the milestones than how the
money will be spent, FYI. A GOOD trust attorney would be required to set this up. Check out
internet ads for these guys and decide if they are ambulance chaser types or professional. This
is money well spent to get the best as it lives well beyond you.
Specific Use Trusts: Mine will be for education for heirs. Education is the one and only legacy
you can give someone that nobody can ever take away by robbery, divorce, or loss. And it
becomes theirs to make of it what they can. "It is what it is, but it becomes what you make of
it." This is incentive-oriented sort of gift. You can make applications required. You could specify
that the educations supported include degrees in science, math, teaching, finance, etc. and
exclude Ancient Greek Cultures, Scientology, etc. Or you could specify objectives where one
objective could be degrees where jobs will be plentiful.
PROTECTIONS: Consider conditioning such trust proceeds as having to be the sole and separate
property of the blood heir. That way you will protect the unsuspecting starry eyed younger
person from gold diggers and early mistakes that dump your whole intended purpose for your
heirs. To err is human. It would be prudent for all of us to have Kidnap and Ransom insurance.
GOOGLE it and buy some.
PHILANTHROPY
Many of you plan to Pay It Forward. I am delighted! I encourage the others of you that haven't
considered this to please plan to give back for this marvelous opportunity and gift. Give both to
God for his generosity and trust He has placed in you and back to humanity to better your
fellow man.
For your biggest advantage please see the TAXATION Lesson on Donor-Directed giving for the
most advantageous way for you to give in perpetuity. Also please read the LESSON ON
PROTECTIONS because there truly are people out there who will hunt you.
LIFESTYLE ENHANCEMENT
Some of this money should be used to either fix those human error destructions left in your
wake or to improve your lot in life. This includes paying off all those debts, student loans, other
loans, mortgages, etc. It might include a nicer house, car, etc. Each one will have to find the
level of wealth you wish to portray through your possessions as these become walking
advertisements of your advantage in life.
I remember the story of a very famous man whose name you would ALL recognize. He had been
married to my best friend. When he became famous and very rich, he showed up one day and
handed her keys to a car and walked away saying, "It doesn't make up for how poorly I treated
you, but know I still love you." She was stunned. Stun somebody you've hurt!
WARNING:
Please do not consult your kids or your friends, unless they have a proven track record of
success in this area. Find a real professional, licensed as a financial advisor or life insurance
agent. This is not the time to cut corners or trust the well-intentioned but uninformed. I would
not offer advice for this reason. I will beef up this section later.
[I decided to post the details about investment advisors in a new Lesson to reduce confusion.]
From 4ABBA:
Multi-Family Offices - Ten Core Services
Just as each family is unique, so too are their wealth management needs. How do Family
Offices personalize services to meet individual needs and maintain a sustainable business
model? Even though each family has unique requirements, their needs can generally be
categorized into 10 distinct, but interrelated, elements. Some families may find they need
comprehensive services; others may find they need only the administrative, investment or
legacy planning components. Ultimately, the greatest benefit of an FO is the ability to
personalize services in the best interest of the family.
1. Estate planning.This is a vital service offered by the FO, one that has a direct influence on all
other FO management components. The FO works to determine wealth transfer objectives,
monitors the estate plan on an ongoing basis to ensure that family goals and financial
management plans are aligned and makes recommendations that are in the best interest of the
financial well-being of the family.
2. Lifestyle maintenance. Helping families assess whether theyll have sufficient capital to
maintain or obtain a certain lifestyle is one of the primary services FOs provide. Through the
use of tools, such as goals-based financial planning, risk assessment and customized financial
reporting, FOs work with families to help them set realistic lifestyle goals for both the short-
and long-term.
3. Managing investments. The FO provides a trustworthy resource for investment
recommendations and management, including creating strategies and advising on strategic
asset allocation, performing due diligence and selecting and monitoring investments.
4. Education.Without education about wealth management, the best planning in the world will
have little long-term impact. FOs create customized programs unique to each familys
requirements, so that family members can act thoughtfully when making any financial decision,
no matter how big or small. Sustaining wealth across generations is possible only when family
members have an overarching perspective created through mentoring and education. For
years, families have asked for programs to educate the next generation, and now theyre
available. A very large, multi-generational FO recently retained our firm to build family
governance and educate the fourth generation about family values and the familys assets. I
believe this trend will continue to gain strength as families realize the inherent benefits of
preparing heirs to be responsible stewards of wealth.
5. Expense management.Regardless of net worth, expense management is vital to financial

success. For HNW families, expenses typically go far beyond balancing a budget and paying
monthly household and credit card bills. The FO plays the important role of establishing internal
controls, including expense approvals and archiving, categorizing and coding expense
transactions, maintaining and managing cash balances and juggling the myriad of other details
involved in properly managing expenses to help sustain and grow wealth.
6. Tax planning. For HNW families, tax planning carries with it a host of challenges, including
trust and estate planning, charitable tax planning and structuring, as well as ensuring
compliance with federal, state and local tax requirements. FOs manage all aspects of tax-
related issues to position families in favorable tax structures.
7. Fiduciary accounting and support.This, as well as management of trusts and trust-related

issues, are common services of the FO. Trust administration and management and liability
support and advice for all trustees also fall under the FOs fiduciary service offerings.
8. Philanthropy.Families fortunate enough to amass significant wealth recognize the

importance of philanthropy. For HNW families, philanthropic efforts go far beyond annual
donations. The creation of charitable trusts, strategic tax planning, next-generation
involvement and foundation governance are all considerations for which FOs provide guidance
and education.
9. Governance.Sustaining wealth across generations is paramount for HNW families. Without

governance, however, the ability for a family to transfer wealth beyond three generations
drops significantly. FOs are adept at guiding families as they develop a family mission
statement, implement a governance system and prepare succession-planning activities.
10. Documentation. From a strictly administrative perspective, tracking, coordinating and

managing the documentation involved in family wealth management is a Herculean task. FOs
are able to maintain the familys document inventory, including trust paperwork, tax
documentation, summaries and ownership of major assets, family governance statements and
any other documentation family wealth management generates.
In addition to these 10 core services, FOs often manage new business acquisitions and oversee
the negotiation process; advise family business boards of directors; supervise the purchase of
real estate; oversee attorneys and others involved with the families; and mediate family
member conflicts. In short, the services an FO can provide are dictated by what the family
needs.
Considerations
Just as there are 10 core elements today that summarize the services of most FOs, there are at
least eight considerations families should address when selecting a suitable FO model:
What services do they provide? Do they address the 10 core elements in some way, or are
they specialized, focusing more on investments or administrative responsibilities?
How large or small is the FO? Some families may be seeking very hands-on personalized
service; others may be looking for an FO to provide general oversight through a more formal,
hands-off approach.
How does the FO communicate family business, updates, news, investment advice and so on?
How frequent are communications from the FO?
Whats the cost of service? How does the FO get paid? Is it a direct fee for service, or does
the office collect fees based on trades, for example?
Whats the management structure of the FO? What are its management challenges? Does
the office attract and retain a wide range of professionals and resources? Does it coordinate
and integrate activities for the benefit of its families? Has it built sustainable entities?
Who owns the FO? Whats the mission statement of the FO? Are its goals and mission in
alignment with the familys goals and mission?
Wheres the FO located? Is it a small office with only a few locations? Or, is it a global
company with offices around the world, offering personalized services to HNW families in a
given region?
Is the objective in its approach? Is its operational focus in the best interest of the families it
serves, or is its driving principle to generate revenue for its ownership?
Family Office Challenges
All businesses face challenges that force them to examine and refine their business approaches
to better serve their customers, and the FO is no different. In a 2011 Family Wealth Alliance
Single Family Office Study,1 FOs were surveyed to identify their biggest challenges. One
hundred percent of the offices surveyed identified managing generational and FO transitions as
their biggest challenge. Family cohesion and governance also scored high. Preserving wealth
ranked relatively low, and liquidity and cash management ranked at the bottom of the list. Its
becoming more common for large SFOs to reach out to other firms to assist in communicating
the values of the family and transitioning the business or assets to the next generation.
Wealth Advisory Firm Options
With a clear understanding of what services an FO can provide and considerations to ponder
when choosing an appropriate FO model, investors must still analyze the business models of
service providers and determine which best fits their needs and preferences. Three primary
options are available: advisors, distributors and manufacturers.
Advisors. The role of an advisory firm is just that: to serve as an objective advisor. They
agnostically source products from outside suppliers. The advice they provide is independent of
products. Advisory firms are paid directly and only by the investors. Their value proposition
hinges on objectivity, expense optimization, risk management, access and quality of advice. FOs
follow an advisory business model.
Distributors. They are financial supermarkets. They exclusively distribute products for their
institution and others. Their advice is bundled around the investment products they offer.
Distributors are paid via wrap fees, asset management fees, trade fees and the like. Similar to
advisory firms, they count quality of advice as part of their value proposition, as well as product
variety, depth, access, brand and size.
Manufacturers. They offer investment management services and primarily distribute a

proprietary product. Manufacturers receive payment from asset management fees and
imbedded, product-based performance fees. They sell their services based on the quality of
asset management capabilities, research, brand, size and performance.
Five Core Principles
Wealth management decisions carry an inherent risk for all investors, but especially for HNW
families that require the services of a range of providers.
Regardless of the wealth management/advisory firm a family selects, its in the familys best
interest to ensure that, above all, the firm adheres to the five core fiduciary principles of wealth
management:
The clients interests are put first.

The firm acts with prudencewith the skill, care, diligence and good judgment of a
professional.
The clients arent misledthey receive a full and fair disclosure of all important facts.
The firm makes every attempt to avoid conflicts of interest.
The firm fully discloses and fairly manages, in the clients favor, unavoidable conflicts.
Any family that follows these guiding principles when assessing wealth management options
will be well positioned to objectively and carefully analyze services for the best interest of the
family.
The views expressed are those of the GenSpring representatives and are subject to change.
They are shared for educational purposes only, and shouldnt be considered as investment
advice or a recommendation for any particular security, strategy or investment product.
LESSON 8: FINANCIAL & TAX PROFESSIONALS
Caveat: It is assumed you are conversant with the information in Lesson 7 so it is advisable to
read Lesson 7 first. I am not a financial professional, nor do I play one on TV. This is information
I found and gathered for you from the Internet mostly and from experience.
INTRODUCTION:
It is important to know what kind of training and certification your guy has who will be helping
guide decisions on your wealth and its taxability. This lesson covers some of the types of
managers or advisors and the regulatory bodies that will affect performance. There are
Financial Advisors and Tax Professionals that will be important in your future. Also discussed is
Private Banking and rankings of various international banks.
FINANCIAL PROFESSIONALS
HOW FINANCIAL ADVISORS GET PAID AFFECTS A LOT!

Please note that some advisors are paid on a commission basis; that means they make money
selling you or putting you into specific instruments offered by their "company affiliates"; they
don't make money telling you when to get out.
Other advisors are paid on the money managed and its performance.
Choosing which model you employ will be a huge decision for you. DO not make it lightly.
LEVELS OF FINANCIAL ADVISORS:
There area several levels of licensed individuals that may be of interest to you soon:
Investment Advisor: An investment advisor is anyone who receives compensation for providing
financial advice. Also known as FInancial Planner, financial advisor. None of these denote
specific qualifications, but more generally refer to generic job titles.
Certified Financial Planners: A person providing their clients with comprehensive financial
advice and having passed various levels of exams, one the 10 hour CFP exam itself. Study areas
of financial planning include:
Insurance planning
Employee Benefits Planning
Investment planning
State and Federal Income tax planning
Retirement planning
Estate, Gift, and Transfer tax planning
Estate planning
Asset Protection planning
Retirement planning
Interpersonal communication
Professional conduct and fiduciary responsibility
Financial plan development (capstone) course
Also required is a bachelor's degree or higher.
See more at: http://www.cfp.net/become-a-cfp-professional/cfp-certification-

requirements/education-requirement
Registered Representative: A person who works for a brokerage company that is licensed by
the Securities and Exchange Commission (SEC) and acts as an account executive for clients
trading investment products such as stocks, bonds and mutual funds.
Registered Investment Advisor: An RR that is also licensed by the NASAA and has passed the
Series 6 and/or 7 exam. They normally do not associate themselves with a broker. Based on
amounts under management RIAs register with their state or the SEC.
Chartered Financial Analyst: must first be a CFP, complete the prestigious CFA Institute's
Program of a rigorous curriculum, pass the series 6,7, and Series 66 exams, pass an additional
three 6-hr exams given one/yr over 3 succeeding years, join the CFA Institute, adhere to the
CFA code of Ethics and Standards, and have at least 4 years experience. Only 20% of candidates
pass all three exams on their first try. Bank of America, UBS, and JP Morgan have the largest
number of CFA holders on staff.
http://en.wikipedia.org/wiki/Chartered_Financial_Analyst#Requirements
Wealth management as an investment-advisory discipline incorporates financial planning,

investment portfolio management and a number of aggregated financial services. High-net-
worth individuals (HNWIs), small-business owners and families who desire the assistance of a
credentialed financial advisory specialist call upon wealth managers to coordinate retail
banking, estate planning, legal resources, tax professionals and investment management.
Chartered Financial Consultant is the "Advanced Financial Planning" designation awarded by

the The American College of Financial Services.[1] Charter holders use the designation ChFC on
their resumes and are qualified to provide comprehensive advanced financial planning for
individuals, professionals, and small business owners. Since 1982, approximately 40,000 people
have earned the ChFC through regionally accredited program courses and exams. Exams are
proctored for each required course.
Academies that offer Chartered Wealth Management Programs:
American Academy of Financial Management (AAFN) aka International Academy of Financial

Management (IAFM): a 5-day program offered twice a year
Wharton School at U of PA
U of Chicago
Institute for PRivate Investors
Large banks offer courses in marketing strategies to sell both proprietary and non-proprietary
products and services to high-net-worth individuals (HNWI)
One site gave this advice, "Get your first financial advising job at a bank."
LICENSING AND REGULATION (This helps you understand how your advisor is qualified, so it
behooves you to study this part, dry though it is. It also directs you toward the right individual
for your needs.)
SECURITIES LICENSES: These include registered representative (RR) or an investment advisor; in

either case the first step is obtaining the proper securities license. The license needed is
determined by several factors, such as the type of investments to be sold, method of
compensation and the scope of services that will be provided.
Those who intend to hold themselves out to the public as Registered Investment Advisors
(RIAs) must register with the state they do business in if their assets under management are
less than $25 million ($100M in some states), or with the SEC if the assets exceed $25 or $100
million. Registered Investment Advisors do not need to associate themselves with a broker-
dealer.
FINRA Licensing
The Financial Industry Regulatory Authority (FINRA) oversees all securities licensing procedures
and requirements. This self-regulatory organization administers many of the exams that must
be passed to become a licensed financial professional. It also performs all relevant disciplinary
and record-keeping functions.
FINRA offers several different types of licenses needed by both representatives and supervisors.
Each license corresponds to a specific type of business or investment. While there are several
licenses geared toward specific types of securities, there are three general licenses that the
majority of representatives and advisors usually obtain:
Series 6
The Series 6 license is known as the limited-investment securities license. It allows its holders to
sell "packaged" investment products such as mutual funds, variable annuities and unit
investment trusts (UITs). The Series 6 exam is 135 minutes long, and covers basic information
regarding packaged investments, securities regulations and ethics.
This license is also required for insurance agents that sell variable products of any kind, because
securities constitute the underlying investments within those products. Principals who
supervise representatives holding a Series 6 license must obtain the Series 26 license in
addition to having already obtained the Series 6.
Series 7
The Series 7 license is known as the general securities representative (GS) license. It authorizes
licensees to sell virtually any type of individual security. This includes common and preferred
stocks; call and put options; bonds and other individual fixed income investments; as well as all
forms of packaged products (except for those that also require a life insurance license to sell).
The only major types of securities or investments that Series 7 licensees are not authorized to
sell are commodities futures, real estate and life insurance.
The Series 7 exam is by far the longest and most difficult of all the securities exams. It lasts for
six hours and covers all aspects of stock and bond quotes and trading; put and call options;
spreads and straddles; ethics; margin and other account holder requirements; and other
pertinent regulations.
Those who carry this license are officially listed as "registered representatives" by FINRA, but
they are generally referred to as stockbrokers. Many insurance agents and other types of
financial planners and advisors also carry the Series 7 license to facilitate certain types of
transactions inherent in their businesses. Principals of general representatives must also obtain
the Series 24 license.
Series 3
The Series 3 license authorizes representatives to sell commodity futures contracts, which are
generally considered the riskiest publicly traded investments available. Representatives that
carry the Series 3 license tend to specialize in commodities and often do little or no other
business of any type.
The Series 3 exam is approximately 120 minutes long and covers all forms of commodities
transactions, options, hedging, margin requirements and other regulations. An offshoot of this
license is the Series 31 license, which allows representatives to sell managed futures (pooled
groups of commodities futures similar to mutual funds).
NASAA Licensing
Not all securities licenses are administered by FINRA. The North American Securities
Administrators Association (NASAA) oversees the licensing requirements of three key licenses:
Series 63
The Series 63 license, known as the Uniform Securities Agent license, is required by each state
and authorizes licensees to transact business within the state. All Series 6 and Series 7 licensees
must carry this license as well. The provisions of the Uniform Securities Act are tested on the
75-minute exam.
Series 65
The Series 65 license is required by anyone intending to provide any kind of financial advice or
service on a non-commission basis. Financial planners and advisors that provide investment
advice for an hourly fee fall into this category, as do stockbrokers or other registered
representatives that deal with managed-money accounts.
Series 66
This Series 66 is the newest exam offered by NASAA. In essence, it combines the Series 63 and
65 exams into one 150-minute exam. This test contains no investment material, as the Series 66
license is only available to candidates that are already Series 7 licensed.
A NOTE ON PRIVATE BANKING
Private banking is banking, investment and other financial services provided by banks to private
individuals who enjoy high levels of income or invest sizable assets. The term "private" refers to
customer service rendered on a more personal basis than in mass-market retail banking, usually
via dedicated bank advisers. It does not refer to a private bank, which is a non-incorporated
banking institution.
Private banking forms an important, high-level and more exclusive (for the especially affluent)
subset of wealth management. At least until recently, it largely consisted of banking services
(deposit taking and payments), discretionary asset management, brokerage, limited tax
advisory services and some basic concierge-type services, offered by a single designated
relationship manager. Taking a largely passive approach to financial decision making, most
clients trust their private banking relationship manager to get on with it.
Private banking is the way banking originated. The first banks in Venice were focused on
managing personal finance for wealthy families. Private banks became known as Private to
stand out from the retail banking & savings banks aimed at the new middle class. Traditionally,
Private Banks were linked to families for several generations. They often advised and
performed all financial & banking services for families.
Private banking and wealth management rankings[edit]
According to Euromoney's annual Private banking and wealth management ranking 2013, which
consider (amongst other factors) assets under management, net income and net new assets,
global private banking assets under management grew just 10.8%YoY (compared with 16.7%
ten years ago).[14]
"Best private banking services overall 2013". This table displays results of one category of the
Private banking and wealth management ranking over two years. Only Goldman Sachs moved
into the top 10 between 2012 and 2013; the others had already been there.
Rank 2013
Company
Rank 2012
UBS
Credit Suisse
JPMorgan
HSBC
3
5
Citi
Deutsche Bank
Merrill Lynch Wealth Management
Santander
BNP Paribas
10
Goldman Sachs
11
More Information at:

http://www.investopedia.com/articles/financialcareers/07/securities_licenses.asp
TAX PROFESSIONALS:
Different Kinds of Tax Professionals
Before you start your search, you might be wondering about all the different kinds of tax pros
out there or who can do your taxes. Basically, anyone can call himself a tax preparer and file
your return for you. There are two types of tax professionals, though, that are probably most
appropriate for you and most people: certified public accountants and enrolled agents. Both
types can represent you before the IRS in case you get audited.
Certified public accountants or CPAs are accountants who have passed qualifying state exams
and met specific education and experience requirements for that title. Not all CPAs are experts
on income taxes, though, so when looking for someone to prepare your return, you'll want to
ask about the CPA's experience in handling individual taxes. A benefit of going with a CPA is
these financial pros may be able to help you with other financial situations like estate planning
or financial planning in addition to doing your taxes.
Enrolled agent or EA is a tax professional licensed by the IRS through a special enrollment exam
or after working for the IRS for five years. EAs may specialize in specific tax areas, so be sure to
ask what his or her area of expertise is. The benefit of using an enrolled agent is that these
people live and breathe taxes (they're required to take continuing education courses in taxes
every three years), and, generally speaking, may charge less than CPAs.
OTHER Tax Preparers
You have two other main choices for tax preparerstax attorneys and tax preparation chains
such as H&R BLock,but I don't believe they make sense here. Tax attorneys are best for
handling complex tax disputes and corporate matters, rather than preparing individual returns.
They are also good at ferreting out the legal issues of tax questions. Your CPA will likely have a
referral for you.
TAX ATTORNEY
When Do You Need a Tax Attorney? Tax attorneys are lawyers who specialize in the complex
and technical field of tax law. Tax attorneys are best for handling complex, technical, and legal
issues.
You definitely need a tax attorney if:
You have a taxable estate, need to make complex estate planning strategies, or need to file
an estate tax return.
You are starting a business and need legal counsel about the structure and tax treatment of
your company.
You are engaging in international business and need help with contracts, tax treatment, and
other legal matters.
You plan to bring a suit against the IRS.
You plan to seek independent review of your case before the US Tax Court.
You are under criminal investigation by the IRS.
You have committed tax fraud (such as claiming false deductions and credits) and need the
protection of privilege.
What you should look for Tax attorneys must have a Juris Doctor (J.D.) degree and must be
admitted to the state bar . Those are the minimum requirements for practicing law.
Additionally, tax attorneys should have advanced training in tax law. Most will have a master of
laws (LL.M.) degree in taxation.
Some tax attorneys also have a background in accounting. If you are facing a complex
accounting as well as legal matter, you might want to looking for an attorney who is also a
Certified Public Accountant.
Questions to ask
Is the attorney admitted to the state bar?
What does the tax attorney specialize in?

How much does the attorney charge?
Can the attorney help you with your tax case?
If not, can the attorney refer you to another tax attorney who can help you?
ESTATE ATTORNEY
An Estate attorney is also known as a Probate Lawyer. A probate lawyer is a type of state
licensed attorney who, through years of mentoring, continuing legal education and experience,
understands how to advise Personal Representatives, also known as Executors, and the
beneficiaries of an estate on how to settle all of the final affairs of a deceased person, known as
a decedent.
Hopefully none of us will need an Estate Attorney any time soon. However, Estate attorneys
also frequently also do Estate planning from a taxation vantage point so they know how to set
things up properly to avoid Probate issues upon death. It is a small community so Tax
Attorneys typically know the Estate Attorneys in your area.
Get a referral because there are many "ambulance chaser" type probate lawyers who use
cookie cutter plans, not one devised for your needs & objectives.
DC SUGGESTED THIS FOR ALL OF US TO READ (I JUST ORDERED THEM FROM AMAZON)
MILLIONAIRE MIND -
The Millionaire Mind targets a population of millionaires who have accumulated substantial
wealth and live in ways that openly demonstrate their affluence. Exploring the ideas, beliefs,
and behaviors that enabled these millionaires to build and maintain their fortunes, Dr Thomas
Stanley, PHD.
audio book - http://www.youtube.com/watch?v=zdhkF1-10qA

pdf - NOT AVAILABLE???
THE MILLIONAIRE NEXT DOOR - (DC just told me this is one of his favorite books and Daz
agrees!)
From Library Journal
In The Millionaire Next Door, read by Cotter Smith, Stanley (Marketing to the Affluent) and
Danko (marketing, SUNY at Albany) summarize findings from their research into the key
characteristics that explain how the elite club of millionaires have become "wealthy." Focusing
on those with a net worth of at least $1 million, their surprising results reveal fundamental
qualities of this group that are diametrically opposed to today's earn-and-consume culture,
including living below their means, allocating funds efficiently in ways that build wealth,
ignoring conspicuous consumption, being proficient in targeting marketing opportunities, and
choosing the "right" occupation. It's evident that anyone can accumulate wealth, if they are
disciplined enough, determined to persevere, and have the merest of luck. In The Millionaire
Mind, an excellent follow-up to the highly successful first analysis of how ordinary folks can
accumulate wealth, Stanley interviews many more participants in a much more comprehensive
study of the characteristics of those in this economic situation. The author structures these
deeper details into categories that include the key success factors that define this group, the
relationship of education to their success, their approach to balancing risk, how they located
themselves in their work, their choice of spouse, how they live their daily lives, and the
significant differences in the truth about this group vs. the misplaced image of high spenders.
Narrator Smith's solid, dead-on reading never fails to heighten the importance of these
principles that most twentysomethings should be forced to listen to in toto. Highly
recommended for all public libraries. Dale Farris, Groves, TX
Copyright 2001 Reed Business Information, Inc
audio book http://www.youtube.com/watch?v=wYRLNpN6Arg
free pdf
http://www.davidbeitler.com/temp/The%20Millionaire%20Next%20Door%20%5BBook%5D-
MANTESH.PDF.pdf
5 mindsets to give up if you want to get rich
Getting rich starts with your mindset. Do you see each day as a cornucopia of opportunity or an
unceasing list of chores? If you chose the latter, it might be time to give up some of the beliefs
that could be holding you back from building (MAINTAINING) wealth. In "The Top 10
Distinctions Between Millionaires and the Middle Class," Keith Cameron Smith shares the
insights he gleaned from spending two years working with and studying the ultra-rich, including
the attitudes that distinguish their ways of thinking from that of the average person.
Here are five mindsets millionaires have given up that you should consider giving up too if you
want to get rich.
1. Thinking short term
If you want to get rich, you have to start looking toward the future, not obsessing over your
present situation. That means setting goals that might span years or decades, not just weeks or
months. According to Smith, the longer you can stretch your thinking into the future, the richer
you will become.
That's because long-term goals force you to grapple with big-picture questions such as, "How
can I double my income this year?" instead of short-term issues, such as, "How am I going to
pay my bills this month?"
2. Fearing change
Whether small or big, change can be intimidating. But giving up the fear of the unknown allows
you to view change as an opportunity instead.
"The problem with the middle class (LOWER CLASS & NO CLASS) is it assumes change will be
negative most of the time," Smith writes. "Millionaires assume that all change, positive or
negative, will benefit them."
Learning to welcome change, and welcome the growth that often accompanies it, builds
confidence, which Smith says is key.
"Confidence is acquired through preparation and hard work," Smith writes. "Confidence is the
result of working on yourself. It is the benefit of proving yourself to yourself. It is knowing you
can handle whatever comes your way."
3. Craving instant gratification
Building wealth takes time, hard work and, most of all, patience. Smith finds that millionaires
are willing to put temporary comfort on hold to seek out long-term financial freedom.
"Middle-class people want instant gratification," Smith writes. "I was like that for many years.
Whatever I wanted, I charged to my credit card or put a little bit down and made payments on
the balance. Now I wait for the things I want because my goal is more freedom, not comfort.
"Rich and very rich people have developed the discipline of delayed gratification."
4. Thinking that you have to do everything yourself
Smith notices that while the rich get richer by setting up multiple streams of income, those in
the middle class are apprehensive to do the same because they believe it won't get done right
unless they personally take care of it.
"The belief that you must do everything yourself puts extreme limits on your financial
potential," Smith writes. "Having a belief that no one can do it as well as you is ignorance. The
world is full of talented people."
Stop stressing that something won't be done correctly if you don't have a hand in it and start
putting more faith into the people who work for and under you. Delegate! That might even
improve the outcome. As Smith writes, "Millionaires] believe they can find someone who can
do it not only as well as they can, but even better!"
5. Believing that you can't afford to give
While middle class people often believe they can't afford to give, rich people see generosity as
a necessity.
"Most millionaires believe in the law of sowing and reaping," Smith says. "They see money as a
seed. Millionaires know that if they are generous, they will receive more in return."
Numerous millionaires and billionaires have become philanthropists. In 2010, Warren Buffett
and Bill Gates teamed up to form The Giving Pledge, an effort that encourages the ultra-rich to
donate the majority of their wealth to good causes. More than 150 billionaires have signed on,
including Mark Zuckerberg, Richard Branson and Elon Musk.
"Not all millionaires are generous, but the happy ones are!" Smith writes.
4 things millionaires do that the middle class doesn't
By Emmie Martin
Becoming a millionaire starts with your mindset. But how you follow through on those ideas
matters just as much. You don't only need to think like a millionaire you need to act like one.
In "The Top 10 Distinctions Between Millionaires and the Middle Class," Keith Cameron Smith
shares the insights he gleaned from spending two years working with and studying the ultra-
rich, including the actions and attitudes that distinguish them from the average person.
Here are four ways to start acting like a millionaire, regardless of what's in your bank account.
Millionaires talk about ideas, not things
It's not that cars, movies and other people aren't interesting to wealthy individuals. But they
tend to focus more on big ideas for the future than on the minutiae of what's happening in the
present.
"Millionaires are creative," Smith says. "They spend time thinking about new ideas."
While middle class people talk about cars and movies, millionaires own the car companies and
produce the movies. They understand that "ideas are the most valuable asset in the world."
"To become more successful, you must continually expand your mind," Smith writes. "In a
world where everything is changing fast, you would be wise to spend time thinking of new ways
of doing things."
Rich people use these 6 mental tricks to make more money
Millionaires take calculated risks
While middle class people are often content to stay in their lane, millionaires strive to move out
of theirs. Put another way, the middle class lives in fear of risking too much, while millionaires
know when to go for it.
This happens because "millionaires overcome fear and the middle class submits to it," Smith
says.
"Millionaires overcome fear with knowledge," he continues. "Millionaires educate themselves

before taking risks, and then they consider the consequences of failing."
They calculate the intensity of the risk versus the power of the reward. "If you can live with the
worst thing that could happen and if the most likely thing to happen will get your closer to your
goals, then go for it!" Smith writes.
Millionaires are generous
While middle class people often believe they can't afford to give, rich people see generosity as
a necessity.
"Most millionaires believe in the law of sowing and reaping," Smith says. "They see money as a
seed. Millionaires know that if they are generous, they will receive more in return."
Numerous millionaires and billionaires have become philanthropists. In 2010, Warren Buffett
and Bill Gates teamed up to form The Giving Pledge, an effort that encourages the ultra-rich to
donate the majority of their wealth to good causes. More than 150 billionaires have signed on,
including Mark Zuckerberg, Richard Branson and Elon Musk.
"Not all millionaires are generous, but the happy ones are!" Smith writes.
Millionaires cultivate multiple sources of income
The more sources of income you have, the more potential you have to rake in big paychecks.
Smith gives the example of a fisherman with one line cast versus a fisherman with five lines.
Who is going to catch more fish?
But developing multiple streams of income means letting go of a mindset that often holds the
middle class back: The idea that you must do everything yourself, which "puts extreme limits on
your financial potential," Smith says.
"Millionaires have a different belief," he writes. "They believe they can find someone who can
do it not only as well as they can, but even better!"
Smith emphasizes that creating sources of passive income is crucial to building wealth. That
means putting in effort up front but eventually leaving more qualified people in charge so they
can move on to the next income-generating project. Don't try to be in charge of everything
that only leads to burnout.
Millionaires focus on the big-picture aspects of a project without getting bogged down in the
minute details.
Again, this is a divergence from the middle-class mindset that you have to do everything
yourself. "The middle class believes that if you attempt to build multiple sources of income, you
will spread yourself too thin," Smith explains.
Don't miss: If you want to be a millionaire, start thinking like one
Millionaires are the new middle class
RAyren covered this on June 26th in the morning
link
Between the stock market roller coaster and the announcement of massive layoffs at corporate
giants like Yahoo YHOO -0.44%, Pfizer and HewlettPackard HPQ +2.75%, many people are
feeling pretty glum about their finances and wondering how theyre going to pay their bills.
If friends and family are among them and you have been more fortunate, you might want to
help out. But did you know that the tax law regulates your generosity? This kind of assistance is
considered a lifetime gift unless its for someone whom you are legally obligated to support,
such as a child.
As far as the government is concerned, noble motives dont matter; you must follow the same
rules that would apply to any other lifetime transfers, including those intended mainly to pare
down your estate and leave less for the government to tax.
The bottom line: Gifts of cash or other assets can count against your $5.34 million exclusion
from gift or estate tax. If you exceed that limit, you could wind up owing gift tax of up to 40%.
Even if you dont, your lifetime gifts would reduce how much you can pass tax-free through
your estate plan
While generosity with family members often occurs under the radar, the law is clear: if the gift
exceeds a certain value and the Internal Revenue Service catches it, you could be forced to pay
the tax as well as interest, and, in some cases, penalties.
Here are strategies for subsidizing relatives and, in some cases, friends without having to pay
gift tax
1. Write a check for up to $14,000. The simplest way to subsidize others is by using the annual
exclusion, which allows you to give $14,000 in cash or other assets each year to each of as
many individuals as you want. Spouses can combine their annual exclusions to give $28,000 to
any person tax-free. For example, a married couple with a child who is married and has two
children could make a joint cash gift of $28,000 to the adult child, the childs spouse and each
grandchild four people providing the family with $112,000 a year. Gifts that exceed this
amount count against the $5.34 million ($10.68 million for married couples) lifetime exclusion.
2. Pay directly for medical, dental and tuition expenses. Without using your annual exclusion or
dipping into the lifetime limit, you can pay for tuition, dental and medical expenses of anyone
you want. Note that you must make the payments directly to the providers of those services
you cant just reimburse the person whom you want to benefit.
This chance to pay for medical and dental expenses, often overlooked, can be enormously
useful. For example, if someone you know is temporarily out of work and loses health insurance
coverage, you could pay the premium for that person, or that persons family.
3. Fund college savings plans. One way to apply a persons portion of the annual exclusion is to
put money in Section 529 education savings plans. Establishing these plans for relatives could
relieve siblings or children of the need to save for college at a time when they are overwhelmed
with current expenses. You can set up a separate account for each family member whom you
wish to benefit. Although your contributions to a 529 account are considered gifts, there are
two unusual benefits: money in these accounts grows tax-free and can be withdrawn tax-free,
provided it is used to pay for college, a graduate, vocational or another accredited school, or for
related expenses. For a discussion of how this affects financial aid and other issues, see my
Forbes magazine story, Collegiate Confusion.
4. Offer rent-free living. You can let someone live in your house or buy a house and let them
occupy it rent-free, so long as the fair market value of the rent comes within the annual
exclusion. Remember, spouses can combine their annual exclusion amounts, if necessary, to
make the gift fit.
5. Employ friends and family members. Whether they provide child care, manage real estate or
keep the books, the compensation you provide must be reasonable not more than you would
pay a stranger for the same work. Paying a higher salary than you would pay outsiders exposes
you to a potential double-whammy: Not only could you be personally liable for gift tax on the
excess, but your company wont be able to deduct the full salary as a business expense.
6. Lend and borrow money. Credit between family members requires the formalities of a bank
loan, but the rate can be more favorable. If you lend money to family members, you must
charge a minimum rate of interest set each month by the Treasury, called the applicable federal
rate, to avoid potential gift tax and income tax consequences. That is less than family members
would have to pay for a bank loan, assuming they could get one in todays tight credit market,
but more than you could earn from CDs or money market accounts.

Daz

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Exchange Checklist

Bank appointment for Currency EXCHANGE Instructions/Checklist

I am calling to schedule a foreign currency exchange

My zip code is __________________

My e-mail address is (If they ask for it) ________________________________

I have ________________________ IQN (Iraqi) currency

I have ________________________ VNN (Vietnamese) currency

I have ________________________1000 notes from 2000 of IDN (Indonesian) currency

I have _________ of ___________ (other foreign currency)

Your appointment Information:

The Location _____________________________________________________

3. Be discrete, be professional, and be alert and aware of your surroundings. BREATHE!

The Day of Your Appointment Things NOT To Do

Items Suggestions to Bring to the EXCHANGE Appointment

Second form of ID (a credit card or passport)

A pad, pen to take notes, calculator

IQN / VNN / IDN/ ZWN currency

Name of Bank Exchanger ____________________________________________

IQN Checking Account Number__________________________________________

IQN Checking Routing Number __________________________________________

VNN Checking Account Number__________________________________________

VNN Checking Routing Number __________________________________________

IDN Checking Account Number__________________________________________

IDN Checking Routing Number __________________________________________

ZWN Checking Account Number__________________________________________

ZWN Checking Routing Number __________________________________________

DID YOU GET A COPY OF YOUR SIGNED NDA?

Private Banker Name__________________________

EXCHANGE EXCHANGE EXCHANGE LOOK AT ALL SYMBOLS FOR CURRENCY

2-6-14 DAZ: BANKING RESEARCH:

A COMPILATION OF BANKS, RESEARCH AND STRATEGY MAKERS

6 WAYS TO INSURE EXCESS DEPOSITS

WORLD'S 50 SAFEST BANKS

PRIVATE BANKING AND WEALTH MANAGEMENT LINKS

ascent http://ascent.usbank.com/index and http://ascent.usbank.com/services/private-banking

Northern Trust http://www.northerntrust.com/wealth-management/united-states

LIST OF ALL BANKS INDEXED BY DERIVATIVE EXPOSURE

OPINIONS ARE PERSONAL AND DERIVED FROM RESEARCH OF INDEPENDENT SERVICES.

DAZ IN THE AM BANKING NOTES - NOVEMBER 6, 2014

I MIGHT SUGGEST A QUALIFYING CRITERIA BEING...FEE BASED AND A FIDUCIARY CLIENT

FIDUCIARY / CLIENT SITE: https://www.google.com/search?q=fiduciary+client+relationship&

Links from DAZ to financial planning & binder suggestion

8:51 AM [daz] WORKING WITH A CERTIFIED FINANCIAL PLANNER

8:53 AM [daz] SO....WHO HAS ASSEMBLED A PERSONAL BINDER......AN INEXPENSIVE VINYL 3

8:56 AM [daz] CHOOSING THE RIGHT WEALTH MANAGER

8:57 AM [daz] AMERICAN COLLEGE OF ESTATE PLANNING PROFESSIONALS

8:58 AM [daz] REGISTERED INVESTMENT ADVISORS

8:59 AM [daz] BEST TAX ATTORNEYS 2014 http://tax-attorney.bestattorneysonline.com/best-

8:59 AM [daz] WORKING WITH A CERTIFIED FINANCIAL PLANNER

SIMPLE GUIDE TO HIGH NET WORTH ESTATE PLANNING:

Should a CFP Be Required to Always Act as a Fiduciary?

Aug 15th, 2014

Smoke, Mirrors, and Alphabet Soup

Mar 19th, 2012

1) A bachelors degree or higher from an accredited college or university

3) Complete a CFP board registered program or hold one of the following

Chartered Life Underwriter (CLU)

Ph.D. in business or economics

Doctor of Business Administration

4) Successfully complete the 10 hour CFP certification exam

5) Complete 30 hours of continuing education every two years.

WMS Wealth Management Specialist

CWC Certified Wealth Consultant

CWS Certified Wealth Strategist

I have _ of ___ (other foreign currency)