The Blackstone Group LP has been pitching an innovative tax shelter to its ultra-wealthy clients. Invest your money with us and never pay any taxes. Blackstone, through its subsidiary, is recommending its clients utilize specially designed life insurance contracts to shelter their investment portfolios from state and federal income tax. Traditionally, life insurance policies grow…

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Once you are no longer working, you need to determine not only how much income you can afford to spend each year, but also from which accounts you should be withdrawing. Most people have some money in both non-qualified accounts, which may produce taxable income on a yearly basis, and some money in tax-deferred accounts,…

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