Bruce_T_Laney
Platinum Member
- May 27, 2014
- 35,236
- 6,385
You cannot "issue yourself" anything.Imagine you hit a lottery and you receive $20,000,000, tax free. What would you do with all that money?
Issue myself 400k per year and live on it until I die. It would take fifty years, so I will be safe.
It is all yours from the start.
It is all taxable from the start.
The net you get to keep.
Again, I would issue myself 400k a year which mean the money stays in the bank and I take only 400k a year from the account.
Does that help or do you need me to explain even more.
People like me believe in not spending all of it in one day.