and you're right.....where do you put it then....if you have it lying around in a bank account, I think the govt could come after you to pay for your "excess" medical insurance or bills....
people used to think that elderly sick parents could "gift" all their money to their children so they could get into Medicaid for nursing home care, etc....but the govt now comes after that money even if the parents gave it away 2 yrs earlier....
nursing homes could drain a $100,000 rather easily...
we're doomed...(buy antiques and precious numismatic coins I guess that can't be traced.)
First, pay off the house. If there is any left over then buy a rental property (you can get a mortgage on that but keep the payment, including insurance, below 50% of the rent roll).
Drive to Montreal where (so I've heard) one can purchase gold coins for cash (I've heard that you don't want to spend more than $5k per purchase) and the sale is not reported to the IRS. Or, go to a pawn broker and buy a handful of 18k wedding rings (pure gold only).
Purchase a rental condo in a golf community in the DR. If you have a mortgage on that it can be constructed so that the rental income pays down the mortgage instead of hitting your taxable income here. Plus, you then own a bolt hole or retirement option in a viable safe haven.
Buy a Mercedes before any future taxes on luxury items hit. A well maintained Mercedes is a 300,000 mile car and even after twenty years can be reliable and classy.
Buy long guns with detachable mags and never take them out of their boxes. Eg...a Saiga 7.62 carbine runs about $400.00 new. It is listed on the most current AWB legislation to be banned. That means that only those bought before the next ban will be sellable post-next-ban. Their value will double at least.
There are lots of outside the box ways to beat the bastards.