The bank decides they need to hold 25% in federal withholding taxes – $312,000…There are 2 things wrong with this scenario. First, you never want to exchange all of your currency at the same financial institution. The most Irene would want to exchange is $500,000 ($250,000 in her account and $250,000 in her father’s account) [FDIC $250,000 per depositor]…The second thing Irene wants to do is invest the profits to generate an ongoing monthly income so she can quit her job. [Post 2 of 3….stay tuned]
At Dinar Detectives, we provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus. Stay informed with our comprehensive coverage of the latest dinar chronicles and gain valuable insights from dinar guru opinions.