Quote:
Originally Posted by rpatton3
Years ago, there was a guy that was a financial planner and retirement guru who found a loophole in retirement plans. I was not a CPA or CFP(tm) and I think it was a Keogh plan.
A real Cobra was $50,000 then. The guy was Jim Southard. I wonder if anybody has any knowledge of how the IRS viewed the deal.
He used to have big ads in Hemmings in the early 70's.
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I do believe Mr. Southard became a "ward of the state" due to several issues if I recall correctly, but I may be mixing him with Larry Megabow who for sure was incarcerated.