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Originally Posted by John Run
I have seen that happen too. Would not count on it though. Saw it happen to a poor guy who was 52 and it was a massive setback.
BTW...I am not a licensed financial advisor. I am a Tax Attorney. I spend most my time trying to shelter income earned by Entertainers and Athletes within states and cities sheltered from state and city income taxes. Example if a New York Yankees ball player plays a game in Fenway Park then he faces Massachusetts income taxes for income earned in Massachussetts even though he is not a resident and his employer is not a Massachusetts employer. Also many cities have local taxes along the same lines. It is called the jock tax and it applies to entertainers' earnings as well. If you get technical it applies to the travelling ball boy as well.
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My goodness, tax law
I looked into it ans thought it would be the way to go, but chose another area.