One of the first things I will do is set up a relationship with a fiduciary. The goal will be to create an average risk investment fund, and get 9% annually from that investment fund. All money generated will deposit into my Swiss account to protect my access. Having $28,000 net income can fill up a bank account pretty quickly. I don’t want to worry about how much to send, and where. When the account needs to be replenished, it will be replenished. The calculations are as follows
$5,000,000 (investment fund) × .09 (9%) = $450,000 per year.
$450,000 (ROI) ÷ 12 (months in a year) = $37,500
$37,500 (monthly income) × .25 (taxes) = $9,375
$37,500 (monthly income) × .75 (net) = $28,125
This will mean all of the money will deposit into the Swiss account, and I will make adjustments to my spreadsheet software. This will allow me to separate my accounts within the same account. Therefore, about 25% of that incoming money will be logged as taxes. When it comes time to pay taxes, I will transfer it to my checking account, and pay the taxes. Another preferable option will be a wire transfer from the Swiss account to the appropriate tax collector.