Meager Income

Pay Off Debt, Retire Comfortably on Meager Income, Win the Lottery, Not Necessarily in that Order

Girlfriend Main Suspect in Millionaire’s Death

Posted on | July 8, 2011 | No Comments

Ronald Charles Vinci is believed to have been murdered at the age of 70 by his longtime girlfriend.  According to the report I read, he made his wealth selling cars. He started and eventually sold the Pacific Honda Dealership in southern California.  I’m sure he worked hard (as did his employees) and earned every cent he made.  I’m sure he lived a very good life too.  What more can you ask for?

The interesting tidbit from the report was that he purchased a home in 2006 in Rancho Santa Fe (a very posh enclave in San Diego county, I believe Bill Gates has a home there too!) and has a grown son living there. It must be nice to have one’s biggest expense paid for!  Mr. Vinci owned other real estate as well in Florida including the mansion he lived in.  I would be very surprised if money wasn’t set aside for him to be able to continue paying property taxes on the 1.2 million dollar home too.

I have to give a shout out to our Congress for enabling the transfer of wealth.  Through 2012, a 5 million dollar exemption applies per individual. Even more wealth can be transferred with insurance, charities and trusts.  It just depends on how “creative” the individual wants to be.


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