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Tax Advantage Vehicles

 

 

Do you think tax rates in the future will be lower, about the same or higher in the future?

If you’re like 99.8% of Americans, you think it’s highly likely tax rates will go up in the future. If so, wouldn’t it make sense to invest in way that allows your gains to grow in a way that minimizes your tax obligation in the future?

You can defer taxes today by making contributions into the standard 401(K) plan or traditional IRA. But you may be setting yourself up to pay from 5 to 15 times the taxes in the future than you’ll save during your contribution years. Does that seem like a good idea to you?

There are two preferred vehicles you can use that allow your money to grow free of taxation and allow you to access your money tax free in the future. You may be able to benefit from one, or perhaps both.

Tax to Tax Free

If you have a traditional IRA, over the next few years the government will allow you to convert it into a Roth IRA without the usual restrictions that apply. If you haven’t done so already, learn the details here


Specific Insurance Vehicles

Roth IRA’s a great if you qualify for them. For those who don’t, there’s a preferred tool that allows your money to grow very much like a Roth, however, with a few extremely advantageous features

  • Your principal is protected against downside movement in the equity markets and you still receive a competitive rate of return on your money,
  • You can’t be disqualified by the amount of money you make,
  • You can put away a much larger amount of money each year than you can in a Roth IRA,
  • You can access your money for any purpose before your retirement age, as long as you follow a few simple rules,
  • You’ll be able to transfer the money to your heirs, tax free, in the future.

It’s not for everyone. But if you can take advantage of this and become your own ‘bank,’ you’ll achieve a level of financial security and liberation that will give you the kind of confidence and peace of mind we all hope to enjoy. Learn how Indexed Universal Life Insurance Contracts have been used by the wealthy and financiers for decades and whether it might work for you:


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