The best selling book by Patrick Kelly, Tax Free Retirement ia a classic and a must read. The facts are a 401k, IRA, Mutual Funds, CD'S and stocks are either taxable or tax deferred. My definition of "tax deferrd" is a code word for "tax delayed." Tax free investments can be possible in only three ways. Do you know them?
Here goes;
1) Municipal Bonds
2) Roth Ira
3) Life insurance
Yep, life insurance. The old myth of buy term and invest the difference is proven to be bad advise especially after $ 90 billlion of weath in 2010 was wipped out by the markets and have caused seniors to panic. Those TV AND RADIO authorities have preached bad advise when it comes to life insurance. A life insurance contract is considered a "non -qualified" plan and not subject to tax when transfered to a spouse or family member or over- funded by putting money into the contract and withdrawals are tax free.
What if you can have a life contract with a "Roth Ira" rider in the plan so any gains in trading of stocks, mutual funds etc. are tax free? Does that have any interest to you and your family? Plus, the life plan has a 5% quaranteed rate and a 3% floor and a 7.!% five year rate in years 2-til!
For more information -- 717-300-1455
Book Patrick to speak at your meeting or convention by contacting
Mike Tendler, 866-345-7372 or email miketendler@msn.com
No comments:
Post a Comment
Not exactly. Bonds and money markets are at an all time low. I don't have a crystal ball but it seems college costs are rising a heck of alot faster than that of those stratagies and will continue to do so especailly now that the governmnet is talking over student loans. There is a great way to save for college costs that may suprise you. Remember, if your student does not attend college you may have a problem with a 529. I have an idea to share with you.....let's talk!