An invitation to 401(k) owners
David Hyden, CFF?, NSSA?
Retirement Tax & Income Planning / Roth Analysis / Efficient Roth Conversions / Decumulation Strategies / Let me show you how to substantially reduce your taxes on Roth Conversions from 30% to 61%
Possible Explanation?#1: Most people don’t know plans like U-RIPs exist - and most financial professionals do not know how to structure it to be legally untaxed (not subject to taxation) for the plan owner.
Possible Explanation?#2: Most financial professionals present only commonly known financial solutions their company allows them to recommend.
Because of the excuses the financial services industry has made, today fewer than 0.09% of savers have an untaxed "U-RIP" Plan — while over half of Americans contribute to a “tax deferred” 401(k) or “capped contribution” Roth IRA.
Complaints Savers Have About Tax Deferred 401(k)’s:
??You owe taxes on compounding growth?(the minute you access the funds)
??You take all the risk because neither the growth or principal is guaranteed?(because most 401(k)s expose you to a potentially volatile stock market)
??Your savings are virtually trapped until you decide to retire?(and accessing sooner than 59 1/2 can be penalized up to 10% and that’s in addition to the taxes owed).
Complaints Savers Have About Roth IRA’s:
???You’ll pay taxes now, and get both your contributions and gains tax-free, but...
??You’ll only be able to save up to $6,000 per year,?limiting its potential
??You’ll take the risk of getting caught in volatile markets,?because your savings aren’t guaranteed - true of most 401(k)s as well
??Your savings are virtually trapped until age 59 1/2,?(unless you want to pay a 10% early withdrawal penalty and potentially taxes on the gain)
??You can’t put funds you have withdrawn back in the plan…you can only make new contributions which are limited
With an Untaxed U-RIP:
???You’ll never have to pay taxes on your gains, Period.?(This 100% legal plan must be set up and used correctly to be compliant with current IRS tax-code.)
???You’ll decide how much you want to save…not the IRS.?(Because there are no contribution limits)
???You’ll never have to report the “income” to the IRS.?(The IRS doesn’t classify it as “income” when accessed properly from this plan)
???You’ll sleep well because it comes with a Guarantee.?(When U-RIPs are created, the potential growth is locked in & guaranteed for 12 months - last year, it was common to have earned between 3-7%)
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???Your funds are 100% accessible if or when you need them.?(Your funds - both deposited & earned in the plan can be tapped into any time you want - without tax penalties (when used correctly) because the IRS does not classify it as “income” )
And the uses for a plan like this are virtually unlimited...
Wait!...
This Sounds “Too Good To Be True!”?Is It Real?
Yes. It’s as real as the earth beneath your feet...
In fact, a Plan like U-RIP isn’t a new plan at all.
Plans similar to these have been used by wealthy individuals, business owners, and families for over a century to build, then transfer vast fortunes in a legally untaxed setting.?
Following the 1929 stock market crash, famous retailer J. C. Penney used funds from his early version of a U-RIP plan to help meet the company payroll.
President John F. Kennedy had one.?
(As did many other Presidents) including: Cleveland, Taft, McKinley, and Roosevelt (in fact Roosevelt held nearly- $7 million in today's inflation adjusted dollars...in an early version of a U-RIP)
Even the late Senator John McCain used his plan to fund his cash-strapped Presidential run in 2008.
The big elephant in the room is..
Is an Untaxed Retirement Income Plan Available For Me Today?
A U-RIP is COMMONLY used by the super-rich…but you don’t need to be super-wealthy to qualify
Caution: a plan like this can only be technically set up if you qualify for it.
Take the easy 27-second quiz to discover if you qualify for a U-RIP.
Click the image to?see if you qualify for U-RIP
Tax-efficient Retirement Income Planning Specialist
1 年Why do you say, ‘Your savings are virtually trapped until age 65’? They are accessible at 59.5
Donald Moine, Ph.D., Industrial and Organizational Psychologist specializing in Sales, Marketing, Financial Services and Business Funding. Executive Coach. International Consultant. Speaker. Author.
1 年401(k)s have probably created more millionaires and multi-millionaires than any other program in American history. Also, there are ways of taking money out of 401(k)s that can save people tens of thousands to one million dollars or more in taxes. Dr. Donald Moine