Did you know that the 401K is not free? In fact, 14% of the people think it's free, but it's not! In this video, let's find out the truth about retirement plans and how to protect your money with the Become The Banker strategy. Become the Banker: My Money My Way: Subscribe to Become The Banker for more: Connect with us: Website: Facebook: Instagram: At becoming the Banker, we believe clarity is our mission and certainty is our solution by only using SAFE money strategies. We’re a holistic family-owned financial planning firm with over 70 years of combined successful experience that will help you create and protect wealth without risk. We’re also a Financial School (Larry Larsen’s Eagle Educational Systems, LLC.) registered with the Division of Insurance in over 12 different states. We provide Continuing Education and Pre-licensing education credits for financial professionals such as CFP’s, CPA’s, Financial Advisors, and Insurance Representatives to ensure that their professional licenses remain active. Feel free to call us to set up free consultations at (303) 779-6600...(read more)
LEARN MORE ABOUT: Qualified Retirement Plans
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Retirement plans have been put in place to provide financial security in our later years. However, not all plans are created equal, and it's important to understand the pros and cons of each plan to make an informed decision. One popular retirement plan is the 401(k) plan. This plan allows employees to contribute a percentage of their income to a tax-deferred investment account. Employers often match a portion of the contribution, making it a tempting offer. However, there are drawbacks to this plan. First, withdrawals are taxed at ordinary income rates, which can be higher than capital gains rates. Second, the plan is subject to market fluctuations, which can result in significant losses during downturns. Another retirement plan is the traditional IRA. Like the 401(k), this plan allows for tax-deferred growth, and contributions are tax-deductible. However, contributions are limited to $6,000 per year or $7,000 for those over 50, and the plan is also subject to market volatility. A Roth IRA is a popular alternative to the traditional IRA. Contributions to Roth IRAs are not tax-deductible, but withdrawals are tax-free in retirement. Additionally, there are no required minimum distributions, meaning the funds can continue to grow tax-free indefinitely. However, there are income limitations to contribute, and contributions are limited to $6,000 per year or $7,000 if over 50. Lastly, there is the option to "become the banker" by using a specially designed dividend-paying life insurance policy. These policies provide guaranteed returns and protection for beneficiaries while also allowing for tax-free withdrawals in retirement. Additionally, there are no government-imposed contribution limits or market fluctuations to worry about. In summary, retirement planning requires careful consideration of one's goals and needs. While traditional plans like the 401(k) and IRA may be tempting, they have limitations and risks. "Become the banker" plans provide a unique alternative that allows for guaranteed returns and tax-free withdrawals, making them a valid option for those seeking financial security in retirement. https://inflationprotection.org/the-truth-about-retirement-plans-become-the-banker/?feed_id=76658&_unique_id=6407a9adf4072 #Inflation #Retirement #GoldIRA #Wealth #Investing #BecometheBanker #CreatingWealth #EliminatingStockMarketRisk #FinancialSecurity #QualifiedRetirementPlan #BecometheBanker #CreatingWealth #EliminatingStockMarketRisk #FinancialSecurity
Comments
Post a Comment