06/15/2022
Using a Tax-advantaged account (TAA) or a Tax-deferred Account (TDA)?
Taxes are by far the biggest financial burden when it comes to building wealth.
In order to efficiently build wealth, the most intelligent investors have been using TAA like Index Universal Life (IUL) to maximize their investment and retirement savings.
The IUL, also known as the Family Bank Strategy (FBS), was first approved by the United States Congress under the IRC 7702 in 1913. (IRC = Internal Revenue Code).
As of January 2021, you can now put more money than ever before into an IUL account to avoid unnecessary spending on taxes. Money put in this account grows Tax-Free so you can retire without paying a dime to Uncle Sam.
Unlike most traditional retirement or investment accounts like the IRAs, Roth IRA, 401(k), 403(b), this account has the following extra benefits:
1. No contribution limit.
2. No early withdrawal penalty.
3. No limit on how much you can take out of your account.
4. Higher rates of returns on your savings (average 7 - 15% depending on the index used).
5. Your principal and interest are protected against market losses.
6. Your retirement income is tax free.
7. There's one more BIG advantage...
The biggest advantage of the IUL or Family Bank Strategy, is it comes with an insurance component that can help pay for your mortgage, debts, or medical expenses while you're alive or simply leave a huge legacy to your loved ones!
Even your kids can qualify for an IUL that can be used to pay for tuition, marriage expenses, first car, first home or literally anything without having to plunge into debts.
This account grows your money up to 15x or more if designed and funded correctly according the IRC 7702 provisions.
Take advantage of the new IRS provisions for IRC 7702, now!
Click "LEARN MORE" below to quickly complete the pre-qualification form and book a strategy call with one of our financial experts.