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).
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You can’t put funds you have withdrawn back in the plan… you can only make new contributions which are limited
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 the 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%)
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!...
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.
The big elephant in the room is...
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 technically only be established if you qualify for it.
Even if you love your 401(k), a U-RIP can be the secret weapon that helps you to slash your taxes in retirement, allowing you to pocket 10%, 20%, 30% (or more) in additional spendable retirement income.
To see if you qualify, complete the quiz below:
30 Seconds To Pre-Qualify
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To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law.
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