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How would you like to discover tiny known retirement wealth building device that practically will pay for itself? You don't must go offshore to get tax free distributions for retirement, you don't must worry about tax free IRA distributions, & you don't must hide your money. It is perfectly legal right here in the United States & your assets never leave the United States. The principle is guaranteed, you will never lose your money in the stock market, actual estate market, commodity market, or any other market. There is a maximum return on your contribution, & in the event you die, your relatives will receive a death benefit.
Introducing the Roth on Roids
So, exactly what is a Roth IRA on Roids? Developed by Estate Street Partners, it is birth was a result of a seminar by Roccy DeFrancesco, who wrote a book called the Home Equity Management; fundamentally, this book is about repositioning your home equity so that you can buy a money value life insurance, which in effect is a wealth building device whereby you do not have contribution limits, nor do you require to have a job or earned income nor have age limitations. It grows income-tax free & the principle is guaranteed.
I was describing this to my son, & I was being animated like I found this great new device. & as I am going through it, I am also telling him that the principle is guaranteed & you will never lose your money. You cannot do that with a Roth IRA or a traditional IRA. His comeback to me was, "Well, gee Dad, that sounds like a Roth IRA on steroids." Well, I liked the idea a lot that I am trying to get the trademark for Roth on Roids.
The way to describe what Roth on Roids is as follows. A simplistic way to describe it is like a bank account that you would put in to a traditional bank, like a Bank of The united states only with a life insurance company so there is a death benefit. So again, it is like a bank account with an insurance company that has a death benefit. That is the simplistic approach.
It is guaranteed & you will never lose your money. It's a guaranteed maximum return & a maximum return. It grows tax free, the longer you let it grow, the greater it grows. Unlike a bank account where you are interested that you are going to pay income taxes on, life insurance firms don't pay income taxes. So, when you buy their products, there's no taxes due. There's taxes on the premium, but the growth has no tax. For example, in the event you wanted the absolute safest way to keep your money some place, you go to a bank & receive a safe deposit box. You cannot buy that kind of safety, because you cannot afford the cost of the safe deposit box, & that type of security.
So, when you buy a Roth on Roids, it's money value insurance for the sole purpose to accumulate the money, not the death benefit. The death benefit is incidental because it's to have a part of it. But using the example that you are 45 years elderly, you contribute $20,000 a year for 5 years, $100,000 goes in, & you let it grow tax free. At 65, you start to withdraw the money on the worth of the owner, the money value. In the event you die in year one after contributing the $20,000, you have a death benefit. The death benefit will be somewhere around $400,000-$500,000 depending on your specific health. In the event you die in year one, your relatives gets 4 or 5 hundred thousand as a death benefit. In the event you survive for 20 more years, you would get the benefit of 20 years of tax free growth. In this case, you would borrow $30,000 a year over a twenty year period, that is over $600,000 assuming a 30% tax bracket; in other words, you would require to gross earn at least $1,000,000 to get that benefit.
Roth on Roids has no limits as to how much you can contribute. On the other hand, there is a limitation for the traditional IRA & the Roth IRA. Contributions for IRAs are $5,000 a year & $6,000 in the event you are over the age of 50. That is not lots of money.
By: Rashid
Introducing the Roth on Roids
So, exactly what is a Roth IRA on Roids? Developed by Estate Street Partners, it is birth was a result of a seminar by Roccy DeFrancesco, who wrote a book called the Home Equity Management; fundamentally, this book is about repositioning your home equity so that you can buy a money value life insurance, which in effect is a wealth building device whereby you do not have contribution limits, nor do you require to have a job or earned income nor have age limitations. It grows income-tax free & the principle is guaranteed.
I was describing this to my son, & I was being animated like I found this great new device. & as I am going through it, I am also telling him that the principle is guaranteed & you will never lose your money. You cannot do that with a Roth IRA or a traditional IRA. His comeback to me was, "Well, gee Dad, that sounds like a Roth IRA on steroids." Well, I liked the idea a lot that I am trying to get the trademark for Roth on Roids.
The way to describe what Roth on Roids is as follows. A simplistic way to describe it is like a bank account that you would put in to a traditional bank, like a Bank of The united states only with a life insurance company so there is a death benefit. So again, it is like a bank account with an insurance company that has a death benefit. That is the simplistic approach.
It is guaranteed & you will never lose your money. It's a guaranteed maximum return & a maximum return. It grows tax free, the longer you let it grow, the greater it grows. Unlike a bank account where you are interested that you are going to pay income taxes on, life insurance firms don't pay income taxes. So, when you buy their products, there's no taxes due. There's taxes on the premium, but the growth has no tax. For example, in the event you wanted the absolute safest way to keep your money some place, you go to a bank & receive a safe deposit box. You cannot buy that kind of safety, because you cannot afford the cost of the safe deposit box, & that type of security.
So, when you buy a Roth on Roids, it's money value insurance for the sole purpose to accumulate the money, not the death benefit. The death benefit is incidental because it's to have a part of it. But using the example that you are 45 years elderly, you contribute $20,000 a year for 5 years, $100,000 goes in, & you let it grow tax free. At 65, you start to withdraw the money on the worth of the owner, the money value. In the event you die in year one after contributing the $20,000, you have a death benefit. The death benefit will be somewhere around $400,000-$500,000 depending on your specific health. In the event you die in year one, your relatives gets 4 or 5 hundred thousand as a death benefit. In the event you survive for 20 more years, you would get the benefit of 20 years of tax free growth. In this case, you would borrow $30,000 a year over a twenty year period, that is over $600,000 assuming a 30% tax bracket; in other words, you would require to gross earn at least $1,000,000 to get that benefit.
Roth on Roids has no limits as to how much you can contribute. On the other hand, there is a limitation for the traditional IRA & the Roth IRA. Contributions for IRAs are $5,000 a year & $6,000 in the event you are over the age of 50. That is not lots of money.
By: Rashid
