Tax free foundational asset retirement
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Tax free foundational asset retirement Presentation Transcript

  • 1. Breakthrough Anti-Tax Money Strategy!
    End Taxes on Non-IRA Savings & Investments and. . .
    Be Able to Spend 25 to 46 Percent More Income When You Retire, Tax-Free!
    Foundational Asset Management™
  • 2. Mission Statement
    We are dedicated to helping you grow your wealth and stay wealthy through the application of cutting edge Foundational Asset Strategies™ that will enhance your estate, improve your lifestyle and provide a safe, comfortable and rewarding retirement.
    Foundational Asset Management™
  • 3. Sound Principles to Follow
    • Security
    • 4. Predictability
    • 5. Choice
    • 6. Control
    Foundational Asset Management™
  • 7. Tax
    Favored
    Tax
    Favored
    Taxed
    Taxed
    Four Phases of
    RETIREMENT PLANNING
    IRA / 401(k)
    CONTRIBUTION
    ACCUMULATION
    WITHDRAWAL
    Your benefits will be taxable at retirement, and probably at a
    higher tax rate.
    TRANSFER
    Foundational Asset Management™
  • 8. The Nation's Bulging Debt is now $12 Trillion
    12/09/2009
    After $787 billion in stimulus spending and $700 billion in bank bailouts, 2010 is fast shaping up to be the year of the federal budget diet
    Bipartisan support is growing in Congress for action to stabilize the nation's debt
  • 9. $1 Trillion in just
    Interest per Year
    The Congressional Budget Office projects annual interest on the public debt would be about $800 billion by 2019, but the Heritage Foundation's Brian Riedl and other analysts estimate it could surpass $1 trillion by then.
    Who is going to pay
    all this interest?
  • 10. The only solution seems to be…
    Higher
    Taxes!
    Foundational Asset Management™
  • 11. Deferred Tax Retirement Plans
    • There is currently $3.7 trillion in IRA’s in the US today that have not been taxed.
    • 12. Taxes on these funds have only one logical direction, and that is to increase!
    Foundational Asset Management™
  • 13. Whose Retirement Are We Really Planning?
    Ours or Uncle Sam’s?
  • 14. Withdraw a net $75,000 per year
    from a $1 million IRA earning 7.5%
    in a 35% tax bracket
    $1,000,000 Account Value
    7.50% Rate of Return
    35% Tax Bracket
    $115,385 Total Withdrawal
    $75,000 Net
    Foundational Asset Management™
  • 15.
  • 16. Withdraw a net $75,000 per year
    from $1 million earning 7.5%
    in a 0% tax bracket
    $1,000,000 Account Value
    7.50% Rate of Return
    0% Tax Bracket
    $75,000 Total Withdrawal
    $75,000 Net
    Foundational Asset Management™
  • 17.
  • 18. Tax Free Alternatives
    • Roth IRA
    • 19. Roth 401(k)
    • 20. Municipal Bonds
    • 21. Equity Index Life Insurance
    Foundational Asset Management™
  • 22. Tax-Free Options
    • Roth IRA: Good…but with limitations
    • 23. $5,000 max contribution per year < 50 years old
    • 24. $6,000 per year > 50 years old
    • 25. $0 per year if income > $116k (single) or $169k (married & filing jointly)
    • 26. Roth 401(k): better…if you can get one
    • 27. No income restrictions to contribute
    • 28. Existing 401(k) contribution limits remain
    • 29. $16,500 annually total <50
    • 30. $22,500 annually total>50
    Foundational Asset Management™
  • 31. Tax-Free Options
    • Equity Index Life insurance:
    • 32. No age or income restrictions
    • 33. Guaranteed safety, exceptional liquidity
    • 34. Outstanding, TAX-FREE rates of return
    • 35. Section 7702 and 72(e)
    Foundational Asset Management™
  • 36. Section 72(e) and 7702
    • The most unique feature of permanent life insurance is that under Section 72(e) and 7702 of the Internal Revenue Code the accumulation of cash inside the insurance contract is tax advantaged. Not only can the cash value accumulate tax free, but the cash can also be accessed tax free.
    • 37. Hence, the beauty and magic of life insurance: It is a unique vehicle that allows tax free account value accumulation, allows you to access your money tax free, and, when you die, blossoms in value and transfers income tax free!
    Foundational Asset Management™
  • 38. Equity Index Life Policy
    Ceiling
    Goals
    “Cap”
    • Have the potential for
    market gain without risk of
    principal
    14.00 %
    • Use of an index like Standard
    and Poor’s 500 or the DOW
    • Guarantee of principal
    2.00%
    Floor
    Foundational Asset Management™
  • 39. The Powerful Advantage of
    Locking in AnnualGains
    $126,225
    12.5%
    $111,375
    12.5%
    2%
    $112,200
    $110,000
    12%
    Gains
    Become
    Principal
    10%
    $100,000
    -10%
    $99,000
    That is a$14,850difference because of the annual lock in and reset.
    Foundational Asset Management™
  • 40. How Index Reset Works
    $117,810
    $136,989
    920
    940
    14%
    Cap
    2%
    Floor
    650
    $120,166
  • 41. Average
    Tax equivalent is
    11.23 %
    Average
    Tax equivalent is 2.49 %
  • 42. Recovery of Losses
    Edward Winslow,
    Author of, Blind Faith,
    “96% of professional money managers do worse than the S&P 500 index”.
    “It will take the average household over thirty years to recover the wealth lost in 2000 and 2001 from market declines”.
    Foundational Asset Management™
  • 43. Protected Investment
    Edward Winslow,
    Author of, Blind Faith,
    “If unprotected against loss, an investment in stock or an equity mutual fund is nothing more than a gamble”.
    “The primary objective of an intelligent investment strategy should be to preserve capital and build on it at a consistent, moderate rate in both bull and bear markets”.
    Foundational Asset Management™
  • 44. The Advantages of Equity Index Life
    • Distributions from an Equity Index Life Contract are NOT included in income calculations for Social Security Taxation
    • 45. Principal guarantees
    • 46. Annual lock-in of index gains, annual reset of index
    • 47. Minimum rate of return combined with maximum cap on gains
    • 48. Tax free distributions
    Foundational Asset Management™
  • 49. National Debt and Social Security
    In 2016 we will begin paying more in benefits
    than we collect in taxes. Without changes, by 2037
    The Social Security Trust Fund will be exhausted*
    and there will be enough money to pay only about
    76 cents for each dollar of scheduled benefits. We
    need to resolve these issues soon to make sure
    Social Security continues to provide a foundation
    of protection for future generations.
    Foundational Asset Management™
    1. Social Security Administration sample statement from www.ssa.gov
  • 50. How can you reduce your Social Security Taxation?
    Distributions from
    Equity Index Life contracts
    are NOT included in
    income calculations for Social
    Security Taxation!
    Foundational Asset Management™
  • 51. Mortality &
    Expense
    Charges
    Equity Index Life Policy
    A Tax-Free, Non-Qualified Retirement Plan
    Premium Contributions
    Compound Interest
    Maximum
    Premiums
    Minimum
    Death Benefit
    Dictates the minimum death benefit required based upon the insured’s age and sex to
    accommodate the desired premium.
    Grandfathering provision
    TEFRA 1982
    DEFRA 1984
    TAMRA 1988
  • 52. Resources to fund an Equity Index Life Policy
    Under performing assets
    Savings
    Excess 401(k) contributions
    Old 401(k) and IRA’s
    Real Estate equity
    Accumulated
    Money
    Lifestyle
    Money
    Wealth
    Transfers
    Credit Card Payments
    Excess Mortgage Payments
    Old Life Insurance Premiums
    Taxes on Social Security
    Foundational Asset Management™
  • 53. Top FAQ’s
    What is the risk of the insurance company going bankrupt?
    Foundational Asset Management™
  • 54. Legal Reserve Life
    Insurance Company
    A life insurance company that maintains reserves at least equal to the minimum prescribed by law or regulation in the state in which it does business. These reserves are based on actuarial formulas and are designed to allow the company to meet all of its financial obligations.
    Foundational Asset Management™
  • 55. Top FAQ’s
    What is the risk of the insurance company going bankrupt?
    With the government needing so much money these days, won’t it take away the tax exemption of life insurance?
    Foundational Asset Management™
  • 56.
    • Our government knows that most people will be shortsighted and not take advantage of this opportunity people tend to focus on the short-term cost and not the tax-free windfall they will receive later.
    Foundational Asset Management™
  • 57.
    • Our government is broke. This is why they encourage us through tax deductions to give to charity, the more we give the less burden put on Uncle Sam. It’s the same with life insurance. The government wants us to use life insurance to help take care of our families so they don’t have to.
    Foundational Asset Management™
  • 58.
    • 80% of our senators and representatives use the life insurance exemption themselves. It is unlikely our legislators would wipe out a perk that benefits them.
    Foundational Asset Management™
  • 59. Top FAQ’s
    What is the risk of the insurance company going bankrupt?
    With the government needing so much money these days, won’t it take away the tax exemption of life insurance?
    Can I move my 401(k) or IRA into an Equity Index Policy?
    Foundational Asset Management™
  • 60. If your over 59 ½ years old you can move money from a qualified plan into an equity index life contract. You will be required to pay the tax on the funds using the current tax rates in the year the premiums are paid.
    Foundational Asset Management™
  • 61. If your under 59 ½ years old you can utilizing IRS code 72(t) to transfer funds into the policy. This is a structured distribution I rarely recommend. A better strategies is to redirect annual contributions going into a qualified plan above your employer’s match to fund the policy.
    Foundational Asset Management™
  • 62. Top FAQ’s
    What is the risk of the insurance company going bankrupt?
    With the government needing so much money these days, won’t it take away the tax exemption of life insurance?
    Can I move my 401(k) or IRA into an Equity Index Policy?
    If I have health issues can I still utilize this strategy?
    Foundational Asset Management™
  • 63. There are 3 components to a life insurance policy
    • The owner
    • 64. The insured
    • 65. The beneficiary
    All three of these components can be held by different people. You do not have to be the insured to be the owner of the policy. Many of our clients are not the insured, but own and control the cash distributions of the equity index life contract.
    Foundational Asset Management™
  • 66. “Amerinsur” Seminar Evaluation
    Foundational Asset Management
    I wish to take advantage of a FREE CONSULTATION and ANALYSIS
    [ ] Yes [ ] No
    I would like to meet in your office concerning: (  all that apply)
    A comprehensive analysis of my current life insurance portfolio and advantages of converting to an Index Universal Life Contract.
    Tax-free retirement alternatives to IRA’s, 401 K’s, etc.
    Convert my IRA to a Tax-Free Roth IRA.
    Tax-free college funding
    Using the Index Universal Life Contract to build a Tax-Free Retirement
    Foundational Asset Management™
  • 67. Schedule a Consultation
    With This Breakthrough Strategy You Have Thousands of Dollars of Tax-Free Income to Gain and Nothing but Taxes to Lose!
    Foundational Asset Management™