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A Savings Vehicle That Makes All the Difference

Missed Fortune – Your Future Is as Bright as You Make It

Posted on | April 29, 2012

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Confidence Attracts Opportunity

Wouldn’t you rather face the future with a sense of clarity and absolute confidence?

Think of the abundance and peace that you’ll feel when you know that you won’t be outliving your money after retirement. Imagine the energized feeling that comes from being balanced in your financial life by focusing on what matters most.

Confidence is what attracts opportunities while lack of confidence acts as a repellent to opportunity. This is understood by the most savvy investors, CPAs and tax attorneys, and it’s within your reach as well.

To approach your future with certainty, there are three truths you must understand.

  1. There are absolute principles that will allow you to plot an unerring course to that brighter future.
  2. There are certain concepts and strategies that will allow you to apply those truths to your specific circumstances.
  3. There are also unique and predictable tools that help you implement those strategies.

With these three truths as your foundation, you’re ready to move toward taking ownership of your financial future by eliminating the obstacles that might stand in your way. Among these obstacles is the danger of taxes rising dramatically in the coming years, the prospect of rising inflation and continued market uncertainty.

Three Marvels That Make All the Difference

There are three marvels that enable you to stop relying on government to provide for your financial future and to take charge of where you’re going.

The first is compound interest. To illustrate the power of compounding, imagine that you could physically fold a simple sheet of copy paper in half, effectively doubling its thickness, for 50 times. What starts out at just 5/1000 of an inch in thickness would reach an astonishing 93 million miles in thickness by that 50th folding. This is why it’s essential to get in gear today. The sooner you start using compound interest, the sooner your money can experience real growth.

The second marvel is a tax-free environment in which your money can accumulate. People who accumulate their retirement nest egg in an IRA or a 401(k) have chosen to defer the tax burden until they begin to access those funds. This means that, even at today’s tax rates, most of them will end up paying roughly a third of their savings to the IRS in the form of taxes. Instead of a saving your serious money in a tax-deferred vehicle, you could watch it accrue in a tax-free vehicle where your money is taxed before going in and then never taxed again.

By choosing this approach, your money grows tax-free, it remains tax-free when you start to withdraw it, and when you pass away, and it transfers to your survivors tax-free as well. The vehicles by which you can enjoy tax-free growth have long been grandfathered into the IRS code. The only reason more people don’t use them is because they don’t know what they don’t know.

The third marvel is the use of safe, positive leverage, by which a person can create predictability. Market volatility has led to some long faces on people whose money was directly exposed to the risks of the market. Many of these folks saw the value of their IRAs and 401(k)s drop by more than 39% just a few years ago, and that’s a lot of ground to have to make up.

With an indexing strategy, you can predictably and safely preserve your principal, keeping it safe from risk yet enjoying any upside potential when the market expands. This marvel alone could spell the difference between a future of abundance and the sickening prospect of outliving your retirement money.

Combined with the other marvels and the other Missed Fortune strategies, you’ll look to the future with certainty and clarity.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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