Missed Fortune Super Blog

A Savings Vehicle That Makes All the Difference

Missed Fortune – Set Up Your Family-Empowered Bank To Limit Taxes

Posted on | May 2, 2010

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Family-Empowered Banks Beat IRAs Hands Down

We know that in the next year income taxes will go up at least 5 percent. And the taxes to cover health care reform will be about another 3 percent.

Our clients realize that it’s better to pay taxes now rather than postponing them and paying 8 to 10 percent more if they don’t convert their IRAs and 401(k)s now.

The government currently has $62 trillion in unfunded liabilities. The writing is on the wall: Taxes will go up, as will inflation.

You need to learn how to use the internal revenue code to your advantage to create a family-empowered bank.

In a family-empowered bank using innovative life insurance contracts, your money grows tax-free, you can withdraw it tax-free, and it transfers to your heirs tax-free.

In these life insurance contracts I’ve averaged about 9 and a half percent returns for the last 30 years. About 1 percent of this pays for life insurance, which comes along for the ride and gets paid for by Uncle Sam.

This means I’ve averaged an 8.2 percent cash on cash return. Every $1 million I accumulate generates $70,000 per year of tax-free income.

When I die my family will receive millions of dollars of tax-free life insurance proceeds.

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

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Comments

3 Responses to “Missed Fortune – Set Up Your Family-Empowered Bank To Limit Taxes”

  1. Belle Curd
    June 13th, 2011 @ 11:17 pm

    Just read Last Chance. Great Book. Although I am 82
    and a Canadian where the rules are different i HAVE BEEN VERY BLESSED. I would like to learn more so if you know anyone versed in Duel citizens please have them contact me. It is my ambition to move to Hawaii at least 6 months at a time but no company I know will mortgage me a place to live. They want me to use my Canadian cash and from your book I know that’s not where it’s at in the U.S.

  2. Tonie Jones
    June 22nd, 2011 @ 8:53 pm

    I was so excited when I read your book however I am way over 30. Who do I contact to inquire about the maximum funded insurance contract? Also I am recently divorced and is trying to purchase property and finding I am not qualifying for very much because of two student loans. Should I pay one of the loans off?

  3. admin
    June 23rd, 2011 @ 8:29 am

    Tonie, your best next step is to attend our weekly webinars on Tuesday at either 11am or 6:30pm Pacific. You can register at http://www.missedfortuneradio.com/webinar.html

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