In this short video we answer the question on everyone's mind, what is a 702(j) account. Visit http://www.Free702Book.com for more details.
What are 702 j retirement plans – What is a 702 j retirement plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of 702 j retirement plans for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a 702 j retirement plan. 702 j retirement plan: The New Qualified Retirement Plan Did you know that permanent life insurance is considered the new qualified retirement plan? I didn't either until I came across a revolutionary product. Let me share some facts about traditional qualified retirement plans and how they compare to a properly structured permanent life insurance policy. A qualified retirement plan according to the IRS includes 401K, individual retirement accounts (IRAs), pension plans and annuities. While the structures of these plans are good, they are not the best. Here are some known facts about retirement plans: Retirement plan savings are accumulated tax deferred. Although the money is tax deferred, have you ever thought about what tax bracket you will be in when you retire? More than likely it will be the same bracket you are currently in or a higher bracket because of the amount of money you will need to withdraw monthly to maintain your lifestyle. Who wants to pay more taxes when they retire? Not me. Retirement plans have a maximum contribution amount per year. Now let's be clear that I am only speaking about retirement plans that you as the owner can contribute to. There are plans such as pensions and defined benefit plans that only an employer can make the contribution to. A 401K has a $17,000 and individual retirement accounts (IRA) have a maximum $5,000 contribution limit per year. What if you want to save more? Retirement plans have required minimum distribution age. The Uncle Sam, wanting to keep his hand in your pockets as usual, requires that you must start making withdrawals from your retirement plan by age 70 ½, unless it is a Roth IRA. Whether you need the money or not Uncle Sam forces you to receive regular distributions based on a calculation they came up with AND you have to pay taxes on it. Retirement plans cost you early withdrawals fees and penalties. Now suppose you need the money before you turn 59 ½, do you think you can take what you want with no problem? Nope. If you make a withdrawal before you are 59 ½ you will not only have to pay tax, but also a 10% penalty fee. But isn't it your money? Now let's compare these same benefits of retirement plans to a permanent life insurance policy. Permanent life insurance policies include a cash value account. This account is, in simple terms, a savings account that can be used as a retirement account. Did you know that IRS code 7702 states that you can use a retirement account as a supplement retirement account? It is truly an amazing thing. Let's compare. Life insurance cash accounts are accumulated tax-free. That's right tax free. Since you pay your life insurance premium after tax, the monies allocated to your cash account are after tax. This means that if and when you decide to pull funds out of your account, you will not have to report them to the Uncle Sam. Life insurance cash accounts have a higher maximum contribution limit. I would love to tell you that you can shelter any amount of money you want in a life insurance policy but that is no longer the case. At one point in time you in fact could do this but over the years the rules have changed. However, the great thing about this limit is that it is based on the size of your policy and how much you contribute above your premium every year. As a result, this limit can be higher than the $17,000 maximum 401K limit. Life insurance cash accounts can be withdrawn at any time. The cash accumulated in a life insurance contract can be taken out at anytime. The key is to withdraw these funds as a loan and not as a basic withdrawal. Why you ask? As a withdrawal, there is a possibility that you will have to pay taxes on the interest earned in that account. But with a loan you will not have to pay any tax. In fact you won't even have to pay the loan back. As long as the policy is current, the loan balance will remain. In the event that the funds have to be distributed to the beneficiary, the loan balance will be deducted from the payout amount. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: 702 j retirement plan annuities 702 j retirement plan income 702 j retirement plan explained 702 j retirement plan reviews 702 j retirement plan review What is the best fixed indexed 702 j retirement plan vs the top immediate income 702 j retirement plan
I just received a call from a client who asked me, "What is a 770 account?" The question bothered me a little bit because I consider myself on top of what's going on in the financial world. It's relatively rare that I hear about a new investment, investment account, or investment strategy before I read about it in the financial literature. (Visit this news article at: http://www.michaeldallas.com/beware-of-770-accounts/) So after a little research, I found several reference to the so-called "770 Accounts." I found they actually have other names as well. Among them are "Presidential Accounts" and "Infinite Banking Accounts." What you need to understand is that this is just a marketing ploy. In fact, there is nothing in the law or IRS Code called a "770 Account." The ploy is simple. These names are made up by life insurance salesmen to sell you a whole life insurance policy without saying the word "life insurance." My best guess from where they get the name "770" is that section 7702 of the IRS tax code defines what life insurance is. There are two things that bother me about this. First, I think that this is just outright deceptive. There is no such thing as "770 Account." It's a made up name. The second thing that bothers me is that life insurance agents are selling whole life insurance as an investment. I believe that life insurance is a miserable investment. For the majority of people, life insurance should only be used to hedge against the financial risk of someone dying -- not used as an investment. So, if you hear about the mysterious "770 Account," just know that some life insurance salesman is trying to sell life insurance without calling it life insurance. I will see you next time. I'm Michael Dallas
What are the best retirement plans – What is the best retirement plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of retirement plans and learn how you can avoid the most common mistakes that individuals have made when looking to set up the best retirement plans. How to Find the Best Retirement Plans? Here's How People think it is really hard to find the best retirement plans. Actually, the truth is, it is not hard at all. It is very easy. A good retirement plan is something that ensures financial security. It is as simple as that. How do you define financial security? By the time you retire, you should have built quit a nest egg that you don't have to depend on either your friends or the government for your daily needs. Sounds simple, right? Before we discuss further about retirement plans, I need to ask you a question. Are you in charge of your money? Do you have the freedom to invest your money wherever you want or are you still dependent on your employer to make all these decisions? The answer to these questions decides how your post retirement life will be. Unfortunately, a lot of people do not put their retirement funds to good use. The funds remain dormant in their traditional accounts due to two important reasons. Here they are. A lot of people are unaware of the fact that they can do something with their retirement funds. You can actually opt for a self directed IRA (individual retirement account) and invest your retirement funds whichever way you want and make lots of profit. A lot of people are not aware of this at all. People think that they lack the financial acumen to be able to make the right investment decisions. They think of options like the stock market and they are wary of the fact that they could lose their money by the thousands by investing in a volatile market. So, they decide to play safe by earning a tiny little interest on their retirement funds. Like I already said, the best retirement plans are the ones that give you financial freedom. How do you get financial freedom? Simple - by getting higher returns on your investment, you can safely build a nest egg for your post retirement life. How do you get higher returns? Again, the answer is simple - by investing wisely. How do you invest wisely? Now, this is a very important question. Let us take a detailed look at the answer now. To invest wisely and to pick the right retirement plans, you need to have freedom. In other words, you should be in charge of your own money, not your employer. With traditional retirement accounts like 401Ks, you are always dependent on your employer. Pick the right investment option, get steady returns, and enjoy complete financial freedom in your post retirement life. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: best retirement plans annuities best retirement plans income best retirement plans explained best retirement plans reviews best retirement plans review What is the best fixed indexed best retirement plans vs the top immediate income best retirement plans https://www.youtube.com/watch?v=_gINxOpI5kA
Listen to Dan Live everyday at https://www.financialissues.org Like Dan on Facebook: https://www.facebook.com/financialissues Follow Dan on Twitter: https://twitter.com/financialissues Watch & Listen to the Truth: Dan's Commentary 2016 Republican President will improve US Markets: http://bit.ly/1TlEDWb Exclusive Interview w/ Gov. Mike Huckabee: http://bit.ly/fismgovh Economic Armageddon / Keep Cash at Home: http://bit.ly/1QpTWu8 Let's be real the Economy is Bad: http://bit.ly/1OMPQMd Financial Issues - Program April 5, 2016 *Information given by Dan could be based upon time sensitive market data or economic situations that are subject to change.
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Are you interested in Eiffel 65 news? Subscribe to the channel: http://bit.ly/1jVW9Sz ★ Buy "Blue(Da Ba Dee)" On Itunes: http://apple.co/1Kty2Ab GooglePlay: http://bit.ly/1MXcG4w ★ Listen: Spotify: http://spoti.fi/1XokAHa Deezer: http://bit.ly/1jYzB3K Blue (Da Ba Dee) is the title of the debut single of the Italian Eurodance band Eiffel 65, extracted from the first album "Europop". The single released in 1998 topped the charts of 17 countries and reached the #6 of the American Billboard chart becoming a worldwide hit. It's included in Marvel's "Iron Man 3". in theaters May 3, 2013. November 2016, the video reaches 100.000.000 views on YouTube. THX! From March 2017 it is featured in the "Smurfs: The Lost Village" soundtrack! ★ Stay connected with Bliss Corporation★ http://www.blisscorporation.com http://www.facebook.com/blisscorporation http://www.twitter.com/blissco http://www.google.com/+blisscorporation http://www.youtube.com/blisscorporation Welcome to the Official BlissCo YouTube home page!!
https://www.youtube.com/watch?v=YiUrDzMwGOc Walking Over Hoover is about crossing the pedestrian bridge over the Hoover Dam, the third largest dam in the United States. In 2010 the Mike O'Callaghan - Pat Tillman Memorial Bridge was completed. This footage shot in 2014. RT 2:46 https://youtu.be/YiUrDzMwGOc From Wikipedia: “Hoover Dam, once known as Boulder Dam, is a concrete arch-gravity dam in the Black Canyon of the Colorado River, on the border between the U.S. states of Nevada and Arizona. It was constructed between 1931 and 1936 during the Great Depression and was dedicated on September 30, 1935, by President Franklin D. Roosevelt. Its construction was the result of a massive effort involving thousands of workers, and around one hundred lives were lost during the building of it. The dam was eventually named after President Herbert Hoover.” Architects: Henry J. Kaiser · Gordon Kaufmann From USA Today, Rita Kennedy, Phd: "Before the dam was built, the southwest had several areas where farming was impossible due to the lack of water. The Imperial Canal project, begun in 1900, took water from the Colorado south towards the Mexican border and showed that irrigation made settlement possible. By 1905, about 67,000 acres of land could be cultivated due to the canal's irrigation, allowing the towns of Calexico, Imperial and Mexicali to be established. In all, about 12,000 people lived on the irrigated land. Today, the dam irrigates more than one million acres in the United States and a further half million acres in Mexico, enabling those areas to produce fruit, cotton and grain. Water Supply: The authorities also hoped the dam could provide a more reliable supply of water for towns and cities than had been possible before its construction. The resultant water enabled the development of Las Vegas and other planned communities in southern Nevada, including Green Valley and Summerlin. Today the dam provides water for communities in Nevada, California and Arizona, including Los Angeles, Phoenix and San Diego, supporting an estimated 18 million people. Flood Control: Damming the Colorado removed the danger of flooding from the area below the dam. In the early years of the 20th century, flooding was a regular hazard for local farmers and flooding in the Imperial Valley between 1903 and 1907 led to extensive crop losses, disastrous for individual farmers and for the local community. With the dam in place, authorities could control the flow of the river downstream and prevent floods. Hydroelectric Power: Hydroelectric power was not part of the original plan for the dam but between 1939 and 1949 a power plant was inserted into the structure. When it was installed, the plant was the largest of its kind in the world. The design features 17 turbines located at the base of the dam, generating more than 4 billion kilowatt hours annually." Hoover Dam is made from 3.25 million tons of concrete and weighs more than 6.5 million tons. I like this video on the topic from A&E Networks: http://www.history.com/topics/hoover-dam Learn more about other productions from Art Promotions at http://www.artprofilms.com Help us caption & translate this video! http://amara.org/v/9XpB/ -~-~~-~~~-~~-~- Please watch: "Subscribe Now to YouTube Channel blessings427" and SUBSCRIBE to this channel "blessings427" while it is still FREE! https://www.youtube.com/watch?v=u7Uq2JBhYII -~-~~-~~~-~~-~-