Create Your Own RISK-FREE Private Pension
- Brian Quigley
- Feb 21, 2022
- 3 min read
If you are 25 to 50 years old (older if you are willing to re-direct current retirement contributions to this plan) and are willing to invest in YOUR future for a comfortable retirement, then please read on and learn how to successfully create your own personal Pension Fund that is not at all tied to Social Security or the RISKS that can plague a 401k. I realize that 401k’s, IRA’s and Roth IRA’s, are all great vehicles, but they all come with too much RISK, and risk at a level that current and former Americans on a Pension have never had to endure.
If you are thinking of retiring comfortably at an age where you are young enough and healthy enough to actually enjoy your retirement, then I suggest you start building your “nest egg” as soon as possible. I assume that many of you are contributing to a 401k. Hopefully you are contributing the MAXIMUM amount. I suggest in most cases to continue on this path. Most people no longer work for a company that offers a Guaranteed Pension. Corporate America offers a 401k. I personally don’t agree with this delivery system, but it does have some flexibility that a Pension doesn’t have. However, with this flexibility comes lots of RISK and a HUGE TAX bill waiting to sock you in the gut when you want to cash in that 401k.
I am suggesting a strategy to diversify and reduce the stress/risk that follows every American worker contributing to a 401k. Risk that never goes away. It’s there, every second of the day. The product that I will show you eliminates risk. It comes with brakes, seat belts and air bags. But it also comes with a lot of growth potential that most risk-free products like CDs don’t provide.
The product is called an IUL. It is an insurance product that can offer the following:
1. Risk-Free growth. Account values can grow and lock in returns earned every year that the market goes up. Locked in gains and account values will not decrease when the market crashes. In 2008, the market crashed 40%. Millions of 401k’s lost significant amounts of money, and these losses jeopardized retirement dates. Many Americans had to put off retirement for years. This IUL product would have lost 0% in 2008. In fact, the market could go down 100% and an IUL will still have lost nothing!
If an IUL returns 10% in any particular year, that 10% is locked in forever. It can NEVER be wiped away. On the other hand, every dollar earned in every 401k is at risk every day and NEVER locked in. A 401k account could have a balance of $300k at the end of 2021, but that is only a “paper” value. At any time, the market could fall and lower that balance. It’s February 18, 2022, and the market and most 401k’s are in free fall. All prior gains are getting erased.
2. Tax free growth. Like a Roth, deposits into an IUL come after tax. Any growth that occurs is “free” from taxation. “Tax the seed, not the harvest.” I love paying my tax bill to Uncle Sam up front and then not having to pay taxes ever again. This cannot be over-stated. Taxes are a killer of wealth.
3. Tax free Income. Depending on when income is needed a policy holder can begin taking income from the policy for many years and even until death. This income becomes better than a PRIVATE PENSION because it also is tax free.
4. Tax free legacy via permanent Life Insurance. This is NOT a company policy. This is a private/personal policy that belongs to the policy holder as long as the policy is in force.
There are many financial and retirement solutions that an IUL can provide. The best thing to do is to set up a short meeting via Zoom so I can gauge exactly how to structure the IUL to meet each person’s individual needs. Then I can run an illustration to show you exactly how powerful and beneficial an IUL is.
This is not your grandfather’s insurance policy. This is a very safe and versatile product that checks off many boxes that no other investment product offers. So, take a few minutes to chat with me and see how an IUL can fit into your retirement portfolio and help you create your own tax-free personal pension!
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