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Roth IRA on Roids Improve Your IRA & Retirement Plan Investing

How would you like to discover little known retirement wealth building tool that practically will pay for itself? You don’t have to go offshore to get tax free distributions for retirement, you don’t have to worry about tax free IRA distributions, and you don’t have to hide your money. It’s perfectly legal right here in the United States and your assets never leave the United States. The principle is guaranteed, you will never lose your money in the stock market, real estate market, commodity market, or any other market. There is a minimum return on your contribution, and if you die, your family will get a death benefit.

Introducing the “Roth on Roids”

So, exactly what is a Roth IRA on Roids? Well, it’s my own invention. I was listening to a seminar put together by Roccy DeFrancesco, who wrote a book called the Home Equity Management, and basically, the whole book is about repositioning your home equity so that you can buy a cash value life insurance, which in effect is a wealth building tool whereby there are no limits on how much you can contribute, you do not have to have a job or earned income, you do not have to have age limitations. It grows income-tax free, the principle is guaranteed. I was describing this to my son, and I was being very animated just like I found this great new tool. And as I’m going through it, I’m also telling him that the principle is guaranteed, you will never lose your money. You can’t do that with a Roth IRA or a traditional IRA. His comeback to me was, “Well, gee Dad, that sounds like a Roth IRA on steroids.” Well. I liked the idea so much that I am attempting to get the trademark for Roth on Roids.

The way to describe what Roth on Roids is as follows. A very simplistic way to describe it. It is like a bank account that you would put into a traditional bank, like a Bank of America only with a life insurance company, there is a death benefit. So again, it is like a bank account with an insurance company that has a death benefit. That’s the simplistic approach.

It is guaranteed you will never lose your money. It has a guaranteed minimum return and a maximum return. It grows tax free, the longer you let it grow, the greater it grows. Unlike a bank account where you have an interest that you are going to pay income taxes on. Life insurance companies don’t pay income taxes. So, when you buy their products, there are no taxes due. There are taxes on the premium, but the growth has no tax. For example, if you wanted the absolute safest way to keep your money someplace, you go to a bank and get a safe deposit box. You can’t buy that kind of safety, because you can’t afford the price of the safe deposit box, and that type of security.

So, when you buy a Roth on Roids, it has cash value insurance for the sole purpose to accumulate the cash, not the death benefit. The death benefit is incidental because it has to have a component of it. But using the example that you are 45 years old, you contribute $20,000 a year for 5 years, $100,000 goes in, and you let it grow tax free. At 65, you begin to withdraw the money on the value of the policy, the cash value. If you die in year one after contributing the $20,000, you have a death benefit. The death benefit will be somewhere around $400,000-$500,000 depending on your specific health. If you die in year one, your family gets 4 or 5 hundred thousand as a death benefit. If you survive for 20 more years, you would get the benefit of 20 years of tax-free growth. In this case, you would borrow $30,000 a year over a twenty year period, that’s over $600,000 assuming a 30% tax bracket; in other words, you would have to gross earn at least $1,000,000 to receive that benefit.

Roth on Roids has no limits as to how much you can contribute. On the other hand, there is a limitation for the traditional IRA and the Roth IRA. Contributions for IRAs are $5,000 a year and $6,000 if you are over the age of 50. That’s not a lot of money.

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