New IRS Compliant Strategy for Tax-qualified Plans:

  • Reduce Taxes.
  • Eliminate Required Minimum Distributions.
  • Transfer more to Your Spouse or Beneficiaries, Income Tax-free.

Overview

The IRS offers owners of IRAs and 401Ks a tax discounting strategy that can save 25% to as much as 40% of qualified plan tax liability upon distribution. 

In addition, the Required Minimum Distributions (RMD) taken after age 72 can be reduced, then eliminated for life, thus an income tax savings in the tens of thousands of dollars.

Summation: An IRS Compliant Tax Discounting Strategy to take distributions out of a tax-qualified plan on a tax-favored basis saving 25% to 40% in taxes, then repositioning those assets into a tax-free environment allowing for income tax-free withdrawals, and income tax-free distribution to spouse or beneficiaries upon death.

Are you a Business Owner or Professional . . .

  • Ideally between the ages of 50 and 70?
  • Has tax-qualified plan assets of at least $250,000 + (the average is nearly $1 million)?
  • Will not need the plan assets during retirement to live on?
  • Healthy enough to qualify for life insurance or has a spouse who is?
  • Have, or expect to have , earned income for a period of five (5) years for distributions to a 401(k) Plan (Can be for consulting services, hobby or trade, managing real estate assets, etc.)?  

Are you an Individual near retirement or in retirement . . .

  • Who owns a tax-qualified plan and will not need the plan assets to live on?
  • Has tax-qualified plan assets of at least $250,000 + (the average is nearly $1 million)?
  • Healthy enough to qualify for life insurance, or has a spouse who is?
  •  Have, or expect to have, earned income for a period of five (5) years for distributions to a 401(k) Plan (Can be for consulting services, hobby or trade, managing real estate assets, etc.)?  

. . . if so, then there’s good news for you!

The “Distribution Solution” for Tax-qualified Money

  • Makes use of the existing Internal Revenue Code.
  • Not based on a risky Private Letter Ruling (PLR).
  • Reduces exposure to stock market fluctuation and volatility.
  • Reduce the marginal tax rate on ordinary income.
  • Provides the potential for outpacing inflation.
  • Insulated from future changes to tax rates.
  • Reduce the amount of Provisional income . . . lowering the potential taxation on Social Security Benefits.

What you should do Next . . .

Contact Rick English.  I’ll help you determine if the Distribution Solution is right for you and prepare a custom illustration.

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Energize Your 401(k) Plan . . .

To Reduce or Eliminate Income Taxes and Increase your Retirement Income . . . even tax-free! Tax-qualified Retirement Savings Plans are now Business Owner Friendly.

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