We have all heard of the 401(k) retirement account. Many others are familiar with the 529 college savings plan. But have you ever heard of the 770 account for creating tax-free income in retirement? Today, we discuss this little known provision in the IRS tax code with returning guest and long-time financial advisor, Mike Mitchell.
Are you interested in increasing your retirement income on a tax-free basis? Trading coach Jerry Robinson and financial analyst Jennifer Robinson team up with veteran expert financial advisor Mike Mitchell to examine this often overlooked ‘bank on yourself’ strategy.
What is the 770 account?
The 770 provision offers a very cheap form of leveraging when structured properly
Why pay the tax on the harvest when you can pay the tax on the seed?
Are there occasions when the 770 account would be more beneficial than a 401(k) or IRA savings plan?
Term-life insurance will ultimately become the most expensive insurance policy that you will ever own
It is vital that you consult a qualified advisor who is experienced in structuring the 770 account properly for you to enjoy its maximum benefits
Call Mike Mitchell toll-free at 833-370-0777 with your retirement questions
Jerry closes out today’s show with a reminder that achieving financial liberty does not mean chasing money, as one of the richest men who ever lived bears witness.
PRAISE FOR JERRY 'S BOOK "Jerry Robinson does an excellent job of explaining the 'Petrodollar' system. His book explains exactly how this will come about, but equally important is the comprehensive section on what you can do to protect yourself."
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