How the government manipulates your retirement plan

Was reading recently that the first 10 or so pages of the Internal Revenue Code spell out the rules for what constitutes income and taxable income.

The next 1,100 or so pages spell out exceptions to those tax rules.

Now, I ain’t no legal expert, but if the government creates a problem (i.e. onerous taxation) and then creates a solution to the problem (i.e. tax qualified retirement plans), aren’t you just the teeny-tiniest bit suspicious that maybe… just maybe… you are being manipulated?

If you think not, then get thee behind me. Thou hast drunken too much of the royal KQQL-AID and thy fate is sealed.

For everyone else:

Let’s set aside some of the fancy math gimmicks financial advisors use to justify these retirement plans because… they don’t prove what they are supposed to prove.

Instead, let’s focus on the fact that government-created retirement plans are carrots hung out in front of you and are designed to get you to bite into them.

And once you’re in, it’s difficult to get out or even see that there are any other alternatives.

Speaking of which, one of those alternatives is life insurance.

The primary reason it exists is to solve the financial problem of death… which is a problem for, well, everyone, and which the life insurance company didn’t create — Mother Nature did.

Yup, everybody dies. I’m going to die. You’re going to die. Your spouse is going to die. Your kids are going to die.

It happens.

Hey, don’t shoot the messenger (or do, whatevs).

Anyway, the financial problem of death… it’s more than just “Who will take care of my kids when I die?” or “How will my wife pay off the mortgage after I’m gone?”

I mean, those are important questions but… not the most important.

The real financial problem of death is… your time here on Earth is limited meaning… you can only save and spend so much money so… if you set things up inefficiently, then you have less money to spend than you otherwise could have.

This is why we save money to begin with… because eventually we want to spend it on something.

Can’t take it with you, as they say.

Fortunately, all is not lost.

Enter, life insurance.

It replaces that lost income when you die, with interest.

Income that, keep in mind, never stops until you die so… you have some interesting choices to make about how much of your income you want to insure throughout your entire life.

More:

You can set your life insurance plan up to pay out only when you die — term life.

Or… have it pay out when you die AND while you’re alive — whole life (and to a lesser extent, universal life).

Either way, all forms of life insurance are essentially a “basket of options” that allow you to use more of your savings than you otherwise would be able to… as long as your life insurance plan is set up correctly. If it is not set up correctly, it becomes “just another expense” and a total drag on your savings plan.

The question is: do you want to be able to save and invest more of your money? And, how much do you value your future income or earning potential?

I can’t answer those question for you.

But I can help you set up a good life insurance plan that will insure you for all your future income which… in turn will guarantee you can save and invest (and, more importantly, spend) as much money as is humanly possible.

If you want to get in on the details of how this is done, join my email list now and I’ll fill you in.

David Lewis

This post brought to you by //The Rogue Agent//. David has been a life insurance agent, and worked with some of the oldest and most respected mutual life insurance companies in the U.S., since 2004. Learn more about him and his business, here.

This post brought to you by //The Rogue Agent//. David has been a life insurance agent, and worked with some of the oldest and most respected mutual life insurance companies in the U.S., since 2004. Learn more about him and his business, here.