Why hasn’t my financial advisor
Reason 1: Most financial advisors don’t know that an account like this exists. Nor, do they know how to set it up to be legally tax-free for the account holder.
Reason 2: Most financial advisors recommend financial vehicles that the company they've contracted with… tells them to recommend.
You have to pay taxes (upfront or at the end—either way you will be taxed heavily)
You don’t pay taxes on growth or principal. Ever. ( This is 100% legal if your TFRA account is set up correctly, and structured according to the current IRS tax code.)
And there are many more wonderful fiscal things you can do with an account like this...
Nope. It’s very real.
In fact, an Account like a TFRA is not a new investment strategy.
Accounts like these have been used by wealthy individuals and families for over 100 years to build, then pass on fortunes in a legally tax-free environment.
President John F. Kennedy had an account like this.
So did Presidents Taft, Cleveland, McKinley, Harding, and FDR (FDR, in fact, held a large portion of his estate—$562,142 or over $7 million in today's dollars—inside his account...)
Even John McCain used his account to fund his electoral campaign back in '08.
A TFRA account is NOT available just to the super-rich…
However: an account like this can only be technically set up if you or your family qualify for it.
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