Mon, 1 October 2018
#208: With a $55,000 annual contribution limit, the QRP gives you checkbook control of your IRA.
You can invest your retirement money in nearly anything.
Retirees are suffering with 401(k)s and IRAs. QRPs provide a better way. Damion Lupo tells us how.
QRPs avoid the UBIT tax. Self-directed IRAs do not.
Learn more from Total Control Financial by texting “QRP” (ALL CAPS) to 72000.
QRP stands for Qualified Retirement Plan.
You can invest in nearly anything with your retirement funds, get a $50,000 line of credit, and creditor protection.
With Self-Directed IRAs, you might have to pay tax on leveraged gains; QRPs are exempt.
With QRPs, you can invest in residential property, metals, cryptocurrency, options, tax liens, notes, vacant land, mobile home parks, more.
You can set up a QRP with less red tape than a Self-Directed IRA.
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1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
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Listen to this week’s show and learn:
02:51 Pensions replaced with Defined Contribution Plans. Retirees suffer.
06:25 Gold and silver.
10:52 I make a simple break down of 401(k)s and IRAs.
13:58 Damion reminds you: don’t plan to be poor.
15:26 UBIT is ugly. QRPs avoid it.
17:34 QRP’s $50,000 line of credit.
21:55 What can you invest QRPs in? Nearly anything.
26:35 Creditor protection.
28:26 $55K annual contribution limit for single; $110K for married couples.
31:31 Custodian, trustee.
34:34 Less red tape than a SDIRA.
39:17 Get Rich Education perspective on the QRP.
Text message QRP (ALL CAPS) to 72000