How to Get a 10% “Tax Credit” For Your Tax-free Retirement

(don’t forget to checkout the video too)

Designating 60% of your retirement assets to guaranteed income not only protects you from running out of money…

It also protects you from the market and allows you to provide more income at a significantly lower price…😏

This is an income strategy that allows you to leverage the market for growth AND leverage an insurance company for maximum retirement income, simultaneously.

But, not a lot of people know that you can get a 10% credit that can be used to offset the taxes you will incur by performing a Roth conversions inside of an income vehicle.

This is certainly a way to “soften the blow” of doing a Roth conversion.

Now, what exactly is a Roth conversion⁉️

A Roth conversion is where you move money from a taxable account like a 401k, 403b, or traditional IRA, to a Roth IRA.

Doing this means that you are choosing to pay the taxes now, so that you can collect all of that money tax-free later (OR transfer it to a loved one tax-free when you pass away).

So let’s say you have $200k and you want to move it into a Roth IRA so that you can achieve a tax-free retirement.

Smart move, right!?

Well, hypothetically, let’s say that performing the Roth conversion costs you $40k in income taxes… (since you have to pay income taxes on a withdrawal from your taxable account).

If you partner with the right insurance company, they are going to credit your income account with 10% immediately as soon as you designate that money as retirement income…

So you’ll still owe $40k in income taxes, but the net cost of the conversion is only $20k because you also received a $20k “tax credit” added to the income value of your account…

So creating performing Roth conversions to create a tax-free retirement is a worthwhile option for many people to explore ANYWAY, but by leveraging a contract like this, you can sweeten the deal just a bit more. 😏

Let’s chat 💬😎