If you’re a self-employed person (independent agent/contractor or business owner with employees), you probably have a tax qualified retirement plan in the form of an IRA, SEP, or something more sophisticated.  If you’re counting on that money to provide a lifetime income stream after your working years are over, there is a way for you to position your retirement contributions that will protect your principal, as well as any interest earned.  Typically, these plans are invested in stocks, mutual funds, bonds, etc., which are subject to market fluctuation.  Would you prefer to have upside market potential for growth and guarantees not to lose any of your money in a down cycle of the market?  Would you also like to have the luxury of being able to access your money at any time, and, on a tax free basis?

Does your current plan have all of the following features?

1)      Protection against loss of principal and interest?

2)      Upside market growth potential?

3)      Guarantee of no loss of money in a market down-cycle?

4)      No IRS guidelines to dictate how much money you can contribute?

5)      No IRS guidelines on when you CAN take your money?

6)      No IRS guidelines on when you MUST begin taking your money?

7)      No IRS requirement to fund a similar program for your employees?

8)      No separate record keeping or tax reporting?

9)      Instant liquidity to owner’s heirs or estate upon his/her death?

10)   No income taxation upon accessing funds for any reason?

11)   And more…  

If you’d like more information on how to employ this strategy, please call me at 800-588-8628.

Ken Novak,
Novak and Company Insurance