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Business/Finance See other Business/Finance Articles Title: New Book Reveals President Reagan's Secret “702(j) Retirement Plan” New Book Reveals President Reagan's Secret “702(j) Retirement Plan” If You Meet the 2 Small Qualifications Below, You Could Retire With an Extra $4,098 per Month—Tax-Free “[The '702(j) Retirement Plan'] would pay more than social security... “It would guarantee [1.7 times more income] a month at age 65.” FACT--> 217 major U.S. banks have already funneled $143 billion into Reagan's secret “702(j) Retirement Plan.” (Including JP Morgan Chase, Citibank, TD Bank, Ally Bank, E*TRADE Bank, Bank of America, and Wells Fargo.) FACT--> Washington insiders including Vice President Joe Biden, Hillary Clinton, and 54 elected officials have already put dollars into these “702(j)s”—a little-known Social Security alternative unconnected to the government. (Hillary herself has personally invested $100,000 in her “702(j)” so far.) FACT--> Billionaires Bill Gates and Warren Buffett found a backdoor way to invest a combined U.S. $1.5+ billion into “702(j) Retirement Plans”, which The New York Times has described as a “loophole” ... that makes it a more attractive way to save. FACT--> If set up correctly, over time, Reagan's “702(j) Retirement Plan” is cheaper than a mutual fund or 401(k); it can pay almost double the max Social Security payment (and the payment can increase every year); and unlike an IRA, you can access your money any time, for any reason, without penalty. Look Below To See If You Qualify (And See How to Claim Your FREE Book) Dear Friend, If you're an American who hopes to retire in comfort someday, then this may be the most important message you ever read. (And it's one the IRS almost certainly hopes you never see...) Because, believe it or not, thanks to this loophole left over from President Reagan's Tax Reform Act of 1986, if you meet just two small qualifications below, you could retire with an extra $4,098 per month, tax-free... This long-forgotten relic is a little like a modern-day 401(k) or IRA... only better. But it has nothing to do with a government program or bank. In short, it's a secret tax-free account that allows you to save and generate income tax-free—now and in retirement. The Wall Street Journal calls it “a tax shelter for the rich.” The New York Times once called it a “loophole” that makes it a more attractive way to save money. But for many everyday Americans, what I call Reagan's “702(j) Retirement Plan” is more than a tax-free income source—it's a second shot at a well-deserved retirement. Too humble to take the credit? “Uncle Ronnie” played a pivotal role in ensuring that all Americans today have the right to use “702(j) Retirement Plans” and enjoy all the tax-advantages and exemptions that come with it. But he never revealed his role to the public. Find out more below. It's a loophole that—according to Reagan himself—gives ordinary Americans the power to receive almost DOUBLE the maximum social security allowance at age 65... (1.7 times more initially, to be exact... and that amount grows every year.) But, more than that, it could also slash your taxes, even if you take the standard deduction. And, if set up correctly, it could set up a stream of retirement income that will last as long as you do, and actually allow you to retire 100% tax-free in America. Few regular Americans realize this... But right now, the big wigs in Washington, Wall Street and Corporate America are taking full advantage. Vice President Joe Biden, for example, recently admitted in a speech: “I don't own a single stock or bond... I have no savings accounts...” Vice President Biden, Summit for Working Families, 2014 But he DOES have money in a “702(j) Retirement Plan.” And it safely and steadily accumulates interest at a rate 40-60 times faster than most bank accounts. Current 702(j) Retirement Plan holders include some of the most well-connected people in the world... To see why they love it, read below... Hillary Clinton's most recent public disclosure documents show her personally putting at least $100,000 in her own “702(j) Retirement Plan.” (This wasn't mentioned in the recently published “Clinton Cash” book—because these accounts are so private, no one can tell for sure how much money she has in her “702(j)”. She may have 10 times more money in there by now...) 54 elected officials have pulled their cash out of the traditional savings and retirement system to funnel it into 702(j)s as well. And that's only the beginning. Some of America's biggest banks—including Wells Fargo, Bank of America, JP Morgan Chase, and Citibank—take advantage of the corporate version of 702(j) Retirement Plans as well as the better-known 401(k)s and other traditional retirement accounts. In fact, The Wall Street Journal reports the banks have funneled more than $143 billion into these little-known plans so far, with no end in sight. They use them to set up high-level executives with an income stream that will last as long as they live. It's like adding rocket-fuel to their pension plan. And some of America's best-known corporations, like Johnson & Johnson, Nestle USA, Harley Davidson, Proctor & Gamble, and Wal-Mart have invested more in 702(j)s than they have in stocks and bonds combined. Because these accounts give them huge tax breaks, plus a steady stream of tax-free income for life. And that's not all. For private citizens, if you set up the “702(j) Retirement Plan” correctly, you can also expect... 1To earn 40-60 times more interest on your savings than you do in your bank account...2To have the freedom to withdraw money any time, for any reason, without penalty...3You don't have to report this retirement income to the IRS—in fact, if set up correctly, the IRS can't trace it or tax any of the money you have in your 702(j) Plan...4You won't lose a dime in a stock market crash...5And finally, you will be able to grow your wealth through inflation, recession, depression, bull markets, bear markets, and whether the dollar is weak or strong... At a time when banks offer almost zero interest on your savings, stocks could crash and the risk of outliving your savings is very real, Reagan's secret 702(j) Retirement Plan could be a godsend for many Americans. Imagine if, instead of having your savings in a bank paying you 0.01% for the past five years, you'd been earning 40—60 times more... tax-free... using Reagan's income loophole. This could be your second chance at a real retirement. And you can get started with as little as $200. Think of It as “Uncle Ronnie's” Parting Gift to Americans Born Before 1969 As the oldest U.S. President in history, Reagan probably understood the income needs of American seniors better than any who sat in the oval office before him... To see if the 702(j) Retirement Plan could help you in retirement, see below... I call it Reagan's secret “702(j) Retirement Plan”... It's named after the IRS tax code that gives it its tax-exempt status. It's 100% legal. And it's been steadily growing in popularity since 2008. Yet most Americans don't realize Reagan played a role in developing this secret account and making sure Americans never run out of money in retirement. That's because even though Reagan invested considerable time investigating these retirement plans... And even though he and his people went over their tax exemptions with a fine-tooth comb and discussed them before Congress... He never spoke about the 702(j) Retirement Plan publicly. He never announced it to the press. (Even though, after Reagan's work, Congress decided these retirement plans were so important to the future of Americans they made sure the tax exemptions stayed in place...) However, while Reagan played a role in making sure the tax-free status remains intact today, the reality is these plans have been around much longer than Ronald Reagan. In fact, in a keynote speech in 1964, 20 years before his presidency, Reagan told the crowd this account “would pay more than Social Security.” And it's true. In fact, according to the math Reagan himself shared that day, if you're eligible to receive $2,366 from Social Security in retirement today, you could set yourself up to retire with $4,098 per month if you use the 702(j) Retirement Plan instead. They're a favorite of the 1% in Washington, Wall Street and Corporate America and have been for decades. Car magnates Walter P. Chrysler and Pierre S. du Pont held the records in their day, with a combined $274 million in 702(j) Retirement Plans. Some of the richest and most intelligent people in America are current 702(j) Retirement Plan investors— See the reasons why below... Current 702(j) Retirement Plan users include 54 elected officials, Vice President Joe Biden, Hillary Clinton, and dozens of bankers and corporate executives. In 2014 executives at Johnson & Johnson put $23 million in these accounts—more than they put in stocks and bonds combined. Bill Gates and Warren Buffett have used a backdoor way to invest hundreds of millions of dollars in these plans. But experts estimate less than 1 in 1500 ordinary Americans even knows 702(j) Retirement Plans exist. And not knowing the whole truth about 702(j) Retirement Plans may be putting their future wealth and happiness at risk. The 1% will never tell you about Reagan's secret 702(j) Retirement Plan... Poster Comment: We all need a plan to retire in comfort. Post Comment Private Reply Ignore Thread
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