Advantages Of The TFRA (Tax-Free Retirement Account)
As you explore the many various types of retirement accounts, you may find yourself asking the following question:
↓ Find Out If You Qualify For TFRA↓
What Is A TFRA, And Why Haven’t I Ever Heard Of It Before?
So, why has your financial advisor never mentioned this option to you? Well, the truth is they may not understand the complexities involved in setting up a TFRA to be legally tax-free, or they may not even know an account like this is available to account holders.
In addition, your financial advisor may simply stick to recommendations based on the company they are contracted with – whether the option is to your best advantage or not.
As a result of this combined lack of knowledge and acceptance of the status quo, a mere 0.07% of the American population enjoys the benefits of a TFRA account, while over 50% have their retirement savings in a traditional 401(k) or other types of tax-deferred retirement account.
When You Funnel Your Retirement Savings Into A Tax-Deferred Retirement Account, Such As A 401(K) Or IRA:
- You are ALWAYS taxed, plain and simple. Whether upfront or upon withdrawal, you can’t escape being heavily taxed on your hard-earned money.
- Your savings are not easily accessible. You can’t easily withdraw funds from a traditional tax-deferred account, and if you DO need to, you’ll be hit with fiscal consequences and early withdrawal penalties.
- There are no financial guarantees. The money held in your 401(k) or IRA is inextricably intertwined with market performance, for better or worse, making it an inherently risky option.
- There is a pre-determined funding limit. Most traditional tax-deferred plans cap the amount of money that the account holder can invest.
- All your earnings must be federally reported. The IRS keeps close watch on your 401(k) or IRA, and all additional earnings on your account are taxable upon withdrawal.
What About When You Utilize A Tax-Free Retirement Account (TFRA)?
- You NEVER pay taxes on account growth, earnings, or principle. TFRAs are 100% legal and ethical, provided that the account is correctly set up to be compliant with the existing IRS tax code requirements. Your family will never be left paying taxes on future withdrawals from your account.
- You’ll earn interest – and lots of it. With a TFRA, you stand to earn up to 40 times more interest than you would through a traditional savings account.
- Your money will remain a liquid asset. Should you experience financial hardship or need to remove your funds for any reason whatsoever, you can make an early withdrawal from your account without facing harsh penalties.
- The IRS isn’t privy to your account business. When your funds are held in a TFRA, you are never required to report earnings on your money, which isn’t classified as “income” by the IRS when in this type of account.
↓ To discover if you qualify for a TFRA, take our 30-second survey below ↓
You May Be Thinking Right Now:
“If It Sounds Too Good To Be True, It Probably Is!”
That old adage certainly does not apply here, as TFRAs are absolutely real, legal, and 100% tax-code compliant.
In fact, wealthy families, executives, and others who are “in the know” have enjoyed the benefits of TFRAs for over a century, setting up generational fortunes that can be passed on to their families while remaining tax-free. Even well-regarded U.S. Presidents have held great portions of their large and complex estates in accounts like these – and have used the money within to fund their campaign expenses.
Setting up a TFRA is just as smart today as it was over 100 years ago.
These are just a few of the financial advantages that TFRA account holders experience!
And The Good News Is . . .
It Is NOT Only Available To The Rich!
However, there are always certain qualifications that must be met by you and your family when setting up a TFRA. To find out if you qualify, simply submit a request below to be matched with one of our expert TFRA Advisors today.
Don’t waste another minute holding your money in traditional tax-deferred accounts, when you may be able to enjoy the benefits of a Tax-Free Retirement Account.
