770 Account Revealed – Tax Free Retirement?
770 Investment Account, The Secret Investment Account and Tax Free Retirement. It’s being called by many names. But what exactly is it? Maybe you know it by a different name? It’s life insurance of course! Whole Life Insurance or Permanent Life Insurance to be more specific. Not Term Life Insurance. Whole Life has steeper premiums then Term Life Insurance. The reason being is that whole life has greater benefits. While it has roughly the same characteristics as term life, it also comes with an investment component. These investments can include, stocks, bonds and even money market vehicles. And.. you can borrow against it. According to Smartmoney.com “The three most common types of whole life insurance are traditional whole life policies, universal and variable. With both whole life and term, you can lock in the same monthly payment over the life of the policy.”
Secret 770 Account
Is Whole Life As An Investment Vehicle Right For You?
There are varying opinions on investing in whole life. Of course, if you ask your local insurance agent, he will agree that is any type of life insurance is an excellent investment. Suze Orman wouldn’t agree with him: This a good 6 minute video with a much opposing view from the best selling author of Pirates of Manhattan 1 and 2: Maybe you should look at other investment avenues for you money because whole life seems to be complex and expensive. Then again, why would, as pointed out in the video, some of the richest men and corporations in the world be investing so much whole life? The 770 Account approach, in a nutshell, is to invest in a type of whole life or permanent life insurance policy. This allows you to put away tax free income, collect dividends (if the investments in the policy are profitable) and compound, borrow against the “cash value” of the policy and be able to pass a considerable amount of wealth on to your next generations. It is our understanding that life insurance is considered a security and can only be sold through licensed brokers or agents. Each policy is different as it relates to the different underwriters. The term fine print seems to have been invented by these guys. A similar and very popular investment product that you can ask a financial adviser about is Tax Deferred Annuities or tax deferred income. But not all annuities are equal. Take a look at the graphics below as an example:
Moving back to whole life insurance, before jumping into such an investing endeavor, consider this:
How many people do you know that have whole life insurance? How many of those people utilize it as an investment vehicle successfully? Why is it, the only compelling examples of whole life being successfully used as an investment are of the large corporations and wealthy businessmen? Maybe Suze Orman is right. If you don’t have a significant amount of money to start off with, you may just want to find another avenue to make some more immediate profits. It seems the benefits and advantages of these 770 Account investments materialize 10-15 years down the road. Definitely a long term investment. Related retirement income reading: 10-86 Plan Little known tax “loophole” could triple your investing income.