COVENANT BUSINESS PLANNING SOLUTIONS

YOUR HIDDEN PARTNER

Imagine you own a business with a partner.

You own 40% and your partner owns 60%, but they can increase their share at any time!

You paid in capital of 100% and many years of blood, sweat and tears.

Your partner paid in $0!

The ‘business’ we’re talking about actually are your investments – they could be an IRA, Keogh, SIMPLE, 401k, 403b plan (the world of qualified plans $24 trillion dollars and counting).

Now, the minority owner is YOU!

Your partner is the Internal Revenue Service.

Your partner makes the rules. They can increase their share (taxes) whenever they want, they can access your share should you fall on hard times and fail to pay what is owed. They also have access through Required Minimum Distributions (RMDs) and those numbers are adjusted every year.

Many experts believe that income tax rates will spike in the future due to:

  • An unsustainable deficit
  • Increased interest rates
  • Excessive spending

Wouldn’t it make sense to look at strategies to eliminate your ‘partner’ sooner rather than later? Wouldn’t you prefer to have more control over this partnership? In all likelihood, there’s an excellent strategy just made for your situation.

 

Check out your resources available at www.CovenantBusinessSD.com