208: Invest Your Retirement Funds Anywhere with the QRP featuring Damion Lupo
Get Rich Education
English - October 01, 2018 08:00 - 43 minutes - 24.8 MB - ★★★★★ - 587 ratingsInvesting Business Careers passiveincome business creatingwealth income kiyosaki money real realestate realestateinvesting rich Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
#208: With a $55,000 annual contribution limit, the QRP gives you checkbook control of your IRA.
You can invest your retirement money in nearly anything.
Retirees are suffering with 401(k)s and IRAs. QRPs provide a better way. Damion Lupo tells us how.
QRPs avoid the UBIT tax. Self-directed IRAs do not.
Learn more from Total Control Financial by texting “QRP” (ALL CAPS) to 72000.
QRP stands for Qualified Retirement Plan.
You can invest in nearly anything with your retirement funds, get a $50,000 line of credit, and creditor protection.
With Self-Directed IRAs, you might have to pay tax on leveraged gains; QRPs are exempt.
With QRPs, you can invest in residential property, metals, cryptocurrency, options, tax liens, notes, vacant land, mobile home parks, more.
You can set up a QRP with less red tape than a Self-Directed IRA.
__________________
Want more wealth?
1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my best-selling paperback: getbook.at/7moneymyths
__________________
Listen to this week’s show and learn:
02:51 Pensions replaced with Defined Contribution Plans. Retirees suffer.
06:25 Gold and silver.
10:52 I make a simple break down of 401(k)s and IRAs.
13:58 Damion reminds you: don’t plan to be poor.
15:26 UBIT is ugly. QRPs avoid it.
17:34 QRP’s $50,000 line of credit.
21:55 What can you invest QRPs in? Nearly anything.
26:35 Creditor protection.
28:26 $55K annual contribution limit for single; $110K for married couples.
31:31 Custodian, trustee.
34:34 Less red tape than a SDIRA.
39:17 Get Rich Education perspective on the QRP.
Resources mentioned:
Text message QRP (ALL CAPS) to 72000
New Orleans Investment Conference
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
QRP: TotalControlFinancial.com