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1d (edited) • 💰Wealth Building
Same $1,000,000, two very different retirements.
You do not have a million dollars in your 401k.
You have a million dollars and a partner who has not told you his cut yet.
That partner is the IRS.
Here is the part nobody runs the numbers on.
You spent thirty years watching one number go up.
The statement says $1,000,000.
You feel rich.
Then you retire and pull $60,000 out to live on.
That $60,000 is ordinary income.
At a 25 percent effective rate you keep $45,000.
The other $15,000 was never yours.
Do that for twenty years.
$300,000 gone to taxes on money you already earned once.
And you do not get to pick the rate.
Congress does. In the year you need the money.
Now the other side.
Same owner. Same discipline. Different bucket.
He funds a properly designed policy with after tax dollars.
The money grows with a 0 percent floor.
When he wants income, he takes it as a policy loan against the cash value.
A loan is not income.
So he pulls $60,000 and keeps $60,000.
Same lifestyle. He needed a million. The other guy needed about $1,330,000 to net the same thing.
That is the whole game.
It is not what you make. It is what you keep.
Here is the other quiet one.
Because loans are not income, they do not push up the number Social Security uses to tax your benefit.
The 401k guy can trigger tax on his Social Security just by living.
Be honest about the tradeoff.
You get no deduction going in.
Costs come out along the way.
And the policy has to be designed and funded right or none of this works.
But ask yourself one question.
Would you rather pay tax on the seed or on the harvest?
The seed was $8,000 a year.
The harvest is a million.
Banks hold over $200 billion of this on their books for a reason.
They are not looking for a deduction. They are looking for what they keep.
Comment "TAXFREE" for our free guide and I will run your number both ways so you can see the gap of how we can potentially make your money last 1.5x or 2x as long.
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Same $1,000,000, two very different retirements.
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