Reboot: Switch to Tax-FREE investing
内容Switch your investing to a tax-FREE account.
Add an extra $250,000 to your account FREE.
Avoid all federal and state income taxes.
Use a special IRS-approved account for NO taxes EVER.
Earn 10-12%: Accumulate $1,000,000 over time.
Your current 401k, IRA and pension—even your Social Security—may be taxed at higher rates in the future. Someone has to pay for the two wars, two bank bailouts and two tax cuts we've endured.
And you know it is NOT going to be the wealthy.
As hotel heiress Leona Helmsley said, "We don't pay taxes. Only the little people pay taxes." The more you have the less you pay. Warren Buffett pays 17%, Mitt Romney pays 15% and John Kerry pays only 13% of income. We must protect our future lifestyles by using an investment edge: a TAX-FREE account.
We need to switch our lifelong investing account so we don't have to pay taxes on our accumulations. Since we won't pay taxes or high fees in this account, we can maximize compounding of the earnings of growing businesses around the world.
We can compound $9 a day into $1,000,000 over time. Compounding is money earning money on its prior earnings over and over. We invest our money in businesses sharing profits with us and over time we can reach $1,000,000.
Compounding works best when we put our money to work in successful businesses paying us dividends and stock splits. When we use a low-cost and tax-FREE account, we avoid fees and taxes. We keep more of our money to compound. The table below gives us some idea of how fast our investments can grow if we invest it in businesses like the ones we use every day.
We can get to $1 million because we do not take money out of our account to pay taxes or fees before the next earnings period. According to Warren Buffett, "My wealth has come from a combination of living in America, some lucky genes, and compound interest."