What Is The IRS Loophole To Protect Retirement Savings?

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Hi there, Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states in Puerto Rico. Today's topic

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is a interesting one. What is the IRS

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loophole for retirement savings,

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retirement strategies, etc., etc., etc.

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I'm going to address that and probably

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in a way that you're not expecting, but

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you need to hear after this.

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So, what is the IRS loophole to protect

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retirement savings? First thing I want

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you to do is is stop letting the IRS

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live in your head for free. And a lot of

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you are doing that. You're obsessing

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about IRS. I get those calls all the

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time with people that just should be

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going to live their lives.

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First of all, most of the loopholes have

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been closed and there is no whisbang

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loophole out there and I hate to

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disappoint you um that the IRS has not

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either noticed and or closed, right? The

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smart people there. My ex- roommate from

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college, 6'9, 265 pound power forward,

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is one of the top guys in the IRS. Smart

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as a whip. And I'm going to tell you

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right now, there's no loopholes. And if

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he's watching this, he's going, "Make

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sure there's no loopholes so Stan can't

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take advantage of it." Now, let's talk

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about what people will tell you that are

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loopholes. Sales pitches that are

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garbage that you need to be aware of

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where they think that they're beating

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the IRS. They're not beating the IRS.

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The first one that drives me crazy is

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the one where the life insurance

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salesman will say if you buy this index

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universal life or whole life policy, you

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can get taxfree income, which is a

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loophole that the IRS can't close. First

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of all, that's complete nonsense and

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semantic word game crap.

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When you take money from a life

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insurance policy, that's a loan. That's

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not income. That's a loan. Now the

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you'll be shown hypotheticals and

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theoreticals and illustrations that show

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how this thing works like a charm and

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how the Rockefellers use this and JP the

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JP Morgan and his family use this.

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This this pig has been out there for a

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long long time and they just keep they

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they the annuity and life insurance

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agents just keep putting lipstick on it.

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Are there situations where life

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insurance can be used in leverage

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leveraging from the standpoint of for

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businesses and things like that? Yes,

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but that is a 1%

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market. That's not a market for everyone

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and their brother.

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So, that's the first one. Well, if you

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buy the sliver church policy, this is an

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IRS loophole that we they're not going

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to be able to fill. You can get tax-free

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income. As I always say, if you go to

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the bank and you take a loan out, is

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that taxfree income? Yes or no? No,

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Stan, that's not. That's a loan. Great.

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If you buy a life insurance policy and

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you take money out, is that taxfree

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income or a loan? And a lot of people

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go, "That's taxree income." No, it's a

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loan.

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It's a loan. I think that if there's a

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loophole, I was thinking about this the

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other day as I I was looking at this

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title. If there's a loophole that will

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be eventually closed, but that you could

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take advantage of right now, in my

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opinion, and I might be wrong, so just

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gauge that, but I've been doing this for

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30 years. My instincts are normally

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right on the money is if you have a Roth

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IRA and you funded it, you might

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consider buying an immediate annuity

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for lifetime income because that

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lifetime income is taxfree. And the

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reason I tell you to think about that

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and I I used to say without hesitation

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pounding the table that Roth IAS are for

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growth. Roth IAS are for growth and

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annuities aren't growth products. But

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watching the tea leaves and watching

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what's happening in the political

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environment that we're in, and by the

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way, I'm contractual, not political.

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They're coming after our money. Okay?

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They meaning the politicians for the for

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the small sliver of people that have

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accumulated money like you. You're like

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a 20, 30 year overnight sensation. Nod

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your head.

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They're in my opinion, they're going to

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change the rules on Roth IAS. they're

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going to means test it or say, "Well, if

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you use it for the environment and

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puppies and kittens and this, then it's

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taxfree and education and healthcare."

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But when you paid all the upfront taxes

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on Roth IAS and you ran that number and

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you bit the bullet and you did it, you

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didn't do it because you're a patriot.

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You did it because the hope and dream

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that in the future you get to choose how

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you can use that tax-free money. What

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I'm telling you is I think that that

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door is going to close and it's going to

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be veiled politically as the evil rich

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with Roth IAS. They're they're going

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they the the politicians are going to

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forget to tell the public of all the

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upfront taxes you paid to convert it

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into a Roth. The way to loophole them

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back is if you create a lifetime income

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stream with an annuity, a single premium

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immediate annuity, that's an irrevocable

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lifetime income stream. There's nothing

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to claw back on. Now, it wouldn't

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surprise me because I know a lot of

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people at the IRS watch my stuff and the

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Treasury watch my stuff and it wouldn't

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surprise me if they came out with some

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asterisk rule. But until they do

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consider that, I think that might be the

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loophole that you might consider. If you

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don't have a Roth IRA, I'm not sure

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there's any loopholes left. And when you

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convert money to a Roth, you need to run

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the math numbers. Just don't say, "Well,

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I'm gonna I'm gonna do this so I don't

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have to pay taxes in the future." It

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can't be that broad. It can't be that

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feel-good. It has to be mathematical. It

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has to be the numbers have to work in

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your favor. And you have to know the

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break even points. I had a guy call me

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the other day about,"Well, I'm thinking

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about doing a Roth conversion." I said,

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'First of all, you don't need annuities

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to do that. So, anyone trying to sell

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you an index annuity for Roth

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conversions full of crap, okay?

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But I asked him, I said, "What's the

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break even point?" He's like, "Huh?

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Be careful out there."

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You know, the IRS is the IRS for a

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reason. I mean, they're the original

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mafia. They're our friends, I guess, and

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we have to play by the rules. And you

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don't want to go into gray area

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whatsoever. And I would never tell you

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to go in the gray area. And I think

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annuitization of a Roth IRA asset is not

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gray area. That's playing by the rules.

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Now, I'm hoping that when they do

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eventually change the rules on Roths,

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and they will, okay, that you that

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already have one or grandfathered in. I

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think 20% of the country has Roth IAS,

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but most of those are really, really

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small. There's not a lot of people out

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there with large Roth IAS. Peter Theel,

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you know, the hedge fund guy, has a $5

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billion Roth IRA, which is the reason

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that politicians are mad. Truly, he's

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the reason. He's the reason they're

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trying to change the rules. One guy.

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But I'm glad I'm glad I this topic came

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up because a I don't want you to live

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the IR let the IRS live in your head for

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free. B I want you to go enjoy your

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life. There's three phases of

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retirement. Go, slowgo, and no go. If

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you're in go- go, go get it. Also, fly

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first class or your kids will.

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Stop always looking for loopholes. Stop

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always looking to to be the smart one on

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the block. You've won the game. Why are

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you still playing? In this case, if

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you're asking this question, my question

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is, why are you still playing? Is it a

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sport? Do you have enough money not to

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do this kind of stuff and try to thread

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every needle? Or is that just an

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obsession for you? If it is, fine. I'm

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good. And I've seen it all and done it

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all. So, schedule a call with me. We'll

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talk about it. Go to my site, download

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books, schedule call, you can email me,

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you can sign up for my newsletter. You

7:54
can do all of it. You can see my daily

7:56
videos that I come out with. Also, one

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last thing. Um, there's a video I did on

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how to use calculators and quote

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machines to to find the best annuity

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guarantees. My site's the best because

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we're the only ones that provide

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anonymous quotes. In other words, you

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don't have to put in your name. You

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don't have to put in your email address.

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You do not have to put in your phone

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number. just your gender, date of birth,

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and state of residence, and you get

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lifetime income quotes for MIGO rates,

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fixed rates. You don't have to put in

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anything anonymous. That's the way I

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like to go and do it. There's nothing

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going to pop up. There's not going to be

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a popup. There's not going to be any of

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that crap. It's just going to be

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information, best quotes that you can

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get out there, and you're not going to

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get any type of email blast or anything

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like that for signing up. By the way,

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other sites that have you sign up,

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they're selling your they're selling

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your information. most of them. It's

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profitable. One last thing on our site,

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you'll see it at the bottom right hand

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corner is annuity virtual Stanley, which

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is the AI version of me, which has taken

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all my videos, books, and articles, and

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the the smart guys at MIT, the company

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they ran, they put it together. It's

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really cool. We're beta testing it now,

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and by the time you I say in a month or

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so, it's going to be it's going to be

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perfect. but it's taking what I've said

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on these videos and you know we give it

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to them every day and just making it

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better. All right, listen. I want you as

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a client, but I want you as a client on

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your terms and your time frame. I hope

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you consider us. My name is Stan the

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Annuity Man. See you next time.