Podcasts about qualified retirement plan

In today's episode, Patti welcomes Josh Owen, Regional Vice President at Principal Financial Services, into the studio to discuss nonqualified deferred compensation plans. These are popular benefits that provide key high-earning employees with a tax-advantaged way to build retirement savings. This is a powerful tool to help CEOs recruit, retain, and reward executives. Many governmental taxation rules restrict the amount of money these highly compensated employees can contribute to tax-deferred plans, like a 401K, so these deferred compensation plans can give serious recruiting and retention advantages to CEOs. Patti and Josh's review of the advantages and disadvantages of these plans will help any business owner determine if this is a beneficial tool for retaining their top earning employees.

Could you qualify for the Adoption Tax Credit? Find out by listening to this podcast with Becky Wilmoth, an Enrolled Agent and Adoption Tax Credit Specialist with Bill's Tax Service, and Josh Kroll, the Adoption Subsidy Resource Center coordinator at Families Rising (formerly the NACAC).In this episode, we cover:What is the Adoption Tax Credit for adoption being claimed on 2023 federal taxes?What is a “credit” and how does it differ from a deduction or some other form of tax savings?If you get a tax refund every year, how would you use the Adoption Tax Credit?If you don't have any federal tax liability, should you still apply the credit to your federal income taxes?What type of adoptions are included or excluded? Stepparent adoption? Embryo adoption? Same-sex partner second parent adoption? Unmarried heterosexual second parent adoption? Surrogacy?Can you get credit for each adoption you complete even if completed in the same year? What about adopting siblings at the same time?What is a Qualified Adoption Expense for purposes of the Adoption Tax Credit 2022?When can you claim the Adoption Tax Credit?Domestic private adoptionInternational AdoptionRe-adoption in the US for international adoptionFoster Care AdoptionHow does the Adoption Tax Credit work with kinship adoptions? What if the child never was involved with the foster care?Special Needs Adoption: How does the Adoption Tax Credit differ for adoptions from foster care? What does the IRS accept as proof of “special needs”?$0 subsidy agreementSpecial needs child for international adoptionCan you reclaim your expenses for an attempted adoption that did not result in a placement? How?What income level (Modified Adjusted Gross Income) is excluded from claiming the Adoption Tax Credit in 2022?How long can the credit be carried over?Are you able to amend previous year tax return to claim adoption tax credit? Is adoption tax credit something you can amend for, and if so, how do you amend and how many years back?Will the Adoption Tax Credit offset self-employment tax?How does the Secure Act impact claiming the Adoption Tax Credit for 2023 taxes?What should you do if the child's Social Security Number is unavailable when you file?Should you use an Adoption Taxpayer Identification Number (ATIN #) if you don't have the child's social security number?How does the Adoption Tax Credit work in conjunction with employee adoption benefits? For special needs adoption?Qualified Birth or Adoption Distribution from Qualified Retirement Plan without penalty. Under Secure Act.If you adopt, can you still get the Child Tax Credit?What do you need in order to get the Child Tax Credit for your adopted child?Do you need to send to the IRS any documentation for the Adoption Tax Credit when you file your taxes? What type of documentation should you keep in your records?How to find a tax specialist knowledgeable on the Adoption Tax Credit? https://adoptiontaxcredit.orgHow to advocate for refundability?This podcast is produced by www.CreatingaFamily.org. We are a national non-profit with the mission to strengthen and inspire adoptive, foster & kinship parents and the professionals who support them. Creating a Family brings you the following trauma-informed, expert-based content:Weekly podcastsSupport the showPlease leave us a rating or review RateThisPodcast.com/creatingafamily

In the inaugural episode of Troutman Pepper's three-part Employee Benefits and Executive Compensation podcast miniseries, hosts Lynne Wakefield, Constance Brewster, and Brianna Hourihan discuss recent legislative developments and pressing issues in the qualified retirement plan space. They delve into the key provisions of SECURE 2.0, proposed regulations on the use of forfeitures, the expansion of the Employee Plans Compliance Resolution System (EPCRS), and recent litigation trends, as well as year-end administrative tasks.Stay tuned for next week's episode, where hosts Lynne Wakefield and Lydia Parker will highlight key health and welfare plan developments as we close out 2023 and head into 2024.We are excited to announce that we will be hosting our annual webinar in September 2024, which will provide a comprehensive look at the future landscape of employee benefits and executive compensation.

What does your retirement plan look like? Are you like most people who believe that the best strategy is to work, save and then retire? Do you put your money in qualified retirement plans? If so, it's time you discover creative options to build wealth instead of just waiting for your retirement plan to mature. Learn from Russ, Joey, and the financial freedom coaches as they talk about the following:Why a qualified plan is the worst place to invest inWhat does it look like to liquidate my plans?Creative ways to get your money out of qualified plansAnd more!Take advantage of a Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/piosFind Out How Close You Are to Financial Freedom: https://go.wealthwithoutwallstreet.com/quizIf you want better control of your future, join the Wealth Without Wall Street Community: https://www.wealthwithoutwallstreet.com/communityDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/pathJoin the Passive Income MasterMind: https://www.wealthwithoutwallstreet.com/club200---Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: http://wealthwithoutwallstreet.com/inner-circle—

Are you planning on claiming the Adoption Tax Credit when you file your taxes this year? If so, this is the podcast for you! We talk with two of the top experts in the US on the Adoption Tax Credit: Becky Wilmoth, an Enrolled Agent and Adoption Tax Credit Specialist with Bill's Tax Service, and Josh Kroll, the Adoption Subsidy Resource Center coordinator at the North American Council on Adoptable Children (NACAC).In this episode, we cover:What is the Adoption Tax Credit for adoption being claimed on 2022 federal taxes?How to advocate for refundability?What is a “credit” and how does it differ from a deduction or some other form of tax savings?If you get a tax refund every year, how would you use the Adoption Tax Credit?If you don't have any federal tax liability, should you still apply the credit to your federal income taxes?What types of adoptions are included or excluded? Stepparent adoption? Embryo adoption? Same-sex partner second-parent adoption? Unmarried heterosexual second-parent adoption? Surrogacy?Can you get credit for each adoption you complete even if completed in the same year? What about adopting siblings at the same time?What is a Qualified Adoption Expense for purposes of the Adoption Tax Credit 2022?When can you claim the Adoption Tax Credit?Domestic private adoptionInternational AdoptionRe-adoption in the US for international adoptionFoster Care AdoptionHow does the Adoption Tax Credit work with kinship adoptions? What if the child never was involved with foster care?Special Needs Adoption: How does the Adoption Tax Credit differ for adoptions from foster care? What does the IRS accept as proof of “special needs”?$0 subsidy agreementSpecial needs child for international adoptionCan you reclaim your expenses for an attempted adoption that did not result in a placement? How?What income level (Modified Adjusted Gross Income) is excluded from claiming the Adoption Tax Credit in 2022?How long can the credit be carried over?Are you able to amend the previous year's tax return to claim the adoption tax credit? Is the adoption tax credit something you can amend, and if so, how do you amend and how many years back?Will the Adoption Tax Credit offset self-employment tax?How does the Secure Act impact claiming the Adoption Tax Credit for 2022 taxes?What should you do if the child's Social Security Number is not available when you file?Should you use an Adoption Taxpayer Identification Number (ATIN #) if you don't have the child's social security number?How does the Adoption Tax Credit work in conjunction with employee adoption benefits? For special needs adoption?Qualified Birth or Adoption Distribution from Qualified Retirement Plan without penalty. Under Secure Act.If you adopt, can you still get the Child Tax Credit?What do you need in order to get the Child Tax Credit for your adopted child?Do you need to send to the IRS any documentation for the Adoption Tax Credit when you file your taxes? What type of documentation should you keep in your records?How to find a tax specialist knowledgeable on the Adoption Tax Credit? https://adoptiontaxcredit.orgThis podcast is produced by www.CreatingaFamily.org. We are a national non-profit with the mission to strengthen and inspire adoptive, foster & kinshipSupport the showDo you want more expert-based information? Check out our free resources at CreatingaFamily.org.

In this episode of Estate Professionals Mastermind, financial mentor Damion Lupo joins Chad Corbett to discuss why an eQRP provides the strongest opportunity for leverage and diversification compared to other retirement vehicles like 401ks and IRAs. What is a Qualified Retirement Plan? In short, QRP is a type of pension plan that allows self-employed workers to plan for retirement and benefit from tax deferments. Qualified retirement plans can be used for real estate, as well as other asset classes that aren't an option for traditional retirement plans. To learn more about how QRPs work, how eQRP benefits compare to traditional investment vehicles, and how to set up an enhanced Qualified Retirement Plan to use in real estate investing, get the free book here: https://book.eqrp.co/gift-from-chad-corbett/Episode segments (Timestamps link to YouTube interview!)0:00 eQRP reviews: Chad Corbett2:05 Damion Lupo, author of the QRP Book6:32 Why you need to start planning your wealth strategy for financial independence8:21 QRP vs. Self-directed IRA (SDIRA) vs. Solo 401k12:13 How does the QRP work?18:46 eQRP benefits for real estate investing33:24 Who manages an eQRP?35:02 Get the eQRP book freeSales Bluebird for leaders and go-to-market teams at cyber security startupsTips, tricks, ideas and inspiration from legendary cyber security CEOs and CROsListen on: Apple Podcasts SpotifyPre-Roll Information: Join our Facebook Group: Estate Professionals MastermindCheck out ProbateMastery.com for the probate certification course and more content.

Tips for using price anchoring in sales negotiations, helping immigrants and faith-based investors purchase properties when traditional financing isn't an option, using the slow flip strategy to increase profit margin and reduce taxes on investments, and presenting price options using a seller net sheet on listing appointments.  Also, this episode is a must-watch if you're wondering how to approach real estate leads as both a licensed real estate agent and an investor.Full show notes: https://probatemastery.com/presenting-price-real-estate-seller-net-sheet-and-slow-flipping-houses-pocast-46 Watch on YouTube: https://youtu.be/cuCLRnhtXGM Facebook Group: Estate Professionals Mastermind: https://facebook.com/groups/estateprofessionalsmastermindFREE PROBATE REAL ESTATE WEBINAR:  REGISTER FREE https://probatemastery.com/probate-fast-track-webinar/ **You'll receive a probate marketing cheat sheet, step-by-step guide to get started in probate real estate, and a core knowledge workbook to help you learn your local probate process.Timestamps (Links to YouTube)0:00 Upcoming content: Probate and reverse mortgage Ask The Expert (Real Estate Podcasts)0:55 Keeping both sides of the commission without dual agency (Fiduciary duty and disclosure)4:17 Can you be a real estate agent and investor? (Offering Options)6:32  Structuring your business as a real estate agent that also invests (Real Estate Business Structure)9:01 Seller net sheet example conversation: What do you say in a listing appointment? (Real Estate Appointments)13:47 Partnering with the seller to JV a fix and flip deal (Transaction Engineering) 17:12 What is a good real estate profit margin for deals? (Getting Paid in Real Estate)21:17 How to get great real estate deals from leads with bad phone numbers (Real Estate Prospecting)23:09 Slow flip real estate method and real estate tax strategy (Slow flipping houses)24:11 Rehab rental property costs and tax benefits (Rental Property Rehab)25:54 Price anchoring and negotiating (Sales and Negotiation Techniques)32:10 Choosing your finance strategy: Conventional vs. Commercial loans for Real Estate Investing36:58 Using QRP or Qualified Retirement Plans for real estate investing (Self Banking/Infinite Banking)43:11 How can an immigrant buy a house without traditional financing? (Lease with option to purchase)Pre-Roll Information: Join our Facebook Group: Estate Professionals MastermindCheck out ProbateMastery.com for the probate certification course and more content.

Jason's Mom Takes His Advice... Finally! Her Portfolio Makeover & Optimizations. Jason's mom shares how she sold some of her old properties in California and bought new ones in Florida through 1031 exchanges, the numbers are simply amazing! QRP stands for Qualified Retirement Plan. A QRP, or Qualified Retirement Plan, is a retirement plan that is tax-favored under Section 401 of the Internal Revenue Code, also referred to as the Tax Code or the IRS Code. The title of the Section is: Qualified pension, profit-sharing, and stock bonus plans. Some of the most powerful tax strategies exist within this section of the tax code, which covers many types of tax-sheltered QRP plans. 401(k) plans, defined benefit plans, cash balance plans, profit-sharing plans and pension plans that meet the requirements of the tax code are all types of QRPs. ** LIVE ORLANDO CONFERENCE ** Join us for Empowered Investor LIVE: https://www.EmpoweredInvestor.com Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect  What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit https://www.jasonhartman.com/ Guided Visualization for Investors: http://jasonhartman.com/visualization

In today's episode, Jason talks to Damian Lupo of eQRP.co and the benefits involving this strategy when planning for retirement. QRP stands for Qualified Retirement Plan. A QRP, or Qualified Retirement Plan, is a retirement plan that is tax-favored under Section 401 of the Internal Revenue Code, also referred to as the Tax Code or the IRS Code. The title of the Section is: Qualified pension, profit-sharing, and stock bonus plans. Some of the most powerful tax strategies exist within this section of the tax code, which covers many types of tax-sheltered QRP plans. 401(k) plans, defined benefit plans, cash balance plans, profit-sharing plans and pension plans that meet the requirements of the tax code are all types of QRPs. ** LIVE ORLANDO CONFERENCE ** Join us for Empowered Investor LIVE: https://www.EmpoweredInvestor.com Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect  What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit https://www.jasonhartman.com/ Guided Visualization for Investors: http://jasonhartman.com/visualization

When your reach 59 ½ years old you can withdraw money from your qualified retirement plans like Thrift Savings Plan (TSP), 401k, and IRAs without paying the 10% early withdrawal penalty tax.   There are some exceptions to the 10% tax penalty. In particular if your separate from service after you reach 55 years old, you can begin withdrawing from that employer's retirement plan penalty free. And there are a just a few other exceptions to the early withdrawal penalty.You also need to know if you make withdrawals from a ROTH IRA, ROTH TSP, or ROTH 401k, you can withdraw your contributions penalty free. But your earnings taken from the ROTH within 5 years of our first contribution will be subject to the 10% early withdrawal penalty, even if you're over 59 1/2.Otherwise, when you reach 59 ½, no more tax penalty. You will still owe income tax on withdrawals from regular IRA, 401k and Traditional TSP, but the penalty is behind you.  If you are still working, like most people this age, you can still continue contributing to your retirement accounts including cathup contributions after age 50.In the meantime, it's a good time to take inventory and take another look at how you envision your retirement. When would you like to stop working? Or perhaps go to part time? What will your retirement lifestyle be like? What budget will you need to support that lifestyle? Up through our fifties, most people save as much as they can, or have had a particular target amount of savings for retirement. By 60 it's a great time to see if you are still on track or if your needs or wants have changed. It's gets harder to make up ground as you close in on retirement, so the sooner you know if you need to make any changes the better.While it is best to leave your retirement saving to grow, it is good to know that if you need to you can access your qualified retirement plans after 59 ½ without a tax penalty. It can act as an emergency fund allowing you to save more now if you need to. And this may be a great time to “test drive” a retirement budget. By saving more now, you will have less cash available for spending. You can see how that tighter budget might fit your lifestyle and needs in retirement. This could give you more confidence that you are on track or may push you to consider other options like working longer or part time.Another factor to consider as your looking forward is what will you do for health insurance if you stop working before age 65 when you would be eligible for Medicare? Military retirees are covered by Tricare, including Guard and Reserve retirees over age 60. But the cost of healthcare insurance can be shocking when it is no longer sponsored and subsidized by your employer. Know your options and costs.And lastly, if you haven't already, open an account on the Social Security website at https://www.ssa.gov/myaccount/ .  They gave great tools and online calculators to estimate your social security payments for different scenarios based on your personal earnings history at https://www.ssa.gov/benefits/calculators/ So to wrap things up,once you hit 59 1/2 you can withdraw saving from any regular IRA or 401k and Traditional TSP penalty free. You just pay the income tax. ROTH accounts are also penalty free after 59 ½ as long as it's also been 5 years since your first contribution. But don't withdraw your money just because you can. It's a great time to take another closer look at your retirement pan and savings so far. Refine your budget, see if you need save more work longer. And also make a plan for healthcare and Social Security, both of which we'll talk about in future episode.Have a question you'd like answered on a future podcast, sent it my way to katie@moneypilotadvisor.com  

Learn about eQRPs (Enhanced Qualified Retirement Plans) with Damion Lupo.   Today’s episode could change your life.   Our guest is Damion Lupo whose mission is to free a million people from financial bondage using a combination of financial literacy and a strategy called the eQRP® that allows investors to get off the wall-street roller coaster.   He’s the Best-Selling Author of 12 books on personal finance, host of the Financial Underdogs podcast, has owned more than 50 companies, and is the founder of his own martial art, Yokido®.   Damion is also a professional investor with decades of real-world experience that started with the purchase of his first rental using a VISA card advance -- a move that snowballed into 150 rental houses in less than 5 years. In 2008 he lost the whole $20 million business only to bounce back and recreate his wealth in 5 years.   Coinbase - Cryptocurrency Exchange: Sign up via this link for you and I to get a kickback when you purchase your first 100 of any cryptocurrency: https://www.coinbase.com/join/steime_0   Patreon - Keep this resource FREE to help others on their financial literacy journey: www.patreon.com/artisticfinance   Damion's eQRP website: https://www.eqrp.co/   Damion's website: https://damionlupo.com/   Damion's Twitter @damionlupo: https://twitter.com/damionlupo   Real Estate Episode with Matt Picheny: https://www.artisticfinance.com/episode/Jn7lXdmSKU9wy2OeOnyO   Red Rocks Amphitheatre - Colorado: https://en.wikipedia.org/wiki/Red_Rocks_Amphitheatre   Josh Groban - American Singer: https://en.wikipedia.org/wiki/Josh_Groban   Schwab (Damion rags on them a bit):  https://www.schwab.com/ira   Links from the Patreon only episode:   None! This information was TOO IMPORTANT to go behind a pay wall.   (Damion does pay me a nice compliment in the Patreon only episode. Become a patron to hear it!) www.patreon.com/artisticfinance   ...   Interview by Ethan Steimel   Become a patron at: www.patreon.com/artisticfinance   www.artisticfinance.com www.patreon.com/artisticfinance instagram.com/artisticfinance twitter.com/ethansteimel facebook.com/artisticfinance youtube.com/artisticfinance

In this fast-paced world, we all become so accustomed to wanting fast results. Because of that, we opt for doing things for the short-term instead of the long-term. Seeing this problem, Damion Lupo created a unique tool that can help free a million people from financial bondage, the Enhanced Qualified Retirement Plan strategy (eQRPs). In this episode, he joins Mitch Stephen to tell us all about it! He dives deep into IRAs and 401(k)s for real estate, how to avoid taxes, and how IRAs and eQRP differ from each other. Damion then takes us across his own success journey while sharing his books, Reinvented Life and Unicornomics, and the lessons he learned. Follow along to this great conversation to learn more about Damion’s unique tools.Love the show? Subscribe, rate, review, and share!Here’s How »Join the Real Estate Investor Summit Community:reinvestorsummit.comReal Estate Investor Summit FacebookReal Estate Investor Summit TwitterReal Estate Investor Summit YouTubeMitch Stephen LinkedIn

Today’s guest is Clint Coons, an author, lawyer, and a real estate asset protection expert. Clint has applied his experiential knowledge, together with his innovative and dynamic strategies, to support his clients in saving millions of dollars and building real wealth. He is one of the founding partners of Anderson Business Advisors, a business planning and consulting firm based in Seattle, Washington and Las Vegas, Nevada. Anderson provides high-quality services and resources to real estate investors, stock traders, solopreneurs and business owners. [00:01 – 06:51] Opening Segment We introduce our guest, Clint Coons Clint talks about his background and how his real estate journey started[06:52 – 19:30] Retirement Talks Clint talks about the difference between a qualified retirement plan and a self-directed individual retirement account (IRA)What is advisable to use in what situation? Clint tells us the limitations of the qualified retirement plan He shares some tips that passive investors can take to start a real estate business[19:31 – 24:10] Preparing for RetirementClint talks about the process of transferring assets from a self-directed IRA to a qualified retirement plan Clint shares a few opportunities about the qualified retirement plan that you would not want to miss![24:11 – 29:13] Closing SegmentClint’s book recommendations:UnbrokenFREE BOOK from Clint available here: Asset Protection for Real Estate Investors. Use the code “Invictus.”Connect with Clint online! See the links below.Final thoughts Tweetable Quotes:“Having the power of leverage, I think, is really important for investors.” - Clint Coons “Challenges are great. They build character and they're gonna make you stronger.” - Clint Coons Resources Mentioned:Anderson Business Advisors You can email Clint at ccoons@andersonadvisors.com or follow him on LinkedIn and Twitter. Learn more about real estate asset protection on his YouTube channel. Also, check out his blog. Visit their company online at Anderson Business Advisors, LinkedIn, Facebook, Twitter, Instagram, and YouTube. LEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms. To learn more, visit us at: https://www.invictuscapitalventures.com**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictuscapitalventures.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

Do you know what an eQRP is? Have you seen this term being used but want to learn more?This week's PCI Teaches looks at…Part 3: Using an eQRP (e-Qualified Retirement Plan) for Alternative Investments such as Real EstateHear the highlighted points of…✅ The benefits of the eQRP, a tax-sheltered vehicle created by Mr. Damion Lupo✅ The annual contribution limits, purchasing life insurance, hardship withdrawals, and catchcontributions✅ Startup costs and whether it is the right tool for youThank you for tuning into this 3-part series on using retirement funds to invest in real estate.Retirement funds are just one of the many ways aspiring investors can get involved in the real estate space! If you have other topics you would like to learn about, let us know in the comments or shoot us a direct message.

Today we have a special guest with a truly noble mission- "To free 1 million people from financial bondage". His name is Damion Lupo. Over the last quarter-century, he's owned and operated successful businesses ranging from insurance, precious metals, financial consulting, real estate, and venture capital. He's also written a dozen books on these topics. This accumulated knowledge led him to create a better path leading to financial freedom, which is the Qualified Retirement Plan. Let's dive into Damion's story and learn the importance of setting yourself up for your retirement with the help of an Enhanced Qualified Retirement Plan (EQRP). [00:01 – 05:45] Opening Segment I introduce the guest, Damion Lupo A Qualified Retirement Plan Expert Damion tells us what they do in eQRP Co. Give people control of their money  Damion shares the story behind his journey Damion talks about the services they offer at eQRP [05:46 – 18:32] Plan Your Retirement Damion talks about the new CARES Act. The reason why you should get into an EQRP An EQRP is dynamic. It can adapt to changes in the future You get to make the decisions Damion discusses the requirements to apply for an EQRP Difference between an EQRP and self-directed IRA The ease of use of an EQRP Damion gives us a list of the things you can invest in with an EQRP [18:32 – 25:41] Things You Can Do with an EQRP Damion discusses some of the things you can do with your EQRP Shares some of the strangest things people have invested in with their EQRP Damion tells us what could happen in a situation where you want to stop investing Investing depends on what you really want to do If you have money in an EQRP, you can invest in anything  [25:42 – 28:48] Closing Segment Imagine it's a hundred years from now, you have grandkids, and one of them decides to write a book about Damion Lupo. What would you like the title to be? I Cared Through My Action. "It's easy to talk a big game but to actually go do it. It's hard." Connect with Damion. See the links below.    Tweetable Quotes: "You really need training, and how do you do that? You go out there and invest in yourself." – Damion Lupo "I don't think investing is necessarily the thing to find all your excitement in. I think it's the thing to find your certainty in." – Damion Lupo   Resources Mentioned: eQRP Co. Enhance Qualified Retirement Plan (EQRP)   The best way to connect with Damion is by texting EQRP to 72000. Follow him on LinkedIn or visit his website https://damionlupo.com/. To know more about EQRP, visit https://www.eqrp.co/.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let’s start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

On this episode of the Dentist Money™ Show, Reese and Ryan discuss the nuts and bolts of the most common qualified retirement plans. Because of the different levels of dental and specialist practices (and with the varying amounts of income they can generate), deciding which qualified retirement plan is the right one for you can be a challenge?  Reese and Ryan take the mystery out of your retirement plan options. After listening, you'll feel good about which plan you choose—and why it's the right fit for you.

In this episode, Pancham interviews Damion Lupo, Founder and CEO, Total Control Financial. Damion reveals various reasons why an eQRP is the best option for retirement planning.  This show starts off with Damion explaining an eQRP and its benefits in simple terms. How long does it take to set up an eQRP, and what are the costs? How does an eQRP compare to Self-Directed IRA and Solo 401K? You will also learn about the various restrictions for investing your eQRP funds.  Towards the end, Damion shares some hacks that will help you save your tax dollars. Tune in for some excellent insights! 3 Key Points: What is an eQRP, and what are its various benefits? eQRP vs. Self-Directed IRA – Understanding the differences eQRP vs. Solo 401K – which is the better option for you? Resources: For more details visit: www.TheGoldCollarInvestor.com/show12 Get your Hands on Damien's Book The Top SIX Reasons why investing in outside Wall Street is a good idea Get in Touch: Pancham's Email The Gold Collar Investor The Gold Collar Investor Facebook Page

Matt Bravo is the Managing Actuary at Acuff & Associates and he joins us to discuss Cash Balance Plans. Cash Balance Plans are a type of Qualified Retirement Plan that offer tax deferral savings above and beyond 401(k) and profit sharing plans for entrepreneurs.

Are you using your IRA to invest in a multifamily syndication? Then brace yourself for an unexpected tax bill when the asset sells. If, on the other hand, you’d prefer not to owe the IRS for Unrelated Business Income Tax (or UBIT), it’s time to consider a Qualified Retirement Plan (or QRP) that gives you more control over your money and makes it much easier to invest in real estate! Damion Lupo is a real estate investor, serial entrepreneur, and high-profile financial consultant. He founded Total Control Financial in 2010 to help people achieve financial freedom. He is committed disrupting Wall Street and empowering Main Street with the tools and teachings of financial transformation. In the last 25 years, Damion has launched and owned 40-plus companies, including a venture capital firm, an insurance agency, and more than a dozen real estate investment and development operations. He is also the author of QRP Book: How to Get Checkbook Control of Your 401(k) & IRA Money Now. Today, Damion joins me to explain why the current retirement system is broken and discuss the problem with using your IRA to invest in multifamily real estate. He walks us through the fundamentals of UBIT, describing how you can be blindsided by a BIG tax bill when an asset sells.  Damion also offers insight around the alternative to the IRA that is exempt from UBIT, the QRP. Listen in to understand the multiple benefits of the QRP as a retirement vehicle—and learn how to regain control of your retirement savings AND maximize your profits as a multifamily investor. Key Takeaways Why the retirement system is broken Hand $ to someone else + hope for best Better to create own wealth The shortcomings of the 401(k) No control over money, high fees Limits around what invest in The problems with the IRA Hit with taxes if invest in syndications Pay unlimited fees to custodians The fundamentals of UBIT 35% tax on profit from debt Hit with UBIT when asset sells How to avoid UBIT Move asset into QRP (in-kind rollover) The benefits of the QRP Ability to control own money Higher contribution limits (up to $50K) Borrow up to $50K to invest in self No custodian = much lower fees No third party for paperwork Short- vs. long-term real estate investments Short-term investments need tax shelter like QRP Don’t put long-term investments in retirement account When it’s worth it to get a QRP Cost between $1500—$6K (depends on # of employees, companies) Makes sense even for $50K investment Connect with Damion Damion’s Website QRP Book: How to Get Checkbook Control of Your 401(k) & IRA Money Now by Damion S. Lupo Text ‘doors’ to 72000 Visit http://www.themichaelblank.com/qrp Resources The Real Estate Guys Deal Maker Live Hal Elrod Damion Lupo on ABI EP079 Tom Wheelwright Michael’s Mentoring Program Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank Podcast Show Notes Review the Podcast on iTunes Michael’s Website Michael on Facebook Apartment Investor Network Facebook Group Michael on Instagram

Bernard Reisz, a CPA with extensive experience in alternative investment and finance industries, is the founder of 401kCheckbook.com, a company that crafts retirement plans that enhance your current and future finances. Bernard shares how they empower individuals to optimize their finances using proactive and innovative strategies. He provides an integrated approach to tax and financial […]

Welcome to Certificant Connections, a podcast powered by the Certified Financial Planner Board of Standards. In this episode, CFP Board takes a quick look at the latest news and trends in the financial planning profession. With interviews and insights from newsmakers and thought leaders in the profession.   There are many avenues for people to become CFP® professionals and on this episode of Certificant Connections, Jillian Nel, CFP® talks about how being a financial planner allows her a great work-life balance as a working mom while having a successful business that continues to grow. Key Takeaways [:20] Dan Drummond welcomes Jillian Nel, and asks her to talk a bit about herself and her journey to CFP Certification. [1:54] Dan asks what Jillian thinks of the flexibility awarded in this line of business. [2:49] Jillian’s advice for younger people, especially women and minorities, wanting to get into the business. [3:26] What are some of the seemingly daunting aspects of getting a CFP certification and are they really that big an issue? [5:24] Any tips for up-and-comers? [6:18] Dan asks what professional experience newly certified grads should look to get? [8:03] Dan asks Jillian if she has any additional parting advice for people starting in the business, and thanks her for coming on the podcast.   Thank you for listening to another episode of Certificant Connections, for more information, visit our website and check out our blog.   To submit questions, email us at podcast@cfpboard.org.   If you enjoyed the show, we hope you visit iTunes to subscribe, rate and leave us a review.   Join us next time for another edition of Certificant Connections.   Mentioned in this episode Certified Financial Planner Board of Standards CFP Registered Programs Conference Legacy Asset Management Rice University — Susanne M. Glasscock School of Continuous Studies — Certified Financial Planner™ (CFP®) Certification Education   More about your hosts Dan Drummond is the Director of Communications of Certified Financial Planner Board of Standards, Inc. (CFP Board)   Jillian Nel, CFP®, CDFA is the director of financial planning for Legacy Asset Management in Houston. She is a CERTIFIED FINANCIAL PLANNER™ professional (CFP®) and a Certified Divorce Financial Analyst (CDFA). Ms. Nel and her team provide comprehensive financial planning and risk management to individual clients, business owners and their families. She also provides consulting and advisory services for the Qualified Retirement Plan practice of the firm to business owners, plan administrators, and participants.   Jillian was selected to serve as the Academic Program Director for the CERTIFIED FINANCIAL PLANNER™ (CFP®) Certification Education Program within the Glasscock School at Rice University.  This course prepares candidates to sit for the CFP® exam. Jillian has also served as an instructor of Retirement Planning & Employee Benefits for this program since March 2013 and continues to teach on a regular basis.   Jillian Nel at Legacy Asset Management Jillian Nel at Rice University

What is the formula for financial freedom? In this episode, we sit down with Damion Lupo (Author & and Founder of Transformation Nation) who provides us with the answer and more. He starts by sharing with us how his first startup came to past because he didn't have money for video games and also shares where he thinks the industry is going. Next, he shares how his dad and Elon Musk are huge inspirations to him.  He also goes on to share with us why he started over 45 companies and why he doesn't care that over half of them didn't work. Later, Damion talks about how he lost his real estate empire in the Great Recession of 2008 and how he slowly gained it back. He also shares with us the process of coauthoring a book. Before the break, Damion shares with us all about Black Belt Wealth. After the break, Damion shares with us his perspective his take on cryptocurrency and the future of currency. Damian shares with his philosophy of engaging in the process whether it be investing, starting a business, and everything else in your life. Next Damion shares with us the Qualified Retirement Plan or QRP and why he doesn't trust financial advisors. Damion moves on to discuss his mastermind group and his meeting with Grant Cardone. Lastly, he shares with us how he created a martial art and what his superpower is.  Best Selling Author in personal finance and money thinking, host of the Transformation Nation podcast, owner of 30+ companies and founder of his own martial art - Yokido ® Damion outrightly rejects regret and speaks to it as the ultimate life failure. He has a unique approach to living a full-filled life by breaking rules and making more mistakes, faster, than the competition - his key to success. Playing by a different set of rules, he even bought his first rental house with a VISA, a move that snowballed into owning 150 rental houses in 7 states in less than 5 years. In 2008 he lost the entire $20 million but recreated his wealth and reinvented his life over 4 transformational years. Today he leads 3 global companies with one unified mission - to Free People from Money Bondage. Contact Damion at damionlupo@gmail.com Visit Damion's website Purchase Damion's books: Reinvented Life The Quick & Dirty Guide To Gold & Silver The QRP Book Follow Damion on Facebook, Twitter and LinkedIn Follow The Startup Life Podcast Facebook Page Want exclusive content from The Startup Life Podcast? Sign up to be a patron on The Binge Podcast Network Patreon Page and Select The Startup Life All-Access Tier.  Want gear from The Startup Life? Check out our gear! Check out other great podcasts from The Binge Podcast Network. Music Credits: **Show Theme** Behind Closed Doors - Otis McDonald   **Break Theme** Cielo - Huma-Huma   **Reflection Point Theme** Light Thought by Kevin MacLeod    **Lasting Thoughts Theme** Tomorrow -Bensound  Other Music Happiness-Bensound Rain & Tears-Neutrin05      

#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 Find Properties: GREturnkey.com GRE Book: GetRichEducation.com/Book

Damion Lupo is the author of "The Qualified Retirement Plan" for Syndicators. He wrote the book to help educate the marketplace on what is possible for qualified retirement investments.

What is the mysterious QRP? And how is it different from the self-directed 401(k)? I’m Bryan Ellis. I’ll give you the answer right now in Episode #307 of America’s largest, fastest growing podcast for self-directed investors----Hello, self-directed investor nation, all across the fruited plane! Welcome to the show of record for savvy self-directed investors like you, where in each episode, I help you to find, understand and profit from exceptional alternative investment opportunities and strategies.Earlier this week I was having a conversation with a colleague who heads a really cool group of dentists and doctors who mastermind together to build great investment portfolios. He told me that several of his members reached out to him because they’d heard about something called a QRP that was clearly superior to a self-directed IRA, and maybe even better than a self-directed 401(k) as well.Whatever it was, it generated a lot of excitement. The propaganda that my colleague’s clients heard suggested rather heavily, but maybe only indirectly, that this mysterious new financial tool was a different sort of animal… distinct from self-directed IRA’s, distinct from self-directed 401(k)’s… a different animal entirely.My colleague asked me about it, and wanted to know what I thought about it. It immediately struck a strange tone with me, because the acronym QRP is not well known in the world at large, but is extremely well known in the retirement industry. It stands for Qualified Retirement Plan.In a generic sense, a qualified retirement plan isn’t actually an account type… it’s a broad category of account types that includes other categories like “defined benefit” plans and “defined contribution” plans. So QRP is a known quantity to people in the retirement industry.But the way it was described to my colleague… and indeed, the marketing propaganda that support this particular offer, try very hard to maintain an air of mystery about the QRP and to suggest that it is something totally unique and distinct. It claims some wonderful features, such as:· Very high contribution limits· Very favorable tax treatment of debt-financed investments, which is a big problem area for IRA’s· Near instant access to a $50,000 loan from the account at any time· Checkbook control of the funds in the account· No income limits· And a few other thingsReally attractive features, to be sure. But those features make it sound strikingly like something you and I know very well… the solo 401(k). But was it actually something different? Why was this promoter calling it a QRP? Had he stumbled onto a wonderful tool about which I was not aware?Well, no. It was exactly as I thought.The “dirty little secret” of the promoter who pushes QRP’s is simply using the term QRP to refer to self-directed 401(k) plans. That’s kind of misleading because 401(k)’s are only one of a large number of types of qualified retirement plans, but hey… whatever, you know?So to you, my dear friends in SDI nation… allow me to tell you with the utmost clarity: As has already begun to happen, you’re going to see more and more people marketing solo 401(k)’s, because it turns out that you don’t really have to have any particular licensing to do so. And some of them are going to be creative in their marketing and will call their product by a different name like QRP.I guess I don’t blame them. It’s different than the typical name “solo” or “self-directed” 401k… and being an unusual acronym, QRP sounds mysterious.But don’t let yourself be distracted. I can tell you now with astoundingly high confidence that anytime you hear about a self-directed account that offers that collection of features, it’s nearly certain that what you’re dealing with is a solo 401(k), no matter what else it’s being called.My friends… invest wisely today and live well forever. See acast.com/privacy for privacy and opt-out information.

NewFed’s Brian Damico interviews Damion Lupo of www.DamionLupo.com about QRP’s (Qualified Retirement Plan), exiting the Wall Street Roller Coaster, Recession proof assets, and positive ways to cause disruption in your life. Get his free book his book “Total Control to the QRP” at www.totalcontrolfinancial.com when you enter your email address. This episode of Easy Money New England asks the questions “What if the market crashes?” and Damion will blow your mind with his answer!  If you are looking to get way more out of the money you already have, there are so many tips on this episode! This and every Easy Money New England Podcast is filmed at The Studio 21 Podcast Cafe and is Hosted on the United Podcast Network.

When it comes to your retirement and money, how do you keep more? Is there a way to reduce investment fees? How can you really catch up fast, or make a major addition to your retirement accounts? How can you reduce taxes? A Qualified Retirement Plan may be the answer for you. Damion Lupo is president of Total Control Financial, a firm who’s goal is to disrupt Wall Street by empowering and educating individual investors to take more control of their finances. Is there a danger? Of course! You must know yourself, and be confident. There is a wealth of thought provoking conversation here. Spin jobs by Wall street (3:20) Most people do not want to think about it. (3:50) How much does it really cost investors each year? (7:30) The Guide to Qualified Retirement Plan (QRP) (8:52) The difference between a Self Directed IRA and a QRP. (10:18) Contribution differences. (10:50) Does QRP applied to those NOT self employed? (12:02) Tax Benefits. (13:35) The down side of QRP. (15:26) It takes education. (16:18) Will you deal with the devil you know (Wall Street) or the devil you don’t know (You)? (20:11) Green and Red Arrows of wealth story. (20:49) What is wealth- cash in the bank or cash flow? (23:00) Reimagining your relationship with money. (24:00) 6 Guiding Principals of Total Control Financial. (27:04) Final Take Away. (32:20) Damion was a guest on Episode 19. Be sure to listen to this show. You'll also find out about his favorite music, looking back from 95 years old, and thoughts on death and dying. Thanks for telling your baby boomer pals and showing them how to subscribe on their smartphone and tablets. If you are reading this, please leave a review on iTunes. Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

Many baby boomers have experienced bankruptcy, foreclosure, business loss, divorce, humiliation, and other traumatic experiences. Those life events can become a personal identity that lingers for years, unless there is a process of introspection, re-wiring, and re-inventing. Our guest today, Damion Lupo, had great success in his twenties, only to crash and burn. He went through a process before reinventing himself, writing three books, and now owning two successful financial services companies. On his journey he has started 30 businesses, and shares lessons learned. He is mission and purpose driven with many lessons in this episode. Expect a future episode about creating a Qualified Retirement Plan that will give you a totally new perspective on Wall Street and investing. Feature Segments Why he does not like the word “retirement.”  (2:25) Why would you stop contributing? (4:00) When stop using your mind and engaging. (4:55) Having the financial trappings. (6:20) Problem when he created his first financial empire. (7:30) Being the “golden child.” (8:19) People do not see under the hood of outwardly successful people. (8:35) Damion’s mistakes. (8:30) What Damion did to get his confidence back. (10:50) Trigger events. (11:10) His process after the trigger event. (11:47) The moment. (12:12) The difference-he surrendered and sought the truth. (13:35) It’s about ownership. Could take 5 minutes or 5 years. (15:10) Asked what could I do that would benefit other people? (16:29) The pain of regret vs. the pain of discipline.  (22:02) The fear of failures for baby boomers. (24:00) Tip toeing safely to death’s door. (26:50) Damion’s Music, which will be listed below. On death and dying. (32:10) Looking back from 95 years old to his youth of today. (33:28) Final take away. (37:20)   Music These are two bands and songs that I never paid much attention to. Just goes to show how much great music and lyrics there are. Not just for baby boomers. This message whispers loud. Mike & The Mechanics - The Living Years  Van Halen - Right Now  Contact Damion Lupo www.TotalControlFinancial.com Resources  Visit www.TotalControlFinancial.com for copies. Life ReInvented. Guide to Qualified Retirement Plan. Quick and Dirty Guide to Gold and Silver.   How To Help Planet BoomerVille Subscribe, rate, and review in iTunes or Stitcher. Tell your baby boomer friends and show them how to listen to podcasts and subscribe. Tell your millennial friends so they can tell their baby boomer parents. Tell your pals on social media. Do you know someone who should be featured? Please do tell.                  

Clint Coons highlights the benefits of utilizing a qualified retirement plan for your real estate investment deals. Clint goes over how much you can contribute per year to a qualified retirement plan and other advantages that help you, as a real estate investor. Do you want to be a real estate investor but need step-by-step guidance to help get you started? The Investor Machine is a 90-day program with training, weekly tasks, bi-weekly group calls, and more! Schedule a free call to discuss your goals today!

Clint Coons highlights the benefits of utilizing a qualified retirement plan for your real estate investment deals. Clint goes over how much you can contribute per year to a qualified retirement plan and other advantages that help you, as a real estate investor. Do you want to be a real estate investor but need step-by-step guidance to help get you started? The Investor Machine is a 90-day program with training, weekly tasks, bi-weekly group calls, and more! Schedule a free call to discuss your goals today!

Describe why preretirement death benefits are typically provided outside of the qualified retirement plan

Identify reasons for, alternatives to, and limitations on terminating a qualified retirement plan

Identify reasons for, alternatives to, and limitations on terminating a qualified retirement plan

Describe why preretirement death benefits are typically provided outside of the qualified retirement plan

Damion Lupo is the author of many books but we are going to talk mostly about his book called The QRP book today. Damion has actually appeared on the show before, where he has talked about how he went from being a multi-millionaire to being broke and building his net worth back up again.  [:] What is a QRP? Qualified Retirement Plan, broad term for these tax plans Most people are familiar with 401ks This gives a different option that most people don’t know about Damion has created EQRP - it’s different in that it’s a 401k that you can invest yourself It’s strange to think about because you are the custodian [:] What are the benefits? Match from company and then an IRA Over 20 years, you’re not going to save up a ton of money from that QRPs allow you to do up to $50k a year. You could even get a tax credit- paid out Most of the withdrawal rules are the same [:] You explain the 8th world wonder in your book, for anyone grappling with this idea, what advice do you have for them? The easiest way to think of it is compound interest- if you don’t pay it off you owe a ton more money next month. On the flip side if you are earning it it works the same. 72 divided by your interest rate is how long it’ll take for your money to double However it’s not just about a fixed return, you need to choose what you want to invest in  [:] How do you set up a QRP? You need to have business activity Giant trust document Rollover money You typically need a firm to set one up for you If you aren’t wanting to do the research then you might want to use someone Value Link: Grab a copy of Damion’s new QRB Book [:] What is your saving or retirement plan? Damion keeps his money moving Money goes in and out and he continues to get paid Store money in gold [:] Favorite Quote?   [:] Parting piece of advice?  Support this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsWant to advertise on this podcast? Go to https://redcircle.com/brands and sign up.