Tax-free Contributions
The FlexibleSavingsPlan has a unique feature within the plan design
which will eliminate or significantly reduce your personal and/or business tax liability, allowing
for essentially tax-free contributions. There are also fewer funding restrictions, such as
contribution limits or participation requirements, making this plan extremely flexible and able
to be customized for any situation.
Tax-deferred Growth
The FlexibleSavingsPlan earns interest on a tax-deferred basis. This
means that there are no current taxes paid on the interest earned within the product allowing it
to achieve more growth.
Tax-free Distributions
Unlike most qualified retirement plans like 401(k)s and IRAs, which
are taxed as ordinary income as you take distributions from them, the FlexibleSavingsPlan
allows for tax-free distributions. Since the distributions taken from this plan are not taxed, they
provide more usable funds than similar distributions which would lose anywhere from 15% to
40% to taxes. In addition to this, because of a unique feature within the FlexibleSavingsPlan,
funds which have already been distributed continue to earn interest within the product. This
allows the funds in the FlexibleSavingsPlan to outlast equal funds held in various other financial
products. (Example = An account starting with $100,000 that has $20,000 distributed,
continues to earn interest on $100,000 instead of $80,000).
Furthermore, these funds can be accessed at your discretion, at any time, without early withdraw
penalties, or required minimum distributions.
