208: Invest Your Retirement Funds Anywhere with the QRP featuring Damion Lupo
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 1 October 2018
⏱️ 43 minutes
🧾️ Download transcript
Summary
#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.
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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
Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. When it comes to retirement accounts, |
| 0:06.6 | you might not realize that you could invest it in real assets like real estate, precious metals, |
| 0:11.6 | and more, but with any self-directed IRA, you might be subject to paying a steep tax bill. |
| 0:17.3 | How do you avoid that tax? Get checkbook control of your own IRA and have the benefit of |
| 0:22.6 | annual contribution limits 10 times greater than those of an IRA. That and more today on Get Rich |
| 0:29.7 | Education. Finally, total control financial gives you checkbook control of your 401k and IRA money to invest in |
| 0:38.8 | real estate. It's time to get your retirement money into your own checking account, |
| 0:44.0 | but you've got to avoid the little-known tax that you'll pay with any self-directed IRA. Instead, |
| 0:49.4 | it's time for the QRP. Learn more and get your free copy of the QRP book by text messaging |
| 0:55.8 | QRP in all capital letters to 72,000. |
| 1:03.8 | MC Lobbscher is the host of the top-rated business and investing podcast, Cashflow Ninja, |
| 1:09.4 | and also the president of producers' wealth. |
| 1:12.5 | Producers' wealth assists people in creating, protecting, and perpetually multiplying wealth |
| 1:17.5 | in any economy through creating processes that help them increase their production, |
| 1:22.9 | provide them with liquidity, passive income generators, and opportunities for enormous growth. |
| 1:29.2 | Learn more about their time-tested and proven systems at your own banking system.com. |
| 1:35.2 | Get Rich Education is brought to you by Ridge Lending Group, Producers Wealth, LaRata Real Estate, |
| 1:39.7 | and Total Control Financial. |
| 1:43.0 | You're listening to the show that has created more passive income for people than nearly |
| 1:47.6 | any show in the world. |
| 1:50.3 | This is the powerful Get Rich Education. |
| 1:55.0 | Thank you. Today, you're not here for me. You are here for you. |
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