Planet Boomerville For Baby Boomers With Jim Enright

Increase contributions, reduce taxes, reduce fees with a QRP. Ep. 29.

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Sinopsis

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 d