With a tax-deferred investment, you pay federal income taxes when you take money out of the investment rather than during the time the money is invested. Any earnings your contributions produce while invested are also tax-deferred. Think of it like this: The IRS is allowing you to grow your fun.
You can accumulate tax deferred savings in one of two ways:
Tax-deferred accounts like an Individual Retirement Accounts (IRAs) or employer-sponsored retirement plan (such as a 401(k), 457 or 403(b) plan). Inside these accounts you can purchase various different types of investments.
Tax-deferred annuity is an investment that allows you to accumulate tax-deferred savings. Tax-deferred annuities can be fixed, offering a guaranteed or variable rate. This allows you to choose from a variety of investments.
Use retirement funds tax-, penalty-, and debt-free to start or grow a business.
Best of all, you can also pay yourself a salary during the start-up period. This resource was featured in the Wall Street Journal and IRS approved.
At Benetrends, we are singularly focused on helping individuals start and succeed in business. It all began over 35 years ago as we were the first to introduce our innovative Rainmaker Plan®/401(k) self-reliant business funding.
The Rainmaker Plan is a safe, proven plan based on long-standing provisions of the IRS. It is designed specifically to help you: