I hate to break it to you, but 99% of the wealthiest people got there by exploiting some loophole in the system.
Now, the way they’ve done it may not be 100% legal, but there are legal ways to do follow in their footsteps.
These 3 retirement tricks will show you exactly how to do that and get you on the wealth path you’re looking for…
There are plenty of illegitimate loopholes you can use, but I’d recommend steering clear of those as the punishment usually outweighs the rewards.
Implement these 3 tricks, and you’ll be well on your way to a happy and wealthy retirement:
The Back-Door Roth IRA Trick
This trick came about when Congress lifted income restrictions when converting from a traditional IRA to a Roth IRA. This little loophole has opened the doors to million-dollar opportunities across the country.
This loophole is exploited by taking your traditional pre-tax IRA and converting it to a Roth IRA.
When you do this, you’re taxed much less than you would be by riding your traditional IRA to retirement or just using a Roth IRA alone.
The IRA Stretch Trick
This loophole is exposed when inheriting an IRA.
A Roth IRA that’s been converted from a traditional IRA can receive their inheritance in multiple distributions over their lifetime, which would provide tax-free payouts.
You see, Roth IRAs are tax-free because it’s assumed the taxes have already been paid on it.
The Aggressive Social Security Trick
This trick is probably my favorite. It’s exploited by using your spouse’s benefits to offset yours.
It’s simple to understand with the right information…
For the first 5 years of your retirement, your spouse can claim social security for both of you.
They would get 100% social security, and you’d get 50%.
After these 5 years, you would claim full social security individually, which would boost your income and put more cash in your pocket.
At this point, your spouse will still be able to claim 100% social security so you’ll both have a decent income.
Using all 3 of these tricks will put you on the fast track to retirement, while shoveling mounds of cash into your account so you can exploit the system and retire like the millionaires do… legally.
