If you’re starting a new plan – or if you already have a plan you’re not entirely sure about – after reading this behind-the-scenes Special Report, you’ll finally know:
* Why a retirement plan is the easiest way to grow your money 278% faster
without having to work any harder.
* How to legally walk up to $207,477 of profits out of your practice each year before
the IRS can even touch a penny of it.
* The 3 ways the “dirty little secret” of the retirement plan industry costs dentists
millions (and the simple way to keep them from picking your pocket.)
* How to quickly amass a $2.1 million nest egg even if you don’t have a lot of
years before retirement. (Here’s your chance to make up for a late start.)
* How to get the Triple Guarantee that Wall Street and the insurance companies
would never even consider matching.
* And many more “insider secrets” you won’t find anywhere else…
Before we jump right in, let me take a moment to introduce myself. My name is John Plisky and you may have heard about me from Dr. Woody Oakes in The Profitable Dentist. Or you may have seen me speak at one of Woody’s seminars in Destin, Florida.
Just in case you haven’t heard of me yet, I’ve been in the retirement plan industry for 20 years now. My father Jack is Chief Actuary of our family business here and he’s been the highest level of actuary attainable since 1968. So we’ve been around the block a few times.
And we’ve become so sick and tired of the abuses we see on a regular basis that
we’ve become “whistle-blowers” in the hopes that we can save unsuspecting dentists from getting taken advantage of. But before we show you how to safely navigate the shark-infested waters, let’s take a look at:
Why a Retirement Plan is the Easiest Way
To Grow Your Money 278% Faster
Without Having to Work Any Harder
First of all, you get a tax deduction up-front for contributing money to a qualified plan. There aren’t many legitimate tax shelters left and this is a biggie. Depending on the type of retirement plan you choose, you can legally walk up to $207,477 of profits out of your practice each year and put it in your plan - before the IRS can even touch a penny of it!
To see just how powerful this can be, here’s an example using round numbers:
Say you put $100,000 into a retirement plan this year. You get a tax deduction of $100,000 now and you still have the entire $100,000 to invest. If you had tried to bring that money home instead, you’d only have $60,000 to invest because you’d get hit for about $40,000 in taxes (assuming 40% in federal and state taxes).
Obviously, that’s a big difference in how much you can invest.
And it gets even better! Your money in a retirement plan grows much faster because it’s not taxed along the way either. So if you earn 10% a year on your investments inside your retirement plan, you keep the whole 10%. If you had invested at home in a normal taxable account instead, you’d only keep 6% because again you’d lose 40% to taxes each year. In this simple example, the difference is:
Earning 10% on $100,000 = $10,000
vs.
Earning 6% on $60,000 = $3,600
Can you see how your money can grow so much faster this way?
Remember, in this example we’re talking about the same $100,000 in profits you made in your practice. You don’t have to work any harder at all. But by choosing to shelter it in a retirement plan instead of exposing it to the taxman, your earnings each year on that money are 278% bigger. That’s almost triple the growth!
You may be thinking, “Wait a minute - won’t I have to pay taxes when I take it out?”
Yes you will - and by then you should be so far ahead with your “paying taxes later” retirement plan that the “paying taxes first” way can’t ever catch up.
In a minute, I’ll show you an easy way to find out how much further ahead you could be based on your age and your particular situation. But first, let’s talk about . . .
The 3 Ways the “Dirty Little Secret” of the
Retirement Plan Industry Costs Dentists Millions
You probably already know that stockbrokers and insurance agents are really just salespeople trying to sell more investment and insurance products, right?
But what you may not have realized yet is that when it comes to retirement plans, those brokers want to sell you a pre-packaged “off-the-shelf” plan - even though that’s almost never the best possible plan for a dental practice.
Here are the three ways this “dirty little secret” can hurt you . . .
1. With an “off-the-shelf” plan you almost definitely miss out on getting the maximum allowable tax deduction – which can be as high as $207,477 a year.
That loss can add up to millions of dollars over your career. Which can mean the difference between living the life of your dreams or being forced to accept something that falls way short. After all your hard work, don’t you deserve what you’ve always dreamed of?
And even though money may not be able to buy happiness directly, having enough to do all that you want to do sure makes life a lot more fun! (Not to mention how much it can benefit those closest to you.)
So how do you make it happen?
The key is understanding that a retirement plan actually has three parts:
* the “Plan Document” that sets out the particulars of the plan (in legalese of course!)
so that it satisfies the IRS;
* the “Annual Administration” of the plan that includes all the calculations, IRS tax
forms, reports and employee statements that need to be done each year; and
* the “Investing” of the plan’s assets.
Stockbrokers and insurance agents want you to use one of their company’s “off-the-shelf” plan documents because it’s much easier for them. (Remember, they get paid for selling investment and insurance products, not designing retirement plans. A retirement plan just happens to be an easy way for them to sell lots of investment products.)
So what should you do instead to maximize your tax deduction?
Get your own custom-designed plan document.
That way your plan is perfectly matched to your particular situation without any compromises. It’s like the difference between a custom-tailored suit that fits you exactly compared to an “off-the-shelf” one that fits you ok here and not so well there because it needs to cover a wide range of people.
Then have your plan’s annual administration done by an independent firm that can keep it perfectly matched to you as your situation changes.
That custom tailored suit you had made in your 30’s may not fit as well when you’re in your 50’s. The same goes for a retirement plan. As you get older and your practice evolves, your plan needs to evolve also to make sure you’re still getting the best deal.
Do you really think a big institution that handles tens of thousands of plans is going to take the time to do this? Don’t hold your breath waiting!
The thing to keep in mind here is this:
It’s fine to have a brokerage house or insurance company handle the investing part, but you don’t want them doing all three parts because:
Having Your Own Custom-Designed
Retirement Plan Document and
Having the Annual Administration Done Independently
Keeps You In Control – Instead of Wall Street
If you want us to, we can make sure the custom-designed plan document and the annual administration are done right.
Note: If you already have all three parts with a brokerage or insurance company, and you want to regain control to improve your numbers (and the service), switching is as easy as sending a simple letter that we can help you with.
2. The second way Wall Street’s “cookie-cutter” plans take money out of your pocket is by making you give too much to the employees.
To make it as easy as possible for the brokerage house or insurance company to administer, their standardized plans typically make a dentist give more to the employees than a good custom-designed plan would.
In fact, we’re not happy unless we can get you 80-90% of the contribution. I mean if you’re only getting 50-60% of the money, that’s no better than giving it to the IRS, right? (Of course you can always choose to be more generous if you want to, but you shouldn’t be required to.)
3. And then they waste your valuable time with awful service.
Since the broker isn’t actually administering the plan, every time you have a question you have to phone the company’s call center somewhere else.
Which means today you get “customer service rep” Sally. Then next time you get the new guy Bob, and then Jill. And each time it’s probably the first time they’ve ever seen your plan because they have tens of thousands of plans.
So it’s no surprise that dentists get really fed up from receiving such awful service.
We strongly believe you should be able to talk to the person who actually does the calculations on your plan and knows your unique situation. Although that’s unusual for this industry.
And here’s what’s really unusual . . .
Our Unmatched Money-Back Triple Guarantee
We want you to feel comfortable starting a new plan or moving your plan over to us so our one-year money-back Triple Guarantee promises you:
1. The biggest tax deduction legally possible for your particular situation;
2. The highest percentage of the contribution going to you that passes IRS tests; and
3. Personal one-on-one attention from John/Jack Plisky at least 4-8 times a year;
or we’ll return any plan administration fees you’ve paid us.
We think this is the only fair way to do business, but I sincerely doubt that any of those Wall Street brokerage firms or insurance companies would even consider matching this.
And we make it extremely easy to find out more.
Who Else Wants a $2.1 Million Half-Hour?
For the past few years, we’ve been calling our FREE, no obligation phone consultation the “$2.1 Million Half-Hour” because dentists usually want to hear about a type of custom plan we design that can accumulate $2.1 Million in as little as 10 years.
If you’ve read this far, you probably feel some combination of curiosity and excitement. And you probably have some questions you’d like answered. Well here is your chance to have a relaxed conversation about your particular situation to see what’s possible. Again, it’s FREE and there’s absolutely no obligation.
All you have to do right now is either:
call me directly at (732) 223-0770 or
click here
and we'll schedule a convenient time for your free $2.1 Million Half-Hour phone consultation.
Either way, I look forward to hearing from you.
Warmly,