Federal Roth IRA
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The Income Gap Solution
“Enhanced” Roth IRAs Offering Two “Funding Components”
Flexible Premium Deferred Annuity (FPDA) Sold in Conjunction with a Modified Whole Life that offers up to $1500 per month in Disability Insurance benefits. We Recommend dedicating 50% of the first year “contribution” towards the Annuity and the other 50% to the Modified Whole Life. In year 2 and thereafter, we recommend putting 75% towards the Annuity and 25% to the Modified Whole Life. Component #1- Flexible Premium Deferred Annuity –
- Minimum Premium – $15 per month.
- Maximum Annual Premium – $4,000
- Guaranteed Interest rate-Typically 1%
- Current interest rate – Typically 4%
- Can be classified as a Roth IRA
- Government Allotment Through payroll
- Modified Whole Life –
- Minimum premium – $25 per month.
- Maximum Face Amount – $150,000
- Two Modifications
- 1st year life premium modifies after the first year. Premium decreases in half and remains that way for the duration of the plan. Remaining premium funds the FPDA.
- Death Benefit face amount modifies at age 65. Face amount decreases in half on anniversary date after proposed insured turns age 65.
- Builds cash value.
