Stack up a million bucks then enjoy 60,000 to 90,000 a year of tax-free
income ever after. In this episode, I'm going to address the question, "How to retire
with a million dollars and live tax-free ever after?" Get ready, you're going to be surprised
with the instrument that I prefer that will help you accomplish that the best.
So, I'm Doug Andrew and I've authored now at 12 books. My 12th one is just coming out.
And if you stay with me to the end of this episode, I would love to gift you
a copy of my recent bestselling book The LASER Fund. It's 300 pages of information to empower
you. And it will teach you how to diversify and create the foundation for a tax-free retirement.
And so, my goal in this episode is to help you understand how you can retire with at least a
million dollars or more. I mean, 2 million would be better, right? But enjoy tax-free income and
live happily ever after. Sound too good to be true? Nope. It's very realistic. I've helped
thousands of people do this. And first of all, you have to overcome some of the myths,
what I call myth conceptions that so many people get sort of duped into following the herd,
putting money into traditional savings accounts like IRAs and 401(k)s and the like. So, I want to
show you what the smart savvy people do with their money, what millionaires and multi-millionaires do
in order to increase the liquidity safety and rate of return of their hard-earned money to be able
to continue to compound grow and protect their wealth. But if you don't have a million dollars,
first of all, let me share with you how you can accumulate your first million.
And then how that million can double to 2 million and then to 4 million and then to 8 million
because I've helped many many people do this. You ready? So, what do I know? Well, you know,
I've helped many, many people for about 35 years, I helped my own clients with this. But then when
I wrote my first book and self-published it, it became a bestseller and then it got the attention
of Time Warner, Warner Business Books and they commissioned me to write several books. I was so
blessed and honored that my fourth book became a New York Times and Wall Street Journal number
one bestseller in 2007. It was called Last Chance Millionaire. Written to an audience of about 80
million baby boomers who maybe would outlive their money if they didn't read this book and learn what
I'm going to share with you right now. Now, I feel so honored and blessed. I'm on my 12th book.
But the secret is is back in 2005, I let all of my professional licenses automatically expire on
December 30th of that year. Why? Because I'm fine with the instrument I'm going to show you here.
But I wanted to become a consumer advocate to help you. In order to do that, I needed to
share and explain things without the straight jacket, the shackle so to speak that the financial
services industry requires. And so, what I do because I don't have any hidden agenda
here. I don't have any licenses. I don't earn compensation from selling products. And so, that's
why I empower people to learn and I write books and then you can govern yourself. So, that's why
I do not follow the herd and I don't have to give all kinds of disclaimers. I'm simply an author.
An author is what? An authority on a subject. I know what I'm talking about because I've helped
thousands of people not only accumulate wealth but preserve it transfer it down to future generations
into perpetuity. So, as we continue here, how do we make a million bucks? Well, you could start
socking away 500 bucks a month. And if you earn a rate of return that I've averaged for the last
45 years, 8.2%, 9.6%, you'll have a million bucks in 30 years. Oh, you don't want to wait 30 years?
Well, sock away 1,000 a month twice as much or earn a little bit higher rate of return then
you're probably earning in an IRA or 401(k). Most Americans only earn three and a half percent. So,
you earn a higher rate of return but don't get too greedy or else you will put your money at risk.
These are not pie-in-the-sky rates of return. I'm talking about 6, 8,
10 percent rates of return average. Some years you'll make more, some years less. The key is
to accumulate your money tax-free, be able to have inflation work for you instead of against you and
protect yourself from market volatility. Because a dollar doubling every period for 20 periods
will grow to 1,048,000 if it's tax-free. But if you have that money in a bank or credit union,
a dollar doubling to $2 in a 25% bracket, you only have a buck 75 after paying tax on that increase.
Buck seventy-five the next year doubles the 350. You pay tax on that. Guess how much you will
have at the end of the same 20-year period? Only 72,000. Not 1,048,000. See, that's the way most
Americans save is in taxed as earned investments. The worst way and it's the most common way.
So, what about a 33% bracket? You'll only have 27,000 instead of a million, 2.7%.
People say, "Well, what about tax-deferred? I have a tax-deferred IRA or 401(k)? Look,
I have a million!" That's not all your money. A third of it belongs to the government. You only
have 670,000. If you have a million and if it was earning 10%, you pull out 100,000, you're
only netting 67,000 after tax. I would rather have a million that generates 100,000 a year
tax-free. So, here is what you do: You start socking away whatever you can afford. I would
recommend you save 10, 15, 20, even 30 percent. The more you save, the quicker you'll be able to
have a nest egg to retire on. But all it takes is 500 a month, 1,000 a month. Or if you want to get
serious, sock away 20 thousand, 30 thousand a year. And you will have a million, 2 million.
Many people end up with as much as 4 million and even 8 million dollars because every 7 to 10
years, whatever you have will double again every 7 to 10 years. So, why is this so critical? Now,
I'm gonna show you how every million that you end up with can generate 60 thousand, 80 thousand,
100 thousand a year of tax-free income for as long as you live without depleting the principal.
But before I do that, be sure and share. Click like, comment and subscribe because you know what?
When you push that subscribe button, if you push the little bell, you'll get notified every time
I post an in-depth answer to a financial question like this one. I don't want you to miss out on the
3-Dimensional Wealth channel. This is about you and your brighter future. It's not about me. I am
so passionate about providing you with information and insights into opportunities that maybe you
didn't know existed before. So, when you are searching and you came across this video, "Golly,
how to retire with a million dollars and live tax-free?" It's simpler than you maybe thought.
Well, if you use my favorite vehicle which I call the Laser Fund, LASER (L-A-S-E-R) is an acronym
that I've used for years that stands for liquid asset safely earning returns. I'll share with you
what it is but it's more important what it does. It's a max-funded indexed universal life insurance
contract that is structured for living benefits where you take the least amount of insurance the
IRS will let you get away with and you put in the most money the IRS allows as fast as they allow.
And it turns into a tax-free cash cow. This is where I have averaged between 8 to 10 percent
tax-free. I'm talking about net cash on cash. Now, if you're going, "I've never heard or seen of an
insurance policy like that before." Sometimes I have advisors that go, "I've never seen one do
that before. I don't think they exist." Sometimes I'm tempted to say, "Oh, really? You've never seen
one, you don't think they exist?" I mean how do you know that exists? That's not a good logic.
I can show you thousands of people who have maximum funded their insurance contracts the way
that I teach in my book. And I want to gift you a copy of this book here in just a moment free.
When they do that, they are able to double their money about every 7 to 10 years a half a million
doubles to a million in 7 and a half years. That million doubles to 2 million in another
7 and a half years. You can have a goal of a million but as soon as you accumulate a million,
why not double up to 2 million in another 7 and a half years? See, that's compound interest. Every
time it doubles, you accomplish as much as what it accomplished in all the doubling periods before
that. That's why Albert Einstein said, "The Eighth Wonder of the world is compound interest." But it
was Rothschilds who said, "No, the Eighth Wonder of the world is compound interest, tax-free".
Are you beginning to get it? So, if you use a max-funded index universal life to do this,
you can learn how to structure it correctly so that your cash on cash internal rate of return
can be 6%, 8%, 10% so that every million that you accumulate by the time you wanna start turning on
the income can generate 60 to 100 thousand a year tax-free cash flow without depleting
principal. And once you understand that, you'll go, "Oh, my heck. It's simpler than I thought."
You just have to be disciplined and educated. So, let me show you how you can learn. If you're like
me and my family, we have LLCs, you maybe think I'm talking about limited liability companies.
Yeah, we've got those. But an LLC in our family means lifetime learning commitment. I want you to
commit to learn and I'm going to gift you a book so that you can be empowered with how to do what
I'm talking about. When you study this book that I want to gift you here, you're going to understand
how this can be the dream solution for all kinds of financial goals. Sort of like a financial
swiss army knife. You can use this to accumulate access and transfer your money tax-free, not only
for retirement but for college funding, for your kids and grandkids, working capital for business,
emergency funds, maximizing your pension as a school teacher, or police officer, or fireman.
We're talking about real estate management, all kinds of applications. But why? Because as you
sock away money in this vehicle.You can end up with $1,250,000 let's say that could generate
easily 100,000 a year of tax-free cash flow. Why did I come up with 1,250,000? Because the
financial services industry has what is called a 4% rule. If you had your money in traditional
IRAs or 401(k)s in the market, they would only let you or recommend that you take out 4%.
Let's say you tightened your belt and you thought you could maybe get by with 3,000 a month or
36,000 a year. In a 28% tax bracket which most americans are in between federal and state tax
if you earn (you know) about 80,000 a year as a couple, you will have to pull out $50,000
out of an IRA or 401(k) pay tax of 8% to net 36,000. So, what's 50,000 4% of? $1,250,000
nest egg. Now, if you're anything like me, to accumulate $1,250,000, to have a measly 3,000 a
month of retirement income is pathetic. I want you... If you have 1,250,000 to enjoy 100,000
a year of tax-free income that will last for as long as you live. That's substantially more. Wanna
learn more? This is my most recent best-selling book. It's 300 pages, 2 books in 1. See this?
This is the left-brain side with charts and graphs and explanations. This is the right brain side
that has 62 actual client stories of how this is like a financial swiss army knife.
Now, I want to gift one to you. If you'll study it, I'll pay for the book. You simply go to
laserfund... LASERfund.com or better yet click on the link below and you contribute a nominal
amount towards the shipping and handling. I'll cover the rest of that cost. And i'll fire out
a copy to you absolutely free. And there's also options there if you want to listen and learn
or watch and learn or you want expedited shipping. The point is this is about you,
about your brighter future. And when you begin to read this, you'll understand why I'm so passionate
about uh education and helping you learn true principles and then you can govern yourself.