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KEY011 - Individual Pension Plans - Why they are the best wealth accumulation plans for business owners. by Mind Map: KEY011 - Individual Pension Plans - Why  they are the best wealth accumulation plans for business owners.
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KEY011 - Individual Pension Plans - Why they are the best wealth accumulation plans for business owners.

04 In This Edition

In this edition of The Key To Retirement, I'm going to talk about Individual Pension Plans (IPP's) and why they are the best wealth accumulation solution for business owners.

And, in today's bonus segment we're going to show you how to get a FREE, customized report showing you how much of a tax-deduction you can create, virtually out of thin air, to save a boat load of taxes this year. This one report will clearly show you, in black and white, whether or not you should be exploring this amazing wealth accumulation plan further.

05 What's New?

Cathy: So, what's been going on?

Scott: Remember a few summers ago when I told you about a book that I read that was a real "game changer" for me?

Cathy: You've had a few of those. Which one are you talking about specifically?

Scott: The book is called "Built To Sell". And the author's name is John Warrilow.

Cathy: Oh yes, I remember. The one that painted the picture about how to build your business so that it's running so well that you would have people contacting you regularly to buy your business but because you are having so much fun in your business that the reality is you wouldn't want to sell.

Scott: That's the one. And INC. Magazine rated the book as one of the best books in 2010 for business owners.

Scott: Well, I had dinner with John the other night, then spent the next day in a strategy session with him and a few other top Canadian business owners to discuss some of the "Best Practices" for building a business focused on nothing but adding value to that business' clientele.

Scott: It was an amazing session and the feedback when I presented our trademarked KAIZEN Financial Planning Process to the group was really rewarding.

Scott: They all loved the completeness of it. But most importantly, because they were business owners, they loved the Corporate Class Enhancement that we offer to our business-owner clients.

Scott: And when I spoke to them about the use of Individual Pension Plans for owners of small- to medium-sized businesses, their heads almost exploded.

Cathy: Yes, IPP's are pretty amazing.

Scott: They are probably one of the most misunderstood and underutilized tools available to business owners.

Scott: So, that's what led me to the topic of today's episode. You see when some of the people in the session heard me speak about this particular tool, the most common comment was, why isn't there more information on IPP's available? So, in true entrepreneurial fashion, I will fill that need with this episode.

Cathy: Then let's get to it.

07 Feature Segment

Are you an incorporated business owner?

Are you over the age of 40?

Do you earn more than $100,000 a year?

Are you serious about your wealth?

If you answered yes to these questions, you are in for a great show.

09 Bonus Segment

As a business owner, you are constantly on the lookout for three, very important things.

First, you are always looking for ways of generating new business. New business is the lifeblood of your business and without it, well, let's not even go there. Let's just say, it's important.

Secondly, you are always looking for ways of keeping your business expenses down because a $1 saved is an extra dollar of profit. And as a business owner, profits are everything.

And finally, you are constantly looking for ways to save on taxes. One of the clear benefits of running your own show is that you have some amazing tax strategies available to you to help keep your overall tax bill really, really low. So keeping abreast of these tax strategies is important. Really important.

Which is why you listened to this episode. This episode explained how Individual Pension Plans can directly help you with two of these three items.

Here's what I mean.

01 Intro

This is The Key To Retirement Episode 11.