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By MONEY MORNING STAFF REPORTS
Death and taxes. They’re both unavoidable, right?
Not so fast.
While nobody has cracked the code to eternal life, a small but growing number of Americans may have uncovered a way to avoid cutting a big tax check to Uncle Sam.
It’s 100% legal. And for many, it’s helping them become millionaires.
“I call this the 26(f) Program,” Money Morning Chief Investment Strategist Keith Fitz-Gerald said in a recent interview. “In my 30+ years in the business, I’ve never seen anything as powerful as this.”
President Reagan once fought Congress to keep this little-known tax loophole. Today it’s part of something much bigger that’s worth $80 billion to Americans. Are you using it? (Full story…)
The 26(f) Program was championed after the Great Depression by President Roosevelt’s team behind Social Security and the FDIC.
And for decades it’s been used by politicians and famous billionaires to build unimaginable fortunes.
It’s also one of the most effective tax havens ever created.
“Presidents Reagan and Bush Jr., Governor Romney, and President Trump, they’ve all capitalized on the 26(f) Program. And you can add famous investors Peter Lynch and Sir John Templeton to that list too.” Fitz-Gerald explained.
While few details of the 26(f) Program are known to the public, that hasn’t prevented some fortunate Americans from tapping into it.
Mark Peltz spent 27 years as a cop. The 26(f) Program helped him grab a $920,000 lump sum payout. All in a single day.
Even better, he’s going to be paid $17,000 every month for the rest of his life.
Then there’s Terrence Morgan. He worked various office jobs throughout his career. But thanks in large part to his 26(f) Program, he has a net worth of $2 million.
And Roy Nair was once a natural gas distributor in Missouri, now he’s a retired millionaire.
“If someone is retired or hoping to retire someday the 26(f) Program is their ticket,” Keith Fitz-Gerald declared in this must-see interview.
Fitz-Gerald has been an analyst, consultant and quantitative trader for 34 years and cut his teeth at some of Wall Street’s biggest firms, including Wilshire Associates, which oversees more than $8 trillion for over 600 institutional investors.
“Think about making an extra $68,870. What would you do with that extra cash? Now multiply that by 10X or 20X,” Fitz-Gerald said.
“Now imagine on top of that also getting paid an extra $5,000 or $10,000 a month in income. And then still being able to slash your taxes in half. That’s a retirement gamechanger!“
So what is the 26(f) Program? And how can you take advantage of it?
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