Section 79 Plans

            Most people have never heard of what we call in the industry a Section 79 Plan.

           

            Why? Because it’s a marginally affective wealth building tool pitched by insurance agents who really do not understand the math behind the plan.

            If you already have the opinion that we do not like Section 79 Plans, you are correct.

            If that’s the case, then why are we discussing it on our web-site?

            The answer is simple, the benefits of Section 79 plans are massively oversold by advisors who pitch them and we wanted you to know that we believe the plans are not worth implementing from a pure financial point of view.  In other words, this section of our web-site was put together to warn you to stay away from advisors pitching this plan.

            Why is it such a bad plan?  It’s all about the math.  We can show you how to build more wealth without implementing a Section 79 Plan.

For More Information Google Lance Wallach.

 Lance Wallach, CLU, ChFC, CIMC, speaks and writes extensively about financial planning, retirement plans, and tax reduction strategies.  He is an American Institute of CPA’s course developer and instructor and has authored numerous bestselling books about abusive tax shelters, IRS crackdowns and attacks and other tax matters. He speaks at more than 20 national conventions annually and writes for more than 50 national publications.  For more information and additional articles on these subjects, visit www.vebaplan.com, www.taxlibrary.us, lawyer4audits.com or call 516-938-5007.
The information provided herein is not intended as legal, accounting, financial or any type of advice for any specific individual or other entity. You should contact an appropriate professional for any such advice.