Cash Now and Rainmaker Announce 401(k) or IRA Rollover Assets to Finance new Cash Now Licenses and Expansions
Cash Now Corporation, (CHNW) a pioneer and continuing leader in the payday loan industry, is now offering a way for investors to use their 401(k) or IRA rollover assets to finance new Cash Now licenses and expansions and as capital for other new businesses. Cash Now can make this offer now because it has established an exclusive agreement with a U.S. tax consulting firm specializing in 401(k), 403 (b), Pension, Profit Sharing, IRA rollover or other types of retirement plans. The result is that Cash Now can help entrepreneurs and investors use their 401(k), 403 (b), pension, profit sharing, IRA rollovers or other retirement plans to finance the purchase of a franchise. Cash Now can also advise entrepreneurs and investors on how to use these assets as startup capital for other businesses or to purchase business property with no taxes, no penalties and no loan repayment.
This can be done without distributions, taxes, penalties, or the use of loans. In many cases the money can be used as venture capital to avoid loans, fees and interest. Following is what the IRS said about these matters in a favorable Letter of Determination it sent to a Cash Now client: "These transactions are clearly within the letter of the law as spelled out in the Employee Retirement Income Security Act of 1974 (ERISA)." "Our tax consultant has more than 12 years experience setting up Rainmaker Plans and has never had a problem with the IRS," said Andrea Zecevic, Cash Now's president. "What we're doing here is providing a proven road map for unlocking tremendous assets and capital, while avoiding future problems. This plan is laid out in the law and our tax consultant will obtain a letter approving the use of these funds in this way." The IRS has established numerous rules to keep future retirees from spending the funds held in trust and awaiting them at retirement.
Distributions are taxed as ordinary income--upwards of 50%. However, Cash Now advisor Leonard Fischer, using some of the provisions of ERISA, has developed a way to legally move money locked in 401(k) or other IRA rollover accounts directly into a new or established business without distributions, taxes, penalties or the use of loans. The money may be used for franchises, property, equipment or working capital. The Cash Now tax consultant charges a flat fee for these services and does not sell investments. Cash Now BackgroundCash Now Corporation, a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand.
The company's proven business model includes licensing to corporately operate joint venture locations across the U.S. and Canada. Additionally, Cash Now's Web site is the most advanced payday-lending portal, offering key insight clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check-cashing license known as Check Express. Profit Guide magazine recently ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies.
For more information about CASH NOW CORPORATION and opportunities associated with Cash Now see http://www.cashnow.com Contact: Cash Now Corporation (CHNW)Andrea Zecevic, Toll Free: 1-866-778-2996 e-mail protected from spam bots.
Tax Benefits of Health Savings Accounts Lure Consumers, Businesses
10 Ways Health Savings Accounts Offer Tax SavingsHealth Savings Accounts are helping individuals save thousands of dollars on their income taxes.
These tax-favored accounts, which have only been available since January of 2004, can be opened by anyone with a qualifying high-deductible health insurance plan.
Once you open an account, you can place tax-deductible contributions into it, which can then be used later to pay medical expenses.
Any money not used grows tax-deferred, like an IRA. HSAs offer many tax advantages over traditional health insurance arrangements.
A more detailed explanation of this list...
Tax Benefits of Health Savings Accounts Lure Consumers, Businesses
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INTELLIGENT INVESTING
Talk at the "cooler" about investing, is usually around Stocks.Although I make money in Commodities, there is a "safe" way -that banks and investment houses use, but they won't tell You!How about a product that returns 12 - 42%, is 100% insured andbacked by the assets of the wealthiest institutions on the planet.Your banker takes your "CD" money and invests in this vehicle. Now you can turn the tables with this special insurance contract.Earn ROR equivalent to, or exceeding, the equity markets!Without any market risk or risk to principal - Guaranteed!!!Its called a Viatical Settlement - and here is how it works.Viatical Settlement - the sale of a life insurance policy at adiscounted rate to a group of investors by a person who is inthe advanced stages of a terminal illness.The Investors hold the policy and receive the full face value ofthe policy at maturity. A win-win situation. The "viator" is ableto enjoy the cash proceeds of his policy while still alive, andthe investor receives...
INTELLIGENT INVESTING
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Rolling your 401k: Contributory IRA vs. Rollover IRA
In an ideal world you would start your working career with a great company in your early 20s, steadily climb the corporate ladder, retire at age 65, and draw a sufficient income from your accumulated 401k account to live happily ever after.Unfortunately, that's not how the real world works. If you are like most people, you will change careers, or at least companies, several times. Each time, you'll be faced with the question of what to do with your accumulated 401k benefits.You will likely have a few choices: keep your 401k with your old employer (sometimes possible), roll the proceeds into your new employer's 401k plan, or put them directly into a self-directed IRA at a brokerage firm of your choice.Since leaving your 401k with your ex-employer has no benefits whatsoever and most employers will prefer you transfer out anyway, that leaves only the last two as viable options:1. Roll your 401k proceeds into the new employer's 401k plan of (if allowed)This is the most painless solution...
Rolling your 401k: Contributory IRA vs. Rollover IRA
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HSA for America Publishes Issue 6 of Maximize Your HSA
(ContentDesk) October 31, 2005 -- HSA for America has published Issue 6 of Maximize Your HSA. We feel it is important to help our clients get the maximum value from their health savings account, says Wiley Long, President of HSA for America.
Because HSA-qualified health insurance plans have high deductibles, charges for doctor visits, prescription drugs, and other medical expenses are typically paid for from the health savings account.
By knowing how to keep these expenses to a minimum, and what expenses can be paid for from a health savings account, an HSA owner can save hundreds or thousands of dollars. Maximize Your HSA is published monthly, and distributed via email.
Previous issues have covered ways to keep health insurance premiums low, how to pay for dental expenses from an HSA, and when over-the-counter medicines or nutritional supplements can be...
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Financial Planning for the MTV Generation
(ARA) - So, you were born between 1965 and 1978. Are you tired of the Generation X label and being portrayed by the media as a cynical, Xtreme sports-loving, body-piercing slacker? If you're one of the 76 million Americans that are considered to be "Xers," you may see yourself more as an independent, career-minded, technologically savvy, young adult. As someone between the age of 22 and 35, "Xers" most likely tune out the thousands of marketers with retirement messages geared towards "boomers." Insurance providers, investment companies and financial planners are virtually ignoring the millions of Americans considered to be "Xers." Meanwhile this misunderstood group continues to buy homes and select mortgage companies and retirement plans with little attention and relevant advice.So, are boomers the only generation that should be concerned about their future? Absolutely not. Planning for your future can be tough for anyone, no matter what his or her age. But individuals between the ages...
Financial Planning for the MTV Generation
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INTELLIGENT INVESTING
Talk at the "cooler" about investing, is usually around Stocks.Although I make money in Commodities, there is a "safe" way -that banks and investment houses use, but they won't tell You!How about a product that returns 12 - 42%, is 100% insured andbacked by the assets of the wealthiest institutions on the planet.Your banker takes your "CD" money and invests in this vehicle. Now you can turn the tables with this special insurance contract.Earn ROR equivalent to, or exceeding, the equity markets!Without any market risk or risk to principal - Guaranteed!!!Its called a Viatical Settlement - and here is how it works.Viatical Settlement - the sale of a life insurance policy at adiscounted rate to a group of investors by a person who is inthe advanced stages of a terminal illness.The Investors hold the policy and receive the full face value ofthe policy at maturity. A win-win situation. The "viator" is ableto enjoy the cash proceeds of his policy while still alive, andthe investor receives...
INTELLIGENT INVESTING
Ira > INTELLIGENT INVESTING
Lady is One Incredible Dog!
Publisher Moo Press of Warwick, NY announced today that the first book in their One Incredible Dog! book series will be published May 15, 2004. The first book is about Lady, a Therapy Dog who works in Hanover, PA. One Incredible Dog! is a new early reader series for ages 4-8 that honors the incredible things dogs do for people every day. Lady recently won The Evening Sun Newspaper's "2004 Pet of the Year," and has won numerous other awards and honors including The American Kennel Club's "Canine...
Lady is One Incredible Dog! nursing courses Cash Now and Rainmaker Announce 401(k) or IRA Rollover Assets to Finance new Cash Now Licenses and Expansions Ira
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