September 28th, 2014

Иван Дурак

The Tax Story Behind 770 Accounts

Have you heard about something called the "770" account?

Apparently, if set up correctly, it lets you:
* Grow your money tax-free (at an avg. rate of up to 5% per year)
* Lets you take out cash anytime without penalty
* And you also don't need to report it to the IRS. Crazy!

This account has received so much attention, that the Los Angeles Times recently ran a video about it.
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http://www.foxbusiness.com/personal-finance/2014/06/26/tax-story-behind-770-accounts/
http://pros.palmbeachletter.com/1409PBL39TEMP/MPBLQ912/