QLS: Q L What?.. Now Offered Through GRPAASubmitted by GRP Advisor Alliance on December 7th, 2018
The Qualified Leverage Strategy (QLS) helps participants minimize taxes on qualified plan assets, increase cash flow and optimize assets going to beneficiaries. Qualified plan assets are repositioned resulting in two tax-free buckets of money. This process meets all current federal tax codes.
This strategy has been successfully implemented for years, and GRPAA is now able to assist with implementation for your clients. We have partnered with Scott Sakata and Pete Hibbard to deliver optimal results.
QLS systematically moves 401(k) assets into a combination of Roth IRA and life insurance policy. Each will provide High Net Worth (HNW) participants with tax efficient income as well as an attractive benefit to transfer assets to the next generation.
QLS targets HNW clients with 401(k) balances in excess of $1M. As of May 2018, the number of Americans that hold more than $1M in 401(k)s is up 45% from 2017.
Up until this point, plan participants have enjoyed generous tax deductions on their deferrals and tax-free growth of their assets for many years. But now, they are faced with the problem of asset erosion once they start taking taxable distributions during retirement or high levels of taxation upon death.
QLS could potentially resolve the issues stated and will continue to gain traction as the amount of 401(k) millionaires continues to rise.