The Wealth Without Wall Street Podcast Round Table | Why an eQRP is a Terrible Tool for Financial Freedom
An eQRP or Enhanced Qualified Retirement Plan is marketed as the fastest way to earn more than traditional 401(k)s or self-directed IRAs. It is said to be a system that offers complete flexibility, control, and protection of your investments. Unlike any other retirement account, you have the freedom to choose your investments with an eQRP. That sounds like a fantastic way to build wealth and achieve financial freedom. WRONG!
In today's conversation, Russ, Joey, and the financial freedom coaches discuss why an eQRP is a terrible tool for financial freedom and how it compares with Infinite Banking.
Tune in as they go over the following comparison:
- Access and limitations to how you can use the money
- Flexibility in terms of premium and loan payments
- Penalties and paperwork
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.
The hosts may have a financial interest in the programs or services mentioned in this episode.
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