Stryde Retirement Plan

 

 

We work with many businesses to facilitate individualized, personalized and proprietary retirement programs. One of the more powerful approaches we use is a front loaded retirement program, called the Stryde Retirement Program (SRP), created by Stryde.

While there are many nuances to the methodologies behind the working parts of this structure, the SRP is simply a tool through which a business owner may have the ability to drastically advance their wealth accumulation relative to their retirement planning efforts in a highly tax advantaged manner. This methodology, when applicable, gives business owners the opportunity to take a tax deduction relative to their participation, grow their wealth tax deferred and take distributions out of this retirement planning medium tax free.

Additionally, it jump starts their retirement by advancing massive amounts of capital in their program for them, with the goal of realizing superior gains as a result of having more money working for them. This lends itself to having the ability to generate a much larger nest egg than through other approaches that may then be distributed on a tax free basis.

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PHASE 1
Commercial Loan

Your company enters into a financing arrangement with Global One Financial Inc. offered through Stryde. This loan is generally paid on a simple interest-only basis, will incorporate a UCC-1 filing if required, and typically has a 10 year term that may be renewed for longer periods.

KEY COMPONENTS

Generally, no personal guaranty is required for the loan.Commercial lending structure minimizes early term-out risk possibilities that can occur wit Federal and state chartered banks under Evergreen rules.Plan Administration through the SRP program offers to help advisors of both the company and to the participants in booking the program on corporate and personal tax returns for the life of the program.Interest-only option provides for consistent, persistent funding options.

PHASE 2
Benefit Transfer

Your company enters into a financial agreement with the participant. This
agreement can be designed so that the participant recognized limited or no income upon receipt of the proceeds. Generally, taxes are paid when the program ends and distributions begin, which the participant can anticipate and control.

KEY COMPONENTS

The SRP program is NOT a tax strategy. It can be a tax-efficient way to move money from the company to the participant. Check with your tax advisor. *Based on the company structure, it is possible for the money to be moved without taxation pursuant to different sections of the Internal Revenue Code (IRC).*The program is selective and need NOT include all employees.

PHASE 3
Product

Funds are placed in select insurance policies and/or annuity contracts with the
participant, trust or another entity as the owner. The insurance policies and/or annuity contracts are held as collateral for the loan in Phase 1.

KEY COMPONENTS

Specifically selected life and annuity contracts are utilized.The insurance contract provides principal protection.All loan proceeds are placed with highly rated insurance carriers and, assuming loan program completion, there is no appreciable risk of principal loss.