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The use of Infinite Banking Strategies to increase chances to qualify for college funding (FAFSA), even if income is over six figures.

Traditional IRA (a tax-deferred account) – Contributions are made with pre-tax dollars and contributions can be tax deductible. Money compounds tax free until funds are withdrawn.

Roth IRA (a tax-free savings plan) – Contributions are made with after-tax dollars and are not tax deductible. Money compounds tax free and all funds withdrawn are also tax free. Earned income must fall within the MAGI (Modified Adjusted Gross Income) limits to qualify for account.

SEP (Simplified Employee Pension) – Designed for self-employed or small business owners with up to 25 employees. Plan allows for high annual contributions which are tax deductible and all money compounds tax free until funds are withdrawn.

Clockwork Financial structures Traditional, Roth, and SEP.

A contract with an insurance company that promises periodic payments keyed in a specified manner to a stock market index. Unlike variable annuities, fixed-indexed annuities specify a guaranteed minimum return. These contracts may also specify an upper limit (cap) on the return that is paid.