CTW 065: Damion Lupo - Understanding the Benefits of a QRP or EQRP
Featured on 100s of podcasts and radio shows, Damion Lupo is a financial mentor to the elite. He is also a best selling author in personal finance. He's a four-time college dropout, who actually got thrown out of one of the schools for opening a bookstore in his dorm room, putting the official store into bankruptcy. Damion became a multimillionaire by age 25 and then lost his $20 Million empire by age 30. Five years later he was back, reinvented and recharged on a mission. His mission is to Free a Million People from Financial Bondgage.
Some of the topics discussed:
- What is QRP and why it’s beneficial to have
- What is UDFI and what that means to real estate investing
- How to avoid UBIT (Unrelated Business Income Tax) and why
- Investing in QRP vs. IRA or 401K
- What things can you or can’t do with a QRP funds
- Being responsible with your investments and retirement funds
- Rolling over from an IRA to a QRP and what the process is like and some hurdles you might encounter
- What is an EQRP and how it compares to a QRP
- How your funds are dispersed or transferred in case of death or other circumstances
Connect with Damion via his website www.theqrpbook.com. Plus, get a free report that explains QRPs by texting QRP to 72000.
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