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Writer's pictureW.H. Steiner

Legacy of Impact

702s Plan

Elena's Journey with W.H. STEINER

Elena embarks on a transformative financial journey under the expert guidance of W.H. STEINER, a visionary financial strategist with the help of her father. Together, they are crafting a 702s Plan designed to turn the dad’s initial investment into a lifetime of financial freedom and a legacy that endures for his daughter.


Setting the Foundation:

Peter (the dad) takes a bold step, committing to an initial investment of $126,000. This includes consistent annually savings of $18,000. for seven years. This decision represents more than financial planning—it’s his commitment to securing a remarkable future for his precious daughter. A story that will inspire millions of parents globally.


The Payoff Begins:

As Elena turns 60, the plan comes to life. Her Dad's investment matures, providing a tax-free annual distribution of $500,000. This steady income offers not only financial security but the freedom to live fully, free from tax burdens and knowing her future is secure. Over time, the plan delivers $7,000,000 in distributions, creating a stable, worry-free retirement.


Adaptation and Growth:

As Elena grows older, the plan’s capacity grows with her. From ages 74 to 90, the annual distribution increases to $750,000, allowing her even greater freedom and peace of mind, knowing her savings are sustainable. This phase contributes an additional $12,000,000, showcasing the enduring strength of her 702s Plan.


Protection with Living Benefits:

In the event that Elena faces a serious illness or injury, his 702s Plan provides living benefits designed to offer financial support when he needs it most. If diagnosed with a critical, chronic, or terminal illness, or if he suffers a debilitating injury, the plan allows her to access a portion of his estate benefit early, giving her immediate, tax-free funds to cover medical expenses or provide added financial security. This flexibility ensures that, regardless of life’s unexpected challenges, Elena can focus on recovery and well-being without compromising her financial future.


A Lifetime of Wealth, a Legacy of Impact:

Throughout her life, Elena´s plan provides a total of $19,000,000 in tax-free income. And at age 90, it fulfills a final promise: an estate benefit of $5,800,020.. This gift is more than just an asset—it’s her legacy, a reflection of a lifetime of careful planning and disciplined saving.


The Grand Vision Realized:

Under W.H. STEINER’s expert guidance, Elena dad initial $126,000 investment grows into a remarkable $24,800,020 in tax-free benefits. This journey transcends financial strategy; it empowers Elena to achieve security, fulfill dreams, and leave a meaningful legacy.


Elena and her dad's story exemplifies the power of intentional planning and bold decision-making. His 702s Plan is more than just a tool—it’s the foundation of his security, a vehicle for his dreams, and a legacy for the future.


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