DYI's

Individual State Mandatory Savings Plan

DYI’s State Wide Mandatory Retirement Savings Plan Idea.

A 5% tax collected against income by your State (what ever State you are from) invested in individual accounts.  Monies upon receipt will be invested into the account as follows:

25% Short term bond index fund  

25% Long term Treasury bond index fund

25% Physical Gold – held by the individual State

25% Total Market Stock Index Fund

Account will automatically rebalance back to equal 25% per asset category when one asset category is 50% or greater.  The cost to run the account will never exceed 0.03%.

Participant may elect voluntarily to increase tax contribution percentage up to 10%.

Money deposited into participants account reduces gross income for the individual State of residence.

Participant is individually responsible for any Federal Taxes accrued.  Account will notify participant yearly for any qualified interest, dividends or capital gains (long or short term).

Participants at age 65 4% per year withdraw requirement – calculated last trading day in December for the next year, paid monthly to owner.

Withdraws upon retirement for State income tax is considered normal income.

In case of disability before retirement age of owner – stated by two physicians – account will go into retirement mode as stated previously.

Upon death of owner any monies left in account is transferred to the beneficiary as stated in plan documents.