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It's Your Money!
Issue  5 - February 26, 2013
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The Secret Savings and Retirement Weapon You're Not Using:  IRC Section 7702

When you hear the term “life insurance” you probably scoff and say, “I know all about life insurance . . .” but you probably don’t know all about life insurance.  For example, did you know the IRS tax code explicitly and deliberately allows you to contribute money to a cash value life insurance policy that will grow free of taxation and that you can withdraw free of taxation?  Internal Revenue Code Section 7702 is a powerful tax loop hole that is probably not a part of your investment portfolio for three reasons:  1) You think you know all about life insurance.  (You know more now than you did!)  2) No one you know is using it.  The social proof you seek from your peers makes you a follower sometimes to your own detriment.  3) You think the stock market and your 401(k)/IRA are the only way to save.  Did you know the U.S. government is eyeing your 401(k)/IRA to help pay down our $16 trillion deficit?  Want to know more? Read these articles:


IRC Section 7702 can be your weapon to not only grow and withdraw your retirement savings tax free, but you can use it to protect your retirement and savings.  Add it to your investment arsenal by calling me for a free consultation.  It’s your money . . . until you give it away.


Did you know?

Dr. Thomas Stanley, author of The Millionaire Next Door, and probably the foremost expert on the study of the affluent, suggests the following formula to determine what your net worth should be at any age:


Net Worth = 10% X Age X Income

If you’re not there, I can show you how to get there.  Call me for a free consultation.

Joint Ventures

Ray Hodges Financial Group is proud to announce that it is in the process of entering into two joint venture agreements (JV).  One of the JV opportunities is with Abstract Management Group (AMG) a business consulting firm that provides financial management, strategic planning, and marketing services for small businesses.  If you need a firm that specializes in assisting small businesses, AMG is your goto firm. 


The second JV opportunity is with Women Called Moses (WCM), a non-profit organization created to provide a secure shelter for battered women and their children Make your charitable contributions count by giving to this worthy and necessary organization.

Business Shout Out!

The following businesses are now members of my Business Advisory Council.  All members have proven to be reputable, fair, and committed to delighting their customers.  Please join me in congratulating them!

Chef Carlos on the Square, AWESOME restaurant in Lancaster, TX, 972-218-8000

10 Minute Oil Change, HONEST car repair in Duncanville, TX, 972-572-7800

Buddy’s Sporting Goods, goto place for uniforms, sports equipment, etc, in Duncanville, TX, 972-780-8149

Dry Clean USA, the dry cleaners that keeps me so fresh and so clean, clean, Cedar Hill, TX, 972-291-9917


What's coming?

Next issue, I plan to highlight individuals and businesses that can help you secure financing for the American dream - your own home.  Stay tuned!

What Business Tax Deductions are You Leaving on the Table?

While reading Money – What Financial “Experts” Will Never Tell You Chapters 14 – 17, I was struck by the number of tax deductions that are available to small business owners.  As I read, I began to wonder if most business owners were aware of all of the tax advantages of owning a small business.  In addition, I also wondered whether more people would consider launching a small business if they knew the tax advantages available to them compared to W2 employees.

Before I summarize some of the tax deductions that are cited in the book, it goes without saying that you should consult with an accountant/CPA that is well versed in providing tax services and advice to small businesses.

Did you know as a small business owner in most cases, the IRS will allow business tax deductions for the following activities?

·         Home office

·         Business meals

·         Gift certificates for entertainment

·         Business club dues and lunches

·         Food and refreshments during sales seminar at home

·         Entertainment

·         Home entertainment

·         Season tickets

·         Mileage

·         Travel

If you go to my site at under “Downloads” the authors were kind enough to send me a file that you can download that provides an exhaustive list of business tax deductions.  Download it and compare the tax deductions you have been claiming.  It’s your money . . . until you give it away.

Did I mention . . .

If you own commercial property, and you're upside down on the mortgage, a member of my Business Advisory Council can help you refinance and

have equity in your property again.


If you own a residential property that appraises for over $420,000, and you're upside down on your mortgage, you too could refinance and have equity in your property again.  Call or email me to find out how. 


·       Looking for a featured speaker for your group, association, organization, small business, etc? I regularly present "the 10 Principles of Money Mastery" to organizations just like yours. Call or email to make me your featured speaker!

Ray Hodges Ray Hodges

214-810-5881 (w)
214-675-2952 (m)
214-785-6173 (f)
1204 Ashford Dr, Desoto, TX 75115, United States
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It's your money . . . until you give it away.