Most Americans know the importance of saving for retirement, but very few really go beyond the traditional 401(k) as their main retirement weapon. They believe that their 401(k) will enable them to live comfortably if they have social security to supplement their 401(k). However, social security payments are typically small and there is a limit to what an individual can receive. Also, an individual in retirement will be paying taxes when they withdraw from a 401(k).All Your ‘Freedom Checks’ Questions Answered. It may be prudent for individuals to understand how investing in “Freedom Checks” can provide tax-free income and greater returns than average investments.
When an investor wants to start receiving “Freedom Checks”, they must buy shares in a “Master Limited Partnership”. MLPs are not required to pay federal income taxes, so they tend to have higher profits. To enjoy this advantage, they must pay their shareholders ninety percent of their profits. The distributions that MLPs pay are typically higher than a regular dividend paying company. Not only does an investor receive a higher distribution check, but they don’t have to pay any taxes on the “Freedom Checks” they receive. This combination can allow an investor to achieve superior returns for many years. Depending on the initial investment, an investor could potentially receive a higher payout than they would on social security. Many MLPs are related to the oil and gas industry. As the earth’s population rises, the need for vehicles and fuel will rise. Many MLPs should have higher stock prices to reflect this.
Investors unaware of Freedom Checks may want to know how to start taking advantage of this opportunity. Anyone with a brokerage account can start investing in MLPs. They trade like any stock on the major exchanges. After an investor chooses an MLP, they will start to receive “Freedom Checks” the same way they would dividends. A company will either mail the distributions or they will be deposited into the investor’s brokerage account. Some MLP shares sell for as little as ten dollars, which means that people with modest means can take advantage of the tax-free gains from MLPs.
Peter Briger holds the position of Co-Chairman of the board of directors and a principal of Fortress. He didn’t start at these particular positions; he had to work his way up in the company. He joined Fortress in 2002 as a member of the Management Committee; it took Briger four years to become a member of the board of directors. While serving as a member of the board of directors, Briger was elected Co-Chairman in August 2009. Though Briger has been elected into a higher position, he still remains over the Credit and Real Estate business at Fortress.
Peter Briger didn’t become Co-Chairman by luck. He worked hard to gain knowledge and experience during his career path. His education journey began at the Princeton University where he received a B.A. After receiving a B.A degree from Princeton, Briger enrolled at the Wharton School of Business at the University of Pennsylvania. His hard work and dedication allowed him to receive a M.B.A. Equipped with two degrees Briger sought to obtain a job in his field.
His degrees allowed him to receive a position at Goldman Sachs in 1987. After about nine years at the company, he was promoted to the position of partner in 1996. Partner was not the only position that was held by Briger. He also served under a host of positions such as Co-Head of Asian Distressed Debt business, Co-Head of Whole loan Sales and Trading business, and also Co-Head of Fixed Income Principal Investments Group. Also, while at Goldman’s Sachs Briger helped to found Goldman’s Special Situations Group a year after he made partner in the company. His newly founded group was able to make trades that were secretive and highly profitable. These trades helped to raise Goldman’s Sach revenue and profits.
When Peter Briger left Goldman’s Sachs he proved that his success was not contingent upon where he works. The same drive and work ethics he had at Goldman’s Sachs transferred to Fortress. While at Fortress he and his team were able to raise about 4.7 billion dollars during his first quarter of being employed at Fortress. This success story is just one of many and shows Peter Briger’s capabilities. GiftFrom Alumni Supports Princeton Entrepreneurship