Retirement is an opportunity to enjoy the things that make you happy. You need a solid strategy to help ensure you'll have enough income to live comfortably after you stop working.
There are several retirement savings and planning strategies for you to consider. Reviewing the following information is a great way to begin thinking about how to reach your retirement goals:
As a life insurance policy designed to take advantage of tax treatment of life insurance, it is suited for investors with high income, which may exclude them from participating in Roth IRAs. A LIRP can provide a long-term accumulation vehicle for supplemental retirement income. In addition, at your death, it offers a benefit to help replace lost income for those who depend on you.
To provide investors supplemental retirement income via a life insurance policy featuring market appreciation, tax-deferred accumulation, and a life insurance death benefit.
Universal Life insurance is often used as a vehicle for a Life Insurance Retirement Plan. Over-funding a policy is best suited for investors already taking full advantage of other tax-advantaged ways to save for retirement. A LIRP is an option for those investors wanting to invest more for retirement once they have reached the contribution limits on qualified plans.
Below you will find several helpful articles / downloads that you can read to prepare yourself for retirement. If you have questions, or would like to speak with a qualified agent, please contact us to schedule a personal review.