Tax-Free Retirement Specialist

When it comes to retirement there's a couple things to consider: risk and taxes. How much risk are we comfortable with associated with our retirement and how much of our retirement do we want to go towards taxes?

Take a look at this graph for a brief overview of the three tax boxes. The IRS has different products that will tax you in different ways. In the Tax Exempt category, you have Roth IRAs and Cash Value Life Insurance products.

Roth IRAs have contribution and income limitations leaving fewer options for those who earn beyond the income limitations and who want to invest higher than the contribution limitations. An options for that saver is Tax-Free Retirement through Life Insurance.

The strategy is to buy a life insurance product on yourself and decrease the death benefit so that your cash value grows. When you loan against your cash value, your income is tax-free. This why we hear the term, "Be your own bank" or "Kaizen" as it refers to life insurance.

Things to know about Tax-Free Retirement using Life Insurance:

Index Universal Life Insurance Cost

You'll need to get approved for life insurance based on your health. The healthier you are the better the rating will be. For this strategy depending on your age, minimum contribution from you will be around $23,000-$25,000 annually. The max you can contribute depends on the size of your death benefit. Typically you'll be able to pull money out after 15 years to give it time to accumulate and grow. Keep in mind the growth isn't guaranteed. If you want guaranteed life insurance, look over whole life insurance.

Best Life Insurance Provider

We have access to over 40 carriers, but when it comes to the specific strategy of "Kaizen" we are working with a couple specific carriers that specialize in this strategy. When you book a consultation you can get an illustration to see what your retirement will look like based on how much you'll invest annually.

Tax Free Retirement Specialist Near Me

We're able to work with anyone living in the United States through a phone call or zoom. We will determine your retirement goals and get an overview and figure out any financial gaps. Then we will go over your options moving forward.

Getting your own tax free private pension is a great financial move, but you'll want to make sure it's right for you. Schedule a call with us here.