Retirement

Retirement Plans

Insurance products can be a good part of any retirement plan, providing income, safety, and guarantees.

Life Insurance can be used as part of a retirement plan with the living benefits:

• Cash available via loans
• Retirement Income
• Loan Collateral
• Cash Asset
• Creditor Protection
• Long Term Care Riders 

IUL

Indexed universal life (IUL) insurance is permanent, which means it lasts your entire life and builds cash value. An IUL policy allows for some cash value growth through an equity index account, unlike other universal policies that only grow cash value through non-equity earned rates. Like with all universal life policies, once you've built up enough cash value, you can use it to lower or potentially fully pay for your premium without lowering your death benefit.  

Benefits of the IUL:

• Higher Return Potential with link to the Market
• Greater Flexibility, no Qualified Plan rules  
• Principal protection and ability to Lock in Gains 
• Tax-Free Income thru the Cash Value 
• No Contribution Limits 
• No Social Security Impact
• Death Benefit tax free to beneficiaries 

Annuities

Annuities offer a stream of income, provide tax advantages, can grow tax-deferred over time and have no contribution limits. In the event of death, annuities also offer riders that allow you to transfer money to your beneficiaries.  

• Accumulating & Creating Income for Retirement
• Safety & Guarantees
• Protection from Losses
• Rollover IRA or 401K 
• Create a Pension Plan
• Bond Portfolio Replacement  

Rollover IRAs or 401Ks 

Rolling an IRA into an annuity is also a tax-free process. Annuities funded with an IRA rollover are “qualified” plans. This enables insurance companies to create “IRA annuities” into which an investor can directly deposit their retirement funds. Additionally, there are no distribution taxes either. 

While pension and other pre-tax distributions can be subject to taxation when withdrawn, federal law permits prospective investors to roll their payments into an immediate annuity tax-free. And of course, the funds within the annuity will continue to grow tax-deferred. 

By rolling an IRA into an annuity with a lifetime income benefit, an investor can enjoy an income stream based on a predetermined and guaranteed rate, even in a down market. Recent market turbulence only serves to strengthen this point. Throughout the country, millions of workers approaching retirement have discovered that their plan balances are now too low to provide them with the income they need when they stop working. Furthermore, in addition to providing protection to one’s beneficiaries, certain annuities have inflation adjustment features to ensure that lifetime income keeps up with increased cost of living. 

Long Term Care - some permanent life insurance policies have riders that can provide long term care if needed.  

Advanced Strategies

• IUL - Living Benefits of Life Insurance, create tax free income in retirement 
• Advanced Strategies - Tax Protection, Asset Protection, High Income Earners
• Entrepreneurs - running $7 or 8 Figure Business - Click HERE

Estate Protection 

Create a Legacy - Leave Money to Heirs 

An estate plan not only takes into account your belongings and property but also your relatives and loved ones. By planning ahead, you can minimize future stress on those closest and help ensure your wishes are followed. It can also avoid probate taxes and leave more money for beneficiaries.  

Review the Checklist Here

If you need assistance in Estate Planning, we have legal / attorney contacts we can put you in touch with. 

We have many Professional Contacts in Different Areas of Expertise (and in other States if needed) to assist in: 

• Health Insurance - Traditional Health Insurance, Group Health Insurance, ACA Plans, Medicare  
• Legal / Taxes - Accountants & Tax Attorneys, Legal, Corporate Business Legal, Real Estate Law, Estate Planning, Asset Protection 
• Financial Services / Real Estate -  Financial Services by a Fiduciary like Managed Money (AUM), Investing, All Areas of Real Estate - realtor, mortgage, investing, etc