A client asked for my opinion on his borrowing $75,000 to purchase a boat.
I ran some numbers, and told him if he instead invested the $500 per month payment into a tax-free IUL, he would have an extra $17,509 in tax-free income every year during retirement, based on the historical rate of return. This would be useful as he took a hit in his 401(k) a few years ago and it had not recovered. I also pointed out that 20 years from now, he would need $583,000 in a 401(k) or an annuity to generate the same after tax income that the IUL would generate.
Most Advisors Never Heard About This Safe Income #3 Strategy
There is a little known IRS approved strategy that the wealthiest top 10% of American Families, including the top 1% have been using for more than 20 years to cut taxes and preserve capital. The strategy has been known to double, even triple after tax income compared to 401(k) and 403(b) retirement plans.
Tax-Free IULs are an IRS Alternative To 401(k) and 403(b) retirement plans with no downside risk. The Tax-Free IUL is also known as The Tax-Free Pension Alternative and as Living Benefit Life Insurance.
• You don’t lose money when the markets go down!
• Share in Market Upside when Markets go up!
• Earn Reasonable Rates of Return!
• Gains Locked In Annually!
• Tax-Free Penalty Free Withdrawals at any age!
• Tax-Free Income You Won’t Outlive!
Safe Income Strategy #3 works. During the Financial Market Melt Down of 2008, none of our clients lost money due to market fluctuations. Their money was safe and secure and their income was steady and reliable.
It’s easier to retire wealthy with tax-free compounding and no stock market losses.
You might have heard of IULs and wondered how they worked, and if they were right for you! Some of you might have thought they were too good to be true, that there must be a catch. There is no catch, there are some trade-offs that most informed people are happy to live with.
There is a little known IRS approved strategy that the wealthiest top 10% of American Families, including the top 1% have been using for more than 20 years to cut taxes and preserve capital. The Strategy works. The Tax-Free IUL can produce a Tax-Free Income You Won’t Outlive! The strategy has also been known to double, even triple after tax income compared to a 401(k) or 403(b) retirement plan.
The Tax-Free IUL is also known as The Tax-Free Pension Alternative or Living Benefit Life Insurance.