What Does Tripling Your After-Tax Income Mean to Your Retirement?

What Does Tripling Your After-Tax Income Mean to Your Retirement?

IRS Tax-Traps. Retirement plans are heavily taxed. The IRS could take 40% of each withdrawal leaving your 60% in after-tax income
IRS Tax-Traps. Retirement plans are heavily taxed. The IRS could take 40% of each withdrawal leaving your 60% in after-tax income

Many Dream of Retiring with $1 million In Their 401(k). This could generate $50,000 per year in Taxable Income; $30,000 per year in After-Tax Income.  Did You Know $333,334 in a Tax-Free IUL would generate the same $30,000 per year in After Tax Income? That’s right, $333,334 in Tax-Free IUL produces same after tax income as a $1 million 401(k).

You could reduce annual savings by ⅔, say $1000 per month to $333 per month; $667 for other expenses. Or, you could Leave annual savings the same and enjoy 3 times more after-tax income during retirement years.

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