Sunday, 16 September 2018

How to Make your Retirement Tax Free

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Securities and Advisory services offered through LPL Financial, a Registered Investment Advisory Member, FINRA/SIPC.

Are you planning for retirement and wondering how to get the most out of your 401k or other retirement funds?

many people don’t know is that Life Insurance can provide a wonderful vehicle for a tax free retirement. Here’s how it works.

When you put money into a 401K, you get a tax deduction, and the money grows tax deferred. When you withdraw the money in retirement, you pay taxes on it.

But when you purchase a life insurance policy, it’s different. You don’t receive a tax deduction at first. The money grows tax deferred, just like a 401K. But when you withdraw the money, it’s tax free!

This could add up to a savings of 400% on taxes over a 30 year period.

To learn more about smart retirement saving strategies, give us a call, or visit our website