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