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How to Minimize Taxes in Retirement – 5 Important Ways!

How to Minimize Taxes in Retirement – 5 Important Ways!

Do yourself a favor and learn how to Minimize Taxes in Retirement. Smart tax decisions can have a considerable impact on how much money retirees will have in the golden years. One of the best ways to boost returns for clients, according to a study published by Morningstar, is to invest and withdraw retirement funds in a tax-efficient manner. Doing this can boost retirement income by up to 4%....

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Wealth Preservation and Accumulation with Whole Life Insurance

Wealth Preservation and Accumulation with Whole Life Insurance

Wealth preservation and accumulation using Whole Life Insurance. When people accumulate wealth, they typically have a sincere desire to preserve it so they can financially protect future generations. One way to do that is by using life insurance. Life insurance is a great tool for the financially savvy to maximize their after-tax estate and provide money for their heirs. If you have a higher net...

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Solid Strategies for a Tax Free Retirement

Solid Strategies for a Tax Free Retirement

Does the idea of a tax-free retirement sound appealing? If so, you're not alone.  With taxes on your income and investments as well as an ever-increasing life expectancy, it's more important than ever to know how to avoid paying taxes when you retire.  This article will cover specific strategies that can help you enjoy a tax-free retirement: IRA, Roth IRA, 401(k), HSAs, Cash Value Life...

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Remarkable! Use Permanent Life Insurance in Retirement

Remarkable! Use Permanent Life Insurance in Retirement

How to use permanent life insurance in retirement planning. Once you become an empty-nester and had your mortgage-burning party, you might decide that you don't have to keep your life insurance anymore. Maybe, or maybe not. If your life insurance was purchased solely for the death benefit, you probably have a valid argument, but what about your retirement? It’s no secret that retirement planning...

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Whole Life Insurance – A Battery of Benefits for a Lifetime

Whole Life Insurance – A Battery of Benefits for a Lifetime

Whole life insurance benefits and rewards. Whether you are anticipating an eventual market crash or even a collapse of the economy, whole life insurance is one particular insurance product that should occupy your toolbox for financial survival. Not just survival, although the benefits are stellar, but also a solid financial planning tool that offers rewards that significantly provide an ROI....

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Indexed Universal Life – Advantages and Disadvantages

Indexed Universal Life – Advantages and Disadvantages

Indexed Universal Life Insurance (IUL) is comparable with traditional Universal Life. However, there are several additional benefits that make IUL a more efficient investment tool. When it comes to IUL, the policyholder may choose to invest in a fixed account or into an equity index account. There are other choices to be made by the policyholder when the time arises to select the type of index...

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How Safe Are Annuities?

How Safe Are Annuities?

The sweeping concern for most is the long-term security of insurance carriers.  More people are concerned with the financial competence and stability of the insurance companies, especially since the stock market crash of 2008, so how safe are annuities? However, annuities have historically proven to be one of the safest vehicles for your earnings.  They offer the best way possible to diminish...

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What is a Tax Sheltered Annuity?

What is a Tax Sheltered Annuity?

What is a tax-sheltered annuity? A tax-sheltered annuity, or TSA, is a long-term retirement plan that offers a methodical, tax-sheltered method to accumulate funding for retirement. If a person is employed by a school or other qualifying organization covered under IRC Section 501(c) (3), they're allowed to accumulate funding for their retirement in a specialized tax-sheltered plan referred to as...

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Why Use a Life Insurance Calculator?

Why Use a Life Insurance Calculator?

When it comes to purchasing life insurance, it’s remarkable how so many people are still using the old “10X Formula.” This outdated formula simply calls for purchasing 10 times your annual income in life insurance and you’ll be just fine. Are you kidding me? There are so many ways to refute this that I won’t waste your time or mine doing so. It just doesn’t make any financial sense on so many...

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High-Risk Life Insurance

High-Risk Life Insurance

Living life can be risky, even when taking the proper steps concerning your health, diet, and lifestyle.  In fact, those regarded as high-risk are individuals with a hazardous occupation, high-risk lifestyle, hobby, and complicated medical condition.  At a certain age, you may even be considered high-risk.  If this includes your circumstances, you will want to learn and educate yourself on...

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Avoiding Mistakes when Choosing a Beneficiary

Avoiding Mistakes when Choosing a Beneficiary

Believe it or not, many life insurance applicants give little thought to choosing a beneficiary on their insurance policy. Think about it. The whole purpose of buying life insurance is so your beneficiary will be paid the insurance proceeds (death benefit). Shouldn’t an applicant seriously consider who that person or entity should be? Only if you care where the money goes and who it is supposed...

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What is Return of Premium Term Insurance?

What is Return of Premium Term Insurance?

Term life insurance provides peace of mind in the event that you should die unexpectedly.  However, many consumers regard term life insurance coverage as a wasteful expense because no money is returned should you survive your policy. However, the return of premium rider changes everything. There is an alternative to this dilemma many do not feel the point in facing - Return of Premium (ROP)...

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Whole Life Insurance – A Battery of Benefits for a Lifetime

What is a Rider on a Life Insurance Policy?

Probably the most popular form of life insurance today, Term Life Insurance is heavily advertised by all the major players because of its affordable rates. This is the perfect product for young, growing families who may be creating a lot of debt. Since the policyholder is paying only for the cost of insurance for a set period of time, Term Life Insurance is the most affordable way to make...

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Transamerica Life Insurance | Company Review

Transamerica Life Insurance | Company Review

Transamerica Life Insurance, an enormous corporation originating from San Francisco, offers both financial and insurance services by way of its several subsidiary companies.  It was developed by merging a life insurance company with one of the U.S.’s largest banks. Transamerica is one of the largest insurance companies in the nation and ranked among the largest in the world by Aegon, an...

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What is Convertible Term Life Insurance?

What is Convertible Term Life Insurance?

This information is for anybody who already has a convertible term life insurance policy. It is also for anybody who is interested in the very best convertible term life insurance available and merely wants to review life insurance quotes. What is Convertible Term Life Insurance?   If a term life insurance policy is convertible, then the policy can easily be transformed into permanent...

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Whole Life Insurance | The Consumer’s Guide

Whole Life Insurance | The Consumer’s Guide

Of all the different types of life insurance products available, Whole Life insurance is considered to be a foundational product. Also known to many as “ordinary life” or “straight life”, whole life has been surpassed by newer products that will provide the same guaranteed earnings but with higher returns and much lower rates.   Whole Life Compared to Other Life Products   Term...

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Paid Up Additions | The Key to Cash Value

Paid Up Additions | The Key to Cash Value

If you are considering creating a life insurance retirement plan (LIRP) so you can avoid the impact of taxes on retirement income, using Whole Life Insurance can definitely get you there but paid-up additions will be key. In David McKnight’s book, The Power of Zero, Mr. McKnight discusses the false assumptions offered by many financial planners that your tax liability will be lower at retirement...

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Variable Universal Life Insurance

Variable Universal Life Insurance

Variable Universal Life Insurance is a type of permanent insurance that contains an investment component. Like other permanent insurance products, it has a cash value account that earns interest on a tax-free basis. The cash value is invested in a number of sub-accounts which are similar to mutual funds. Typically, a variable life policy will have multiple sub-accounts to choose from, with some...

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What is Second to Die Life Insurance?

What is Second to Die Life Insurance?

What is Second to Die Life Insurance? Most people are familiar with basic life insurance like term insurance and whole life, but when we get outside the basic life insurance terms, things can get confusing. What makes things even more confusing is that most types of life insurance products you hear about aren’t really insurance products, but marketing terms for how life insurance can be used. Do...

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What are Life Insurance Settlement Options? [Life Insurance 101]

What are Life Insurance Settlement Options? [Life Insurance 101]

What are life insurance settlement options? When most beneficiaries are due a settlement option from a life insurance policy, the typical response is “it’s my money, and I want it now!” Life Insurance settlement options (normally chosen by the policy owner) are instructions to the life insurance company on how to deliver the death proceeds when a claim is made and approved. If you are the...

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Limited Pay Life Insurance versus Regular Whole Life

Limited Pay Life Insurance versus Regular Whole Life

Limited Pay Life Insurance versus Regular Whole Life Although a large portion of the general public is more interested in the monthly premium for life insurance, there are many who consider the product and the company ahead of the cost. Deciding on the type of insurance that will offer the best solution for your needs should be the primary consideration before anything else. Are you buying just...

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Life Insurance with Living Benefits – The Perfect Plan B

Life Insurance with Living Benefits – The Perfect Plan B

Life Insurance with Living Benefits We have written in previous articles about the benefits of using Whole Life Insurance in a Life Insurance Retirement Plan (LIRP) and how you can accumulate enough wealth for a comfortable income stream that is tax-exempt. But what happens if you don’t die but instead, get critically ill and are forced to live out the balance of your life in a nursing facility....

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6 Critical Rules if You use Whole Life Insurance for Retirement

6 Critical Rules if You use Whole Life Insurance for Retirement

If you are considering using Whole Life Insurance as part of your retirement planning (and you should), there are 6 critical rules if you use Whole Life Insurance for retirement. If you’ve always thought whole life insurance is the same with every company except for the rates, you’re mistaken. There are certain things you must verify before you even consider the rates. Many of us consider focus...

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Permanent Life Insurance for Retirement Planning

Permanent Life Insurance for Retirement Planning

Most folks are under the impression that once your kids grow up and leave the nest that’s finally been paid for, you won’t really need life insurance but you can actually use permanent life insurance for retirement planning. This might be true if you leave enough liquid assets behind to cover final expenses like funeral and burial costs, unpaid medical bills, and nursing home expenses that...

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Secondary Market Annuities | Frequently asked Questions

Secondary Market Annuities | Frequently asked Questions

What if you discovered a strategy where you could earn a considerably higher rate of return in the annuity market. Would that be important to you? Additionally, would it be important for you to have guaranteed returns on that annuity? And finally, what if you could purchase a higher-earning secondary market annuity using money from your self-directed IRA and still maintain your favorable tax...

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LIRP – IUL or Whole Life

LIRP – IUL or Whole Life

Does it concern you that your retirement income could be severely impacted by your tax liability when you retire? With the amount of debt owed by the US government (taxpayers), do you really believe that you’ll pay a lower tax rate on retirement income? Are you being told that as long as you take 4% or less from your retirement account each year, you’ll be just fine? Are you concerned that your...

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Achieve the Power of Zero using Life Insurance – Pay Zero Taxes on Retirement Income

Achieve the Power of Zero using Life Insurance – Pay Zero Taxes on Retirement Income

Let’s be realistic. Believing that your personal tax rate years from now will be lower than what it is now is unrealistic. Think about it. Our country’s debt continues to climb and the interest on that debt combined with entitlement spending is eating up all of the country’s tax revenue. When you consider America’s tax revenue versus the cost of debt, entitlement spending, military spending, and...

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Why Use Indexed Universal Life for Retirement Planning

Why Use Indexed Universal Life for Retirement Planning

Indexed universal life insurance, when designed properly, can be an excellent savings method for investors who are eager to preserve their hard-earned income.  A type of permanent life insurance, indexed universal life (IUL) allows policyholders to accumulate a cash value.  This cash value can then be invested into a fixed account (often with a guaranteed minimum interest rate), or the insured...

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What is a Self-Directed Annuity?

What is a Self-Directed Annuity?

Primarily used as a stream of income for retirees, an annuity is a financial product that distributes fixed payments.  Annuities are offered by financial institutions.  The accumulation phase of an annuity begins once its first funded and ends with a payout.  Once distributions begin, the annuity moves to the annuitization phase.  Annuitization occurs when the annuity investment converts, so to...

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Term Life Insurance FAQs

Term Life Insurance FAQs

Term Life insurance is considered the most affordable life product on the market. The product is sold as a “Term” or a block of years rather than as permanent insurance. Term insurance will pay a death benefit only if the named insured dies during the policy period and in contrast to other life insurance products, builds no cash value or surrender value. Although a relatively simple product,...

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Indexed Universal Life versus Variable Annuities

Indexed Universal Life versus Variable Annuities

When comparing Indexed Universal Life Insurance (IUL) with Variable Annuities, individuals and professionals in the higher income range typically view the IUL as being a more flexible policy than the Variable Annuity.  While both are considered life insurance company products, they have similarities and differences.  It is important for you to understand that the differences in available death...

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Pacific Life Insurance Company Review

Pacific Life Insurance Company Review

If you are shopping for life insurance, is it important to you that the company has all the bells and whistles along with great service and competitive rates? Of course, it is, and knowing this, we'll continue with our series of life insurance reviews so that consumers will be afforded informed decisions before they commit to a purchase. Here, we'll discuss one of the most well-established and...

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IUL Insurance | It Just Might Save your Retirement Plan

IUL Insurance | It Just Might Save your Retirement Plan

How’s your retirement plan working out for you? Have you ever even taken a look at it lately? Are you going to make your goals happen or are you going to fall short and have to work an additional five years. If you’re not sure how to answer this question or you don’t think you’re going to make it, it may be time to look at IUL Insurance because it just might save your retirement plan.   Why so...

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IUL vs Roth IRA – Which is Better for Retirement?

IUL vs Roth IRA – Which is Better for Retirement?

An Indexed Universal Life policy (IUL) and a Roth IRA are very good options that can help accumulate the wealth you’ll need to live a comfortable retirement. The thing we need to understand when it comes to options for retirement planning is that there are good options and then there are great options. The difference is in the solution that each of the options may or may not provide. Certainly,...

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Life Insurance Retirement Plan [LIRP] Pros and Cons

Life Insurance Retirement Plan [LIRP] Pros and Cons

A life insurance retirement plan or LIRP is a powerful wealth accumulation tool used by consumers looking to build their own private pension plan.  With the unreliability of social security and uncertainty of employer-sponsored retirement plans, a Life Insurance Retirement Plan makes for a great tax-deferred solution for accumulating wealth and a tax-free method to take your wealth as income. A...

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American National Insurance Company – IUL

American National Insurance Company – IUL

​ Life insurance is primarily known for the death benefit it will pay to your beneficiaries in the event of your death. This death benefit can be the difference between your surviving loved ones being able to continue their standard of living or dealing with financial devastation. There are, however, many individuals and families who rely on life insurance to accumulate wealth over time that can...

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What is Equity Indexed Universal Life Insurance?

What is Equity Indexed Universal Life Insurance?

For most individuals and families, purchasing life insurance can be a complicated task especially when you consider the ramifications of buying a product that doesn’t resolve the financial risk you are attempting to mitigate. With many product options at our fingertips such asterm insurance,whole life, or various universal life products, it’s important to understand how each may or may not be...

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Indexed Universal Life from AIG

Indexed Universal Life from AIG

Although many U.S. workers look to their employer’s 401(k) or an IRA to invest for retirement, many have found that the government restraints on these products can impact their goals and expectations for retirement income.   In today’s economy, it’s logical to assume that taxes will eventually have to go up because of the tremendous debt, entitlements for a large portion of the population,...

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Indexed Universal Life from Transamerica Life Insurance

Indexed Universal Life from Transamerica Life Insurance

Certainly, Indexed Universal Life insurance is not for everybody. For example, if your concern is to make sure your mortgage is paid for if you died, most people would consider term life insurance as the best solution because it’s so affordable.   There are, however, many circumstances when Indexed Universal Life (IUL) is probably the best solution: You’ve maxed out your annual...

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Lincoln Financial Group – Company Review

Lincoln Financial Group – Company Review

​Whether you are shopping for low-cost term insurance or an Indexed Universal Life policy, you must know who you are getting in business with.   Like any company that sells products or services, some are really great to do business with and some can easily disappoint you.   The good news for all shoppers is that you can determine in advance whether the company you're considering is...

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Minnesota Life IUL

Minnesota Life IUL

If you are considering Indexed Universal Life insurance (IUL) for a guaranteed death benefit and a vehicle to create wealth for retirement, it seems logical that you would want to partner with one of the best life insurers in the marketplace. As an independent agency, Structured Wealth Strategies commonly recommends Minnesota Life for IUL because of outstanding performance over the years we've...

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What is a LIRP? | Investing for the Rest of Us

What is a LIRP? | Investing for the Rest of Us

Planning and investing for retirement is all about choosing the best plans that will facilitate wealth accumulation that will be minimally impacted by income taxes when the time comes to withdraw your money.There are traditional investment products that many of us have access to through our employer and there are non-traditional products that we can access on our own. Although having a portion...

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Tax-Free Retirement Income with IUL

Tax-Free Retirement Income with IUL

In today's twenty-four-hour news blasts, there's a lot of speculation whether a Social Security bankruptcy is imminent. Most people understand they probably couldn't live the lifestyle they enjoy now if Social Security was their only source of retirement income so most are investing in other plans to pick up the slack.Most people will admit that they fall short when it comes to any kind of...

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Top 5 Indexed Universal Life Insurance Companies

Top 5 Indexed Universal Life Insurance Companies

Since more and more people are looking for an alternative to traditional retirement planning products, Indexed Universal Life Insurance (IUL) has become more and more popular.   Unlike the 401(k) and IRA that contain many restrictions thanks to Uncle Sam and the tax-hungry legislators in D.C., IUL remains fairly immune from the constraints and tax liabilities that can eat up the interest...

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How Safe Are Annuities?

Indexed Universal Life | Dave Ramsey

Although there are only three basic types of life insurance products, understanding life insurance today seems to be more challenging than ever before. We know that the basics arewhole life, universal life, and term, but many insurance companies today, in an attempt to provide specialized products for particular circumstances, have created hybrid life insurance products to accommodate most any...

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IUL versus Whole Life Insurance

IUL versus Whole Life Insurance

If you’ve been considering whether your retirement planning efforts may not deliver the results that you’ve been planning for, now is a good time to reconsider what you’re investing in.Certainly, traditional investment products can help you accumulate substantial savings to supplement your retirement income, but do you know for certain it will be enough? Have you ever considered how income taxes...

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IUL Insurance Pros and Cons

IUL Insurance Pros and Cons

One of the most important decisions you will ever make for your family is buying life insurance to replace your income if and when you die. However, once you start looking at the significant amount of life insurance programs available to you, you will notice that there are many different policies to select from. Indexed Universal Life (IUL) is a type of life insurance that's quite confusing with...

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Why Use a Life Insurance Calculator?

How Indexed Universal Life Provides Tax-Free Income

In David McKnight’s book, The Power of Zero, David talks about a “gathering storm” that is on the horizon and is closer than most people think.This "gathering storm" has to do with America's debt which is completely out of control due to the failure of the last two administrations to spend wisely and conservatively. Today we're over 22 trillion underwater and that number continues to rise as the...

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IUL versus 401(k) | Which one Should I Choose?

IUL versus 401(k) | Which one Should I Choose?

For most people, just thinking about retirement planning can bring on a headache. When you begin to consider all the options out there, what they can do and what they can’t do, it can be a little (or maybe a lot) mind-numbing.When they're working at mid to large size companies, most people just place their trust in the company's retirement plans and then typically never give it a second thought....

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