Tax-free Retirement - Part 3 - Utilizing a Life Insurance Retirement Plan (LIRP) As Part of a Tax-free Retirement
Submitted by Axios Capital Strategies on January 10th, 2021In Part 1, we discussed the different types of LIRPs and their basic setup.
In Part 1, we discussed the different types of LIRPs and their basic setup.
THE CAP & ANNUAL LOCK IN
In jumping into this topic, we are going to presume that you have read several of our other blog posts on retirement planning, such as The Tax Columns, How Much Does My 401K Save Me
If the first 3 parts of this post disturbed you, we get it. So, what should we do?
We think you’re with us a far as how things breakdown, so we’re going to continue this example in summary form, as we did in Part 2.
In Part 1, we put forth an example of the full equation of saving for retirement with our example couple, Ryan and Jen.
How Much Does My 401K Save Me In Taxes? We're glad you asked.
Much has been said about the wisdom of utilizing index portfolios/funds (whether mutual funds or ETFs) rather than managed portfolios due to the former’s lesser costs and its historical long-term over-performance over the latter.