Money accumulated in a qualified plan or IRA is income taxable at distribution at personal rates
⦁ During lifetime
⦁ At death
Required Minimum Distributions (RMDs) are required at age 72
The Distribution Solution, using life insurance, can potentially offer some of the following benefits:
⦁ Reducing tax bill 25% or more
⦁ Reducing & eliminating RMD’s
⦁ Reducing exposure to market volatility
⦁ Growing & distributing tax-free income
⦁ Increasing tax-free legacy to beneficiaries
⦁ Access to tax-free living benefits riders
⦁ Reducing marginal tax rate on ordinary income
⦁ Reducing or eliminating taxes on Social Security income
Future Income Associated Impact
⦁ Income received from life insurance policy does not count as taxable income for purposes of
⦁ Taxation of Social Security
⦁ Medicare Premiums
Contact me to learn more about this powerful strategy.
