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Create Tax Advantaged Retirement Income You Cant Outlive

What do you imagine when you think of your retirement? Perhaps you picture retirement like a long vacation: you’ll play golf, travel, or enjoy leisurely days by the pool. With good health, such a picture is entirely possible – as long as you take action to turn those pleasant dreams into reality! In this guide, you’ll discover ways to protect your assets from the tax man and set up an income plan that ensures you’ll never run out of money – no matter how long you live.

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Create Tax Advantaged Retirement Income You Cant Outlive

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  1. Create Tax-Advantaged Retirement IncomeYou Can’t Outlive Protect your assets from the tax man and set up an income plan that ensures you’ll never run out of money – no matter how long you live.

  2. Insurance Companies Don’t Just Sell Insurance • Enjoy the higher yields of a variety of stock market investments along with tax-free or tax-deferred gains. • These perks can all be found within venues that carry the added security of guaranteed death benefits or income for life – benefits that are lacking in traditional retirement plans.

  3. Life Insurance Investing Let’s take a look at the various types of permanent life insurance policies for different investment goals→

  4. Which Insurance Type is Right for You? It Depends on Your Investment Goals

  5. Guarantees All of these policies have a death benefit, which is guaranteed to a point.

  6. Whole Life Guarantees

  7. Universal Life Guarantees Universal Life Guarantees

  8. Variable Life Guarantees Variable Life Guarantees

  9. Tax Strategy—How to Get Tax-Free Gains • Avoid Cancelling Your Policy: • The money in your life insurance account grows tax-deferred. As long as you leave money in the account, you don’t owe taxes on it. • If you decide to cancel your life insurance policy and cash out investment gains, you’ll owe taxes on those gains. So avoid cancelling your policy! • Follow this process instead: • Get a policy loan. Luckily, the government doesn’t tax loans. • Let the death benefit pay off your loan. The government doesn’t tax life insurance death benefits.

  10. If you use a life insurance policy as a tax-free investment, consider the downsides: • You’ll have to be healthy enough to qualify for life insurance. It might not be an option if you have serious health issues. There’s a required medical exam. • Your investment gains will be lower than if you had just invested in a stock account, because each month a little bit of your money goes towards paying for your life insurance.

  11. How Can Life Insurance Investing Be Beneficial? It’s especially advantageous if you can’t qualify for a regular retirement plan: • For example, if you’re making too much money, you’re not allowed to use an IRA, so you could use life insurance. • If you don’t have a 401(k) at work, life insurance would be a great tax-free investment for you. • Life insurance doesn’t have any income restrictions, so anyone can set up a plan like this as long as they’re fairly healthy.

  12. More Benefits ofInvesting in Life Insurance • If you want life insurance to protect your family, it’s an added benefit to be able to save for tax-free income later on all within the same contract. • If you struggle to invest regularly, permanent life insurance offers automatic, forced savings, ensuring that you provide for your future, even when you’re not thinking about it.

  13. Annuity Investing • Annuities are investment contracts split into two stages: • Accumulation phase: when you put in your money monthly and it builds over the years. • Payout phase: when you begin to receive the money.

  14. Risks of vs. Fixed Variable Annuities

  15. Top Benefit of an Annuity that Life Insurance Doesn’t Offer An annuity offers guaranteed income for the rest of your life.

  16. Illustration of Annuity Payout • If you have $300,000 in your annuity and you’re ready to start the payout phase, you can choose to receive set, guaranteed payments for the rest of your life, and they’ll turn it into a lifetime pension for you. • No matter how long you live, you’ll continue to receive the payments. The amount of the payments will never go down, even if your total payments surpass that $300,000.

  17. Life Insurance or Annuity:Which is Right for You? Life Insurance Annuity If your goal is to reach retirement with the most money If you don’t qualify for life insurance If you’re single, have no kids, and don’t need life insurance • If you have children or need a life insurance policy • If you want to retire early (you can take out a loan without restrictions)

  18. 4 Tax-Free & Tax-Deferred Income Strategies Now that you understand the basics of investing in life insurance and annuities, let’s review 4 specific strategies to achieve tax-advantaged income.

  19. Strategy #1. Use Life Insurance Cash Value for Tax-Free Income

  20. Strategy #2. Use an Annuity to Guarantee Income for Life

  21. Strategy #3. 1035 Exchange: Life Insurance Cash Value into an Annuity

  22. Strategy #4. Use an Annuity + Life Insurance

  23. Younger vs. Older Strategies

  24. Comparing Tax Advantages of the 4 Strategies • #1 is the only strategy that’s completely tax-free (life insurance). • #2, #3, and #4 delay taxes until retirement, which gives your investment more momentum to grow. • With #4 (life insurance + annuity), you’ll pay less tax, because the life insurance death benefit will be tax-free.

  25. How Can You Get Started?

  26. Setting up an annuity with guaranteed income is really the only way for most people to get income for the rest of their life. The question isn't at what age I want to retire, it's at what income. ~George Foreman

  27. We hope you enjoyed your Special Report! Curtis Roese is an experienced professional with extensive experience in personal finance and small business matters. Curtis writes and publishes articles, courses, guides and special reports on his personal finance blog. Common Cents Wisdom is a website with hundreds of informative articles, special reports, resources to assist you with all of your financial concerns and a free monthly newsletter. Sign up to receive your free eBook "Common Cents" and get started today on the road to financial freedom!

  28. This Free Course Includes: • A Complete 80+ Page, 16-Module Home Study Course in PDF format • Companion Worksheets and Cheat Sheets • Budget Helpers, Worksheets, and Trackers • Bonus Audio Interviews with Financial Experts • My Secret Resource List of Helpful Money Sites, Tools, and Calculators • Bonus #1: Boosting Your Value Without a Formal Education • Bonus #2: Building a Wealth and Prosperity Mindset • Bonus #3: 25 Ways To Protect Your Identity • Don’t Delay! Get Your Free Course Now!

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