This is the transcript from a video discussing Indexed Universal Life Insurance (IUL’s). The video can be found below and/or clicking this link for Youtube https://youtu.be/GGbnoyJXmp8
Three things can happen to you in your life you live too long and outlive your money. You spend it all if you’re sick or you die too soon and leave it to your family. We really have some bad news if you have a 401k an IRA or a pension plan. The IRS wants you to think that qualified plans are the surefire way to prepare for your retirement.
They entice you to max out your plans by giving you tax breaks right now and allow your money to grow tax deferred over the years. But under their pretty packaging is just an empty box. Almost the worst course of action is making contributions to a qualified plan to save for your retirement because when you finally retire and need the money most you’re going to be taxed out of your mind. Then when you die the IRS will hit you with a double tax whammy.
They will tax your estate when you die and then tax the leftover amount inherited by your family. On top of the tax problems you’ll also have to deal with market volatility that can crush your portfolio.
Just think about 2001 and 2008. What if there’d been a way to avoid portfolio crushing downturns in the market. Avoid enormous tax burdens during retirement and virtually eliminate any worries you have about outliving your money during retirement.
Rest easy because there is a way and we want to show you later on in this DVD. Let’s get that retirement monkey off your back. By showing you a better way. An IRS approved tax friendly retirement savings vehicle that blows your qualified plan out of the water. They have been around for years. They’re offered by the oldest largest and most financially sound financial institutions in the world and allow your money to grow tax deferred just like your current qualified plans but they allow your money to be dispersed at retirement with zero taxes. Continue Reading