Category: Insurance News

4% Rule Busted

Let’s say you have a 1 million dollar nest egg, and you want this to provide an income for life. The 4% rule says you should be able to take 4% of your nest egg income and have it last for the rest of your life. Well, 4% of $1,000,000 is $40,000. You still have to pay tax on this because it’s more than likely...

The 3 Legal Ways to Build a Tax Free Retirement (Part 2)

The 3rd option is found within IRS Code 7702. It provides tax deferred growth and tax free access to cash value built up inside a life insurance contract. You have to be careful with this because if not done correctly you can lose your tax benefits, and your money. There are 3 different types of life insurance contracts that can provide tax advantage retirement cash...

The 3 legal ways to Build a Tax Free Retirement (Part 1)

There’s a reason why CPA Ed Slott, one of the nation’s leading tax expert, says that taxes are the biggest risk you’ll face in retirement. In order to cover the skyrocketing debt and obligations like social security and Medicare, tax rates must double in order to pay for everything. Don’t believe me? Just ask David M. Walker, former Comptroller General for the US Government Accountability...