It's clear you have a deep understanding of the financial landscape and a knack for simplifying complex concepts. Keep sharing your wisdom-it's truly empowering! -Macy (Team Evan)

Use a 401k-Roth if it is available. Also can do pre-tax 401k conversions while retired. I don't understand buying whole life insurance at 50 or after. I bought mine in my 20's. Much cheaper.

Great video! I recommend to all

very good and useful video

The premise, while it has merit regarding growing earnings tax free, are true only as long as the policy remains in force. It also ignores the decades of gains and earnings growing tax free in 401(k) and the like and not paying taxes in the years of the earned income, when many people/families need as much of their gross income they can keep as possible.

@FinancialFastLane

15 күн бұрын

You should not compare the gains to stock market gains, rather it should be compared to bonds. The life insurance strategy is an alternative to bonds. It is the conservative portion of a portfolio. Also, it can be started and funded in your 50's or 60's and funded from other types of savings accounts, not necessarily from income. Ultimately, the tax advantages and the living benefits make it a uniquely powerful financial tool but there are many variables to be considered. Thank you for your comment!

Nice

The "Life Insurance" Plan/Strategy... ONLY WORKS with NO "Pre-Existing Conditions" ?... Please correct me if I am wrong. At age 66 I have a $1MM IRA that I'm wondering if making a mistake by waiting for 72 Y.O and RMD's and not now ... Looking at other alternatives to save my Tax Burden at Age 72???... Not to Mention the LTC discussion in this Video... WELL DONE!. Contact information appreciated.

@FinancialFastLane

16 күн бұрын

I would be happy to discuss this with you. My office phone: 480-550-6556

@colemant6845

16 күн бұрын

@@FinancialFastLane Thank You... Will call you tomorrow.

If you can live under the standard deduction wouldn't that money be tax free? Anything over the standard would be taxed?

@FinancialFastLane

2 күн бұрын

Yes, if your income is under the standard deduction. If you have retirement accounts, the RMD‘s alone will push most folks far beyond standard deduction.

i am glad I have a life insurance that cash grows income tax free plus LTC. This is very important especially when you get old, healthcare become so expensive.