A popular retirement planning product, particularly for higher tax bracket individuals, is cash value life insurance. In addition to providing liquidity in the event of an unexpected death, the cash values represent additional lifetime protection. The funds can be used as a volatility buffer during down markets, plus they can be a source for tax-free retirement income. For the … [Read more...] about How To Enhance Your Retirement Plan With Cash Value Life Insurance
Roth IRA
What is a Roth IRA? How Roth IRAs work, contribution limits and who can open one
A Roth IRA is one of the most popular ways for individuals to save for retirement, and it offers some big tax advantages, including the ability to withdraw your money tax-free in retirement. In fact, many experts consider the Roth IRA the best retirement option available. © MoMo Productions/Getty Images What is a Roth IRA? Here's how the Roth IRA works, what it … [Read more...] about What is a Roth IRA? How Roth IRAs work, contribution limits and who can open one
You, too, can reap the tax advantages of a Roth IRA
The trove of IRS records recently uncovered by ProPublica has confirmed what many have always suspected: Billionaires often enjoy a substantially lower tax rate than the average American.They do that by claiming losses and deductions that reduce their taxable income and by holding much of their wealth in investments, which often aren’t taxed on an annual basis.The most recent … [Read more...] about You, too, can reap the tax advantages of a Roth IRA
Maltese Pension Plan in the Sights of the IRS | Charles (Chuck) Rubin
The Maltese pension plan is a planning device for U.S. taxpayers to use the U.S. - Malta tax treaty to obtain tax deferral and tax avoidance benefits similar to a Roth IRA, but without many of the limitations of a Roth IRA. For more about it, search "Maltese pension plan" and you will find many sites touting its benefits. For any of those involved with such plans or … [Read more...] about Maltese Pension Plan in the Sights of the IRS | Charles (Chuck) Rubin
5 Steps To Plan For Your Financial Independence Day
Young handsome business man celebrates freedom success laughing arms raised looking up to sky. ... [+] Positive human emotions face expression feelings. Career life achievement financial freedom concept getty Now that we’ve celebrated our national Independence Day, it’s a good time to contemplate being able to celebrate your own Financial Independence Day. … [Read more...] about 5 Steps To Plan For Your Financial Independence Day