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Tax Free Retirement

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Tax Free Retirement2021-01-04T12:39:48+00:00

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TAX FREE RETIREMENT

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Usually, every dollar you put away for the future has to be taxed at one point or another. Life insurance, if structured properly can provide a solution for most of that. To put that simply, the death benefit is tax-free, the cash value accumulated inside the policy is tax-deferred, and it can’t be taxed as current income. This can be really beneficial for higher income tax brackets to protect against rising taxes. Being able to make use of a cash value – tax free, is a great way to supplement a retirement income. Not all retirement savings have this kind of tax advantage which in turn provides diversification in a portfolio. Always a good plan!

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