ED SLOTT – Leveraging Large IRAs: Three Wins for Clients, Heirs, and Financial Professionals Life Insurance Strategies for Today’s Tax Challenges
For many retirees and pre-retirees, the largest pool of assets may be in tax-deferred IRAs, which can create problems down the road. Large IRA balances can create concentrated tax risk and a planning opportunity.
IRAs are tax-deferred until funds are withdrawn, at which time, the withdrawn funds are taxable. Combined with the recent changes of the SECURE Act, which eliminated the stretch IRA for most beneficiaries, a new approach may be worth considering.
Join Ed Slott as he explains how permanent life insurance can be leveraged to help provide:
· death benefit protection,
· a plan for future taxes,
· inheritance outcomes, and…
· long-term value for clients and their families.
This session will share how to spot opportunities and position life insurance as a powerful planning tool in today’s tax environment.