February 23, 2023
The Ghost of Christmas Future
Remember the Charles Dickens Story “A Christmas Carol”? Unfortunately, for some American’s that ghost is higher taxes in retirement!
What some Americans are unaware of is the day of retirement is the real and they need to be proactive in their retirement strategy. With the possibility of significant impacts from taxes throughout their retirement years, it’s essential they are equipped with the right tools to help avoid the daunting reality of taxes in their future.
Please join us for a Strategies for prospecting and selling to small business owners/non-profits and their employees webinar!
Tuesday, March 7
1:00 p.m. ET; 12:00 p.m. CT
American’s can spend decades of accumulating money only to see the evaporation of that income due to taxes. Furthermore, each dollar of distribution potentially could face several tax implications and or penalties. For example, each dollar of taxable income will be used to figure out what Social Security taxes will be due, that same dollar will then be used to calculate if there are surcharges and penalties due related to health care. To compound an already challenging situation is the impact that required minimum distributions could have on that same dollar.
Tip: It is critical to remain well-informed of legislative changes to help your clients make the best decisions no matter where they are on their retirement journey. Please take a look at our Secure 2.0 Article to learn more about the new provisions.
What is the answer? A tax-free retirement strategy using permanent life insurance. Permanent life insurance provides an income tax-free death benefit, tax-deferred build-up of cash value and the potential for tax-free retirement income.
