Will you have enough retirement income?
If you’ve caught yourself wondering whether or not you will have enough income at retirement to continue your current standard of living, you are not alone. In fact, having enough retirement income is one of the leading concerns facing Americans today. Due to the limits on contributions to Individual Retirement Accounts (IRA), Qualified Retirement Plans, and the uncertainty of Social Security retirement benefits, individuals earning high incomes may find that a diminishing percentage of their current compensation can be replaced at retirement through these traditional sources. This is where Life Insurance can help combat the reverse discrimination that hurts successful people.
Should you own Life Insurance as an asset class in your retirement plans?
The Benefits of a Life Insurance Retirement Plan, under Internal Revenue Code Section 7702, are many: