Here is one way to eliminate those pesky capital gains on mutual funds. Purchase cash value life insurance. The earnings on the cash value of life insurance are tax deferred until you take the cash out, and if you take this as an income stream, the tax can be minimized or even eliminated. Many companies call this type of plan a Supplemental Life Insurance Retirement Plan. This takes some careful planning, but your agent or advisor can set one up and tailor it just for you.
Many middle-aged adults are finding themselves caught between supporting their dependent children while looking after their aging parents. This predicament places those in their 40s and 50s in a particularly difficult position from both a financial and emotional standpoint. So how can those in the Sandwich Generation survive without getting eaten alive? By planning.
People are living longer these day and may be afraid of outliving their money. Even those who are financially secure are worried. One solution is to work a few more years. The work might be full or part time, depending on the individual’s health and interests, but often overlooked in these situations is the need for life insurance beyond the “normal” retirement years.
While we hope you read all of our blog posts each week, we know in a busy world that doesn’t always happen, so here are a few of our most popular posts so far this year. Take a gander …
While some Gen Xers have become successful DIY investors, most have not. As the article points out: “They bring an attitude of ‘I’ll figure this out someday when I have time, and then I’ll make some smart decisions that will catch me up.'” But that just isn’t true. It’s time for this generation to start looking to financial experts for help.