Retirement Income Planning
Helping small business owners reach their retirement savings goals in a more tax-efficient manner.
Business Tax Strategy
If you are a business owner and you do not yet have a comprehensive "business tax strategy" - watch this short video to discover substantial tax benefits available to business owners that most tax advisors know too little about.
Challenge:
Many business owners delay saving for retirement while they focus on building a successful business, potentially leading to inadequate retirement savings.
Strategy:
Cash value life insurance may protect and complement a tax‑diversified retirement income strategy with tax-free death benefit and tax-free supplemental income.
Next Steps
At Jennifer Lang Financial Services, we will work with you to help build a program using life insurance and supplemental income designs that will benefit you today and tomorrow.
How Can Cash Value Life Insurance Help With Retirement Income Planning?
Life Insurance for Risk Protection (LIRP)
Protection Now. Income Later.
Business owners spend years building successful enterprises. As they plan for life after they exit their businesses, many face inadequate retirement savings.
Help Protect Against a Retirement Income Shortfall
In addition to financial protection against premature death, cash value life insurance offers a potential source of supplemental income independent from Social Security benefits, qualified plans, or any proceeds from selling a business. This asset may help make up any retirement income shortfall.
Help Protect Against an Uncertain Future
A cash value life insurance may also serve as the missing asset within your overall retirement strategy, helping to diversify your portfolio in two ways.
It may add a tax-free asset that may be accessed in the event of a high-income tax environment at the time of retirement.
It may protect against market-based losses if it offers guaranteed minimum interest crediting rates. An asset that is protected from market losses may provide a source of supplemental income during market downturns. Policy’s cash value will be reduced by policy charges.
Here's How
Policy
Business owner buys a cash value life insurance policy on his or her life.
Growth
Any growth in the policy’s cash value is tax‑deferred.
Withdrawals
Business owner may take tax-free withdrawals and loans from the policy’s available cash value to supplement their income.
Death Benefit
At business owner’s death, policy’s beneficiaries receive tax‑free death benefit.
Popular Materials
DOWNLOAD | The Tax-Free Bucket Client Flyer
