Life Insurance Retirement Plan (LIRP)

Life Insurance Retirement Plan (LIRP)

A LIRP is a life insurance strategy that functions in many ways similar of the tax-free characteristics of the Roth IRA. It
works by purchasing a cash value life insurance policy that the owner then “overfunds” for a period
of at least 10 years. The assets also grow tax-deferred in the life insurance policy and any residual benefit pays directly to a listed beneficiary tax-free.

Do You Need a Financial Advisor? Financial Planning Exposed

Do You Need a Financial Advisor? Financial Planning Exposed

In sum, when considering a Financial Advisor: BUYER BEWARE! I have worked side by side with some of the most successful Financial Advisors in the Industry, and I can assure you that not all of them (in fact not even most of them) have their client’s best interest in mind when making recommendations. Financial Advisors are generally paid through some form of commission, either a straight commission on a particular trade. Remember, the financial services industry is an “eat what you kill” environment. Read more to get the facts!

401K Retirement Plans Made Simple

401K Retirement Plans Made Simple

Retirement is the single biggest financial issue facing American’s today. Whether we work for a company, a non-profit, or are self-employed, there are a number of different retirement plans available. I suggest to all my clients thatwe try to save 15% of their income, with 10% going into their retirement plan. Of course, the younger you start, the better off you’ll be in the end. You are never too old for creating Financial Freedom, and if today is the day you are making the commitment to plan for your own future, then get out the champagne, give yourself a toast and start taking notes.