In this interview, Shaun Discusses His Approach to Helping His Clients with Financial Planning and Retirement Using Life Insurance. Because deferring taxes is not better than paying taxes now, he feels that placing money into a specialized account in a permanent life insurance policy provides spectacular benefits. This provides liquidity so one can access their funds while also providing tax-free growth. This guarantees no loss of principal and a dramatic upside in cash value growth inside the policy.
Questions covered in the interview include:
- Can retirement savings be passed to kids without having to pay taxes?
- How does retirement savings impact the ability to receive financial aid for college tuition?
- Is there any way to be more tax-efficient with savings?
Listen to the interview on the Business Innovators Radio Network
A major goal of tax planning services is minimizing federal income tax liability. Tax planning considers the tax implications of individual, investment, or business decisions, usually with the goal of minimizing tax liability. While decisions are rarely made solely on their tax impact, one should have a working knowledge of the income or estate tax issues and costs involved.