Summerlin Benefits Consulting Q&AAnswer
Oct 23, 2024 - 11:52 AM
To minimize taxes on retirement income and estate, consider strategies like using Fixed Indexed Universal Life Insurance (FIUL), which allows for tax-free income withdrawals and market growth without losing principal. Another approach is a premium deposit fund to maximize future tax-free cash. Plan ahead to handle future tax increases, balance taxable versus non-taxable assets, and protect your beneficiaries from large estate tax liabilities. Tailor the strategy to your personal financial situation.
