Life Insurance & Retirement Accounts
Do you plan to keep your family secure today, tomorrow, and down the road? If so, having a right life coverage and retirement account is essential.
Having the right life insurance is crucial in planning for the future of you and your loved ones. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
The cash value growth of a permanent life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.
When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need. Your policy can help provide security for your business security as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.
Retirement planning can be challenging. A secure, comfortable retirement is every worker's dream. And now because we're living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did. Achieving the dream of a secure, comfortable retirement is much easier when you plan your finances.
The TaxCalc specialists can assist and guide you through all available options and help to pick the right one. We offer assistance with the following retirement accounts:
- Simple Plans
- Self-Employed Plans (Hr-10 or Keogh)
- Financial Needs Analysis
- Legal Protection Programs
The right life insurance coverage and retirement plan are unique for each one of us. Talk with the TaxCalc team professional today to find out how to protect your family and your future.