Monday, February 18th, 2013 and is filed under Uncategorized
An inside look at a wealth-transfer strategy your financial advisor may not know exists
A tired old cliché says the two things you can’t avoid in life are death and taxes. It may be uninspired and a little depressing but, unfortunately, it’s mostly true. Americans are taxed for just about everything. And, if you have been fortunate enough to accumulate some wealth over your lifetime, you are even taxed for dying…the ultimate double whammy of the seemingly unavoidable.
Luckily, exposure to the “death tax” doesn’t have to be completely terminal. If you have built up a good amount of assets in your Individual Retirement Account (IRA), you may be able use a little understood life insurance product to help ease the death tax burn. Read More