Retirement Income

Retirement is the time in your life when time is no longer money.

When it comes time for retirement, many people keep asking themselves:

• Do I have enough money for retirement? 
• Will I be able to maintain my lifestyle once I retire? 

They also wonder if: 

…it’s too late to fund an Individual Retirement Account (IRA)? Are there alternatives I can take advantage of now?

…are are there alternatives to 401(k) accounts? I don't have the time or employer resources to fund one.

And additionally, people are trying to find tools they can use to take advantage of tax-free growth without contribution limits and thereby provide them with tax-optimized retirement income. Even for people over age 55, catch-up contributions to 401k accounts or IRAs may not allow the accumulation of assets needed to feel comfortable in retirement. Is there a way to create a similar tax advantaged account without using a 401k or IRA?

Private Placement Life Insurance (PPLI) and Private Placement Variable Annuities (PPVA) are powerful tools to help achieve these goals. They can serve as 401k and IRA alternatives that accomplish the same goals.

For example, Private Placement Life Insurance (PPLI) provides tax-free growth, asset protection, and a non-taxable transfer to your heirs. 

Advantages are numerous, but most importantly PPLI can provide income to you via tax-free loans of up to 90% of the cash value of the policy. These loans need not ever be repaid by you, they are repaid out of the policy’s death benefit.

Alternatively, Private Placement Variable Annuities (PPVA) provide the periodic income of a traditional annuity but with an unlimited universe of investment options and tax-deferred growth.

Click to learn more about using PPLI or PPVA for retirement income or contact us to discuss a retirement income strategy today.