How to Triple Your Retirement Income After-Taxes
It is What You Keep. Your Income After-Taxes
The IRS gets first dibs on your income. You get to spend what is left after-taxes. Income after-taxes is what you should focus on.
If you withdraw $50,000 from your qualified plan the IRS could take $20,000.
As you can see, qualified plans such as your IRA, 401(k) or 403(b) are heavily taxed.
Tax-Free is Better. Zero taxes means you get to keep the entire $50,000 rather than $30,000 after-taxes.
But what if the $50,000 was actually $90,000 tax-free? Would that excite you? It should because that is what a tax-free pension alternative or tax-free IUL might be able to do for you.
These Living Benefit Life Insurance Plans have been known to kick your retirement up a few levels where your life style options could blow your mind.
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