Tax Minimization
Rising taxes are a concern for many individuals approaching retirement. Many see the trillions of dollars our nation is in debt and believe that it will not be long before our Federal Income Tax Rates will be raised significantly. It’s important to incorporate tax planning into your financial decisions.
Knowing what options are available is the largest hurdles our clients have faced. Investing in or purchasing a tax-deferred vehicle means your money can compound interest for years, free from income taxes, potentially allowing it to earn interest at a faster rate. While very few financial vehicles avoid taxes altogether, insurance products only allow you to defer paying them until retirement – when you may be in a lower tax bracket.
*Please note that withdrawals will reduce the contract value and the value of any protection benefits. Additional withdrawals taken within the contract withdrawal charge schedule above the free withdrawal amount could be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to 59 ½, may be subject to a 10% federal additional tax.
Our Mission
Our mission is to provide our clients with qualified financial guidance based on uncompromising integrity while giving personalized solutions that grant safety and opportunity for growth
