60-year-old Wants To Leave $2M To Each of Her Daughters (100% Tax-free)!

(don’t forget to checkout the video of this case study too)

Building generational wealth is a very important goal for a lot of people as they enter retirement.

But, what is the best way to do that⁉️

Should you try your best to simply “not spend” a portion of your retirement portfolio so you can leave that to your loved ones?!

Or should you systematically reposition some money for a tax-free wealth transfer️?!

I tend to the think the latter is a better option…

Not only for its guarantees, but for its tax efficiency.

You see one of the biggest loopholes in the IRS tax code is the ability to transfer wealth 100% tax-free via a life insurance vehicle.

Unfortunately, not a lot of people take advantage of this huge opportunity (maybe because of the stigma surrounding life insurance).

But let’s review an example of a client I recently worked with to determine what it really costs to transfer wealth (which is simply a repositioning of wealth gaining tax-free status on money being transferred, including all growth that occurs within the contract):

⭐️ Here are the details ⭐️

✅ Jessica is 60 Years Old & Very Healthy

✅ She has $2.5M saved for Retirement Accounts

✅ She needs $12,000/month of retirement income at 67

✅ She will collect $3,200/month from social security at age 67

✅ She wants to minimize taxes

✅ She wants to ensure $2M is left to her 2 girls (tax-free ideally)

⭐️ Retirement Income Strategy ⭐️

✅ $825,000 into an income annuity for maximum retirement income @ 67

✅ This generates $8,827/month, guaranteed for life

✅ (including her social security) she has a total of $12,027/month guaranteed for life (including annual increases to combat inflation with social security’s cost of living adjustments)

And a remaining $1,675,000 to grow & transfer to her daughters…

But, since it’s in retirement accounts it’s all taxable (including all future growth)

So instead, we will do this 💡

⭐️ Tax-free Wealth Transfer ⭐️

✅ $4M dollar tax-free wealth transfer vehicle

✅ She will reposition approximately 2.9% of her $1.675M per year (or about $49,000 per year)

At age 90 she will have contributed $1.5M but will transfer $4M completely tax-free.

In this example, she was able to create $2.5M of tax-free, generational wealth for her daughters.

Let’s chat 💬😎