Roth IRAs are one of the best ways to minimize taxes. However, many people earn too much to qualify for a Roth IRA (single filers who make more than $161K and married couples who make more than $240k). In this video, Peter with Richon Planning and Erin Kennedy talk through an alternative for those high earners known as the "Rich Person's Roth." However, it's not a retirement account, it's a cash value life insurance policy, which also offers tax free growth and tax free withdrawals.

Cash value life insurance can be a great strategy for certain investors. However, it's certainly not for everyone. It depends on your unique financial goals and how the policy is structured.

If you'd like to speak with Peter to learn whether cash value life insurance makes sense for you, please call (919) 300-5886 or visit www.RichonPlanning.com to set up a complimentary appointment.

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