Insurance Solutions for Retirement with Bill Decker

This week we talk about Life Insurance Retirement Plans or (LIRP).

These type of accounts have also been called by some Super Roths

because when they are set up properly they can provide tax free income.

We discuss the advatnages of planning with these types of accounts and the draw backs that they may present.

This weeks episode we look at Roth IRA ’s and Roth Conversions.

The tax advantages of having a Roth IRA the limits that one can contribute to a Roth IRA. Because of the tax free advantages of these type of accounts there are some restrictions you should know about . One is the 5 year rule that we talk about and also was is known as a back door Roth for individuals who earn more than $137,000 per and couples who earn more than $203,000 per year.

This week we talk about RMD’s also know as required minimum distributions and offer three stratergies that may help you be more tax efficient when planning a withdraw strategy for assessing your deferred saving accounts. We talked about Roth conversions, Life Insurance retirement plan and QLAC’s.

This week we talk about term life insurance. Why it is important and situations where it applies very well especially for temporary needs. You can get term insurance with no medical exam and some polices even have what’s called living benefits where you can access the policy to help pay for chronic or critical medical issues such a heart attacks ,cancer or stroke.

This week we look at IUL (indexed universal life) contracts and how they can be used for long term retirement planning. Indexed universal life for retirement has several advantages to some traditional IRA type accounts. As with all type of retirement plans Indexed universal Life does have pros and cons and we are going to look at that in more detail this week.

This week the topic is Single Premium Whole Life Insurance. We discuss why this may be a great place to keep lazy money and if your are concerned about money being liquid, earning above average interest rates and being safe you should learn more about Single Premium Whole Life (SPWL

This week we give you a brief introduction into the two basic types of Life Insurance term and cash value. How to determined what kind of Life Insurance is right for you and a way to determine how much you may need for the different times in your life.

This week we look at using different Insurance products to pay for the coast of long term care. Traditional LongTerm Care policies, Hybrid Life Insurance policies and certain Annuity Contracts that can ease the burden of paying for Long Term Care.

This week we look at the different ways to pay for long term care from personal assets to deferring the cost using Insurance products.

This week we talk about LTC, ( Long Term Care) and about how to put your LTC plan in place. This episode goes over three questions to ask yourself as you prepare to put your long term Care plan in place.