Are you worried about how you will fund your retirement? The fear is common: after all, it’s not easy to save for your Golden Years. But what if there was a way to make your money grow exponentially while enjoying tax-free benefits? Welcome to Indexed Universal Life (IUL). If you are a believer in retirement accounts, you have probably heard of traditional 401(k) and IRAs; the IULs are gaining popularity as an excellent alternative. In this article, we explore what makes Indexed Universal Life better than Traditional Investment Accounts retirement-accounts.
Benefits:
Tax-Free Benefits: With IULs, you can cash out money tax-free since it functions as a Life Insurance Policy. Traditional retirement accounts, on the other hand, are taxable. With an IUL, the value of IULs account continues to rise, increasing your benefits and increasing tax-free opportunities over time and reducing your dependence on other accounts.
Increased Values: Indexed Universal Life guarantees an increase in your savings account value as the market index progresses. IULs are a smart investment option and offer coverage for your lifespan. Traditional retirement accounts, meanwhile, fluctuate with the market and are often low risk-low reward systems.
Protection Against Loss: Every trading account carries some risk with it. Since the IUL is an insurance policy, it has provisions that protect your money against losses. If the market index that your IUL is tied goes down, your account’s value will have a ceiling. Traditional retirement accounts can suffer significant loses that could impact your future.
Added Flexibility: IULs offer flexibility when it comes to contributions and access. You can increase or decrease the payments as per your convenience and the policy will not expire as long as you’ve made a certain amount of contributions. Traditional retirement accounts have fixed terms and investment rates.
Conclusion:
Retirement planning shouldn’t stress you out because an IUL can offer you both peace of mind and steady growth. IULs are honestly worth your consideration if you are looking for a reliable and secure way of funding your retirement. As the tax-deferred market gets more crowded, we recommend Indexed Universal Life to be your insurance to protect your investments, offer tax-free benefits, guarantee steady values, protect against market losses, and give you added flexibility. We offer free consultations, so Book here today to get started on your indexed universal life journey https://bountifulboomers.com/schedule-a-consultation/
