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IT IS TIME FOR YOU TO TAKE CHARGE OF YOUR RETIREMENT GOALS!

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Presentation on theme: "IT IS TIME FOR YOU TO TAKE CHARGE OF YOUR RETIREMENT GOALS!"— Presentation transcript:

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4 IT IS TIME FOR YOU TO TAKE CHARGE OF YOUR RETIREMENT GOALS!

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6 AMERICAS FINANCIAL CRISIS

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8 What if…

9 IRA/401K Four Phases of Retirement Planning Contribution Tax deferred Accumulation Tax deferred WithdrawalTransfer Pay Tax

10 Will Future Tax Rates Likely Be:

11 You owe me income tax! PAY ME NOW!OR PAY ME LATER!

12 The IRA/401(k) Story Deposit $400 per month 25% tax bracket

13 Estimated account balance of $412,198 withdraw $66,660 a year Will provide after taxes of 25% The IRA/401(k) Story Income Tax Due is $16,665 per year 25% tax bracket Retirement income of $49,995 a year

14 Now… The Rest of the IRA/401(k) Story $36,000 Total Tax Savings 25% tax bracket Pre-Retirement Income Tax Savings Income Tax Due is $16,665 a year 25% tax bracket Retirement Income Tax Costs

15 The Rest of the IRA/401(k) Story Total Pre-Retirement Income Tax Savings After Retirement Income Tax Due After Retirement Income Tax Cost $36,000 3 years=$49,995 $16,665 6 years=$99,990

16 The Rest of the IRA/401(k) Story

17 Pre-Retirement Income Tax Savings $36,000 After retirement Income Tax Cost $16,665 2.2 Years! Income Tax Cost a year 25% tax bracket Total Tax Savings 25% tax bracket

18 More of… The Rest of the IRA/401(k) Story

19 Story of two retirees

20 PBS / Frontline report pointed out these issues with 401(k)

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22 401(k)Private Sec. 7702 plan

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24 PRIVATE PLAN VS TAX QUALIFIED PLAN

25 Withdrawal End of year Age Tax Deferred 401k UL Insurance Private Plan 31. 68 49,995 49,995 35. 72 49,995 49,995 38. 75 49,995 49,995 39. 76 7,449 49,995 40. 77 0 49,995 50. 87 0 49,995 74. 110 0 49,995 This illustration is for educational purposes and is not a specific offering. Values and benefits are not guaranteed unless stated as guaranteed on illustrations. Examples are used to illustrate the potential of alternative retirement scenarios using Universal Life Insurance under Section 7702

26 Transfer/Legacy End of year Age After Tax Death Benefit IUL Policy Private Plan 1. 38 4,800 272,281 31. 68 389,123 406,592 36. 73 106,175 293,918 39. 76 7,555 207,409 40. 77 0 192,868 50. 87 0 182,394 73. 110 0 5,687,926 * Maximum/Consult tax professional for accurate estimate This illustration is for educational purposes and is not a specific offering. Values and benefits are not guaranteed unless stated as guaranteed on illustrations. Examples are used to illustrate the potential of alternative retirement scenarios using Universal Life Insurance under Section 7702

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32 Bob LaCroix Bob.LaCroix@brokersalliance.com (800) 290-7226 (Ext. 132) Index Universal Life Specialist


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