Utilizing my Income, Checking and Savings

Utilized by High Income Earners who are Max Funding their 401(k)/403(b)
Individuals earning more than $138k or Married Couples earning more than $218k – YOU ARE NOT ELIGIBLE TO OPEN A ROTH IRA
Tax Loophole allows you to use a Variable Universal Life or Indexed Universal Life insurance policy as a ROTH IRA

1. - Roth IRA’s allow you to fund a Retirement Plan with After-Tax Dollars and in return you are able to take 100% Tax-Free withdrawals during retirement
  - So, if your Traditional IRA or 401(k) has grown to $1 million, when you start taking withdrawals you will pay an income tax on those withdrawals
  - Roth IRA’s would give you the full $1 million Tax-Free

1. - Step 1 – Max Fund your 401(k) or 403(b) — for 2023 the max contribution is $22,500, or $30,000 for people Age 50 or older
  - Step 2 – Decide how much additional money you would ideally put into your 401(k), 403(b) or IRA — good rule of thumb is to do at least 15% of your gross annual income
  - Step 3 – Decide how many years you’d like to invest for (typically 5-15 year investment horizon)
  - Step 4 – Treat and Monitor your investment account the exact same way as your 401(k), 403(b) or IRA
  - Step 5 – at whatever age you want, begin taking annual tax-free withdrawals from your Investment Portfolio inside the Life Insurance

1. - You and/or your Investment Team will have 100% control of how the Separate Account is invested by the Life Insurance Company
  - You can choose & change your investments at Any Time!
  - The Separate Account gives you the option to allocate your funds across as many as 86 Indexed & Mutual funds offered by firms such as JPMorgan, Goldman Sachs, BlackRock, Invesco, PIMCO, Fidelity, Morgan Stanley, T. Rowe Price, Lord Abbett, Janus Henderson, Franklin Templeton, VanEck & More
  - Additionally, in years when you want to be Conservative, you can allocate as much of your funds as you want into a “Buffered Index” Strategy
  - Buffered Index funds allow you to invest in the S&P 500 with between a 10-20% downside buffer and still maintain as high as an 18% Point for Point Cap