In 2010 alone, Americans paid $5.8 Billion in penalties for early withdrawals from qualified plans according to IRS numbers Qualified Plans (like 401(k)s and IRAs) were designed to facilitate [...]
Well if you don’t, you’re in good company. According to Secure Retirement Institute (SRI) research, 50% of participants have no idea what they pay. Nearly 40% of participants in a qualified (to [...]
Yesterday I had brunch with an entrepreneur friend of mine. A few weeks ago, he’d shared with me some of the new projects and initiatives he was taking on in his business. After we’d ordered, [...]
That’s the conventional wisdom the Wall Street Propaganda Machine and the Government sure pumps at us. “It’s a good idea to save for retirement using a 401(k) because once you’re retired your tax [...]
DaveLife is all about leveraging tax-advantaged strategies to help people improve their quality of life before and during retirement. You do amazing things while you’re alive! We believe your [...]
One of the advantages of an IUL is typically your premiums are paid with aftertax dollars. By accessing value in the policy thru loans and finally a tax-free death benefit, you never pay [...]
Indexing Protects Gains “Zero is your Hero” We’ve already explored how indexing works: If an underlying index goes up you get corresponding interest credited to your account subject to whatever [...]
Overfunding: This is the Key. It Involves A Complete Mindshift from “How much does this cost?” to “What’s the maximum I can legally put into this?” What’s Your Objective With Indexed [...]
What is an Indexed Universal Life Insurance Policy (IUL)? Indexed universal life insurance works very similar to traditional universal life insurance with the exception that the indexed [...]
