On Demand

Tax Advantaged Use of Life Insurance in Retirement Planning

1h 1m

Created on December 14, 2018




The retirement planning challenges everyone is faced with are constantly changing due to changes in the tax laws. Many people do not understand the pitfalls between investing for retirement savings and simply saving for retirement. When it comes to your future and your hard-earned money, do you really want to rely on speculation, hoping that stock prices rise instead of fall? Or... would you prefer to save with predictable gains secured by compound interest that cannot be lost?

This course, presented by retirement planning attorney Joseph Adelizzi, offers both a refresher on the basics of retirement saving and the tax treatment of the traditional retirement plans. It discusses the application of tax-favored use of life insurance policies to accomplish enhanced retirement plan distributions that put more money into retirees pockets when they actually retire. Case studies of certain planning ideas are demonstrated and retirement distributions from plans are illustrated to show the difference between taxable and non-taxable strategies. For both experienced and new practitioners, this program pulls back the curtain on the tax favored use of life insurance in retirement planning.

Learning Objectives:
  1. Examine the laws in the Internal Revenue Code that allow for the establishment of tax favored use of life insurance policies for retirement purposes
  2. Review some of the problems and challenges associated with saving for retirement and the adverse tax treatment most retirement plans are subject to upon distribution, such as:
    • Tax rates
    • Qualified plans
    • Deductible vs. non-deductible contributions
    • Planning ideas
    • Distribution - taxable vs. non-taxable
  3. Discover some of the benefits of establishing a properly structured life insurance policy that may be used for retirement on a tax favored basis
  4. Discuss the various tax rates, and the various qualified retirement plans under the Internal Revenue Code
  5. Explore various funding techniques with deductible contributions vs. non-deductible contributions

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