LIRP -  Life insurance retirement plan

What is a LIRP?  What can a LIRP do for you?  How might they benefit you? 
A LIRP is a Life Insurance Retirement Plan that is very powerful yet is a fairly basic financial planning tool that is used to achieve your financial planning goals for your future. 

what can a lirp do for you?

• Allows you to create your own self-completing retirement plan

• Provides you with supplemental retirement income for corporate executives to every day employees
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• Aid you in avoiding the threat of higher income taxes in the future...”The Real Fiscal Cliff”

• Addresses Estate Tax issues at death and paying off any debt

• Guarantees that what you want to happen financially in your life will happen, whether or not you are here to see it happen

• Affords you to become your own bank and making more efficient purchasing decisions

• Provides you with access to funds that may be earmarked for retirement purposes if needed

• Open up multiple investments uses on the same investment dollar

• Paying for your or your child's / children's college education without being disqualified from financial aid
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• Enable you to address your long term care needs later in life

• Creates a Tax-Free Income stream at retirement or when you desire to start taking it

Benefits of a lirp?

They offer the greatest benefit for investors who have already maximized other Tax-Advantaged Retirement Savings plans.

Retirement cash needs are satisfied from the LIRP via policy loans and withdrawals.

Because it is Life Insurance, it is taxed on a first in, first out (FIFO) basis, tax-free withdrawals can be made up to basis.

In death, the LIRP provides income protection in the event that you can no longer provide that retirement income  for those you love.  In the event of your death, the LIRP provides your Beneficiaries a Tax-Free Death benefit.

LIRPs (Life Insurance Retirement Plans) are promoted in the book “The Power of Zero ”.

The book’s sub-headline is “How to Get to the               0% Tax Bracket and Transform Your Retirement.”
Call Western States Financial to see if a LIRP and having Tax-Free Retirement Income      is right for you.

Call us today @ (951) 371-7608