Скачать или смотреть Which is Better? The Roth IRA vs the 770 Account

Comparing the Roth IRA to the 770 Account
with financial advisor Mike Mitchell
(833) 370-0777
https://followthemoney.com/what-is-a-...

In this video, Christian financial advisor Mike Mitchell compares the benefits of the Roth IRA to the benefits offered by a 770 account (better known as cash-value or permanent life insurance).

Roth IRA can serve as an excellent retirement savings tool because the savings can grow tax-deferred. But the same can be said of the 770 Plan (better known as cash-value or permanent life insurance). However, the Roth IRA annual contribution is capped at $6500 for pre-retirees whereas permanent life insurance has NO annual contribution caps

So too, all of the contributions made to a Roth IRA can be passed to your heirs tax-free. But this is perhaps where cash-value life insurance exceeds the benefits offered by the Roth IRA. Since cash-value life insurance comes with a death benefit, this can be passed on to your heirs tax-free upon your death. With permanent life insurance
the death benefit (often much larger than your contributions, especially in the early years of the contract) is passed to a beneficiary tax-free.

When structured correctly, a permanent life insurance policy can provide many benefits, including:

Tax-deferred growth on your principal and annual dividends
Tax-free access to your cash value
Protection from creditors

In addition, a properly structured life insurance policy can often provide a very competitive rate of return and can be used as collateral.

You can also opt for disability benefits, which will keep the policy intact until age 65 if you were to become disabled.

And this is not to mention the death benefit, which transfers to your heirs 100% tax-free!

Request a complimentary review of your retirement plan -- and discover how we can help you prepare for a sound retirement -- by calling Michael Mitchell toll-free at (833) 370-0077.

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DISCLAIMER: Advisory services offered through OnPointe Advisory and Financial Services, LLC. Registered Investment Advisor. 2090 Marina Avenue, Petaluma CA 94954-6712 800-395-0045

Michael D. Mitchell
[email protected]
Arkansas Insurance #27665 CRD #23344046
Strategic Wealth Partners and OnPointe Advisory and Financial Services, LLC are not affiliated

Followthemoney.com is not an investment advisor. Our research tools and commentary are presented to our members for educational and informational purposes only. We do not provide professional investment advice. You should always consult a trusted investment professional before making any investment decisions.

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