Preserve and Protect

You may be concerned about having enough income during retirement to help you preserve your pre-retirement lifestyle. A major factor in solving this concern is generating income that is tax-free. For example, if you have a $10,000 per month income, but pay a 25% tax rate, you really only have $7,500 to spend once you pay Uncle Sam.

Income from pensions, traditional IRAs, 401(k)s, and similar plans are taxed as ordinary income.  Retirees with high amounts of monthly pension income will likely pay taxes on 85% of their Social Security benefits.

I think you should focus on finding tax-free income sources in an effort to raise your retirement income and eliminate the unknowns about taxes. So how do you do this?

Most people immediately turn to municipal bonds, a vehicle that does offer tax-free income. I have some concerns, though, about the current rates of return on municipal bonds and the heightened risk municipal bond buyers could be taking on.

Instead, consider life insurance. High cash value - dividend paying - participating whole life insurance (often referred to as investment grade life insurance).  It is the single greatest financial tool ever constructed.  Here's the scoop.  

When you buy investment grade life insurance, you are buying both life insurance and a tax-free savings vehicle (notice I said tax-free not tax deferred).  Each year a growing part of your premium goes into the savings vehicle. The cash balance in it grows tax-free at an interest rate guaranteed by the insurer. When your policy is properly structured and correctly funded, this cash balance will grow internally, resulting in a net gain to you, the policy owner. Not all Life insurance policies can accomplish this, only a properly structured policy can achieve this. 

1. You will have tax-free income when you need it.
2. You will always have access to your money whenever and for whatever you want without qualification or time delays. 
3. Your money is transferable to your spouse, children, grandchildren, or your favorite charity without taxation on gains and without the expense of probate.
4. Your plan is self-fulfilling, meaning that should you no longer be in the picture (die), it would still produce immediate and perpetual tax-free cash for your family.
5. It is still funded should you become disabled.
6. You always have consistent upside only guaranteed growth. Somewhere between 4-6 percent annual growth. Consistency each and every year.
7. All of your gains are 100% locked in and you will NEVER see a loss due to market downturns.
8. You will have no required minimum distributions, like an IRA requires.  If a withdrawal is taken, you want it to be your decision and not the government's.  You don't want them to ever tell you when, how much, or how often.
9. Your policy is creditor proof, protected from frivolous lawsuits.
10. Your account is backed by the strongest financial institutions in the world. Insurance Company
11. And your funds are safe from scammers and Ponzi criminals.

You can have peace of mind for wealth protection, estate preservation, and retirement planning, because you can know the minimum guaranteed value of your policy in any year, and also know that your tax burden will be lessened during your retirement years! This is The Tax Free Retirement Strategy.​

There will be around 85.5 million Americans over the age of 65 by the year 2040. 

Set yourself apart.

Patrick T. Davis, CSA®

CSA®, Certified Senior Advisor

For 24 years I've assisted executives, entrepreneurs, professionals grow and preserve their nest eggs through customized financial planning strategies.

Educated at Tennessee State University (’91), and The American College of Financial Services, Patrick holds the Life and Health Insurance license and belongs to the Society of Certified Senior Advisors (CSA®).  A Certified Senior Advisor (CSA®) is one of the leading designations for professionals who work with seniors and retirees. Those who have the CSA® designation demonstrate comprehensive experience in a wide range of issues that plague seniors such as their health, social issues, financial concerns and legal considerations.  Learn more at www.csa.us

Patrick T. Davis, CSA®

Certified Senior Advisor (CSA®)

NPN: 7137980   GA LIC: 620653

Phone: (404) 729-3438