Episode 29: Tax Advantages with Bank on Yourself

In this episode, we ask: Is there someone at the IRS who you’re particularly fond of? Do you have more than one beneficiary on your IRA or 401(k)? What did we mention over and over in our last episodes? Are taxes likely to go UP or DOWN in 2025? What changes can we anticipate? What...

In this episode, we ask:

Is there someone at the IRS who you’re particularly fond of?
Do you have more than one beneficiary on your IRA or 401(k)?
What did we mention over and over in our last episodes?
Are taxes likely to go UP or DOWN in 2025?
What changes can we anticipate?
What are the tax advantages from Bank on Yourself?

How are distributions taxed from Bank on Yourself policies?

Would you like Tax Free Retirement Distributions and Withdrawals?
Would you like to take the anxiety and guesswork out of retirement?
Do I have to hold on to the S&P with white knuckles?
What are the two key unknowns in the government-sponsored qualified plans?
How do Bank on Yourself policies grow?
How are Bank on Yourself policies like ROTH plans?
How do dividends affect policy performance?
How do you access cash value tax free?
How do you pay your taxes now on life insurance premiums?
Will you get a 1099 for the growth in your life insurance policy?
How many withdrawals can you take from a policy without any tax consequences?
Once you’ve exceeded the cost basis, how can you get money from the policy tax free?
What about the possibility of a policy lapse?
What about the horror stories?
How do you know you’re working with the right advisor?
What are some ways we can avoid lapse?
What happens to couples who earn over $44K annually?
What’s the problem with required minimum distributions (RMDs)?
How does a Bank on Yourself plan affect your capacity to apply for student aid?
How do business owners use Bank on Yourself policies for paying taxes and financing big purchases?
What is the tax treatment for a death benefit?
What are the tax implications with an inherited IRA?
How are life insurance death benefits treated in probate court?
Can creditors and predators come after money in probate court?
Can creditors and predators come after death benefits?
Can you save as much as a death benefit?
What inheritance options are drama free?