Retirement Savings

“The question isn’t at what age I want to retire; it’s at what income.” George Foreman

Everyone wants a happy and comfortable life after retirement. So, my smart objective is to help you save $1 million for age 65. Indexed Universal Life (IUL) is a plan to protect you and your family. It’s life insurance coverage. But it’s also built a cash value. Suppose you start investing at age 20. By age 65, you will have $1 million for your retirement; if you die, you will leave your family with some protection. IUL accumulates compound interest and builds cash quickly. Below is the table that explains why the IUL is different and secure from other investments

IUL · Tax-free · No penalties on withdrawals · Protection (there’s an upper and lower floor to protect your money) · No limits on the investment amount

IRA · When taking money out pay tax · Penalties on withdrawal prior to age 60 · No protection (there’s no floor protection) · Limit investment (6000 a year)

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What is IUL?

https://www.investopedia.com/articles/insurance/09/indexed-universal-life-insurance.asp

Cap Floor

Ramandeep Kaur takes full responsibility for the information posted. The information presented here is the full responsibility of the poster and not that of California State University, Sacramento.