For many Americans retirement income is about cash flow. But in practical terms net after tax spendable money. So tax diversification is just as important as asset diversification. A TAMRA compliant cash value life insurance policy designed and managed to create the lowest cost of insurance can distribute tax free withdrawals of basis and policy loans of gain as long as the contract is kept in force for the life if the policy insured.
Many advisers use tax advantaged cash value life insurance as a strategy to delay and maximize Social Security to age 70 as well as mitigate taxation in tactical tax bracket management.
Syndicated financial columnist and talk show host Steve Savant interviews insurance product expert Mike McGlothlin on the impact of life insurance contracts.