I studied both between WL dividends compound vs ROTH IRA. I prefer ROTH IRA because one can live off the dividends tax-free if you reach 59 1/2 yrs old. WL require loans in order to prevent taxes, its nonsense. Thanks for your video ❤
Traditional during highest income years to reduce taxable income. Fund whole life designed to maximize cash value Early retirement, convert traditional 401k/ira funds to Roth during lowest income years. Lower tax rate than during your high income years, and will reduce or eliminate RMDs. Use WL funds to cover taxes and living expenses during the Roth conversion ladder years, so that as much as possible can be converted in the lowest tax brackets. Claim social security benefits after conversion ladder. Use SS benefits to fund living. Possibly use to pay interest on the WL loans. Loans are paid back from the death benefit, which should be significantly higher. Heirs receive a couple million tax free between the DB and the Roth.
I studied both between WL dividends compound vs ROTH IRA. I prefer ROTH IRA because one can live off the dividends tax-free if you reach 59 1/2 yrs old. WL require loans in order to prevent taxes, its nonsense. Thanks for your video ❤
Traditional during highest income years to reduce taxable income.
Fund whole life designed to maximize cash value
Early retirement, convert traditional 401k/ira funds to Roth during lowest income years. Lower tax rate than during your high income years, and will reduce or eliminate RMDs.
Use WL funds to cover taxes and living expenses during the Roth conversion ladder years, so that as much as possible can be converted in the lowest tax brackets.
Claim social security benefits after conversion ladder.
Use SS benefits to fund living. Possibly use to pay interest on the WL loans.
Loans are paid back from the death benefit, which should be significantly higher. Heirs receive a couple million tax free between the DB and the Roth.
IUL is definitely better!