Managing Partner at Barry Group, Media personality Momma Cuisine, Entrepreneur in finance and media
Utilizing an Index Universal Life policy as a tax-free retirement account can be a powerful strategy for individuals in their 40s looking to catch up on retirement savings. The combination of tax advantages, market participation, and liquidity makes IULs an attractive alternative to traditional retirement accounts.
For individuals in their 40s who have yet to save for retirement, the challenge may seem daunting, but with strategic planning and the right financial tools, it's never too late to build a substantial nest egg. One increasingly popular option is utilizing an Index Universal Life (IUL) policy to create a tax-free retirement account. In this article, we'll explore how an IUL can become a tax-free retirement account, why it may be superior to a 401(k), and how it compares to a traditional Individual Retirement Account (IRA). #barrycorp #wealthbuilding #taxfreeretirement
