In a previous post, we discussed IRS Rule 72t “equally substantial distribution” which allows for early withdraws from your retirement savings program like an IRA or 401k / 403b employer sponsored retirement savings plan. The 72t rule allows for these early withdraws (prior to age 59 ½ ) without the 10% penalty. IRS age 55 [...]
The most powerful tool in the tax code providing for tax-free income is not your 401k or a Roth IRA. The most powerful tool in the tax code for Tax-Free income and tax-free inheritance is Life Insurance (see video). Yes life insurance, Life insurance provides for tax-free income in the form of loans you make [...]