I currently own an independent P&C agency although I do have some familiarity with the Circle of Wealth philosophy. My question is, since I dont have an employer matching me on a 401k and I have doubts about it to begin with, couldnt I just write myself a whole life 65 policy and dump as much into it over the next 30 years or so as possible. Then upon retirement if one of my kids wants to take over the business, instead of writing me a check each month for the buyout they can repay the policy loans that I will be taking out. That way I can take policy loans with no income tax, they can avoi
Source of insurance-forums.net
Comments
Post a Comment