Traditional 401k plans are great, right? They lower your taxable income and offer tax-deferred growth on your investments. And while that’s all true, Uncle Sam is no fool. The tax code may incentivize retirement savings, but all of that money eventually comes out as taxable income.
At Howard Kaye Insurance Agency, we’ve thought of something better: an innovative way to utilize life insurance to provide a retirement savings vehicle with greater tax efficiency than a traditional 401k. Meet the “401 Kaye” plan:
What is the 401 Kaye Plan?
The 401 Kaye plan is a concept that allows you to use life insurance for your own retirement. You take the same dollars you were dedicating to your 401k or IRA and buy a life insurance policy on one or both of your parents instead. While you obviously don’t wish for your parent’s demise, you both understand this is a win-win situation because it’s a guaranteed return.
Why a 401 Kaye Plan is Better
Unlike traditional retirement vehicles, the 401 Kaye plan allows you to:
Rather than depending on the ups and downs of the market, reward your hard work with a guaranteed return. Call Howard Kaye Insurance Agency and talk to us about the 401 Kaye plan today at 800-DIE-RICH.