#551 ROTH IRA vs IUL: Tax Lawyers Explain The TRUTH...
In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen break down the complexities of Roth IRAs versus IULs. They discuss how Roths provide tax-free growth and accessibility, while IULs offer insurance benefits but demand careful financial management. Here are some of the highlights:Mark and Mat begin by introducing the topic of discussion, noting the popularity of IULs among young people and the confusion surrounding their use as a retirement alternative.Mark shares a personal anecdote about his cousin considering a life insurance policy for retirement, highlighting the need for careful consideration.Mat explains the basics of IULs, including their combination of term life insurance and a cash value component that grows tax-free.Mark and Mat touch on the ease of accessing contributions in a Roth IRA versus the longer-term access of IUL cash value.They identify the ideal target audience for IULs as those with stable income and a need for both death benefit and investment growth.Roth IRAs should be the starting point for most people, followed by a consultation with a trusted advisor for IULs.The importance of individualized advice and the potential benefits of IULs for those with specific financial needs and stable income.How Roth IRAs offer a simpler, more accessible entry point for long-term wealth building. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don"t want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!
From "Main Street Business"
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