LIRP and Kaizen?: The Dynamic Duo of Tax-Free Retirement

If you're between the ages of 45 and 65, the specter of retirement is likely looming large. Throughout my career, I've found that one of the most common concerns is whether you've saved enough for this phase of life. But what if I told you there's a powerful tool that can help you make up for lost time and maximize your retirement income? Enter the Life Insurance Retirement Plan (LIRP).

Living Benefits of LIRP: The Retirement Secret of the Successful

A LIRP isn't your typical life insurance policy. It's specifically designed to maximize cash value accumulation while minimizing the death benefit. The real beauty of a LIRP lies not in the payout upon death but in the tax advantages it offers while you're living, helping you make the most of your hard-earned money.

In fact, it might surprise you to know that about 85% of Fortune 500 CEOs use the LIRP as one of their primary retirement tools. Corporations rely heavily on life insurance to fund both employee and executive retirement plans. Now, this powerful tool is available to you.

Exploring Diverse, Tax-Free Growth Strategies

One of the main attractions of a LIRP is its tax-free benefits, coupled with the array of options it provides for growing your funds within the tax-free accumulation account. Let's break down those options:

1. You can choose to grow your money within the general investment portfolio of the insurance company administering the program. Insurance companies are experts in managing risk, so these types of returns tend to be conservative but very consistent.
2. Alternatively, you can pass your contributions through insurance companies into mutual fund portfolios known as sub-accounts. This approach can offer higher returns, but it does carry more risk as it exposes you to the impact of market declines.
3. The third option is to contribute to an account whose growth is linked to the upward movement of a stock market index like the S&P 500. This allows you to participate in the growth of the index up to a cap, typically between 11% and 13%. Even better, if the index loses money, your account is credited zero, meaning it never decreases in value. Historical returns for this option usually fall between 7% and 9%, making it a safe but productive way to accumulate tax-free dollars for retirement.

Discover the Power of Kaizen? for Your Retirement

One of my favorite features of some LIRPs is the concept of leverage. You're likely familiar with this term from real estate – after all, most people finance their homes rather than paying cash upfront. The same principle applies to a unique life insurance tool known as Kaizen?.

Kaizen? is revolutionary because it's the only strategy that lets you add up to three times more money using other people's money. The result? The potential for an additional 60-100% of tax-free income in retirement, without the typical risks associated with leverage.

Kaizen?, along with other forms of LIRPs, were historically reserved for the wealthiest segment of America's population. But that's changing. Companies have begun to re-engineer these programs to mimic the Roth IRA, capturing its tax-free qualities but without the accumulation limitations. The result is a powerful tool for the everyday saver who's looking to maximize their tax-free income.

So, is Kaizen? the right strategy for you? As a fiduciary, I can't answer that question here. It depends on your unique circumstances and goals. But if you're intrigued by the possibilities, I encourage you to learn more about Kaizen? at https://www.myilia.com/kaizen.

Do not let your hard-earned money be at the mercy of unpredictable markets and excessive taxation. Schedule a free 15-minute call with me today to explore the possibilities to secure a more comfortable retirement. It is time to THINK OUTSIDE THE BOX OF CONVENTIONAL FINANCIAL PLANNING!

In addition to scheduling a 15-minute call with me, you will receive a copy of my groundbreaking book:

Alan Porter is the founder of Strategic Wealth Strategies. He is also the author of "Wealth Beyond Taxes," and Co-author of 4 other books. He has been published and viewed in over 362 publications including ESPN, CBS, ABC, CW, and Fox. He is retired Military and has over 37-years of experience in the financial industry. Alan is a CERTIFIED FINANCAL FIDUCIARY. His goal both professionally and personally is protection of the family and their assets. He educates his clients on the financial strategies and vehicles that are used by the wealthy and financial institutions to build a safe and secure financial plan, not only now but in the future and retirement!