Are You a Business Owner
Are You a Business Owner?
Then It is Important you read this...
Most Business Owners are working so hard to build their business get consistent cash flow through business and grow their existing business to grow there networth and Business empire
What worries them most is paying high taxes and how to minimize their taxes and keep more money to them and less in taxes.
There are ways you can take advantage by taking deduction and depreciation and With help of QBI.
Let me tell you it does not have to be like this, Even You are not qualified to get QBI.
Supplemental life insurance for retirement planning is an ideal strategy for business owners. This concept involves a business owner purchasing a cash accumulation, permanent life insurance policy with after-tax dollars. Over time, the policy will generate cash values that can be accessed on a tax-free basis during retirement, while providing asset diversification and reducing exposure to business risks.
How it works:
The Business Owner SLIRP concept
involves a business owner purchasing
a cash accumulation, permanent life
insurance policy with after-tax dollars.
Over time, the policy will generate cash
values that grow on a tax-deferred
basis.
As cash values grow during the
business owner’s working years, the
business owner is creating a source of
assets that can be accessed on a tax-free basis during retirement through
cash withdrawals
Why is it useful?
? Policy provides retirement cash
fl ow without administrative costs
or reporting
? Annual contribution, vesting, and
participation limits do not apply
? Provides asset and income tax
diversify cation
? Protection from business risks
? Cash surrender values grow on
a tax-deferred basis and can be
accessed income tax-free*