All posts by Bruce E Cox CPA

401(k) replacement, Living Benefit Life Insurance, Tax-Free IUL

How Living Benefit Life Insurance Rescued David’s Retirement

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How Living Benefit Life Insurance Rescued David’s Retirement 

David did not put enough away for retirement and was facing a retirement short-fall. The Tax-Free Pension Alternative, also known as living benefit life insurance or the Tax-Free IUL provided a rescue strategy to provide a tax-free retirement income David won’t outlive.

You can use this as a catch up solution if you have not put enough away for retirement.  Qualified plans (IRAs, 401(k)s 403(b)s) have annual contribution limitations- see chart. There are no such limitations with the tax-free retirement plans.  You can set up a tax-free IUL or tax-free pension alternative where you contribute $100,000 a year for 3 to 5 years or longer, so long as the insurance company will accept the amount you want to contribute.

Free retirement plan comparison
Free retirement plan comparison

Retirement Plans are heavily taxed.  Did you know that if you withdraw $50,000 from you 401(k), the IRS could take $20,000?  Did you know if you leave $500,000 in your 401(k) to your spouse or kids, the IRS could take $200,000?  Living Benefit Life Insurance is a little known IRS strategy that the wealthiest top 10% of American Families, including the top 1% have been using for more than 20 years to cut taxes and preserve capital.

Tax-Free IULs are an IRS Alternative To 401(k) and 403(b) retirement plans with no downside risk.

• You don’t lose money when the markets go down!
• Share in Market Upside when Markets go up!
• Earn Reasonable Rates of Return!
• Gains Locked In Annually!
• Tax-Free Penalty Free Withdrawals at any age!
• Tax-Free Income You Won’t Outlive!

Contact us at 800-955-7898 for a personal illustration.

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401(k) replacement, Living Benefit Life Insurance, Tax-Free IUL, Tax-Free Pension Alternative

Control Your Financial Destiny with a Personal Tax Free Retirement Plan.

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Control Your Financial Destiny with a Personal Tax Free Retirement Plan.

Big Government will break your heart if you fall victim to government mandated retirement plan tax-traps.
Big Government will break your heart if you fall victim to government mandated retirement plan tax-traps.

With a personal tax free retirement plan you are in control.  You decide how much to contribute and when to take out your money.  Not the Federal Government.

Retirement Strategies: Your Personal Tax Free Retirement Plan.  Watch the Video it’s a game changer.

Your Personal Tax Free Retirement Plan is better than an IRA, 401(k) or 403(b) retirement plan. You don’t lose money when the markets go down. You share in market upside when the markets go up. You earn reasonable rates of return and gains are locked in. You can access your money tax-free and penalty free at any time for any reason.

You are in control.  You choose how much to contribute (no limitations) and when to withdraw money (no RMDs).

Best kept secret to financial independence - Your tax-free retirement plan Best kept secret to financial independence – Your tax-free pension alternative

The sooner you start the more powerful this strategy becomes.  You can use this as a catch up solution if you have not put enough away for retirement.  Qualified plans (IRAs, 401(k)s 403(b)s) have annual contribution limitations- see chart. There are no such limitations with the tax-free retirement plans.  You can set up a plan where you contribute $100,000 a year for 3 to 5 years or longer.

Free retirement plan comparison Free retirement plan comparison

Retirement Plans are heavily taxed.  Did you know that if you withdraw $50,000 from you 401(k), the IRS could take $20,000?  Did you know if you leave $500,000 in your 401(k) to your spouse or kids, the IRS could take $200,000?  The tax-free retirement plan is a little known IRS strategy that the wealthiest top 10% of American Families, including the top 1% have been using for more than 20 years to cut taxes and preserve capital.

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401(k) replacement, Living Benefit Life Insurance, Tax-Free IUL, Tax-Free Pension Alternative

Beware of Retirement Plan Tax-Traps!

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Beware of Retirement Plan Tax-Traps!

Looming Retirement Plan Tax-Traps could crush your retirement accounts.
Looming Retirement Plan Tax-Traps could crush your retirement accounts.

Conventional wisdom says to max fund your 401(k).  This is a mistake.

Retirement Plans are heavily taxed.

Did you know the IRS can take 40% or more of each IRA, 401(k) and 403(b) withdrawal?

Withdraw $50,000 and the IRS can take $20,000.

Did you know if you leave $500,000 in your retirement plan to your spouse and children,

the IRS could take $200,000?


With the Government taking so much … your money might not last long enough.

There is a better strategy.  It is safe and it works.  I can show you a little-known IRS approved strategy … you can use right now to insulate your retirement from the looming tax traps that lie ahead.


This IRS approved Tax-Free Retirement Plan is better than an IRA, 401(k) or 403(b) retirement plan.

See more at: https://dependable-income.com

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401(k) replacement, Living Benefit Life Insurance, Tax-Free IUL, Tax-Free Pension Alternative

Ever Wish You Could Kick Start Your Tax-Free Retirement Plan?

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Ever Wish You Could Kick Start Your Tax-Free Retirement Plan?

Retirement-Toolbox Video explains How to Jump-Start a Tax-Free Retirement Plan

How to Kick Start a Tax-Free Retirement Plan by using other people’s money to leverage low yielding assets like receivables and inventory to accelerate wealth building and how to effectively convert a taxable IRA, 401(k) and 403(b) retirement plan into a tax-free retirement plan.  Video explains how.

Kick start your tax-free retirement plan using other people's money.
Kick start your tax-free retirement plan using other people’s money.

This tax-free pension alternative is also known as living benefit life insurance or the tax-free IUL.

Many entrepreneurs and small business owners put off saving for retirement.  They wake up one day and realize they have not saved enough.  Qualified plans have Government imposed limitations on the amount you can contribute and the Government tells you when you must start taxable withdrawals.

The tax-free retirement plan has no such limitations.  It can  be structured to allow you to contribute as much as you want, as long as the insurance company will accept the contribution.

A client called this the perfect retirement solution, and a 401(k) alternative.

  • You don’t lose money when the markets go down!
  • Share in Market Upside when Markets go up!
  • Earn Reasonable Rates of Return!
  • Gains Locked In Annually!
  • Tax-Free Penalty Free Withdrawals at any age!

Tax-Free Income You Won’t Outlive!

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401(k) replacement, Living Benefit Life Insurance, Tax-Free IUL, Tax-Free Pension Alternative

Discover How a Tax Free Retirement Plan Creates Wealth

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Tax Free Retirement Plan

Free Retirement Plan Comparison
Free Retirement Plan Comparison

Retirement Strategies: The Tax-Free Pension Alternative.

Discover the power of tax-free compounding with our tax free retirement plans. Access your money income tax free and penalty free when you need it. Living benefit life insurance or the tax-free IUL is truly a wealth accumulator.

There is a little known IRS  strategy that the wealthiest top 10% of American Families, including the top 1% have been using for more than 20 years to cut taxes and preserve capital. The strategy has been known to double, even triple after tax income compared to 401(k) and 403(b) retirement plans.

Tax-Free IULs are an IRS Approved Alternative To 401(k) and 403(b) retirement plans with no downside risk.  This tax-free pension alternative is also known as a tax free retirement plan and living benefit life insurance.

  • You don’t lose money when the markets go down!
  • Share in Market Upside when Markets go up!
  • Earn Reasonable Rates of Return!
  • Gains Locked In Annually!
  • Tax-Free Penalty Free Withdrawals at any age!
  • Tax-Free Income You Won’t Outlive!

More information visit https://www.tax-free-retirement-plans.com

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Living Benefit Life Insurance, Tax-Free IUL

Section 7702 Life Insurance Defined

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Cornell University Law School

Section 7702 Life Insurance Defined

26 U.S. Code § 7702 – Life insurance contract defined

(a) General rule

For purposes of this title, the term “life insurance contract” means any contract which is a life insurance contract under the applicable law, but only if such contract—
(1) meets the cash value accumulation test of subsection (b), or
(2)

(A) meets the guideline premium requirements of subsection (c), and
(B) falls within the cash value corridor of subsection (d).
Read more …
Section 7702 defines life insurance. A properly structured life insurance contract is not taxable when cash values are borrowed or death benefits are paid to beneficiaries.
Section 7702 defines life insurance. A properly structured life insurance contract is not taxable when cash values are borrowed or death benefits are paid to beneficiaries.

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Living Benefit Life Insurance, Uncategorized

Life Insurance Trust Wikipedia

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A life insurance trust is an irrevocable, non-amendable trust which is both the owner and beneficiary of one or more life insurance policies.[1] Upon the death of the insured, the Trustee invests the insurance proceeds and administers the trust for one or more beneficiaries. If the trust owns insurance on the life of a married person, the non-insured spouse and children are often beneficiaries of the insurance trust. If the trust owns “second to die” or survivorship insurance which only pays when both spouses are deceased, only the children would be beneficiaries of the insurance trust.

In the United States, proper ownership of life insurance is important if the insurance proceeds are to escape federal estate taxation.[2] If the policy is owned by the insured, the proceeds will be subject to estate tax. (This assumes that the aggregate value of the estate plus the life insurance is large enough to be subject to estate taxes.)[3] To avoid estate taxation, some insureds name a child, spouse or other beneficiary as the owner of the policy.

Read more …

An irrevocable life insurance trust is a legal way to avoid estate taxes.
An irrevocable life insurance trust is a legal way to avoid estate taxes.

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Living Benefit Life Insurance, Tax-Free IUL, Uncategorized

Life Insurance Wikipedia

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From Wikipedia, the free encyclopedia

Life insurance (or commonly life assurance, especially in the Commonwealth) is a contract between an insured (insurance policy holder)and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the “benefits”) in exchange for a premium, upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the benefits.

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.

Life-based contracts tend to fall into two major categories:

  • Protection policies – designed to provide a benefit in the event of specified event, typically a lump sum payment. A common form of this design is term insurance.
  • Investment policies – where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms (in the US) are whole life, universal life, and variable life policies.

Read more …

Life Insurance Premiums are not deductible. Proceeds are income tax free but included in the taxable estate of the deceased.
Life Insurance Premiums are not deductible. Proceeds are income tax free but included in the taxable estate of the deceased.

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401(k) replacement, Living Benefit Life Insurance, Tax-Free IUL, Tax-Free Pension Alternative

How About No Stock Market Losses and Tax-Free Income for Life?

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How About No Stock Market Losses and Tax-Free Income for Life?

Retirement-Toolbox video shows how to get rid of stock market losses and taxes on retirement income once and for all. That is right, no stock market losses. No more market volatility and sleepless nights worrying about the markets.

What if you no longer had to suffer yo-yo volatility and gut wrenching stock market losses while earning a reasonable rate of return that was tax-free income?

No Yo-Yo Volatility or Stock Market Losses with the Tax-Free Pension Alternative knows as a Tax-Free IUL
No Yo-Yo Volatility or Stock Market Losses with the Tax-Free Pension Alternative knows as a Tax-Free IUL

Would you be OK earning 6% to 9% tax-free on your money with no downside risk? It’s possible with The Perfect Retirement Solution. A Tax-Free Retirement Alternative Plan, also known as Living Benefit Life Insurance or Tax-Free IUL. Historically, these plans have averaged over 8%.

What’s the trade off? In exchange for no downside risk, annual upside is capped, currently 13% to 16%, depending on the index chosen and the Insurance Carrier. This means you earn up to the cap rate in any given year. Gains are locked in annually, so you never give back profits already earned.

None of Our Clients lost money in their tax-free pension alternative. Their money was safe and secure.
None of Our Clients lost money in their tax-free pension alternative. Their money was safe and secure.

During the market melt down of 2008, the S&P 500 and Nasdaq Indexes were down about 40%, but none of our clients lost money due to market volatility. Zero was their hero. Their money was safe and secure, and their income steady and reliable.

Remember 2008 Financial Market Melt Down?
Remember 2008 Financial Market Melt Down? It could happen again.
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401(k) replacement, Living Benefit Life Insurance, Tax-Free IUL, Tax-Free Pension Alternative

ELIMINATE TAX-TRAPS & KICK YOUR FUTURE RETIREMENT UP A FEW LEVELS

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ELIMINATE TAX-TRAPS & KICK YOUR FUTURE RETIREMENT UP A FEW LEVELS

Entrepreneurs, Small Business Owners and High Earners you can eliminate Tax-Traps and kick your future retirement up a few levels … where the money is staggering and lifestyle options are mind blowing.

IRAs, 401(k)s and 403(b) retirement plans are heavily taxed and could cost you hundreds of thousands of dollars. So, skip the 401(k) herd mentality leading you to a tax slaughter. Discover an under the radar, little known IRS Strategy used by America’s wealthiest families to cut taxes and preserve capital.

The Strategy works. It is a tax-free IUL or living benefit life insurance. This tax-free retirement alternative has been called the perfect retirement solution.

• You don’t lose money when the markets go down, so you are never digging out of an investment hole!
• You Share in Market Upside when Markets go up, up to a cap rate currently 13.0% to 16.0%!
• You’ll Earn Reasonable Rates of Return!
• Your Gains are locked in annually, so you never give back profits already earned!
• Tax-Free Penalty Free Withdrawals at any age, the ultimate tax shelter!
• You can generate a Tax-Free Income You Won’t Outlive!

So, not only do you eliminate taxes you also get rid of yo-yo volatility and stock market losses once and for all.

New quick read eBook Explains How It Works

Kindle version $2.99 

Free download and more videos https://www.bruceecoxcpa.com/

• So, if you hate paying taxes and hate even more losing money in the stock market, pay close attention.
• If you are worried you won’t have enough money to enjoy your retirement, this strategy will help you generate a tax-free income you won’t outlive.
• If you want to implement a gifting strategy for your children or grandchildren, the tax- free IUL is a vehicle that can keep on giving with a lifetime of tax-free income.
• If you like the idea of having a tax-free emergency fund to tap as needed, the tax-free retirement plan is for you.
• If you would like to be your own bank, funding big ticket items with retirement funds, paying interest to yourself rather than a bank, this could work for you.

Fortunately, the quick and easy to implement tax-free retirement solution addresses all of the above.

Eliminate stock market losses and retirement taxes with a tax-free pension alternative
Eliminate stock market losses and retirement taxes with a tax-free pension alternative
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