Life Insurance

Retirement Taxes: What is Tax-Free* Income?

Tax-Free Retirement Strategies

Is it possible to retire tax-free*? There are certain tax strategies that could provide you with tax-free* income. For instance, an indexed universal life insurance policy may offer tax advantages that other policies do not.

IULs can be used:

For reducing taxes
To earn more income in retirement
To protect your money against loss

Strategies for Income and Taxes With an IUL

Taxes generally apply to earnings on certain retirement financial vehicles. Also, taxes usually apply when you withdraw money from these vehicles. However, IULs, are taxable differently from other types of life insurance. Although an IUL can be linked to an index, it does not actually invest in the stock market. Therefore, your funds are also safe. As a result, an IUL may provide tax-free* retirement income. Each policy has certain conditions and terms. We can help you determine what options you have regarding retirement taxes.

Is An IUL Suitable For Retirement?

If you are contemplating an IUL, Flying Eagle Financial can assist you. If you have any current policies, we can evaluate them and provide guidance. To get started, here are some questions to consider about retirement taxes.

Will taxes rise in the future?
Can I offset rising taxes in retirement?
Is my beneficiary required to pay taxes?
Should I pay taxes now or pay a higher tax later?

Explore Your Options

There are several benefits to IUL. Nevertheless, the impact of future tax rates on your retirement is uncertain. However, you can plan ahead. IULs are one option to consider. Many retirees feel comfortable using an IUL as part of their tax strategy since their principal is safe from market fluctuations, and their income grows tax-free*.

We offer a “Greenline” and a “Tax-Free Retirement” workshop for those who want to learn what their options are.

Contact us to find out to explore what options are available to you regarding retirement taxes.

Contact Info

Our Services

Our Company

1425 Boyson Road
Hiawatha, IA 52233

3336 Kimball Avenue, Suite 250
Waterloo, IA 50702

2550 Middle Road, Suite 300
Bettendorf, IA 52722

1052 University Avenue, Suite 1
Dubuque, IA 52001

1111 S. Alpine Road, Suite 207
Rockford, IL 61108

6600 Westown Parkway, Suite 30
West Des Moines, IA 52066

*Proceeds from an insurance policy are generally income-tax-free, and if properly structured, may also be free from estate tax. Income-tax-free distributions are achieved by withdrawing to the cost basis (premiums paid), then using policy loans. Loans and withdrawals may generate an income tax liability, reduce available cash value, and reduce the death benefit, or cause the policy to lapse. This assumes the policy qualifies as life insurance and is not a modified endowment contract. The Host and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. This content is not intended to serve as the basis for any investment or purchasing decisions, nor does it recommend or involve the purchase, holding, or sale of a security. All figures herein are hypothetical and for illustrative purposes only to explain general concepts. No figure is to be relied upon as being accurate nor a guarantee or projection and is meant only as a partial overview of some relevant features and benefits of general insurance products that may be in the marketplace, and whose availability will be dependent on the State of residence of the consumer, and their individual suitability for the product they are wanting to purchase. Where insurance products are mentioned, any and all guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

IMPORTANT CONSUMER INFORMATION
This site is for informational purposes only and is not intended to be a solicitation for or offering of any product or investment. The offer for sale of an insurance product may only be conducted in a state where the agent is licensed and the product is approved for sale. The providing of investment advice relating to securities may only be done by a properly licensed individual operating through a licensed affiliate entity, unless otherwise exempt. Comments about past performance are not to be construed as a guarantee or assurance of future performance. This website may contain concepts that have legal, accounting and tax implications. We do not provide specific legal or tax advice, nor promote, market or recommend any tax plan or arrangement. Consult a tax/legal professional for guidance with your individual situation. No representations are made as to the accuracy or completeness of the information contained herein or any information contained in any link provided herein, nor does a consumer visiting the website create an agent-client relationship.

By contacting Flying Eagle Financial IA Ins Lic# 249040/Kelly Campbell IA Ins Lic #19643763, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.