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How to Pre-Fund a Legacy So You Can Enjoy Your Retirement Guilt-Free
Kiplinger Link to more items from this source
June 22, 2021

"A life insurance death benefit is income tax-free. Can't say that about an IRA or 401(k). Both of those get eaten up by income taxes. Not to mention, there are several bills on the hill calling for the elimination of the step-up-in-basis rule, with some exclusions.... The peace of mind is knowing that whatever happens in the future ... my kids will at least get the $1 million life insurance policy. The peace of mind is also knowing that now that the kids' inheritance is planned for, I am free to spend all my retirement money on retirement."

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