When planning for retirement, individuals may have many questions; how much can they contribute to their retirement plan? At what rate will they be taxed when they start taking money out? Whether they elect to fund a 401(k) through their employer or buy a life insurance policy specifically designed for retirement income, there are many pros and cons to consider.
In this episode of Money Script Monday, Sal compares two retirement plans, one through the government and one through a life insurance carrier, and explains the benefits and shortfalls between the two.
Resources Provided for This Episode
Want consumer-friendly videos sent to your inbox every week? Sign up to receive to receive LifePro's weekly Money Script Monday video series providing financial clarity, dispelling myths, and showing you how money works in 10 minutes (or less). Subscribe now!
Have any questions? Give us a call at 888-LIFEPRO or email us at info@lifepro.com.
Want to learn more about how we can help with your unique financial situation? Fill in your contact information below, and we'll get started right away!