Investing in or purchasing a tax-deferred vehicle means your money can compound interest for years, deferring income taxes income taxes and providing the potential to earn interest at a faster rate. Few financial vehicles avoid taxes altogether. Insurance products only allow you to defer paying them until retirement - when you may be in a lower tax bracket.

Please note that withdrawals will reduce the contract value and the value of any protection benefits. Additional withdrawals taken within the contract withdrawal charge schedule will be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to 591/2, may be subject to a 10 percent federal additional tax.

IRA accounts have become one of the largest types of assets inherited by beneficiaries. If you don't anticipate needing your IRA money in retirement, you may wish to consider a legacy-planning strategy that potentially reduces taxes and potentially increases the payout your beneficiaries will receive upon your death.

A properly structured IRA may provide your beneficiary(ies) a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiary's lifetime.

We can help you evaluate your financial situation to determine if IRA-legacy planning could help you meet your goal of structuring a long-lasting inheritance for your heirs.

Your investment advisor is not permitted to offer, and no statement contained herein, shall constitute tax, legal or accounting advice. You should consult a legal or tax professional on any such matters.