IRA Conversion

The Solution

Transfer your IRA assets to a cash accumulation life insurance policy with the potential for yields of 4.5+% over a period of 3-5 years. This will decrease your realized taxation by 75%-100% and guarantee tax-free retirement income. The taxes are paid by the policy using policy loans, thus significantly reducing the out of pocket expense.

The Case

The client had $250,000 in an IRA and had recently retired. The client was approaching the mandatory deadline of 70 years old to begin taking required minimum distributions (RMD) from her IRA. She inquired with StarFort Financial about potential tax efficiencies regarding her upcoming required distributions. We proposed and executed the above solution for the client, and now actively manage it.