Taxes

Most people have heard it said that nothing is certain except for death and taxes. However, most people probably don’t realize how literal this statement is.

For example, if you have a large estate when you pass away, the value of your estate above an exemption amount is subject to an estate tax. This means some people can’t even avoid taxes by dying.

While many realize that state and federal taxes take a large bite out of their paychecks, most people don’t realize that there are taxes for more than just the money you earn.

An important part of accumulating assets is to plan and strategize to help minimize the effect of those taxes on your financial goals.

Types of Potential Taxation

Most people have heard it said that nothing is certain except for death and taxes. However, most people probably don’t realize how literal this statement is.

For example, if you have a large estate when you pass away, the value of your estate above an exemption amount is subject to an estate tax. This means some people can’t even avoid taxes by dying.

While many realize that state and federal taxes take a large bite out of their paychecks, most people don’t realize that there are taxes for more than just the money you earn.

An important part of accumulating assets is to plan and strategize to help minimize the effect of those taxes on your financial goals.

Types of Potential Taxation

Retiring Edu DBA For Teachers Financial & Insurance Solutions

Retiring EDU is an Insurance Firm that offers retirement income and protection strategies using life insurance and annuity products. Our services focus on the financial needs of educators and school employees, and include a complimentary pension analysis. Our licensed insurance professionals are independent and can offer a wide array of insurance products and services to help meet your unique needs. CA insurance license #6012432.

We are not affiliated with any educational or government agency, and do not provide investment, tax or legal advice. Always consult with your own qualified investment and tax/legal advisors.

Insurance and annuity products are not suitable for everyone. They involve fees and charges, including possible surrender penalties. Optional benefits and riders may involve additional annual cost. Life insurance involves medical and often financial underwriting to qualify.

Life insurance loans and withdrawals will reduce policy death benefits and cash values and may cause the policy to lapse or require additional premiums to keep the policy in-force.

Annuity withdrawals are subject to ordinary income taxes, and potentially a 10% IRS penalty before age 59-1/2. Product feature and availability may vary by state.

Fixed indexed life insurance and annuities are not investments in the market or index. The interest credited on your contract may be affected by the performance of an external index. However, your contract does not directly participate in the index or any equity or fixed interest investments. You are not buying shares in an index. Interest credits are subject to limits set by the issuing company, such as caps, spreads and/or participation rates. Guarantees are backed by the financial strength of the issuing company.