IRA Rescue Plans

IRA Rescue Plans
December 12, 2018

IRA Rescue Plans

While most individuals will establish an IRA account because of the tax benefits, they often don't realize that their plan is front-loaded. While this can cause a wide variety of problems decades into the future when you retire, this can lead to undesired financial stress for both you and your loved ones if not properly accounted for. To avoid this, Anchor Financial Group provides IRA Rescue Plans as a viable solution that can help protect your retirement investments. With the wide variety of life insurance plans available, choosing the right one for your specific needs can seem daunting. As a respected and knowledgeable brokerage firm in Tulsa, Anchor Financial Group can help you determine which plan most closely meets your needs. We have access to many different plan options at an affordable price, giving you the peace of mind you are looking for without the added financial stress.

The most common problem that retirees face is that traditional IRA distributions are taxed the same as normal income. While the common assumption was that when you retire you would be in a lower tax bracket, that isn’t always what happens due to changing tax brackets. Even worse, you have no idea of knowing what future tax brackets may look like. Even worse, required minimum distributions can eliminate the key benefits of utilizing an IRA in the first place.

IRA Rescue Plans simplify the process of passing on your wealth to your designated beneficiaries when they would otherwise be lost by incorporating life insurance. For this plan, a policyholder will transfer money directly from their IRA to an insurance carrier to pay a life insurance policy premium. After the policy has been leveraged, the policyholder will then have access to the cash value tax-free, or pass on death benefits to their beneficiaries.

IRA Rescue Plans
Anchor Financial Group has the experience and knowledge necessary to successfully set up your IRA Rescue Plan. Securing a future that includes your retirement goals and the financial security you want for your loved ones doesn't have to be challenging. We can help get your financial planning on track with our IRA Rescue Plans.

Ready to Get Started?

If you are ready to focus on your financial planning, the Tulsa financial planning experts at Anchor Financial Group are ready to assist you. As a Veteran-owned brokerage firm, we always look out for the best interest of our clients. Please call us at (918) 591-2880 to get started or Contact Us and a friendly member of our staff will reach out to you promptly. We look forward to assisting you in achieving your financial goals in Tulsa.

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