The most common fear today is the fear of outliving one’s resources. In fact, statistically, most people will live longer than their resources will provide. One of the ways to combat this issue is to create a guaranteed lifetime income you cannot outlive.

Your guaranteed lifetime income should be separate from Your IRA or 401K. With IRAs and other retirement accounts, the government owns a large portion of those funds in the form of ongoing Required Minimum Distributions (RMDs) with taxes on those funds that must be paid as funds are withdrawn. Unfortunately, we cannot control market timing and market risk when we are required to take those funds. Additionally, there are annual fees on these accounts which are significant over time, so the impact of these factors is unknown on the funds you will actually have access to.

Studies show that people who have guaranteed Income are happier and live longer!

Of course there are many options for short term growth, income and tax deferral. There are literally hundreds of companies competing with one another, and yields can be far greater than bank CDs. Many safe and reliable ways are available to have predictable growth, safety, tax deferral and shorter-term guaranteed income.

TAX-FREE INCOME: The BANK ON YOURSELF plan.

There is a little known type of life insurance, uniquely designed for tax-free living benefits. In addition to providing a legacy, this type of whole life policy can provide a future stream of tax-free income, as well tax-free use of funds within the policy.

The Bank on Yourself (or Infinite Banking System) is only offered by certified Bank on Yourself advisors, as the structure of these policies is unique and must be created specifically for each individual, based on his or her unique situation, resources, and goals.

These accounts can provide retirement income, healthcare costs, business needs, college planning, legacy planning and more. Most importantly, they offer access to tax-free cash when you need it.

Creating a tax-free retirement income stream is one of the major benefits of this unique account.

You can request an appointment to learn more about Bank on Yourself to see if it is a good fit for you: FindOutMoreNow.com Passcode LC77

What would happen if you had a health issue and needed long term care?

Medicare does not cover chronic care and only part of the expense of home health care. Assisted Living and Nursing Home costs have skyrocketed. Greater longevity and medical innovations prolong our lives and increase the possibility of needing care.

Health care costs may be the ticking time bomb in your portfolio!

Everyone needs to give serious consideration to health care costs. Families’ wealth can be destroyed when there are no provisions for future health care. In fact, millions of families today depend on children or relatives providing care, when inadequate funds cannot cover these expenses.

Transferring the long term care risk can give you peace of mind, and may help you not outlive your resources.

Today, in addition to traditional long term care plans, there are many new options for long term care that are part of other investments. For example, a guaranteed lifetime income account may come with a health care benefit. A life insurance policy may have some health care benefits, or a rider to cover healthcare costs.

These combination accounts can provide safety, growth and healthcare benefits all at the same time.