Up & Coming Weekly

September 16, 2014

Up and Coming Weekly is a weekly publication in Fayetteville, NC and Fort Bragg, NC area offering local news, views, arts, entertainment and community event and business information.

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14 UCW SEPTEMBER 17-23, 2014 WWW.UPANDCOMINGWEEKLY.COM October 4, 2014 8 a.m. to 5 p.m. Firearm & Tactical Supply Vendors Public Safety Displays Zombie Airsoft House & Bounce Houses For Kids And More Food and Fun... Tickets: $7 Adults, Under 10 Free 910.208.4383 • TheRangeComplex.com Benefits tactical officers wounded or killed in the line of duty. The life insurance industry has the best IRS-approved retirement savings plan today — and most investors know nothing about it. This retirement savings vehicle is not a pre-tax qualified, 401(k)-type plan, a Roth IRA, an annuity or whole life. It is the financial industry's No. 1 secret — Indexed Universal Life. The ugly truth is that the 401(k) is a lousy idea, a financial flop, a rotten repository for our retirement reserves . . . The solution: a new type of insurance. Retirement savings, it turns out, are exactly the type of asset for which we need insurance. We need insurance to protect against risks we can't predict (when the market collapses) and can't afford to recover from on our own. You insure nearly every other aspect of your life: your health, your home, your vehicles. Why not protect your safe, comfortable retirement against the risks we can't predict and can't afford to recover from on our own, and why not cut out the tax man in the process? These are all legal, and totally above board, established life insurance principles. It may sound too good to be true, but it's just what life insurance is and does. Yet the general public — and even many financial advisers — have absolutely no idea that a tax-free, market-risk-free, gains-locked-in, Congressionally-approved solution has been sitting right under their noses for 14 years. Let's lay out the basic principles of Indexed Universal Life. Indexed Universal Life's basic principles: 1. The money grows tax deferred, access so it is tax free, and it does not affect taxation of Social Security. This alone can save you thousands of dollars in taxes. 2. Guaranteed by contract never to lose money due to a market loss. IULs are not tied to the market but linked to the market by a selected index and all gains (subject to a cap) are locked in. 3. Historical returns, based on actual illustrations from the top carriers going back to the late 1980s, are usually somewhere between 7-9 percent, mean actual interest rates of return. 4. The death benefit is paid out to the beneficiary tax-free. 5. Many parents use the cash value in the IUL to fund college. There are many more benefits to the IUL than those fantastic benefits listed above. It looks like odds are good that Indexed Universal Life may offer you roughly two to three times the amount of benefit over conventional investments, depending on the actual index returns and your tax bracket. This is a result of protection of principal against market losses, the indexing,and legally cutting out the tax man. You have harnessed what Einstein called one of the most powerful forces in the universe: compounding interest. Read more: http://www.foxbusiness.com/personal-finance/2012/02/22/ legally-cutting-out-tax-man-in-retirement/#ixzz2eOvEEssz 1 Gandel, Stephen (2009, October 9). Why It's Time to Retire the 401(k). TIME. Retrieved from http://www.time.com/time/magazine/ article/0,9171,1929233,00.html. Cutting Out the Tax Man a STAFF REPORT We need insurance to protect against risks we can't predict (when the market collapses) and can't afford to recover from on our own . Log on. Plan a getaway. Let yourself unplug. a we b s ite to ta ke yo u to pl a c e s wh e re th e re a re n o we b s ite s . NC Tourism_Ad Layouts_4C_NEWS_9.88x10_FINAL.indd 3 6/4/14 4:45 PM

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