Tag Archives: life insurance
Spousal Lifetime Access Trust (SLAT)
401(k)’s and IRA’s are wonderful retirement vehicles that create tax-deferred savings and are not subject to income tax until withdrawn. Most, if not all of those withdrawals occur in retirement when theoretically your income tax rates are lower. However, with … Continue reading
Interest Rates and How They Affect Your Insurance Policies
As you are aware, we have been at historically low interest rates for some time now. What many people do not know, is that these low rates have drastically affected the performance of their insurance policies. Some have been affected … Continue reading
Taxation of Employer-Owned Life Insurance
Several years ago, Walmart used to buy life insurance on many of its employees and Walmart was the owner and beneficiary of the policies. Eventually, Walmart was sued by some of the employees’ heirs claiming that they were never aware … Continue reading
New Medicare Tax
Beginning in tax year 2013, a new Medicare tax of 3.8% will be applied to all unearned income of high income tax payers. “High Income” is defined as married couples with more than $250,000 of Adjusted Gross Income (AGI) and … Continue reading
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