Why CPAs and Tax Attorneys Call a Max-Funded IUL the "Rich Person’s Roth"
Why CPAs and Tax Attorneys Call a Max-Funded IUL the "Rich Person’s Roth" As a financial strategist with over a decade of experience helping Americans optimize their wealth, I’ve seen one financial tool consistently rise above the rest: the "max-funded Indexed Universal Life (IUL) insurance policy", often dubbed the "rich person’s Roth" by CPAs and tax attorneys. This powerful vehicle delivers all the tax-free benefits of a Roth IRA—growth and withdrawals—while offering four unique advantages that make it a superior choice for building and accessing wealth. Let’s explore why a max-funded IUL, also known as a Laser Fund, is a game-changer for retirement planning and legacy building. Understanding the Four Buckets of Retirement Income To appreciate the value of a max-funded IUL, it’s helpful to understand the four main sources of retirement income, or "buckets," that most Americans rely on: 1. Investment Income (Purple Bucket): This includes IRAs a...