What is Lifestyle Planning?
Lifestyle planning is designed for those desiring to supplement their retirement with a tax-free income stream. When properly designed, a lifestyle plan can generate a significant portion of lifestyle income during retirement on a tax-free basis.
Lifestyle planning provides a unique asset class that allows an individual to receive a tax-free income stream, much like a Roth IRA, and has no limit on contributions. While this asset is primarily utilized for income, a tax-free death benefit is also distributed to beneficiaries.
Top Reasons For Lifestyle Planning
Tax Free – Regardless of the current tax code, a properly designed lifestyle plan provides a tax-free income stream.
No Limits – Unlike traditional retirement plans, a lifestyle plan has no contribution limits and no income restrictions on the contributor.
Diversity – Provides an asset class that has no exposure to market downside, while still having significant upside potential.
ROI – An asset class for high earners that can provide an attractive, tax-free return on investment.