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Thread: Universal Life As A Tax Shelter
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Old 12-19-2021, 07:58 PM
retiredguy123 retiredguy123 is offline
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Originally Posted by rjm1cc View Post
Do not know your needs. For me the last place I would look for a tax shelter would be an insurance company product. Look at a ROTH
I agree. Life insurance is not an investment or a tax shelter. If you have assets in a traditional IRA, you can convert it to a Roth, pay the taxes, and your heirs can inherit the money tax free and they will avoid the hassles of dealing with taxes on an inherited IRA.