Life Insurance? Roth IRA? What You Need to Know! | Retirement Talk Ep 8 – LaTour Asset Management

Описание: Roth IRAs vs. Life Insurance: Which is better for tax-free retirement income? In this episode of Retirement Talk, Jim Margraf and Josh LaTour break down the pros, cons, and key strategies behind Roth IRAs and Index Universal Life (IUL) policies. Learn how to maximize contributions, avoid common tax pitfalls, and structure a retirement plan that works for your goals—whether you're a high-income earner or just getting started. Don't miss this essential guide to building a secure, tax-efficient retirement.

Timestamps:
00:02 - Intro: Life Insurance and Roth IRA overview
01:24 - Client success stories and retirement peace of mind
03:11 - Importance of a written retirement plan
03:37 - Understanding the tax-free income bucket
04:25 - Roth IRA limits and life insurance as a supplement
05:13 - Common tax misconceptions in retirement
06:34 - Why reducing income isn't the goal
07:11 - Roth IRA basics and five-year rule
08:36 - Why Roths are more valuable in rising tax environments
09:02 - Roth conversions for high-income earners
10:15 - Maxing out Roth 401k and IRA contributions
11:29 - Catch-up contributions for those 50+
12:14 - Misunderstanding max contribution vs. employer match
13:33 - Real-life client example of maxing Roth 401k
14:27 - Roth IRA contributions alongside 401k
15:10 - Backdoor Roth strategy explained
15:58 - Solo 401k advantages for self-employed individuals
16:52 - Strategy: Roth vs. traditional IRA after employer match
17:46 - More investment options and professional management
19:18 - Starting the Roth IRA five-year clock
20:29 - Using life insurance for tax-free retirement income
21:30 - Life insurance loans and tax-free withdrawals
23:01 - No age or contribution limits with life insurance
23:57 - Importance of proper policy design and fiduciary advice
25:05 - Avoiding MECH status and losing tax advantages
25:54 - Why personalized advice matters
26:47 - How to contact LaTour Asset Management

📞 Have questions? Need advice? Contact us to set up a consultation today!

👉 Call us at 417-614-5402
👉 Visit us at https://latourasset.com

Don't forget to subscribe to our YouTube channel for more financial tips and insights!

Let us know your thoughts on the topics discussed or give us any feedback to make the future episodes better!

#FinancialPlanning #RetirementPlanning #WealthManagement #EstatePlanning #LegacyPlanning #FinancialAdvice #FinancialEducation #MoneyManagement #InvestmentStrategies #Trusts #Wills #Probate #FinancialAdvisor #Retirement #Taxes #Inheritance #IRA #LifeInsurance #FamilyLegacy #FinancialSecurity #FuturePlanning #retirement #retirementplanning #TaxPlanning #TaxCutsAndJobsAct #JimMargraf #JoshLaTour #Springfield #Missouri

Investment Advisory Services offered through LaTour Asset Management, LLC, an investment advisor in the states of Missouri, Arkansas, Texas, and Alaska, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Insurance products and services offered through LaTour Advisory Group Inc.  LaTour Asset Management, LLC and LaTour Advisory Group Inc. are affiliated companies. LaTour Asset Management, Joe LaTour, Jim Margraf, and Josh LaTour are not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be considered legal, tax, or investment advice. Investing involves risk, including possible loss of principal. Always consult a qualified advisor before making financial decisions.