Preview Mode Links will not work in preview mode

2025 The Final Drive Podcast

Hi, I’m David Hays, Founder of Comprehensive Financial Consultants and your host for 2025 The Final Drive podcast based on my book, 2025 The Final Drive: What You Need to Win. You can purchase this book at by visiting our website at www.cfci.us. This podcast will help you avoid the biggest risks that will affect your long-term retirement by planning. Much of this planning needs to be done by the year 2025, before taxes go up for good. I will teach you about the impact of our parents’ tax planning and how to break that cycle and create wealth for your retiree income, the risks associated with retiring during bad markets, and how to effectively plan for your longevity.

  1. All Episodes
  2. 2025 The Final Drive S1:E39 - Life Insurance - A Better Investment

2025 The Final Drive S1:E39 - Life Insurance - A Better Investment

Jan 2, 2023

Is Life Insurance a better Investment than an IRA?

What a great topic starting off the New Year!

While life insurance is a protected class in the Internal Code, it is also tax free.

How does this happen?

The advantages of a life insurance policy include a death benefit for your children - leaving a legacy, cash value grows, borrowing against a life insurance policy, and it grows tax free. When looking at your IRA you are limited on your options, including the conversions you need to make into your Roth.

However, with life insurance you have more opportunities: universal life, term, or whole life. If you are worried about changes in the law on ROTH IRA’s, your life insurance planning now can save you later because IRS codes are like whack-a-mole, but the IRS Code 7702 is the most sacred tax code in all the laws.

Listen in to learn more.

https://www.cfci.us/2025-the-final-drive