If you already have your TFRA (Tax-Free Retirement Account) or L.I.R.P. set up correctly, you know not to worry about market downturns. If you haven’t yet secured your retirement, it’d be in your best interest to keep reading.
What is a TFRA/LIRP and how can it protect my retirement?
A tax-free retirement account, also known as a LIRP (Life Insurance Retirement Plan) is a safe retirement solution, often used as a retirement add-on, that can offer supplemental retirement funds that are not taxed when withdrawn similarly to a Roth IRA, stays protected from market downturns, don’t have an age limitation, income or amount participation limits like a Roth does, no minimum distribution requirements and grows tax free as it gets contributiins into it with after-tax dollars.
More info on TFRA/LIRP (continue)
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