You’ve reached retirement and may be at a point where you want to shift your investment into more conservative vehicles, but find these don’t provide you with the level of after-tax income you need or want. If this is the case, an income maximization strategy may be the best solution for you to increase income and the inheritance you leave your loved ones.

Income maximization is a technique used to sell or liquidate conservative or fixed interest rate investments, such as certificates of deposit, money market funds, municipal or corporate bonds. The proceeds are used to purchase a Single Premium Immediate Annuity (SPIA) and lock in an income payment for life, which may be more than you need. The excess income is gifted to an Irrevocable Life Insurance Trust (ILIT), which purchases a Universal Life insurance policy with guaranteed coverage for life. Upon your death, the Life insurance proceeds go to your heirs’ estate tax free, replacing the original principal paid into the SPIA.

An alternative solution to maximizing income.

With income maximization you’re able to reposition your assets and reap potential gain returns over time. You’ll have the security and peace of mind of a fixed income and the ability to leverage your inheritance. Please give us a call at (877) 881-0743.