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By Parag P. Patel, Esq.
Few people realize that, even though they may have a modest estate, their families may owe the government hundreds of thousands of dollars because they own a life insurance policy with a substantial death benefit. This is because life insurance proceeds, while not subject to federal income tax, are [...]
Your individual retirement account (IRA) can do much more than provide funds for your retirement — it can be stretched to provide millions of dollars in payouts to your children, grandchildren or others you choose to be beneficiaries.
Example: An IRA balance of only $100,000 may provide more than $8 million in future distributions when left [...]
How would you like to make your grandchildren millionaires? Would it put a smile on your face to insure that your great-grandchildren never have to think about money?
Its easy … if you have the discipline and self control to budget annual savings, if you’re right about any number of assumptions and if you read on.
We’re [...]