Discusses strategies for minimizing tax liabilities, leveraging deductions, and understanding the tax implications of VA benefits.
In this blog post, we will explore the contracting relationship between insurance brokerages and carriers and explore the application process for purchasing life insurance. We will also discuss the benefits of life insurance and the tax implications associated with it. The Role of Insurance Brokerages Insurance brokerages, such as US VetWealth, play a crucial role in…
Retirement comes with its own set of financial challenges, especially when it comes to managing your income and minimizing taxes. In this blog post, we will delve into the world of tax-free income options after retirement, specifically focusing on the experiences and advice shared by Trevor, Scott, and Mike, experts in financial planning for military retirees….
In this discussion: Ready to maximize your pension and benefits with our Wealth Insurance Strategy? Our Military Retirement Blueprint offers the training, strategies, and planning you need – including a free digital copy of Scott’s latest book: Don’t Forget Your War Chest – A Guide to the Military Retiree’s Survivor Benefit Plan Alternatives. Access our…
Mike, Scott, and Trevor discuss the benefits of permanent life insurance plans, like universal life insurance, compared to term life insurance for high performers and high-income earners. Permanent life insurance plans can provide higher returns of 6% to 8% annually with zero downside risk, tax-free growth, and more control. They note that term insurance is…
Understanding the Best Type of Money for Military Retirees: The Private Pension Strategy As a military retiree, it’s important to understand the different types of money that are available to you in order to make the best decision about the Survivor Benefit Plan (SBP). While free money, tax-free money, tax-deferred money, and fully taxable money…
One of the biggest mistake Veterans make with their old whole life insurance policies is not realizing that it’s possible that a cash surrender value is taxable. This is completely avoidable because you don’t have to surrender a cash value life insurance policy to get access to your money. In fact, there’s a good reason…
Your Biggest Lifetime Expense: Taxes on Military RetirementThere is one major problem that everybody ignores, yet I think that this is the greatest cost over any individual’s lifetime and the greatest risk to the American people and the American way of life: taxes. I encourage you to understand the true history of the tax code…