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Welcome to Chestnut Capital's Tax-Free Income Planning
Future taxes are going to be higher due to outside forces beyond our control. The US national debt has been increasing over the years and is a topic of concern for many. As of the latest data available, the US national debt stands at a significant level. The debt can be influenced by various factors such as government spending, economic conditions, and fiscal policies. The aging of the Baby Boomer generation will further exacerbate the issue because of the reliance on social security, Medicare and Medicaid programs. Rather than sit idly by, now is a great opportunity for high net worth families to create a tax-free income plan.
High net worth families are using life insurance as a planning tool for increasing income taxes for several reasons:
1
Tax-Deferred Growth: Cash value life insurance policies allow for tax-deferred growth of the cash value component. This can be beneficial for high net worth individuals looking to grow their wealth without immediate tax consequences.
2
Tax-Free Death Benefit: The death benefit of a life insurance policy is typically paid out tax-free to the beneficiaries. This can be a valuable estate planning tool to provide liquidity to pay estate taxes and other expenses without creating a tax burden for the heirs.
3
Estate Tax Planning: Life insurance can be used as a way to provide liquidity to pay estate taxes upon the passing of the policyholder. This can help preserve the family's assets and prevent the need to sell assets to cover tax liabilities.
4
Income Tax-Free Loans: Policyholders can access the cash value of a life insurance policy through tax-free loans. This can be a source of supplemental income without triggering income taxes.
Overall, life insurance can be a versatile financial tool for high net worth families to mitigate the impact of increasing income taxes and plan for their financial future. Chestnut Capital, LLC can help you find out which are the highest performing life insurance policies available on the market, and the advance strategies on how to use them to accelerate your wealth.
Track the current US Debt here:
See Why High Net Worth Families Are Adding a Tax-Free Finance LIRP Plan
Would you rather have the income of Client A, Client B or Client C?
Our Services
Life Insurance & Family Office Consulting
Employee Retention Strategies
Buy/Sell Planning
Key Person Coverage
Executive Bonus Planning
Estate Planning
Meet James Petrinovich
Founder of Chestnut Capital
At the age of 4, Jamie unofficially began his career by helping his father put together marketing folders. Now, after being licensed for over 20 years, Jamie has become a seasoned veteran and has a deep desire to provide his clients with the best possible solutions. He has dedicated his career to assisting high net worth families in planning for a brighter future. Jamie can also aid businesses in rewarding and retaining their top-performing employees using sophisticated planning techniques.
Not only does Jamie take pleasure in working with his own high net worth clients throughout the nation, but he also shares his cutting-edge solutions with other advisors across the country. By empowering other advisors with the necessary tools and knowledge, Jamie and his team are ensuring the continued success of their most valuable clients.
As a former member of the distinguished Forum 400, Jamie’s production has also qualified him for the Million Dollar Round Table. He has forged relationships with some of the preeminent thought leaders and producers in the industry. Jamie continues to stay active in the industry by hosting and attending invitation-only peer group meetings from coast to coast, in an effort to continuously grow as an industry leader. For that reason, he has been nominated and serves on the advisory board for one of the country’s largest life insurance carriers.
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