Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

Maximize Your Legacy with Smart Life Insurance Strategies

4 Sept 2024 · 0 min

Watch on YouTube

0:25

This YouTube video features Craig Wear, CFP® discussing strategic uses of life insurance for both meeting future income needs and enhancing estate/legacy outcomes. He notes life insurance may be appropriate depending on a person's health and age, or when converting IRA assets that won't be used into larger legacies for family; he stresses moderation in applying these strategies.

Part of the bottom line to me is that if you have an income need later, which is one of the reasons, then you should consider it as a possibility to look into, depending on your health and your age. Or if you're trying to take money that you're never going to use in the IRA and created an even bigger legacy for yourself and for your family, that'd be another reason to use insurance. But I think in all these, moderation is the key.