Retirement Contribution Turnaround

Retirement Contribution Turnaround

Joyce, a young doctor just out of medical school, began working at a local hospital.

However, she was concerned about her life insurance coverage and was advised to purchase large cash value policies for both her and her husband. Unfortunately, the combined costs of these policies ate up her discretionary income and she was unable to contribute to her employer’s retirement program.

Upon review, Integrity Advisory recommended the same amount of coverage, but found a policy that cost $17,000 less. With just this one change, Joyce was able to maximize her contributions to the hospital’s retirement plan, allowing her and her husband to begin preparing for retirement while simultaneously lowering their income taxes.

 

 


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