#tax-strategy

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Business Insider
2 weeks ago
Privacy professionals

How rich Americans use life insurance to save on taxes and protect their kids' inheritance with this neat trick

Life insurance in a trust can protect assets from estate taxes, allowing wealthy individuals to pass on wealth without liquidating estates.
Using an irrevocable life insurance trust (ILIT) can save ultra-rich taxpayers millions in estate taxes. [ more ]
24/7 Wall St.
4 weeks ago
Business

I'm 38, finally debt-free, and making over $300k - should I start contributing to a Roth 401(k)?

Understanding Roth 401(k) benefits is crucial for strategic retirement planning, especially for high earners like Sarah. [ more ]
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