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Life Insurance vs. Roth IRAs

October 15, 2020

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There is one thing we can all agree on: 2020 isn’t the year we hoped it would be. We also realize that this year’s pandemic has forced many of you to revisit your estate planning, which might not have been at the top of your New Year’s Resolution list. A hot topic regarding estate planning and retirement saving is life insurance vs. Roth IRAs.

Both life insurance and Roth IRAs have something in common: they are wealth transfer tools that help facilitate an efficient transfer of assets from one generation to the next and can provide a tax-free legacy. And yet, they are very different because they play by different rules.

Today, Dennis and Heidi will give you three important differences between the two along with tips on how to investigate both!

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1105 E. Eighth St.
Traverse City, MI 49686

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Check the background of the Firm and the Investment Professional(s) on FINRA’s BrokerCheck.
Advisors associated with Prout Financial Design may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of Capital Asset Advisory Services, LLC. dba CG Advisory Services; or (2) solely investment advisor representatives of Capital Asset Advisory Services, LLC. dba CG Advisory Services, and not affiliated with LPL Financial. Investment advice offered through Capital Asset Advisory Services, LLC. dba CG Advisory Services, a registered investment advisor. Capital Asset Advisory Services, LLC. dba CG Advisory Services and Prout Financial Design are separate entities from LPL Financial.

Dennis Prout and Nathan Prout are solely investment advisors and representatives of Capital Asset Advisory Services, LLC., CG Advisory Services, and is not affiliated with LPL Financial.

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