BuildWealthWithoutThird-PartyFees
InfiniteBankingTax-PlanningGuide:
IOwnMyBankhasaguide thatexplainstheinfinite bankingconcept,whichuses theaccruedequityofwhole lifeinsurancepoliciesas dividend-payingassets.
Youcanusesuchpolicies togenerateliquidcash valuethatyoucanusefor makinglargepurchases, savingmoney,and reducingyourtaxes.
Fromtheguide,you'lllearn aboutacenturies-oldstrategy thathasbeenusedbyfamous entrepreneurstogrowand protecttheirwealthby reducingtheirtaxes.
Infinitebankingleveragesthe equity-accrualcapabilitiesof wholelifeinsurancepolicies.
Bymakingregularpaymentsintothese policies,youcanaccumulateequitythat youcanborrowagainstformajorexpenses liketuitionorbuyinganewcar.
Becausethisequityaccruesonatax-deferredbasis,youwon'thavetopay taxesonaccumulatedinterestanddividendswithinyourpolicyaslongasit remainsineffect.
Ifyouwithdrawaloanfromthepolicy’scashvalue,itwon’tbeconsidereda taxableeventbecauseyou'retechnicallyborrowingfromthelifeinsurance company.
Learnmoreat https://www.iownmybank.com/blog/ b/taxes