💨 Abstract

A Life Insurance Retirement Plan (LIRP) is a tool that combines life insurance and retirement savings, offering several benefits for securing one's future. Advantages include tax-free loans and withdrawals, flexibility with no contribution caps, protection from market volatility, no Required Minimum Distributions (RMDs), estate planning benefits, and the possibility of adding long-term care insurance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖