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                            Tax Free Wealth Accumulation


                            Roth IRA: Unlike a traditional IRA, you don’t get to defer taxes on the income you contribute to a Roth IRA. But the upside is that when you reach retirement age, you can generally make withdrawals income tax free. And if you die with money still in the account*, your beneficiaries also won’t pay taxes when they make withdrawals (but could still be subject to estate taxes).

                            Life insurance: Life insurance death benefits pass to beneficiaries income tax free, and it provides other advantages as well. You can leverage permanent life insurance cash values while living for a variety of strategies. (The cash value in a life insurance policy is accessed through withdrawals and policy loans, which accrue interest at the current rate. Loans and withdrawals will decrease the cash surrender value and death benefit.)

                            Disclosure

                            Swapan Munshi is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of CA (CA Insurance License #0K77128), IL, IN, and TX. No insurance business may be conducted outside the states referenced.

                            As a New York Life Agent, Swapan Munshi is licensed and authorized to offer insurance in California, but COUNCIL FINANCIAL AND INSURANCE SERVICES may not be. For additional information on California licensure status, please click here.

                            Amit Munshi is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the state of California (California Insurance License #0531488). No insurance business may be conducted outside the state referenced.

                            As a New York Life Agent, Amit Munshi is licensed and authorized to offer insurance in California, but COUNCIL FINANCIAL AND INSURANCE SERVICES may not be. For additional information on California licensure status, please click here.

                            Amit Munshi is a Registered Representative of and offers securities products & services through NYLIFE Securities LLC, Member FINRA/SIPC, a licensed insurance agency, and a wholly-owned subsidiary of New York Life Insurance Company, 171 Cypress Point Way, Moraga, CA, 94556, 415-613-4600. In this regard, this communication is strictly intended for individuals residing in the state of California. No offers may be made or accepted from any resident outside the specific state referenced.

                            COUNCIL FINANCIAL AND INSURANCE SERVICES is not owned or operated by New York Life Insurance Company or its affiliates.?

                            Neither COUNCIL FINANCIAL AND INSURANCE SERVICES nor its associates are in the business of offering tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.?

                            For more information about NYLIFE Securities LLC and its investment professionals.

                            Click here
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                            • ABOUT
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                                  • EXPERTISE
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