BIRDSEYE FINANCIAL SERVICES (360) 722-7889
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Strategy Overview
ROTH IRA
VOLATILITY BUFFER
TAX FREE INCOME
WEALTH TRANSFER
Tax-Free Income Strategies
When we think of TAX-FREE Income, we have a few popular options.
  • ROTH IRA - A great tool for growing your assets tax-free in different types of environments like the market, annuities, and banks.
  • MUNI BONDS - Although these are Tax-Free, often the rate of return is less and they do count against you with Provisional Tax (aka SS Tax)
  • LIFE INSURANCE - The use of Life Insurance can be a powerful tool for growth of your assets that are not in the IRA system or assets that you want to pass onto your next generation on a tax-free basis.
ROTH IRA
These can be a great tool for you to accumulate but keep in mind with recent changes to the ROTH IRA, these assets when passed to a non-spouse beneficiary must be withdrawn within 10 years. So, when this is a concern, we often pivot to a Life Insurance option. 

LIFE INSURANCE
When you are planning for TAX-FREE Income from NON-IRA qualified plans, you can look at the use of a LIFE insurance product like a Fixed Index Universal Life policy. ​This is a combination of an Index Growth Product with the Tax-Free benefits of a Life Insurance contract. Weather you desire to take Tax-Free income for yourself or pass these assets onto the next generation will be an important decision to make. The many options allow you to either take a policy on yourself or take one out on your children.
A Fixed Index Life Insurance provides:
  • Safe Growth - linked indirectly to the market with no fees nor market loss potential. 
  • Tax-Free Growth - The challenge of passing a ROTH IRA, are that the rules state the ROTH must be depleted within 10 years which can make the desire to continue growing funds tax-free difficult. But with a Life policy on the children, not only is the cost of insurance less expensive but the policy will transfer from you to them upon your death, or to a trust of your choice. 
  • Death Benefit - The death benefit is always a core part of a life policy which means the cash within the policy will be less then the death benefit and be tax-free to the beneficiary. 
  • Long-Term Care Benefits - The death benefit can help the insured pay for Long-Term Care, by accessing what is called an Accelerated death benefit. Borrowing against the death benefit tax-Free. 
Having a policy on your your children who are over 18, will offer them the ability to receive Tax-Free assets and even provide a lifetime of tax-free income too. But if your under, 65, this may work on you too. There are different strategies for each. Such as Death Benefit for the kids if you pass, vs Lifetime-Income for your children with Long-Term Care benefits. Either way, you maintain control of your funds until your passing, unlike a ROTH IRA.
COMPARISON OF LIFE POLICY ON YOURSELF (if under 65)
​
When you take a policy out on yourself, it is based upon your age and health. However, you may be able to add on a LONG-TERM care rider that allows you to use the Death Benefit while your alive to help cover these costs. 

With after-tax premium contributions, in the life policy over 5 or more years, you goal is to grow, these into Tax-Free Income payments by access the portion of growth through a policy LOAN which eventually gets paid off by the death benefit not by you. There are many parts to understand and a policy illustration should be reviewed prior to making a decision.

​The two main types of polcies are:
  • Traditional Policy - Funding for 5 or more years with potential tax-free income after year 5.
  • Premium Financed Policy - A unique way to fund a policy for 5 years with your premium and consecutivly 10 years with premium financing. Wait 5 years and start receiving more income in most cases then a standard traditional policy can offer. 
Compare on you
Vertical Divider
COMPARISON OF LIFE POLICY ON YOUR CHILDREN (if over 18)
We explore the option of having a life policy owned by you and the insured being the child. You maintain access to your funds, while growing the account with a very low cost of insurance.

With after-tax premium contributions, in the life policy over 5 or more years, you goal is to grow, these into Tax-Free Income payments by access the portion of growth through a policy LOAN which eventually gets paid off by the death benefit not by you. There are many parts to understand and a policy illustration should be reviewed prior to making a decision.

You can use those funds tax-free or leave them to your child when you pass and either the child or a Trust can be the beneficiary. They would then have an account that would not have to be eliminated within 10 years like a ROTH IRA.

They would have a tax-free asset that is liquid and have the option for tax-free income throughout their lifetime. They would have access to the living benefits to help cover for Long-Term Care, and perhaps even have money to to leave to the next generation beyond them.
Multi-Generational
These illustrations are for educational purposes only. Please refer to all insurance company illustrations for details you will need to make an informed decision. We provide these examples for you to better understand how the concept works. 
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Birdseye Financial Services
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136 Hillside Drive E
Burleson, TX 76028

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Client Resources
Main # 360-722-7889
Texas # 817-717-1487
Fax #425-412-6865

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[email protected]

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CLICK TO READ OUR FULL DISCLOSURE
The information contained herein: (1) is proprietary to Birdseye Financial Group and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Any information herein about providers, speakers, and services does not constitute a recommendation or endorsement. This material is not to be distributed without the express written consent of Birdseye Financial. Regarding your financial situation, you should consult with a financial professional before acting on specific actions or suggestions given. For legal or tax advice, you should contact your qualified attorney or CPA. Insurance and tax planning services are offered through Birdseye Financial. Investing involves risk, including the potential loss of principal. No market investment strategy can guarantee a profit or protect against loss during declining values. ​Fiduciary Investment Advisory Services are offered through Simplicity Asset Management, an SEC-Registered Investment Advisor. Registration does not denote any level of skill or qualification.

MEDICARE MANDATORY DISCLAIMER
“We may not offer every plan available in your area. ​Please get in touch with Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all your options.” All calls regarding Medicare may be recorded by phone or online and a SCOPE of appointment required by Medicare will be obtained 48 hours before any sales meeting to discuss plan details. (NOTE - The organizations and plans can vary by state and county, we can validate these numbers upon request.)

State Licenses
LICENSES: AZ #7101306, CA #4140429, FL #W825259, GA #3621424, ID #863617, KS #7101306, MA #2176921, NV#3879853, NC #7101306, OK #3001663224, OR #7101306, TX #2695866, WA #190780. Note that in California, our DBA is Birdseye Financial and Insurance Services. The current license status may increase or decrease without being updated on this site. ​If you have any questions, please don't hesitate to ask.

PRIVACY POLICY       OPT-IN PROCESS
  • Home
  • About
    • Who We Are >
      • Explore More
    • Corbin Lindsey, Advisor
    • Our Reviews
    • Get Started
    • Risk & Portfolio Assessment
    • Request Free Consultation
  • Strategies
    • Key Components
    • Sequence of Returns
    • Volatility Buffer >
      • Volatility Buffer Webinar
    • Tax Strategies >
      • Tax Free Income
      • RMD Calculator
      • IRA RMD RULES
      • ROTH IRA
      • ROTH Conversion
      • Tax Declassified Webinar
      • Qualified Charitable Donation
      • Business Tax Credit
    • Inflation Impact
    • Educational Videos >
      • Documentaries
      • Educational Webinars >
        • Taxes Declassified
        • Top 10 IRA Mistakes
        • Taxes in Retirement
        • 3 Economic Strategies
        • Five Key Areas of Retirement
    • Recommendations >
      • ROTH Conversions
      • Volatility Buffer
      • Tax-Free Income
      • Wealth Transfer
    • Premium Finance
  • Planning
    • Retirement Analysis >
      • RA Sample
    • Social Security >
      • Social Security Webinar
    • Pension Maximization
    • Risk Analysis and Investments
    • LifePro Asset Management >
      • Questionnaire
    • Estate Planning
    • Federal Benefits >
      • Federal Benefit Kit
    • WA Retirement Systems
    • Boeing Retirement >
      • Boeing Webinar
      • Boeing Download
      • Boeing Calendar
      • Boeing Retirement
    • Business Planning >
      • Tax Free Multiplier
      • Business Tax Credit >
        • Resources
      • Employee Retention Tax Credit
      • Research & Development Tax Credit
  • Insurance
    • Annuities >
      • Annuity Resources
      • Market Index Links
      • Annuity Report
      • Annuity Reviews
    • Medicare >
      • Medicare Questionnaire
      • Medicare Clients
      • Medicare Plan Compare
      • Medical Networks
      • Medicaid Info
      • PEBB Benefits >
        • 2024 PEBB Retiree Guide
      • Medicare A&B
      • Medicare Rules
      • Medicare Meetings
      • Medicare Education
    • Long-Term Care
    • Life Insurance >
      • Multi-Generational
      • Premium Finance
      • Final Expense
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
  • Tools
    • Financial News Blog
    • Market Simulations
    • Required Minimum Dist (RMD Calculator)
    • Interest Types
    • Calculators
    • Professional Referrals >
      • Dead Doctors Don't Lie
    • Bankrate Interest Rates
    • Rate of Return Calculations
    • Zillow Home Value
    • Credit Info
  • Contact
    • Free Consultation
    • Schedule Appointment
    • Online Meeting
    • Secure Upload
    • Retirement Analysis (initial)
    • Retirement Software Client Portal
    • New Application
    • Application Process
    • Beneficiary Form
    • Client Resources
    • Phone App
    • Rate our Service
    • Refer a Friend