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but keep in mind with recent changes to the ROTH IRA, these assets when passed to a non-spouse beneficiary must be withdrawn within 10 years.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 Inc
136 Hillside Dr E
Burleson, TX 76028
Main # 360-722-7889
Texas # 817-704-3544
Fax #425-412-6865
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INFO@BIRDSEYEFINANCIAL.COM
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The contents of this website are for educational purposes only. Any material and its attachments, links, downloads, and/or any emails from our company are not intended to provide legal or tax advice. To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal or state tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. Please seek the advice of appropriately licensed individuals for legal or tax advice relating to your individual situation. Birdseye Financial and its employees are not tax or legal advisors and are not operating in such a manner. Birdseye Financial and those working for the company are not licensed Investment Advisors which prohibits us from offering such advice. Any advice you get should be taken as non-investment advice and only educational in nature. Should our clients need a licensed investment advisor, we partner with LifePro Asset Management. *Investing carries an inherent element of risk. No strategy can guarantee a profit or prevent a loss. Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary or investment advice. Any illustrations used are hypothetical and were used for explanatory purposes only. THANK YOU!

MEDICARE MANDATORY DISCLAIMER
“We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.” (MORE DETAIL)

State Licenses

AZ #7101306, CA #4140429, FL #W825259, ID #863617, KS# 7101306, MA #2176921, NV# 3879853, OK #3001663224, OR #7101306, TX #2695866, WA #190780

This calculators and illustrations on this website are designed to be information and educational tool only, and when used alone, do not constitute investment advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment. We also encourage you to review your insurance and investment strategy periodically as your financial circumstances change.

This report is for illustration purposes only. PAST PERFORMANCE IS BASED ON HYPOTETHICAL HISTORICAL DATA AND IS NO GUARANTEE OF FUTURE RESULTS OR INTENDED TO PREDICT ACTUAL PERFORMANCE. ACTUAL INTEREST CREDITING RESTULTS WILL VARY BASED ON MARKET CONDITIONS< INDEX ALLOCATIONS< AND INTEREST CAP RATE / SPREADS / PARTICIPATION RATES. The use of different time periods and amounts will vary results.

S&P 500 and S&P are registered trademarks of Standard and Poor's Financial Services LLC. No annuity or financial product discussed herein is not sponsored, endorsed, sold, or promoted by Standard and Poor's Financial Services LLC, S&P Dow Jones Indices LLC, or their affiliates, and non of the Stand and Poor's Financial Services LLC, S&P Down Jones Indices LLC, or their affiliates makes any representation regarding the advisability of purchasing an insurance or financial product.
  • Home
  • About
    • Welcome to Birdseye
    • Who We Are
    • Risk & Portfolio Assessment
    • Request Free Consultation
  • Strategies
    • Key Components
    • Inflation Impact
    • Rule of 100
    • Sequence of Returns
    • Volatility Buffer >
      • Volatility Buffer Webinar
    • Tax Strategies >
      • Tax Free Income
      • RMD Calculator
      • IRA RMD RULES
      • ROTH IRA
      • Tax Declassified Webinar
      • Qualified Charitable Donation
      • Business Tax Credit
    • Educational Webinars >
      • Taxes Declassified
      • Top 10 IRA Mistakes
      • Taxes in Retirement
      • 3 Economic Strategies
      • Five Key Areas of Retirement
    • Educational Videos
    • Documentaries
    • Recommendations
  • Planning
    • Retirement Analysis
    • Social Security >
      • Social Security Webinar
    • Pension Maximization
    • Risk Analysis and Investments
    • LifePro Asset Management
    • Federal Benefits >
      • Federal Benefit Kit
    • Business Tax Credit >
      • Research & Development Tax Credit
      • Employee Retention Tax Credit
      • Resources
  • Insurance
    • Annuities
    • Medicare >
      • Medicare Questionnaire
      • Medicare Networks
      • Medicare Clients
      • Medicare Rules
      • PEBB Benefits
    • Long-Term Care
    • Life Insurance >
      • Multi-Generational
      • Premium Financed
      • Final Expense
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
  • Tools
    • Financial News Blog
    • Market Index Links
    • Market Simulations
    • Required Minimum Dist (RMD Calculator)
    • Calculators
    • Professional Referrals
    • Bankrate Interest Rates
    • Rate of Return Calculations
    • Zillow Home Value
    • Slides - Intro Step >
      • Slides - Hegna
      • Slides - Strategy
      • Slides - Taxes
      • Slides - Invest
      • Slides - Buffer
      • Slides - FIA
      • Slides - Income
      • Slides - Pension
      • Slides - ALL
  • Contact
    • Free Consultation
    • Schedule Appointment
    • Online Meeting
    • Secure Upload
    • Retirement Analysis
    • Application
    • Beneficiary Form
    • Retirement Software Portal
    • Rate our Service
    • Refer a Friend