When it makes sense to relocate an IRA to a life insurance policy {PFP Section}
AICPA Personal Financial Planning (PFP) · Bob Keebler, CPA/PFS, AEP (Distinguished)
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Show Notes
If you are approached by clients or other advisors who think it makes sense to move money from an IRA to a life insurance policy, take a look before you throw out the idea. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, shares situations and considerations where this strategy may be prudent. He discusses:
- Why it works best for clients with a federal and state estate tax
- Other factors that make this worthwhile such as tax arbitrage and getting the life insurance out of the estate
- The importance of the policy being designed correctly and shopping around to get the best ROI
- Client examples to illustrate when this strategy works
Access resources related to this podcast: Note: If you're using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links.
- Review Bob Keebler's latest decision charts in the Proactive Planning Toolkit, including the Roth conversion decision chart.
- Listen to Susan Bruno's podcast series on life insurance with other experts.
- Gain more expertise with the AICPA's Risk Management and Insurance Planning Certificate.
This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.
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