Alliance Benefit Consultants’ Post

A Pension Strategy That May Boost Your Income. Pension maximization ~ Using this strategy, your spouse waives the QJSA and you elect the single-life option. You and your spouse then use the additional pension income to purchase insurance on your life, with your spouse named as beneficiary. If you die first, the pension payments will stop, but your spouse will receive the life insurance death proceeds free from federal income tax. By coupling the larger pension payments with a life insurance policy, you might increase your total income during retirement, while also providing for your spouse's financial future. https://lnkd.in/gzkGMkTs #AllianceBenefitConsultants #insurance #resources #Homewood #Chicagoland #Illinois #Indiana

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