This document discusses various ways to lower taxes on income, including contributing to 401k and IRA retirement accounts, investing in stocks, mutual funds, and municipal bonds, and purchasing appreciated property or permanent life insurance. It notes that permanent life insurance offers tax-deferred growth, tax-free distributions, competitive returns, guaranteed loan options, and additional benefits. The major risks to consider for running out of money in retirement are inflation, increasing tax rates, market volatility, declining interest rates, loss of capital, and ensuring one's lifestyle and income needs are met.

1. How to Lower Taxes on Income
“Start with End in Mind”
401K
Stocks IRA’s Municipal Bonds
Mutual Funds Appreciated Property Roth IRA
Dividends, Interest & Cash Permanent Life Insurance
Taxable Taxed Taxed
Deferred Advantaged
Permanent Life Insurance
Benefits
1. Tax Deferred Growth
2. Tax Free Distribution
Major Risks for running out of 3. Competitive Returns
1.
money over one’s lifetime.
Inflation- purchasing power
IRS (Taxes) Future Taxes? 4. Guaranteed Loan Option
5. Additional Benefits the DB
2. Tax Rate- taxes going up 6. High Contributions
3. Market Risk- volatility 7. Access to Capital
4. Interest Rate Changes- rate declines 8. Unstructured Loan Payments
5. Loss of Capital- Principal erosion 9. Collateral Opportunities
Life Style & Income Needs 10. Estate Tax Free
11. Liquidity, Use and Control
12. Disability Protection