Asset module
Retirement & Financial Protection
IRAs, 401(k), HSAs, insurance, legacy.
Key lessons
- ◆Traditional IRA/401(k): tax-deferred growth; Roth: qualified withdrawals tax-free.
- ◆HSAs offer triple tax advantages for qualified medical costs.
- ◆Annuities and cash-value life insurance (including IUL) have fees, surrender periods and terms.
- ◆Beneficiary designations often override a will.
- ◆Trusts can help with legacy and succession planning.
Risks
- • Life insurance and annuities are not interchangeable with liquid investments.
- • Early withdrawal penalties and surrender charges.