For most people this means finding the cheapest term policy and hanging on to it until it's no longer required. However, for some people life insurance can be an extra beneficial tool. Even with current and perhaps unexpected expenses, it is possible that the bulk of these assets will be left to heirs. Well, with careful selection of beneficiaries, it is possible to stretch out the income benefits of the IRA over the next generation. If you are eligible for a Roth Conversion IRA, you could stretch out these same benefits to the next generation, tax-free.
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