How IBC Can Help You Fund Expensive Purchases:
Expert Advice On Tax Benefits
Benjamin Franklin once said, ‘Nothing is certain
except death and taxes’, but just as exercise and
healthy eating can delay the former, financial
planning can limit the latter.
If you want to improve the future
planning of your personal finances, I
Own My Bank has created a report on
the tax-free benefits available through
the Infinite Banking Concept.
As the report
explains, IBC utilizes
the features of whole
life insurance policies
whose cash value
grows on a tax- free
basis.
This unique feature
allows you to take a loan
against a policy, though
importantly not a
withdrawal, against a
policy without incurring
tax on its interest.
The report highlights the
various risks and restrictions
surrounding the IBC strategy,
such as the long-term
implications of unpaid loan
amounts and taxable
withdrawals.
If you want more
information on the IBC
strategy, you can find
details on a free training
webinar presented by I
Own My Bank.
Learn how to improve your
personal finances and tax
planning using the Infinite
Banking Concept with I
Own My Bank.
Visit
https://www.iownmybank.com/blog/b/taxe
s for more information