Welcome to the Jill on Money Call of the Week. We're presented by Marcus by Goldman Sachs.

So if you've got a financial question, it's burning, It's keeping you up at night or maybe not that bad,

but you just want a second opinion or a third opinion or a fourth opinion. Give us a holler.

You can email us, the email address Jill at Jill on money.com you can always

go to the website jill on money dot com and click on the contact us button so today we

are talking to ai. Hello, Avi, how are you? What can we do for you?

Good morning. I live in California, which is a high income tax, and I'm looking into planning my retirement.

And one of the options that I'm looking at is a tax-free option which is called

LERP or Life Insurance Retirement Plan.

Right.

The numbers look very interesting, but I think there is a catch and I'm trying to consult with as many people as I can to get the what is the

catch and how can it be so good.

Okay good question.

So for those who are listening this is is not, sometimes this is confused with an

annuity. It's not. It is a life insurance policy. It's usually thought of as a way to

supplement your retirement savings.

So first, Avi, are you maximizing your retirement plan

contributions right now?

Yes.

Okay, great.

So that's always your number one thing.

Okay, so here's the deal.

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