"Super Roth": Should You Overfund Supplemental Executive Retirement Plan Insurance? -312

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 9 February 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Whether you call it a SERP, an individual supplemental executive retirement plan, a private pension, or the "Super Roth," the strategy is overfunding life insurance, and the question is, is it a good idea for retirement planning? Also: a Social Security, pension, retirement withdrawal, and Roth conversion strategy, portfolio modeling scenarios, the earned income tax credit, and other tax reduction strategies. Access the transcript and financial resources and ask your money questions: https://bit.ly/YMYW-312

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 312, whether you call it a SERP or an I-Serp,
0:05.6	that is an individual supplemental executive retirement plan, a private pension plan,
0:10.2	or the insurance agent favorite, the Super Roth.
0:14.1	The basic strategy is overfunding a life insurance policy, and the question is, is it a good
0:19.3	idea for your retirement planning?
0:21.6	You know, Joe and Bigel have some strong opinions on this one for Dante.
0:25.5	The fellows also discuss a Social Security pension and retirement withdrawal and
0:29.8	raw conversion strategy for Nina, portfolio modeling scenarios for Tom, and they dive in on
0:35.9	the earned income credit and other tax reduction strategies
0:38.6	for Kevin and for Will. And finally, chiropractors and physical therapist types, Joe is turning
0:44.3	the tables and asking you for your suggestions about his butt. I'm producer Andy Last and
0:50.0	here are the hosts of your money, your wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
0:56.7	Got an email from Dante lives in New York City, Al. And I had a little back and forth with Dante.
1:04.7	You've already been kind of conversing? A little bit. Okay. Because I just needed to get some facts straight.
1:11.9	Okay.
1:12.3	All right.
1:13.3	And so I'm going to read his question and then I'm not going to read our full conversation
1:17.6	because, you know, it gets a lot of weird.
1:21.5	It gets a little.
1:22.1	Oh, is that it?
1:22.7	Okay.
1:23.0	No, kidding.
	...

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