Wealth Accumulation
Strategies to help grow and protect your wealth.
Silver Summit Financial complements your secured income and estate plan by growing your surplus assets. We’ll balance risk and reward and manage the impact of taxes.
Custom-built portfolios tailored to meet your needs.
Everybody’s situation is different. We take the time to understand your needs and wants and handcraft a portfolio that reflects your unique situation. You’ll be able to track it in real-time and have 24/7 access to the team.
Silver Summit Financial using LifePro Asset Management also has access to thousands of investment products offered through Charles Schwab; a leading investment services firm with more total assets than any publicly traded investment services firm in the U.S. and a leader in asset management and retirement planning.
Custom-built portfolios tailored to meet your needs.
Everybody’s situation is different. We take the time to understand your needs and wants and handcraft a portfolio that reflects your unique situation. You’ll be able to track it in real-time and have 24/7 access to the team.
Silver Summit Financial using LifePro Asset Management also has access to thousands of investment products offered through Charles Schwab; a leading investment services firm with more total assets than any publicly traded investment services firm in the U.S. and a leader in asset management and retirement planning.
CASH VALUE LIFE INSURANCE
Reduce tax liability by utilizing cash-value life insurance
People typically look at financial products by comparing their accumulation potential against the fees and charges inside the account. Very little focus is ever on the amount of taxes that a financial vehicle will incur over its lifetime.
When it comes to wealth accumulation, taxes will be one of the main factors to take into account. If you make more than $80,921 of combined income, you are already considered to be in the Top 25% of income wage earners in America. You account for 86% of the tax revenue generated by the government.
With this information in mind, it’s important to diversify your portfolio and consider financial products that offer tax-advantaged benefits.
Cash value life insurance offers three tax benefits that other products do not; helping you reduce your tax liability.
Income Wage Earners
Adjusted Gross Income
Share of Total Income Taxes Paid
A cash-value life insurance policy offers a combination of three tax benefits in one policy:
Tax-deferred growth
You don’t have to pay taxes on your policy’s accumulation. That leaves more cash value in your policy; giving you the potential to build wealth faster.
Tax-free distribution
As long as the policy remains in force1, the cash value in your policy can be accessed income-tax-free through loans and withdrawals.1
Tax-free wealth transfer
Your beneficiaries get an income-tax-free death benefit to meet financial obligations and help ensure their future security.