Here is a top tax advantages investing alternative beyond company 401k plan
Consider cash value life insurance 👉🏼If you are healthy and relatively young, a cash value life insurance policy could be an attractive option to both gain much-needed protection and defer investment income. Annual premiums are after tax, but gains are not taxed until the policy is liquidated, which typically comes later in life when individuals tend to fall into a lower bracket. It’s also possible to borrow against the value of your policy at rates that are typically more favorable than what most banks would offer for personal loans. Just beware, though, because a poorly constructed cash value life insurance policy may become a modified endowment contract by IRS rules and lose its tax advantages. Make sure your tax planner is aware of the pitfalls.