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It is not deemed as income, is not subject to required minimum distributions, and will not affect taxation on social security if in a life insurance policy. Death benefits are tax-free as well.
As a parent or grandparent, you can leave a legacy by using the magic of compound interest.
If you are like me, you have made plenty of promises to yourself that you haven't kept. Here are five tips to help make it easier for you to keep your financial promises to yourself.