As Adopt a Grandparent Day becomes a two-pronged outreach, businesses and organizations are encouraged to adopt a participating facility – which involves buying, decorating, filling and delivering treasure boxes to their facility and providing volunteers for in-person visits.
The Cook family gets more than they give from Adopt a Grandparent Day.
What if you could use the magic of compound interest for decades (i.e., a child policy), yet never pay taxes above basis because you take distributions as a loan?
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.
