92 • MARTIN H. RUBY
and we’ll work to connect you to a professional in your commu- nity. Why is a good advisor so critical? As with any insurance strat- egy, proper structuring of the policy is critical to ensure your best interests are met. As I mentioned, I’ve had teams of CPAs review this strategy, and all have told me the same thing: this absolutely works IF the strategy is structured properly. Following are the most important things for you and your advisor to consider.
How Can You Decide? This is a two-step decision-making process:
• Does it make sense to save and grow a portion of your retirement funds in a tax-free vehicle, rather than the tax-deferred vehicle you’re currently us- ing? • If the answer is yes, is IUL the right tax-free vehicle?
How Much Should You Allocate to This Strategy? Most of the time, this strategy is not appropriate for your entire IRA account balance. That’s because funds in an IUL policy need time to accumulate. A good rule of thumb? Use this strategy for the portion of your IRA that is not needed for income in the next eight to ten years.
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