Slow Wealth
Published in March 2020
|
Business owners and professionals often have extra cash sitting in their company that is static, going nowhere. Why?
They say the money is needed for a rainy day or that they don't want to take any risks with those funds. Some say they are loathe to earn investment income just to pay more taxes to the government. So the cash sits there, doing nothing. It's their retirement. Their family protection. Their legacy. Savvy business owners move those unproductive funds into a tax-free, insurance-based investment account which we call a TFLA. |
Each Tax-Free Legato Account is a life insurance-based investment account that combines tax-exempt growth of your monies at a conservative rate with life insurance protection, adding collateral loan possibilities as well. Together, this makes for a low-risk investment, family protection and future cash flow solution that can make a lot of sense for a person in this situation.
When the value of a Legato account increases on the passing of the life insured, the bigger pot of gold can be sent out of the company almost totally tax-free. It's ok for you to ask the CRA about this because they created these possibilities!
Many unique and wonderful benefits can be achieved with a TFLA so I make it my daily mission to educate people of all levels on this topic. If you or the clients you advise seek financial success using lower risk investments, don't hesitate to contact us here at Legato so we can help you make that happen!
Don Anderson
@ Legato
When the value of a Legato account increases on the passing of the life insured, the bigger pot of gold can be sent out of the company almost totally tax-free. It's ok for you to ask the CRA about this because they created these possibilities!
Many unique and wonderful benefits can be achieved with a TFLA so I make it my daily mission to educate people of all levels on this topic. If you or the clients you advise seek financial success using lower risk investments, don't hesitate to contact us here at Legato so we can help you make that happen!
Don Anderson
@ Legato
All articles are listed here.