Why wealth creation matters

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401(k)’s, IRA’s, 403(b)’s, etc. are referred to as “Qualified Accounts”. They give you a tax deferment now, and in exchange they ask a lot. They dictate how much you can contribute; when you can contribute; what the contributed money can be used for; when you can withdraw it; when you must withdraw it; and they inflict harsh penalties if you want to do otherwise. You don’t know how much of it you’ll actually get to keep until the time of withdrawal. And the government can change the rules at anytime without your consent.  You should have complete access and control of your money... especially your retirement money. Insurance contracts can have similar growth without all the restrictions while allowing full access. 

Not if your taxes are higher at retirement! More and more people are finding that to be the case. We are at near historical low tax rates right now. Government spending / debt are increasing every year. Chances are taxes will be higher when you retire. You can see how paying lower taxes on the “seed” now would be far better than paying higher taxes on the entire “harvest" later. 

Risk of loss? Hardly. When banks want to keep their money safe, they put it with insurance companies. Hundreds of years of stability and profitability make these contracts as safe and predictable as you can get. But what if you prefer a bit of risk? Often, as risk increases, so do the potential returns. Insurance contracts can be designed either way... higher guaranteed growth, or a lower guarantee with higher potential. Either way, they are guaranteed against loss.