Kimberly Pohler, Financial Strategist with Pohler Financial, Interviewed on the Influential Entrepreneurs Podcast Discussing How Life Insurance Fits Into Retirement

Kimberly Pohler discusses maximizing retirement income with life insurance strategies. 

Listen to the interview on the Business Innovators Radio Network:

Life insurance is a valuable tool for retirement planning, offering more than just a death benefit. In a podcast episode, financial strategist Kimberly Pohler highlights how life insurance can provide cash value and living benefits that enhance retirement planning.

Cash Value Accumulation: Permanent life insurance policies like whole life or indexed universal life can accumulate cash value over time. This cash value can serve as a financial resource during retirement, allowing policyholders to access funds through loans or withdrawals without triggering taxes. This liquidity source can be used for unexpected expenses, supplementing income, or funding long-term care.

Living Benefits: Modern life insurance policies offer living benefits beyond the traditional death benefit. These benefits can include critical illness coverage, chronic illness riders, or long-term care provisions. By including these living benefits in a life insurance policy, individuals can protect themselves and their families from financial hardships due to health-related issues during retirement.

Tax Efficiency: One significant advantage of using life insurance in retirement planning is its tax efficiency. When policyholders borrow against the cash value of their life insurance policy, the borrowed amount is not considered taxable income. Additionally, the tax-free death benefit passed on to beneficiaries helps individuals preserve more wealth and pass it on to future generations without unnecessary tax liabilities.

Legacy Planning: By leveraging life insurance in their retirement strategy, individuals can effectively plan for their legacy. Transferring retirement assets to heirs through a life insurance policy provides a tax-efficient way to pass on wealth and financial security to loved ones. This aspect of legacy planning ensures beneficiaries receive intended benefits without significant tax implications, allowing for a smoother asset transition.

In conclusion, viewing life insurance as a tool for retirement planning offers individuals a comprehensive approach to financial security in later years. Understanding the benefits of cash value accumulation, living benefits, tax efficiency, and legacy planning associated with life insurance helps individuals make informed decisions to enhance retirement preparedness and protect their financial well-being.

Kimberly shared: “I believe quality education is paramount to equipping my clients to make sound financial decisions so that they are accomplishing purposeful financial planning for the seasons of their lives.”

About Kimberly Pohler

Kimberly Pohler, CLTC, CFed®, is passionate about helping others. She helps her clients navigate the confusing world of finance by educating them on how to plan for each season of their life.  It goes beyond protecting your health. Kimberly has identified many crucial areas of concern: health, life, disability income while you’re working, senior healthcare, Social Security, longevity (never running out of money), the high cost of aging impact on investments, and protecting a legacy for her client’s children.  She uses her own extensive knowledge as well as a team of specialists to provide cutting-edge resources in an ever-changing environment.  She knows that God blesses us daily with the gift of life and the opportunity to make a difference in the world. Each new relationship in her business and personal life is meant to be cherished.

Kimberly is an avid gardener who also enjoys cooking what she grows, hiking, campfires, and family fellowship.   She lives in rural Indiana with her husband, Jeremy, her two sons, Blake and Preston, and their fur baby Yorkies, Brianna, Finnegan, and their German Shepherd, Gus. She is the author of The Money Garden: Purposeful Financial Planning for Your Seasons of Life.

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