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Insurance Investments

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

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Is LIRP a Life Insurance Retirement Plan?

Logan: LIRP is just life insurance retirement plan. He's maxing out and putting a lot of money towards different areas. Logan: If somebody comes into us for planning and they're maxing out everything, one of the next sort of steps or follow ups I'll have is do you actually need to be maxing out all of those areas? The IRS says your maximum allowable contribution is not necessarily in every particular financial plan, the best possible place to put your funds. That's really person to person dependent depends on your plan, your goals, etc.

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