Josh Scandlen Podcast

It is my opinion that the Roth IRA is the most effective and underutilized method of transferring wealth to future generations.   Now, I can hear all the life insurance agents screaming, “Roth is NOT preferable to life insurance!”  To my life insurance friends, in some ways I agree.  There is no other method where one could create an instant estate as quickly as life insurance.  Only life insurance can create an instant estate For instance, say you’re 45 years old, making good money and in good health. Your net worth consists of the equity in your home and $250k in retirement savings.   One day you get hit by a bus and die. Your spouse will inherit your equity in the home plus your $250k in retirement savings (assuming the house was jointly owned and he/she was beneficiary on the retirement account).   While that’s a decent amount of wealth, it isn’t generational wealth by any stretch. And, of course, at some point your spouse will be forced to pay taxes on the retirement acco