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Retirement tax questions
Tom - Yeah. I don't know why I read "medical" where it quite clearly says "life". Life insurance is always paid with after-tax dollars and of course, is not tax deductible. However, there are some instances where if you pay for life insurance with before-tax dollars, that can make the insurance payout taxable to the beneficiary recipient. It wouldn't in this case. But then, congress can change that anytime they feel like it.
May 31, 2019
6:09 PM