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The Alemian File: Solving the Retirement Dilemma for Future Generations

By David Alemian

We all know that the earlier that you start saving for retirement, the easier it is.  For example, what if you had started saving for retirement when you were just kid?  Well, it’s too late for you to start doing that because you can’t go back in time.  Moreover, where would you get the money to save for retirement anyway… you were just a kid?  That being said, it’s not too late for your children or grandchildren.  You would be amazed at what happens when you put a small amount of money into a cash value life insurance on a young child.  I’m talking children as young as one year old up to late teens or early 20s.  Parents or grandparents who have the foresight to start a plan like this are giving their kids and grandkids a wonderful gift.  Imagine, never having to worry about having enough money for retirement.  It is also a great tool to teach children valuable lessons about the importance of saving.

Later in life when the child grows up, and his or her friends are worried about retirement, the child with the savings plan will be thinking wow…thanks mom and dad, or thanks grandma and grandpa.  To make it even better, the retirement money would be tax-free.  Whenever I put together one of these plans for someone’s children or grandchildren, the person starting the plan always says that they wish that someone had done this for them.

This same plan can also be used to save for college and it has none of the disadvantages of a 529 plan.  I’ll talk more about 529 plans verses using a life insurance policy next week.

If you know someone with children or grandchildren, please forward this article to them, because there is a high likelihood that they will benefit from this information.  For those who are interested and would like to talk with an insurance agent about a plan like this, Lowest Quote Life is an agency that has agents who can answer your questions.

If you have comments or questions, send an email to David@TheAlemianFile.com.  For more information, check out The Alemian File Facebook page.   Please make sure you “Like” the Alemian File Facebook page when you visit.


About David Alemian

Successfully creating affordable retirement plans guaranteed to last a lifetime is a unique, specialty skill. It’s a challenging arena but respected writer David Alemian makes it look easy. Alemian is a leading retirement expert and nationally recognized authority whose expertise is shared via video columns, numerous journals, and talk-shows.

His national recognition results from both revolutionizing and revitalizing how organizations and individuals like you and me plan and save for retirement. Alemian is considered “The Go-To Guy” for creating and implementing absolutely irresistible, lifetime retirement pension programs.

Formerly the host of “It’s About Money” Radio Show, Alemian has also produced and is featured in over 200 financial education videos. Additional content can be found in many well-respected, publications including: MD Magazine, Physician’s Money Digest, Physicians Practice, Journal of Clinical Oncology, Consultant Live, Psychiatric Times, Cancer Network, OB/GYN.net, and The Healthcare Executives Network.


This article reflects the thoughts and opinions of the author and is being provided for educational and informational purposes only. It should not be considered financial or tax advice. Please consult your financial or tax advisor about your situation.