Tax Minimization Planning
![](https://safemoneymba.com/wp-content/uploads/2022/11/bigstock-Hands-of-accountant-business-m-81248033_00-300x170.jpg)
Investing in or purchasing a tax-deferred vehicle means your money can compound interest for years, free from income taxes, potentially allowing it to earn interest at a faster rate.
While very few financial vehicles avoid taxes altogether, insurance products only allow you to defer paying them until retirement – when you may be in a lower tax bracket.