By Anil Aggarwal | Real Estate Broker, Investor & Financial Educator

732-877-8585 | Anil.aggarwal@vylla.com

401kExposed.com | 529PlanExposed.com

Pay Your Kids — Save on Taxes — Build Their Wealth

Most parents don’t realize they can legally pay their kids to work for their business. Under IRS guidelines, you can pay each child up to $13,850 per year (2024 standard deduction) without them owing federal tax. Better yet, you can deduct that salary as a business expense.

Example:

You pay your 10-year-old $12,000/year for helping in your business (photos, organizing files, social media content, etc.). That’s:

$0 income tax for the child $12,000 tax deduction for your business And a great financial lesson for your kids!

From Salary to Long-Term Wealth via IUL

Take that tax-free income and invest it into an Indexed Universal Life (IUL) Insurance policy, where it grows tax-free over time. Historically, carriers like AIG have returned ~7% annually.

Let’s say:

$12,000/year × 10 years = $120,000 With compounding at 7%, this can grow to $1M+ by age 60 Tax-free loans can be taken in adulthood — while the cash value continues growing

Why This Beats Traditional Plans

Compared to 401(k) or 529:

No penalties for early withdrawal No taxes on loans taken from the policy Full flexibility for future needs — education, house, or retirement

Real-World Strategy, Not Just Theory

Anil Aggarwal has helped families implement this method — combining tax-smart income planning with wealth-building insurance strategies.

Important Disclaimer

This information is provided for educational purposes only and should not be considered financial or tax advice. Always consult with a qualified CPA or licensed financial professional before implementing any tax or insurance strategies.

Want to Learn More?

Call or text Anil Aggarwal: 732-877-8585

Visit: 401kExposed.com | 529PlanExposed.com

Email: Anil.aggarwal@vylla.com

Let’s Build Tax-Free, Generational Wealth — Together.