<prompt> Human: Im not familiar with all the loopholes, but Im trying to help a family member out. A Whole Life or Universal Life insurance policy allows you to dump endless funds into an account and take it out tax free. Is it possible to remove funds from an IRA and move it into tax free accounts or at least something that doesnt tax as much or with less surrender fees?  <response>: A Whole Life or Universal Life insurance policyDont do it!A whole life policy is a terrible choice for money you want to invest. Leave it in the IRA, choose a few funds or a LifeCycle Fund, and continue to save every year. 