A couple weeks ago a fellow financial professional was telling me that one of his client’s husbands was repeatedly giving his client a really hard time about using one of our secure retirement tools to protect her money. Her husband…
“The 4% Rule,” invented by a financial advisor in the mid-90s, states that if a retiree has a retirement portfolio of 50% stocks and 50% bonds then they should be able to withdraw 4% of their portfolio each year plus…
If you had a choice between your car always moving toward your destination without having to pay for any gas or you could pay for gas that would sometimes make your car drive faster, but would also make it drive backwards sometimes,…
A few months back, a colleague of mine shared a story of a late night phone call he received from his friend and client Steve. He thought it was odd that he was calling him so late at night. So…
It’s no secret that there’s a lot of fear and uncertainty in the stock market these days. Unfortunately, most Americans’ retirement savings are exposed to the market’s volatility in addition to being charged management fees, but thankfully more and more Americans…
I took some form of a personality test many years ago and the results showed, among other things, that I am “a questioner.“That means that I have to know why and how things work. It used to get me into…
Most people don’t realize this, but there are both 𝗧𝗔𝗫𝗔𝗕𝗟𝗘 and 𝗧𝗔𝗫-𝗙𝗥𝗘𝗘 buckets you can use to grow your wealth. Nearly everyone is familiar with the “taxable bucket.” If an investment is in a “taxable bucket” then that means that…
How many times do you lose in a down year when you have “managed funds” where you pay management fees. 🤔 In a down year your investment portfolio/retirement account loses money. So you lose once just from the market dropping.…
AN ALTERNATIVE WAY TO SAVE FOR COLLEGE: Many years ago when my wife and I were looking to setup some college funding accounts for our children, we went to our CFP and were given a couple options. One of those…
Infinite Banking vs. Traditional Savings Accounts: There are a few problems saving and spending money with traditional savings or checking accounts that you don’t have with an Infinite Banking policy. INTEREST EARNINGS: When you’re setting thousands of dollars aside in…
“It’s just a 1 or 2% fee. It’s such a small amount.” That’s what most people are told and believe, but they don’t understand the effect of compounding negative returns and how it will affect your retirement. The truth is a…
When some of the most historically wealthy families like the the Morgans, the Stanleys, the Rothschilds, the Rockefellers, Ray Kroc, J.C. Penny, used the Infinite Banking as a wealth building vehicle, it’s time to pay attention and give it some…
