admin Since unmarried couples lack the financial and legal benefits of their married counterparts, they may want to be vigilant in ensuring that proper documentation is in place to protect them, both legally and financially. Some basic documents and tips for maximizing your wealth outside of marriage: 1) A Will and Living Trust. The marital deduction, … Read more
Don’t be mislead into thinking that estate planning is only for the wealthy. Estate planning can help anyone managing and preserving their assets and passing them on at death, in accordance with your wishes. This means, passing your asset on to your spouse or life partner, your children, other relatives or even your church or … Read more
An excerpt from Rabbi Daniel Lapin Blog, Thought Tools Originally Posted on July 29, 2015 by Susan Lapin http://www.rabbidaniellapin.com/blog/category/thought-tools This fellow I know runs a struggling consulting business. The advice he delivers is of high quality–I know because I have consulted with him once or twice. Yet he struggles. He agonizes about his lack of … Read more
It is important to remember that as great as these sites are, (speaking of financial sites) they aren’t a replacement for professional advice. Think about it like this—when you’re sick, you might look up your symptoms online to get an idea of what’s wrong, but you still go to the doctor to get diagnosed and … Read more
A traditionally-designed whole life policy originally maximizes the death benefit that you obtain for a given premium, while the cash value is originally very small or non-existent. This type of design which consists of only the base insurance component, is encouraged by most insurance agents and broker-dealers because it generates better commissions for them, but … Read more
Capital purchases are unavoidable expenses, and we define capital purchases as those that we cannot accommodate through our weekly or monthly cash flow. A typical capital purchase may be a car, a college education, a home, a wedding, or an exotic vacation. As we will be able to demonstrate later, the ultimate goal of an … Read more
Because you would like to recover ― by paying to yourself ― the interest that you pay banks and financial institutions for the money they lend you to finance your capital purchases: cars, college education, professional practices, home, weddings, vacations, etc. The average American family pays 34.5% of their after-tax income to banks, credit card … Read more
When purchasing a whole life insurance policy, even if it is not going to be used for banking purposes, be sure that a substantial amount of paid-up additions is included in your policy. There are two main reasons for our advice. The paid-up additions increase the efficiency of your policy in the sense that you … Read more
Yes, they are, but let me give some introduction before explaining why Paid-Up Additions are so great. A properly-designed Infinite Banking Concept (IBC) or banking policy originally maximizes the cash value that you obtain for a given premium while the death benefit eventually increases to be higher than in a traditionally-designed policy. This type of … Read more
First of all, let me explain what wealth transfers are. This is money that is being spent and can never be recovered. The major wealth transfers are: • Taxes • Interest paid to others • Investment losses Here is how a Dentist, one of our Infinite Banking clients, dealt with these wealth transfers through the use of his … Read more
