Blogs
Blog #26 – Banking Policies and Policy Loans
Although there are different ways to handle policy loans from your banking policies, the process described below provides you greater control and better tracking at tax preparation time from those loans that might have tax implications. You should follow these steps when taking out a policy loan from a banking policy: Contact us and let … Read more
Blog #25 – What’s Wrong With Qualified Plans? Practically Everything
If you make contributions to any type of qualified plans like a 401(k), a 403(b), or an IRA you should know the following facts: These programs are not tax-free but tax-deferred, which means that although you enjoy the immediate gratification of not paying taxes now, you will be most likely paying higher taxes on a … Read more
Blog #24 – Why Whole Life As a Savings Vehicle Makes Sense
The money stored in your properly-structured whole life insurance contract is guaranteed to grow every year by an increasing amount; in other words, the increase in cash value between years 3 and 4 is larger than the increase between years 2 and 3. So your cash value cannot go down; it is always increasing and … Read more
Blog #23 – Savings vs. Investing: Can You Afford The Risk
When you save your money, you have access to all or part of it at any time without penalties, it is not subject to losses, and if saved in the appropriate financial instrument, it grows continuously over time. When you invest your money, you may have to pay penalties and/or taxes to access it at … Read more
Blog #22 – Never Fall From The Compounding Curve
The following quote is attributed to Albert Einstein: “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” Understanding the power of compound interest is key to increasing your wealth. To represent graphically how compound interest works, take a piece of paper and … Read more
Blog #21 – Building Wealth The Way Bankers Do
If you need money to invest, where will the money come from? It will almost always come from your savings account. So why can’t it come from your Banking Policy? It can! Let’s see how you can profit from it. Assume that your brother, who doesn’t have a good credit score, asks you for a … Read more
Blog #20 – A Banking Policy-An Amazing Financial System
Margaret Thatcher once said: “The problem with Socialism is that you eventually run out of other people’s money”. As a result of Socialist policies, we are experiencing the worst economic conditions for America’s Middle Class since the 1960s. With high unemployment and underemployment, unfair taxation, and increasing Government intervention in our lives, how can the … Read more
Blog #19 – Essential Documents for Common Law Couples
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
Blog #18 – Life Insurance For Estate Planning
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
Blog #17 – Me Me Me!
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
Blog #16 – Ease Can’t Replace Expertise
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
Blog #15 – Designing Infinite Banking Policies (IBC Policies or Banking Policies)
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
HOURS: Monday - Friday: 10AM - 6PM ET