My business partner and coauthor Carlos Lara and I have been warning since the financial crisis of 2008 that the Federal Reserve’s response has merely set us up for another crash. In September 2016 we released a video entitled, “How to Weather the Coming Financial Storms” which outlined our prognosis, and gave strategies for business owners and households to protect themselves. (You can still view the video from our main landing page at: http://laramurphy.
The answer is in an Infinite Banking policy. Nevertheless, most Americans put the amount they intend to save at risk by placing them in qualified plans, which are nothing more than investment vehicles controlled, not by you, but by the government, Wall Street and your employer. We would like to compare an IBC policy to qualified plans on four key elements.
Believe it or not, there is growing interest—even among market friendly economists—for the government to mail checks to every American. Guess it’s time to explain why this is a really bad idea.
Congress established a statutory definition of life insurance in 1984 in IRC Section 7702 that was a significant step in eliminating the favorable income tax treatment of investments disguised as life insurance. In 1988 Congress further tightened the tax rules that apply to life insurance. Under these rules governing the taxation of life insurance, any life insurance contract becomes a modified endowment contract (MEC)and is subject to less favorable income tax treatment if it fails to meet the 7-pay test.
What Is Wrong With Tariffs?: By Robert P. Murphy
Several years ago, I was conducting an Infinite Banking Concept Seminar
in Western Colorado. The sponsor of the event assembled his audience and
said. “The Infinite Banking Concept is all about how you think. It’s all about
how you think. It’s about how you think!”—and then he introduced me. It
was such an effective—and truthful—way to start the seminar that I adopted
the phrase in all speaking events and it is expressed—or implied—in all
writing that I do.
The Center for Disease Control calculates that overall life expectancy in the U.S. is presently 78.7 years, with women outliving men by an average of 5 years, or 81 years vs. 76 for men. (Longevity is one area where there is no gender equality.)
With Freedom Comes Responsibility: By L. Carlos Lara
Something To Ponder: By R. Nelson Nash
How Teaching Interferes with Learning: By Peter Gray, Ph.D.
