Share on Facebook Facebook 𝕏 Share on Twitter Twitter Share on Linkedin Linkedin Share on Email Email Direct Recognition and Non-Direct Recognition Insurance Companies Direct recognition and non-direct recognition refer to the method that the insurance companies use to treat dividends when there is an outstanding policy loan. When you take a policy loan, you … Read more
Financial education, or how money works, is not taught in our schools and the knowledge that we have is transmitted from our grandparents and parents.
2016 was a year in which American’s attention was literally high jacked by political news, scandals and anger outbursts. Division in our society along political party lines was at an all-time high.
Share on Facebook Facebook 𝕏 Share on Twitter Twitter Share on Linkedin Linkedin Share on Email Email Whole Life Policy Loans: How They Work One of the least known and best features of a whole life policy is its “living benefits”. These living benefits give you the ability to borrow against its cash value. As … Read more
I have decided to start a blog to help people understand the process of The Infinite Banking Concept (Infinite Banking).
You can become financially independent if you have sufficient personal wealth to live indefinitely without having to work actively for basic necessities.
A couple of years ago, a long-time client called and said he wanted to talk to us about his retirement. The problem was that he was sixty-four years old and had nothing saved for his retirement. Since we had known him for many years, we knew that during the prior ten years he had ridden … Read more
Anyone who has any type of banking policy has probably come across the term Modified Endowment Contract, or MEC. You may have noticed a portion of your whole life policy illustration or contract stipulating whether or not it is a MEC. You may have even seen numbers indicating the additional amount of Paid-Up Additions that … Read more
Traditional financial planning pays much more attention to accumulating assets for retirement than to the reposition and distribution of assets during retirement. It is not surprising since most financial advisors are compensated based on the amount of assets under management. Let us be clear; the reason for savings/investing is to generate future passive income when … Read more
As you are probably aware, traditional financial planning tells you of three sources from which you could generate passive income when you could no longer generate active income for yourself: 1) a pension or defined benefit plan, 2) social security and 3) a defined contribution plan (a 401(k), 403(b) or IRA). Since the late 1970s, Wall Street and … Read more
