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Ep. 82 - Taxes, 7702, and IBC Scam Accusations

Farming Without the Bank Podcast

Release Date: 02/19/2021

Ep. 98 - Biden Tax Proposal to Rid the Step Up Basis show art Ep. 98 - Biden Tax Proposal to Rid the Step Up Basis

Farming Without the Bank Podcast

You may love or hate me by the end of this episode. Is the Biden plan a bad idea? ...and do we have the right to be upset? Listen in and find out!

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Ep. 97 - An Even Distribution of Age Classes show art Ep. 97 - An Even Distribution of Age Classes

Farming Without the Bank Podcast

Back to the Becoming Your Own Banker book review. You'll hear about why you should have a policy on the family and why family banking is so important. The Infinite Banking Concept is not just about you but thinking long term about generations after you.

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Ep. 96 - Using a Whole Life Policy During Retirement show art Ep. 96 - Using a Whole Life Policy During Retirement

Farming Without the Bank Podcast

There is not a cookie-cutter answer for this scenario, so I will give you some ideas of how to use it, and why the retirement scenario in Farming Without the Bank is different than the scenario in Life Without the Bank.

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Ep. 95 - Slimy Agents Destroying Farms and IBC show art Ep. 95 - Slimy Agents Destroying Farms and IBC

Farming Without the Bank Podcast

There is nothing worse than a slimy life insurance agent who wants to talk fast and line his pockets with no regard to those he is hurting. 100% of my German passion comes out here while I share with you some of the sliminess of what is going on in this industry with other agents. Be aware of how they act and what they say.

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Ep. 94 - Life Insurance on Employees show art Ep. 94 - Life Insurance on Employees

Farming Without the Bank Podcast

We talk about having life insurance on your employees, using it to lend to them or to use yourself, and then using it for retirement.

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Ep. 93 - What to Use Cash Value For show art Ep. 93 - What to Use Cash Value For

Farming Without the Bank Podcast

Remember, Nelson called it the INFINITE Banking Concept. You can use cash value for anything and however you'd like. In this episode, I touch more on that and give you some examples.

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Ep. 92 - Short Pay Policies and Reduced Paid-Up show art Ep. 92 - Short Pay Policies and Reduced Paid-Up

Farming Without the Bank Podcast

Here is the answer to your questions about why some policies don't have to be paid forever and when it is smart to use them. This also explains the inheritance example in my Life Without the Bank book.

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Ep. 91 - Types of Interest: Why Uninterrupted is Key show art Ep. 91 - Types of Interest: Why Uninterrupted is Key

Farming Without the Bank Podcast

There is a huge difference between simple, compounding, and uninterrupted compound interest, and in this episode, I go over those three. Believe it or not, simple interest is actually better than interrupted compound interest! The policy is very much like your farm ground. Tune in to learn why.

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Ep. 90 - When Is This Paid Up? show art Ep. 90 - When Is This Paid Up?

Farming Without the Bank Podcast

Many want to know when they can stop paying premium. When is this paid up? In this episode, I cover the fact that we want to pay for life and that the policy can be paid up at different times and what that means.

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Ep. 89 - Premium Payments vs. Loan Repayments show art Ep. 89 - Premium Payments vs. Loan Repayments

Farming Without the Bank Podcast

Premium payments and loan repayments are NOT the same thing. In this episode, I break them apart to help you understand more about what is truly going on in your policy.

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More Episodes

In this episode, I address what you can and can't write off on your taxes by using the policy, tax code 7702 changes, and how that will affect the policies going forward. I also address the video done by a certain talking head (you probably know who) regarding IBC being a scam. Enjoy!

Audio Production by Podsworth Media.