Retirement Planning
Wealth Talks
Planning for retirement. Is it smart to follow what everyone else is doing? Can Life Insurance help with your retirement strategy? What is a 401k? What is a 7702? We discuss planning for retirement in this episode and the many different options and approaches that are available, and what people choose. Listen and get all the details now. 📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: Follow the Wealth Talks Podcast on: Instagram: Facebook: Listen to the Wealth Talks Podcast on: Apple Podcasts: Spotify:
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Marc Adams audio
Wealth Talks
Marc Adams is the founder of the world renowned Marc Adams School of Woodworking. He joins us on this podcast and shares the story of how it all got started. The Marc Adams School of Woodworking (MASW) hosts world famous craftsman and artist to share their time honored crafts. Woodworking, glass blowing, painting, leather working, metal working, quilting, furniture building, joinery, cabinetry and the list goes on! Learn more and sign up for a class on their website here: https://www.marcadams.com/
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Here's what's going on with The Kyle Busch Lawsuit
Wealth Talks
Kyle Busch is suing (and its a massive lawsuit!) over the performance of his Indexed Universal Life insurance policy that has killed his retirement plan. We go over the details of whats going on in this podcast episode. Is it the life insurance agents fault? Is it the Insurance Companies fault? What will this mean for other people who own this same kind of Insurance? This a lawsuit for the books! And has the potential to effect a lot of people! Listen and get all the details now. 📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: Follow the Wealth Talks Podcast on: Instagram: ...
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1 Million into Infinite Banking
Wealth Talks
How do you get a large amount of money into an Infinite Banking Policy? We go over the details on this episode. This episode follows the story of one of our real estate clients who came to us for an infinite banking policy. Listen along and learn from this real life scenario. 📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: Follow the Wealth Talks Podcast on: Instagram: Facebook: Listen to the Wealth Talks Podcast on: Apple Podcasts: Spotify:
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549 Audio
Wealth Talks
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Monopoly CashFlow (By Robert Kiyosaki) and Careers
Wealth Talks
These three board games all teach important financial lessons that are important to keeping more of the money you make, putting your money to use so it works for you, and achieving success in life. Success looks different to everybody. But the principles to building wealth, making money, and having a passive income are consistent, and remain unchanged year after year. Listen as we discuss the important life lessons to remember as your pursue success. 📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: Follow the Wealth Talks Podcast on: Instagram: Facebook: Listen to the Wealth...
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Infinite Banking and Whole Life Insurance Questions Answered
Wealth Talks
This episode is all about getting your questions answered about infinite banking and whole life insurance. Questions like: How long should I pay my premium? Do I need to repay my loan? Can I do interest only? Can I stop my premium? How quickly can I borrow from my policy? How to structure loan repayments for Infinite Banking. These questions and more. If you have questions you would like answered, leave them in the comments or email them to us at team@mcfieinsurance.com and we'll address them. Amortization tables based on borrowing $100k and repaying at 5.5%, 8% and 10% with repayments...
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Infinite Banking in a real life situation
Wealth Talks
Growing your money while it accumulates, is necessary to a good savings plan. Having easy access to your savings without having to pay taxes and, without destroying the compounding growth you are earning. Is part of what makes Infinite Banking such a beneficial financial tool. Having a cash cushion allows you to recover the opportunity cost of items you have to finance. Sometimes paying off your debt is not the best option. Listen and hear the story of how one of our clients has used Infinite Banking in his life. 📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: Follow...
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Is Now a Good Time to Buy Gold?
Wealth Talks
With the historical performance of gold in the last 12 months, it has raised a lot of attention and questions, about whether owning gold is an asset, and a good investment right now. You can easily find endless advice and facts, supporting whichever view point on gold you are currently leaning towards. Rather than giving you more advice on what we would do, In this episode we look at the history surrounding ownership and valuation/de-valuation of Gold, the pros and cons of owning and investing in Gold, and have discussion based on that. We don't advise you one way or the other, but rather...
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Infinite Banking and Real Estate
Wealth Talks
Dr Steve Hryszczuk is back on the podcast this week to talk about how he uses his Life Insurance policy cash values and Infinite Banking for real estate and his overall financial strategy. This is part 2 of the interview with Dr. Steve. If you haven't yet heard part 1 make sure you check out last weeks episode! Dr. Steve details how using Infinite Banking has impacted his life in the world of Real Estate investing and beyond. Having liquidity and multiple options for accessing cash has been a huge part of his success. He shares in detail how he has done it in this episode. Dr. Steve's new book...
info_outlinehe SECURE Act was signed into law by President Trump on December 20, 2019. Here are some key changes you should know as you plan for retirement:
Generally, the SECURE Act:
- Removed Maximum Age limit for IRA Contributions
- Increased the age for Required Minimum Distributions (RMDs) from age 70.5 to 72
- Enforces a 10yr distribution window for most inherited retirement accounts - no more stretch IRAs
The SECURE Act is likely to increase age tax-qualified account balances because people will be encouraged to save more in these accounts. It will also increase government tax revenues because of the 10yr distribution rule on inherited accounts.
Also under the Secure Act, employers get a tax credit by automatically enrolling employees in the company sponsored retirement plan (Small-Employer Automatic Enrollment Credit). If you don’t want to be automatically enrolled into contributions to your company retirement plan you may need to take action to opt-out.
Now is a good time to consider how much of your money you wish to invest in tax-qualified accounts compared to paying the tax and building wealth in other types of accounts where you have more control, lower fees and less market risk.
For example: Target-date mutual funds are a default option for most retirement plans with an automatic enrollment. Target-date funds are sold as a “set it and forget it management strategy” and they are also notorious for high fees. Fees are a killer whenever you try to grow your money.
Compare target-date funds with the guaranteed values that build in participating whole life insurance policy over a similar time period. It could make sense to keep the control of your money and lock in guaranteed growth through life insurance + leave any legacy to your heirs income tax-free, instead of putting them into a higher tax-bracket with required distributions on an inherited tax-qualified account.
Wealth Workshop in Las Vegas Jan 18th - Register now
Most people are losing money with typical financial planning. Learn to use Life Insurance as a Financial tool while you’re living so you can keep more of the money you make and have financial peace of mind.