3 Dimensional Wealth Radio

Among the questions that Doug Andrew regularly addresses each day on his 3 Dimensional Wealth YouTube channel is the question as to how tax cuts help the economy. In light of the upcoming election, Doug wants to highlight two basic philosophies regarding taxes.

There’s one general political philosophy that believes in big government and that believes that you fund big government programs by raising taxes. The other political philosophy, generally speaking, talks about smaller government, self reliance and letting states make most of the decisions. This philosophy also believes that if you need tax revenue for more essential things such as more school teachers or public safety, that the best way to generate tax revenue is raising the revenue that is being taxed.

This means that you can lower taxes and generate more tax revenue than by just raising taxes.

HERE’S A SNEAK PEEK AT JUST A FEW OF THE SUBJECTS DOUG SHARES THIS WEEK:

* What should you be doing to protect your serious money from the prospects of higher taxes? There’s a high likelihood that taxes will be going up in the future, Doug explains how to mitigate this risk.

* Why did Ronald Reagan believe that taxing people at too high a rate created disincentives to build and create new business? Doug recounts the effects of Reagan’s 1986 tax cuts and what we can learn from them.

* What choices do politicians have when the economy is in a tailspin? Doug shares some historical examples of how they’ve responded in the past versus how some say they’d like to respond to our current tailspin.

* How can lowering taxes end up creating more tax revenue than simply raising taxes can? Learn about what happened following 9/11 and how George W. Bush’s tax cuts were proven to have resulted in higher revenues.

* What kind of choice is being offered by the candidates in the coming election regarding how they would like to pay for government programs? Doug explains the key difference in approaches and the likely results.

* Why do so few politicians understand how the economy works and how might that affect your retirement savings? Learn how to position your nest egg so it’s not vulnerable to the politicians who wish to raise taxes.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

For more than 46 years, Doug Andrew has been a retirement planning specialist and financial strategist. In that time, he’s seen a lot of ups and downs in the markets. He’s also seen what works and what doesn’t when it comes avoiding the biggest dangers that cause people to outlive their retirement savings.

The number one danger that can cause you to outlive your money is taxes. This comes as a surprise to many folks who believe that they’ll be in a lower tax bracket upon reaching retirement. Doug explains why this assumption can no longer be counted on and what you need to know in order to avoid a very unpleasant wakeup call.

If you have your nest egg sitting in a tax-deferred account like an IRA or 401(k), this is information you must understand and act upon.

HERE’S A SNAPSHOT OF JUST A FEW OF THE CONCEPTS DOUG SHARES IN THIS EPISODE:

* Why do people choose to string out their taxes in the belief that it is saving them on the taxes they pay? Doug spells out where they are mistaken and why it’s better to get the taxes over and done with.

* What is a strategic rollout and why should you consider one? Doug explains how getting those tax obligations taken care of today, opens the door to tax-free accumulation and distribution in the years you’ll need that money the most.

* Why is it that so few people actually end up in a lower tax bracket at retirement? Learn how we tend to kill off our deductions as we prepare for retirement and how this can come back to bite us in the end.

* How likely are taxes to be even higher in the near future? If you’ve been paying attention to many of the proposed entitlement programs being promised by various candidates, you’ll understand that the revenue to pay for these programs is going to have to come from higher taxes.

* What kind of threat does inflation pose to your retirement savings and what can you do about it? Doug shares the reality that inflation will continue to eat away at every dollar you have saved, so you better be getting returns that outpace the rate of inflation.

* How does leaving your money in the market increase the likelihood that your savings will take a massive hit? Learn the difference between having your money in the market versus having it indexed to the market and how to insulate yourself from market volatility.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

For years, Doug Andrew has advised people to roll their money out of their qualified accounts like IRAs and 401(k)s and get the taxes over and done with strategically. The time to do this is now when tax rates are relatively low and when the prospect of taxes being higher in the future is a near certainty.

Think of all the stimulus bills that have been passed and all the money that the government is shelling out at more than double what they bring in with revenue during an entire year. Where is that money going to come from? According to the Tax Foundation, the most likely way politicians will be looking to finance their spending is to increase tax rates.

If you have money sitting in a tax-deferred account like an IRA or 401(k), it will be subject to those future tax rates that are likely to be much higher.

HERE’S A QUICK PREVIEW OF SOME OF THE TOPICS DOUG COVERS IN THIS EPISODE:

* Why are politicians looking to remove some of the options that have traditionally protected long term capital gains and the like? Doug explains their reasoning and what you should be doing to protect your money.

* What does presidential candidate Joe Biden have in mind when it comes to raising tax revenue to fund the massive spending programs he’s promoting? Doug says the writing is on the wall regarding why and how our taxes are headed higher.

* What should you be doing to protect yourself and your retirement nest egg from the coming tax hikes? Doug has been telling people for years how to do a strategic rollout that gets those taxes over and done with for good.

* What is the difference between a rollout and rollover of your IRA or 401(k) savings? Doug explains how only the rollout gets your taxes paid, at today’s lower rates and allows you to avoid unnecessary taxes from that day forward.

* Why does Uncle Sam want you to keep your money in a tax-deferred vehicle? Doug spells out how Uncle Sam looks forward to collecting in taxes at least a third or more of whatever you’ve got saved.

* If you had the choice of what to do with the tax money you’d save by doing a strategic rollout, could you do a better job than the government could? Doug shares what his clients have told him when they are asked this question.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

If Doug Andrew were to tell you that most IRAs and 401(k)s are both horrible, would that strike you as unnecessarily harsh? Despite the fact that so many people save for retirement in on of these vehicles, it’s an opinion that is shared by many who are in the know.

Over the past several years, a number of major national publications have stated “it’s time to retire the 401(k)” or called the 401(k) “a financial flop.” Their point is that it’s time to replace it with something better. Even the Wall Street Journal has noted that the original champions of the 401(k) now lament the day that they ever came up with that idea.

In this episode, Doug goes into the difference between an IRA and a 401(k) and offers some far better alternatives in which to save for your your brighter future.

CHECK OUT THIS SNAPSHOT OF SOME OF THE TOPICS COVERED IN THIS WEEK’S BROADCAST:

* What makes a 401(k) or IRA a ‘qualified plan’? Doug explains that the first thing we must grasp is that they are qualified with the government through the IRS and the Internal Revenue Code.

* What are the fundamental differences between the 401(k) and IRA? Doug spells out differences as well as their commonalities.

* How does the Roth IRA figure into this picture? Learn how the Roth differs from traditional IRAs and 401(k)s and how it came about.

* What is the difference between waiting until retirement to pay taxes on your savings versus paying them up front? Doug has a marvelous analogy of a farmer paying taxes on his seed money versus paying taxes on his harvest.

* Why do so many people find themselves in a tax bracket that’s as high or higher than when they were working? Doug explains why this happens and why you should not count on your taxes being lower either.

* Why is tax-free accumulation so much better than the tax-deferred vehicles like 401(k)s and IRAs? Learn how to get those taxes over and done with and watch your money accumulate and be accessed without taxes or penalties.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

Doug Andrew regularly records videos for his 3 Dimensional Wealth YouTube channel. These videos provide timely answers to frequent questions Doug encounters regarding his favorite money accumulation vehicle. He also is regularly asked how his favorite vehicle is different from whole life insurance.

In over 46 years as a financial strategist and retirement planning specialist, Doug’s favorite accumulation vehicle has distinguished itself from all other contenders. It provides advantages that other vehicles cannot.

This includes IRAs and 401(k)s that will be taxed when you start accessing your money. By contrast, Doug’s favorite money accumulation vehicle allows you to accumulate your money tax-free and to access your money tax-free for the rest of your life.

HERE’S A QUICK PREVIEW OF JUST A FEW OF THE TOPICS COVERED IN THIS EPISODE:

* What does Doug’s favorite money accumulation vehicle provide that a Roth IRA can’t? He describes the 2 similarities as well as the 4 additional features it offers that a Roth doesn’t.

* Why is tax-free accumulation and access a better way than taxed-as-earned or tax-deferred accumulation? Most people don’t understand this until they fork over roughly one third of their nest egg to Uncle Sam.

* How does this particular accumulation vehicle compare to savings vehicles? Doug explain what a properly structured, maximum-funded, tax-advantaged and indexed universal life insurance contract can provide.

* Is there a difference between universal and whole life insurance? Doug explains how one can be structured to provide living benefits rather than simply a death benefit.

* How can you accumulate your retirement nest egg tax-free and access that money, tax-free, without being penalized severely? Doug describes how the proper accumulation vehicle does all this and then actually blossoms in value at the end of your life and transfers tax-free to your survivors.

* Can this money accumulation vehicle shrug off the kind of market volatility we’ve seen lately? Doug describes what it’s like to be able to enjoy the upside anytime the market grows without risking losing principal during market downturns.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

Among the many questions Doug Andrew is asked each week on his 3 Dimensional Wealth YouTube Channel is the question of whether the bank-on-yourself concept is actually a scam. Typically this question is followed by inquiries into how bank-on-yourself actually works and what the infinite banking concept really is.

This is a pretty powerful concept than can be traced all the way back to biblical times.

In today’s episode, Doug explains the details of the infinite banking concept and then describes how to best implement what’s known as the bank-on-yourself strategy. These are ideas that have been written about and taught by financial geniuses like Nelson Nash and Pamela Yellin. It’s a subject that Doug himself has written about extensively in all 11 of his own books as he describes how to be your own banker.

HERE’S A QUICK SNAPSHOT OF JUST A FEW OF THE SUBJECTS DOUG SHARES IN THIS WEEK’S BROADCAST:

* What does it mean to be your own banker? Doug explains what it is that banks and credit unions do and how it relates to the biblical parable of the talents.

* What are the 4 things you can do with money? Doug spells out what each of these actions are which will help you to grow your money as it works for you.

* Do you understand what banks and credit unions actually do with your money that you’ve deposited? Learn how interest can either work for or against you depending upon whether you are a borrower or a lender.

* Is there a difference between good interest and bad interest? If you’ve ever borrowed money to consume, you need to hear this explanation.

* How can you create a win-win situation where your money is concerned? If you’re simply socking that cash away in the bank, it’s a safe bet that your money is working for them but not so much for you.

* Why should any life insurance contract that you own include not just a death benefit but living benefits as well? Doug shares how properly structured maximum funded life insurance contracts can make it possible to accumulate and access your cash tax-free.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

Doug Andrew is fresh back from the annual Grandpa’s Camp that he holds with his 17 grandchildren and has a timely and essential message for his listeners. This year’s Grandpa’s Camp focused on lessons in being responsible and accountable to yourself, your family, your fellow man, your country and your God. It’s a message that also carries over to Doug’s work at 3 Dimensional Wealth.

The earlier in life we learn these types of lessons, the greater the advantage as we move forward. This can apply in other areas of our lives as well.

If you currently have money accumulating in an IRA, a 401(k), a 403(b) or similar qualified plan, Doug has an important message regarding the penalties that can be incurred if you try to access your funds before age 59 1/2. There are also penalties for not accessing that money annually after age 72. Leaving that money in a tax-deferred vehicle means you’ll pay through the nose eventually. Better to get the taxes over and done with and be done with before tax rates can go higher.

CHECK OUT JUST A FEW OF THE HIGHLIGHTS DOUG COVERS IN THIS WEEK’S EPISODE:

* How will the massive stimulus spending in response to COVID-19 affect your future taxes? Learn why Congress may have no choice but to seriously hike taxes to covered its unprecedented spending.

* Is there any advantage in postponing taxes in an IRA or 401(k) until the account value is even bigger? Remember, the likelihood of tax rates going down is virtually nil, at this point.

* Why would it make sense to get your money out of these tax-deferred accounts and get those taxes over and done with forever? Doug explains how it can be done sooner than later and why now may be the best time of all.

* How has the IRS softened its requirements and penalties on those who need to access their retirement funds due to hardship related to the coronavirus pandemic? Doug spells out what those changes are and which ones you should be taking advantage of.

* If you qualify to access those funds under the hardship rules, should you take the minimum or maximum amount out of your IRA or 401(k)? Doug says jump on the opportunity to get that money out and those taxes paid while they’re the lowest they’re likely to be for some time.

* Assuming you have money left over, where should you put that money once you’ve taken it out of your tax-deferred account? Doug describes his preferred tax-free accumulation vehicle that allows for liquid assets safely earning predictable rates of return.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

If you haven’t already visited Doug Andrew’s 3 Dimensional Wealth YouTube channel, you should do it soon. Each day, Doug posts an answer to common questions that his clients and his students are asking. He recently did a series of 21 videos regarding questions he’s received about his favorite money accumulation vehicle.

In his more than four and a half decades of being a financial strategist and retirement planning specialist, one savings vehicle has stood out from all others. Ironically, the financial services industry won’t let you call it an investment.

Doug is fine with that. Because investments will be taxed sooner or later. This includes IRAs and 401(k)s that will be taxed when you start accessing your money. By contrast, Doug’s favorite savings vehicle allows you to accumulate your money tax-free, to access your money tax-free for the rest of your life. Sounds intriguing, right?

HERE IS A QUICK PREVIEW OF JUST A FEW OF THE TOPICS DOUG SHARES THIS WEEK:

* How does Doug’s preferred savings vehicle compare to other ways to save? Doug describes what a maximum-funded, tax-advantaged, indexed and properly structured universal life insurance contract can do for you.

* What advantages does Doug’s favorite money accumulation vehicle have that a Roth IRA can’t provide? Discover the 2 similarities and the 4 additional features this vehicle offers that a Roth can’t.

* How does this money accumulation vehicle deal with the kind of market volatility we’ve seen recently? Doug explains the advantages of being able to enjoy the upside when the market expands without losing principal during market contractions.

* What does tax-free accumulation and access have over the taxed-as-earned or tax-deferred approach? If you’re not excited at the prospect of handing over roughly a third of your nest egg to Uncle Sam, you’ll want to know this.

* What is the most important difference between universal and whole life insurance? Doug explains how only one can be structured to provide living benefits instead of simply a death benefit.

* Can you really accumulate your retirement savings tax-free, and also have access to your money tax-free without paying steep penalties? Doug spells out how it’s not only possible but also how his preferred vehicle actually blossoms in value at the end of your life and then transfers tax-free to your survivors.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

Doug Andrew hears hears a lot of different questions from subscribers to his 3 Dimensional Wealth YouTube channel. One of the questions he’s heard regularly is this one: What’s the minimum amount that I can invest to become a millionaire? As Doug explains in this week’s episode, the amount required could be as little as $500 per month.

The amount of time you have to let this money accumulate, the amount that you put in and the rate of return are all crucial factors in reaching this goal. Plus, if you’re serious about becoming a multimillionaire, you’ll want to think in term of “what’s the most” rather than “what’s the least” money you could be putting away each month.

Choosing the right vehicle in which to accumulate this money is important as well. Will your money accumulate in a taxed-as-earned, tax-deferred or tax-free account? As Doug explains, choosing the right vehicle, combined with the miracle of compound interest, can make this goal a reality.

CHECK OUT THIS SNAPSHOT OF JUST A FEW OF THE SUBJECTS COVERED THIS WEEK:

* How can future taxes hikes affect your long term savings and your financial future? Doug shares the critical difference between the protection of tax-advantaged saving and everything else.

* Is that IRA or 401(k) setting you to surrender nearly 1/3 of every dollar you’ve put away? Doug reminds us how the government is eagerly waiting to get its cut of every tax-deferred dollar you have.

* Why must you protect your nest egg from that inevitable day of reckoning with the tax man? Learn how tax-free accumulation can put to rest any worries about outliving your retirement savings.

* What’s the difference between planning for retirement and the planning needed at retirement? Discover why your investments must be chosen wisely to maximize the income they’ll produce once you’re retired.

* Can you benefit from times when the market grows without getting waylaid when the market declines? Doug shares what indexing is and why should it be a key part of your financial strategy.

* What is the preferred savings vehicle to protect your savings from the ravages of higher taxes, rising inflation and ongoing market volatility? Doug describes his preferred vehicle and how it makes it possible to enjoy liquid assets safely earning predictable rates of return.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.

Each day, Doug Andrew posts an in-depth answer to a specific financial question on his 3 Dimensional Wealth YouTube channel. Recently he was asked, “Why does it take 5 years of funding to qualify for tax-free retirement income?” The people asking this question are often professionals like CPAs and tax attorneys.

They want to better understand why the IRS has such a requirement.

This is where Doug is quick to point out that IRAs and 401(k)s are tax-deferred rather than tax-free. This means that most people are simply putting off the taxes that the IRS wants until a later time when they hope to have some perceived advantage. But what if there was a better way to accumulate and grow your money tax-free, perfectly in harmony with existing IRS code?

HERE’S A QUICK PREVIEW OF JUST A FEW OF THE SUBJECTS DOUG COVERS THIS WEEK:

* Is it really possible to accumulate your money toward any long term goal, such as retirement, totally tax-free? Doug lays out the ways that you can not only accumulate your money tax-free but access it tax-free as well.

* What was the brainchild of E.F. Hutton back in the 1980s that opened the door to this kind of tax-free savings? Learn the history of the Maximum Funded Tax Advantaged (MFTA) vehicle that became Indexed Universal Life insurance(IUL).

* What are the differences between living benefits and a death benefit when it comes to life insurance? Doug explains the fundamental difference between universal and whole life insurance.

* Why is it so essential that your retirement savings be able to generate tax-free income without depleting your principal? If you’ve ever worried about the possibility of outliving your nest egg, Doug has a solution.

* How does indexing provide this vehicle the ability to enjoy gains during those times the market is growing yet not lose money during market volatility? Doug shares the answer to how you can sleep soundly at night regardless of what’s happening in the market.

* Why are investments always taxable but savings vehicles like an IUL aren’t? Doug explains the relevant sections of IRS code which have existed for over a century.

* And much, much more…

Start by visiting with a IUL Specialist today.

What If You Could Make Your Money Work as Hard as You, Without Additional Risk? Click Here Get Your FREE Copy of The LASER Fund Today….

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.