Disruptive Money Management

September is Life Insurance Awareness Month, and during these unprecedented times with COVID-19, protecting your family is more important than ever. Statistics show that new life insurance policies started this year has far surpassed the years before. Protecting your family from your unexpected death is simple and can be much more cost-effective than you may think. However, not all life insurance carriers are created equal, and cost for coverage can vary across different insurance companies.

Tune in as Henry busts down the most common myths for life insurance and understand why term life is the best insurance product to protect your family from unexpected death. Working with an independent agent is also the most preferred way of buying term life insurance as they can comparison shop across multiple carriers for the best rate.

If you're in need of insurance, you can reach out to Henry directly at www.disruptivemoneymanagement.com.

Disruptive Money Management with Henry Wong is back with another episode explaining the hottest investment trend of 2020. SPAC, or otherwise known as Special Acquisition Company have been the subject of the major media limelight.

The traditional method of bringing a private company to market via IPO is still strong but even stronger still is the SPAC model. Companies such as Virgin Galactic, DraftKings, and Nikola Motors have all debuted on the public markets through SPAC vehicles. Unlike IPOs of the past, investors are no longer left on the sidelines. Retail investors can have access to these private companies by buying common stock, warrants, or units of SPACs.

Join Henry as he goes over why SPACs are the hottest thing to hit Wall Street and what Main Street investors need to watch out for. For additional questions or inquiries, you can reach Henry at www.disruptivemoneymanagement.com.

In this episode, Henry goes over the steps to take in order to start investing. We all know that investing is the way to build wealth but are you doing it in a tax-efficient manner? Henry goes over why it is important to think first about taxes before just blindly opening up a trading account.

Using the tax-advantaged vehicles like the 401(k) and the Roth IRA is the first place individuals should go when they are ready to start investing. It is only after having completely hit the upper limits on those two areas should a person consider individual taxable investment vehicles.

In addition to tax-advantaged vehicles, Henry also goes over why the Roth IRA has a distinct advantage over the 401k even when 401k's offer a Roth component. The ability to pair stocks into your nest egg is critical for long-term growth. 401(k)'s, inherently, do not have the ability to allow for individual stock purchases and in today's COVID-19 pandemic, we are seeing individuals stocks vastly outperform mutual funds which is what is most common in 401(k) plans.

For further analysis and deep dive into the broader numbers of mutual funds versus the stocks outlined, please check out the blog post at www.disruptivemoneymanagement.com.

In this episode, Henry goes over the key components for indirectly contributing to a Roth IRA. For individuals who are over the income eligibility threshold of directly contributing to the Roth IRA, there is a solution! The Backdoor Roth IRA method allows individuals to still contribute to a tax-free investment account. This process is not without hoops to jump through but the steps are easy to understand and completely do-able.

For those with additional questions, please feel free to reach out to Henry at www.disruptivemoneymanagement.com. Henry would also love to hear your feedback and on additional episode topics so if you have something that's been weighing on your mind regarding your path to financial independence, drop him a line!

As a follow-up to the Traditional IRA versus the Roth IRA, Henry shares the five most common mistakes when using this investment vehicle. The Roth IRA is the quintessential wealth builder account and if you're using this to build your wealth, you want to be sure to catch this episode!

Don't forget to subscribe and share with your friends and family. Disruptive Money Management is available on Apple Podcasts and Spotify. For good old-school reading, you can follow along at www.disruptivemoneymanagement.com.