Not Your Average Financial Podcast™

Episode 123: News Roundup: The SECURE Act Passes, A Billionaire’s Biggest Policy and a WSJ Warning

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In this episode, we ask:

  • What is the SECURE Act?
  • How does this act affect retirement accounts?
  • What about the fiduciary safe harbor?
  • What’s important about 72 years old?
  • What is a stretch IRA?
  • Did you hear the episode on required minimum distributions?
  • Would you like to hear an example?
  • What about taking distributions on inherited IRAs within 10 years?
  • What would the taxable income be in that 10 year period?
  • Are taxes as low as they’ve ever been?
  • When are taxes slated to go up?
  • What has changed with the 529 plans for college savings?
  • Can you now use 529 plans to pay for student loans?
  • What is a target date fund?
  • What is the average return of a target date fund?
  • What are the average rates on a student loan?
  • Can you apply a 529 plan for another child?
  • What about the 1.5 trillion dollar student debt problem?
  • Who purchased a 201 million dollar life insurance policy?
  • Who is the mysterious billionaire? Could it be Elon Musk?
  • Is life insurance a private contract?
  • Why would a billionaire pay million dollar premiums into a life insurance when they can buy literally anything else?
  • What are some of the benefits?
  • Would you like guarantees?
  • Would you like liquid access to cash?
  • Would you like tax advantages?
  • Would you like tax advantaged income in retirement?
  • What about California estate taxes?
  • What states have an inheritance tax?
  • What about the Wall Street Journal’s article on the I.U.L. product?
  • What is the appeal of Indexed Universal Life?
  • What is the massive issue with Indexed Universal Life?
  • What is this fancy “multiplier” and why are the regulators concerned?
  • Will this be a repeat of the troubled Universal Life policies of the 1980s?
  • What is the true cost of these policies?
  • What are the risks?
  • Have you heard Episode 59?
  • Have you heard Episode 60?
  • Have you heard Episode 61?
  • How many times is money mentioned in the bible?
  • Would you pay your neighbor’s debt?
  • What is the story of the church paying the debt?
  • How does this group view credit card debt as a group problem?
  • How does the debt annihilation team work?
  • Would you like to join us LIVE online on February 1, 2020?

    • ...more
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