Not Your Average Financial Podcast™

Episode 354: Bank on Yourself® Plus Strategy – From Guaranteed Growth to Guaranteed Lifetime Income (Part 1)

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In this episode, we ask:

  • What are you looking for?
  • What are the reasons for setting up a policy?
  • What are the downsides?
  • What do we need to keep in mind?
  • What about a finite amount of money?
  • What about accumulating?
  • What about taking money in retirement?
  • What about outliving your money?
  • What about dying too soon?
  • What about triggering an estate tax issue?
  • What is the current federal estate tax trigger?
  • What can change?
  • Who will trigger this?
  • What about state estate tax exemption?
  • Will Bank on Yourself® policy holders trigger these estate taxes with the death benefit?
  • What about creating an estate?
  • What is standing there as a shield?
  • What can serve as an estate liquidator?
  • How about a case study?
  • What about unpleasant surprises?
  • What happens if you enjoy retirement?
  • How does this solve the estate tax issue?
  • What about the problem of out living your money?
  • What accounts carry this risk?
  • How much have you built up?
  • How much can you pull each year without running out?
  • What do you avoid?
  • What about market volatility and sequence of returns risk?
  • What about fees?
  • What about taxes?
  • How are you going to make this money last?
  • What is the hardest question of all in finance?
  • What happens with a portfolio of policies?
  • Would you like to hear Episode 252?
  • What about the 1035 exchange?
  • How is this like a 1031 exchange in real estate?
  • What is the plus strategy?
  • Can you roll a life insurance policy’s cash value into an annuity?
  • What is the advantage of an annuity?
  • Will you get paid a lifetime income?
  • How about an example?
  • What about a 401(k)?
  • What did Wade Pfau, David Blanchett and others say?
  • How much would you rather have?
  • What would you prefer?
  • How much would you prefer?
  • What are the downsides?
  • What is there to consider?
  • Are annuities liquid?
  • Are Bank on Yourself® type whole life insurance policies liquid?
  • Can you Bank on Yourself® with an annuity?
  • Do annuities have tax-advantages?
  • Is it purely tax free?
  • What happens with a portfolio of policies?
  • What can you transform?
  • How much do you want guaranteed?
  • What can be used for medical expenses?
  • What about leaving a lump sum to a surviving spouse?
  • Can one take a partial 1035 exchange?
  • Who needs to know about this?

    • ...more
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