Not Your Average Financial Podcast™

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

Listen Later

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
    View all episodesView all episodes
    Download on the App Store
    Not Your Average Financial Podcast™By Not Your Average Financial Podcast™
    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    120 ratings

    More shows like Not Your Average Financial Podcast™

    View all
    Creating Wealth Real Estate Investing with Jason Hartman by Jason Hartman

    Creating Wealth Real Estate Investing with Jason Hartman

    540 Listeners

    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,812 Listeners

    Get Rich Education by Real Estate Investing with Keith Weinhold

    Get Rich Education

    611 Listeners

    Main Street Business by Mark J Kohler and Mat Sorensen

    Main Street Business

    587 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    415 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,052 Listeners

    The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

    The WealthAbility Show with Tom Wheelwright, CPA

    520 Listeners

    Master Passive Income Real Estate Investing by Master Passive Income Network

    Master Passive Income Real Estate Investing

    255 Listeners

    Wealth Wisdom Financial Podcast by Brandon Neely and Amanda Neely, CFP®

    Wealth Wisdom Financial Podcast

    52 Listeners

    Real Estate Investing with Coach Carson by Chad Coach Carson

    Real Estate Investing with Coach Carson

    598 Listeners

    Ken McElroy Show by Ken McElroy

    Ken McElroy Show

    716 Listeners

    The Lifestyle Investor - Investing, Passive Income, Wealth by Justin Donald

    The Lifestyle Investor - Investing, Passive Income, Wealth

    288 Listeners

    PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

    PassivePockets: The Passive Real Estate Investing Show

    131 Listeners

    Thinking Like a Bank by Sarry Ibrahim

    Thinking Like a Bank

    41 Listeners

    On The Market by BiggerPockets

    On The Market

    897 Listeners