Today’s video comes from David’s interview with Dave Christy.

They discuss how life insurance and annuities can help maximize your retirement. 

They start by describing the three different ways cash value life insurance can positively impact your financial plan. 

David reveals how IULs can be an excellent replacement for the bond portion of your portfolio. 

David explains why most people get heartburn when they think about paying for traditional long-term care. 

David goes over the unique aspects of cash value life insurance--if you ever need long-term care, the insurer will start paying your benefits in advance of your death to pay for long-term care. 

David covers how cash value life insurance can extend the life of your investments when it comes to sustainable withdrawals in retirement. 

According to David, the problem with the 4% Rule is that it's an expensive way of mitigating longevity risk. 

David describes how cash-value life insurance works and why it's an excellent volatility shield in retirement.

When you utilize cash value life insurance, annuities, and traditional investing together, you will yield higher income in retirement than any other alternative. 

Dave defines prudent asset allocation and how to use it to protect your retirement.

They both agree that the number one rule to being a successful investor is to not sell things when your investments are down. 

For David, every investor should aim to accumulate three to five years worth of living expenses in their cash value life insurance by day one of retirement. 

The IUL is not a stock market replacement. But it will give you more productive returns than a whole life policy.

 

 

Mentioned in this episode:

David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code

DavidMcKnight.com

DavidMcKnightBooks.com

PowerOfZero.com (free 3-part video series)

@mcknightandco on Twitter 

@davidcmcknight on Instagram

David McKnight on YouTube

Get David's Tax-free Tool Kit at taxfreetoolkit.com