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In this episode, Michael sits down with Garrett Gunderson, a financial expert reshaping how people think about wealth and legacy. Garrett shares insights on what the Rockefellers did to protect their wealth, how banks leverage life insurance, and strategies for creating financial security across generations. Together, they dive into wealth preservation, smart financial planning, and avoiding common pitfalls that often cost families their financial freedom.
Connect with Garrett Gunderson:
- Discover more about Garrett’s work and philosophy on his YouTube Channel: https://www.youtube.com/@GarrettGundersonTV
- Check out his book, "What Would the Rockefellers Do?" for a comprehensive guide to legacy planning: https://garrettgunderson.com/product/what-would-rockefellers-do
- Visit Garrett’s website: https://garrettgunderson.com/
Key Points:
- How the Rockefellers built a generational wealth model
- The surprising truth about bank-owned life insurance (BOLI)
- Why traditional retirement plans may not be the best option for everyone
- Life insurance strategies for tax-efficient wealth transfer