Wealth Talks

Was your question answered? A few weeks ago, Tom and John devoted an episode to answering questions from you, our listeners. But they didn't get to all of them. This week, Tom and John are back to answer those questions.

Also, check out the details for our upcoming LIVE event.

Sustainable Wealth Seminar Sept 17-18th

Many people want to know… should they pay extra interest to their policies? This is not a simple yes or no question. The answer will vary based on few different factors, including how the policy was designed.

On this episode Tom and John dig into policy design and whether or not paying extra in interest make sense.

Sustainable Wealth Seminar Sept 17-18th: https://www.life-benefits.com/sustainable-wealth-seminar/

Tom and John are joined on Wealth Talks by Dr. Steve Hryszczuk.

Dr. Hryszczuk, a Life Benefits client for many years, has carefully managed his policies to successfully invest in real estate as well as financing other things in his life. Today, he shares the different ways he has been able to use his policies, as well as sharing some sound thinking for investing in real estate.

He sends 2 pictures of the foundations for the new Hryszczuk family home and writes...

Here's a metaphor of how I view my WLI [whole life insurance]

It's stable, predictable and always available.

Maybe not the most sexy part of my house, but without it the whole edifice will collapse.

Today's episode is all about answering questions from you and others who listen to WealthTalks.

From questions about serving clients in different geographical locations, to strategy and policy design concepts – you all have some great questions. And we're not done yet…more coming in a few weeks.

Do you have a question for Tom and John? Submit your question to: [email protected]

Recently there was an agent who was claiming to help people with the Infinite Banking Concept. Instead, he was swindling them.

On today's episode Tom and John break down this guy's swindling setup, talk about scenarios which should have been red flags to his clients and what finally happened to the guy. They also share some practical financial tips which can help keep you from being conned.

Sustainable Wealth Seminar Sept 17-18th: https://www.life-benefits.com/sustainable-wealth-seminar/

People are outliving their money, leaving themselves broke in their retirement. It isn't solely because they aren't saving enough, it's also because they are saving in the wrong places.

In today's episode Tom and John assess the current retirement crisis to find out what went wrong. They also share details about our upcoming LIVE event which focuses on being Debt Free, Investing and Funding Retirement.

Sustainable Wealth Seminar Sept 17-18th: https://www.life-benefits.com/sustainable-wealth-seminar/

In 1993 Shawn Tully wrote an article in Fortune Magazine entitled The Real Key to Creating Wealth. The concept of Economic Value Added (EVA) which Tully described changed the way the corporate world looked at creating wealth.

While Tully's article was directed towards the corporate world, the concept is relevant to personal finance as well.

Today on Wealth Talks, Tom and John discuss Tully's article and how it can change your approach and success for building wealth.

If you have business partners or plan to enter a business with partners, this show is important for you. If one partner dies or needs to exit your venture, you need to be able to protect your assets and buy out the missing partner.

This show covers some general information about the different types of Buy-Sell agreements and how these agreements can be funded effectively.

You'll discover:

• Three basic types of Buy-Sell agreements
• How they work
• Some downsides and benefits to various buy-sell structures
• Why life insurance is often used to fund buy-sell arrangements

If you have questions about structuring your buy-sell agreement, call Life Benefits at 702-660-7000.

10 years ago, Prescription for Wealth made its debut. This small book has stood the test of time, challenging the complex financial schemes of our day with simple truth.

Later books, Winning Your Financial Game, Retirement Curveball and Building Sustainable Wealth expound on the principles explained, in a nutshell, in Prescription for Wealth.

As simple as these principles are, they have drastically changed the financial well-being and lives of many who have put them into action.

Prescription for Wealth is available on Amazon: https://www.amazon.com/Prescription-Wealth-Why-Should-Rich/dp/0983475768/ref=sr_1_1?dchild=1&keywords=prescription+for+wealth&qid=1623703890&sr=8-1 and on the Life Benefits Store: https://www.life-benefits.com/store/

Order before Wednesday June 16, 2021 to receive in time for Father's Day!

Resources:

Prescription for Wealth pdf download: https://www.life-benefits.com/prescription-for-wealth-book/

The step-up in basis or stepped-up basis allows property and businesses to be passed to the next generation without a tax on the appreciation.

Biden's new tax plan depicts removing the step-up basis. Removal of the step-up basis will seriously jeopardize the financial legacy of many Americans.

Today on Wealth Talks, Tom and John discuss how we can prepare to leave a legacy in spite of this.

How to Build Sustainable Wealth – Get the book: https://www.life-benefits.com/store/