Winning at Life with Gregory Ricks

Winning at Life Daily Wrap: 06.12.18


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The summit between Kim Jong Un and Donald Trump was historic for a number of reasons, and you could easily make this case that economics is why this 70 year old Korean War may finally come to a formal end. If peace finally comes, business and trade should get the credit.

Learn how to take advantage of your life insurance's death benefit before you die. Gregory explains there's several ways to access the cash value built up in your life insurance policy, and he has some nifty ways you can use that to minimize or avoid taxes on your retirement income.

Keith in Pearl River has heard of borrowing against your life insurance policy, but how does that actually work? Gregory explains some of the basics, and how Section 7702 in the tax code gives some real advantages to accessing the cash value of a life insurance policy.

You started a life insurance policy years ago to take care of your family should something happen. Now, your kids are all grown, the house is paid off, and there's enough assets built up that you don't really need it for your family's financial security anymore. Maybe you can sell it or cash it out, but Gregory shares a few other ideas on how you can use that policy to get the most money out of it with incredible tax efficiency.

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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks