Savings

Have you considered the risks of storing capital in a whole life insurance policy? Whole life insurance is my favorite asset for long-term capital protection and resilience. However, like any asset, it’s vital to understand the potential risks. Here are 3 common risks and how to mitigate them: 1. Set-up costs: • Whole life insurance…

Me 10 years ago: I can’t buy that investment property. Why not? I don’t have enough money. Do you know any lenders or qualify for low-to-zero money-down options? No, and I don’t think so. What about your savings and investments? I don’t have enough. Do you save or invest? I do, but it’s all in…

Why do I think resilience is the key to success in life and finance? My ability to bounce back from setbacks and keep fighting through adversity determines my success. Many things can and will happen outside my control that could throw me off track. That’s certain. The key is to be resilient enough to continue growing and progressing.…

Do you have the courage to pivot when you discover new information? Are you humble enough to ask if there’s a better way? I’ve never been the type to think my way is the only way. I’m not the strongest, the smartest, the most athletic, etc. There’s plenty out there that I don’t know much about. This is…

If you’ve been paying attention, you’ll know that bonds aren’t what they used to be. Values are declining, risk is up, investors are selling, bond funds are underperforming, and municipal bonds are no longer the safe haven they once were. “With the demise of the bond insurance industry in the financial crisis, credit quality in…

As we approach Valentine’s Day, millions of Americans will celebrate with special dinners, cards, flowers, chocolates, and “I love you’s.” Unfortunately, millions more won’t be celebrating their relationship, because they were torn apart by conflicts over money. “Money fights predict divorce rates,” says the New York Times. 80 percent of couples fight about money, says…

One of the biggest fears people have is running out of money in retirement. And for many Americans, this is a very real risk, not an irrational phobia. If you are a reasonably healthy 65-year-old non-smoker, actuarial tables estimate you’re likely to live to age 86, as a man, and 89, as a woman. And…

What does the principle of certainty mean to you when it comes to your financial strategy and the investments and products you choose to purchase? Are you thinking about whether or not your money will be available when you want to use it 5, 10, 20 years down the road? When you are analyzing whether…

Let’s take a look at two different strategies for financing the down payment of a typical buy and hold real estate investment. One strategy uses a policy loan from whole life insurance, the other uses cash from a bank account. Investment opportunity assumptions: ● Single family rental ● Purchase price: $100,000 ● 25% down payment:…

A common question we get, whether it be from a client starting his or her first policy or from someone interested in learning more about dividend paying, high cash-value whole life insurance, is, “What do I do with a policy once I have it?” So that you will get maximum benefit and enjoyment from your…