Taking a loan from a policy is easy, but there are questions that can arise. Will taking a loan decrease my death benefit? Why does the insurance company charge interest?  When should I pay off my policy loan? This week, Tom and John answer all these questions and many more. Listen Now on Wealth Talks. Resources How to Build Sustainable Wealth: https://www.life-benefits.com/store/

Wealth Talks

Taking a Policy Loan? Here’s what you need to know

Lots of people seem to be gung-ho on investing in the market. Whether they’re trying to make a lot or make a little, build their dream home or supplement social security. Sometimes these folks only know enough to be dangerous. This episode is a chilling reminder as to how rough and unpredictable a road the market can be in reality. And talking of social security. What’s might happen to this program? Tom and John share thoughts about this and discuss wealth killers such as fees, interest and taxes. Listen Now. Resources How to Build Sustainable Wealth: https://www.life-benefits.com/store/ Note: Investing information provided in this podcast is for educational purposes only. Life Benefits, LLC does not offer advisory or brokerage services, and does not recommend or advise investors to buy or sell particular securities.  

Investments, Social Security and some other Stuff

America has been the face of benevolence for years. Has this benevolence contributed to the deterioration of America today? It is good to be compassionate and sharing, but we need to make sure we are not giving away what we need to take care of our own responsibilities. Listen in as Tom and John address the problem of benevolence and possible side-effects in your personal finances as well as at a cultural level. Resources Link to Seminar recording: https://www.life-benefits.com/store-detail/#sw-seminar Link to Policy Class: https://www.life-benefits.com/store-detail/#policy-class  

Has Benevolence Crippled America?

September 17-18th marked our first LIVE event since early 2020. It was wonderful! Seeing people in person, face to face, is something no Zoom conference can replace. Today on Wealth Talks, Tom and John are joined by Michele. Together, they give you a brief synopsis of the event. Resources: Link to recording

What Happened on Sept 18th?

Can small fees hurt you?

Taxes are unpleasant, yet it is important to plan for them if one wants to pay as little as possible. Sadly, many people are planning in a way that will cost them in the long run. Today, Tom and John are joined by special guest Martha Baker-Starr, a Certified Tax Coach™. Together, they talk about the importance of planning for taxes over the long term. Listen now on WealthTalks. Contact: Martha@ProsperousStrategies.com  or call 803-256-1083 ext 104

Long Term Planning for Taxes

We put fences around our homes and locks on our doors to protect our physical property. But do we do anything to protect our intellectual property? Coca-Cola, MacDonald’s and Nike sure have, but what about us? Intellectual property is extremely important and should be properly protected, but it’s tough to know how to do so. Should you file for a Copyright? Trademark? Patent? Even if you know which form of protection is right for you, filing with the US Government can be a real pain. Today on Wealth Talks, Tom and John are joined by Attorney Mark Wright. Mr. Wright has an extensive history of protecting intellectual property across the private, corporate, and government sectors; from small businesses to Fortune 500 companies. Listen now to hear His insight on intellectual protection.   Resources: Attorney Mark Wright contact: info@wrightlawgroup.com

How to protect your Intellectual Property

Average returns don’t mean actual returns. On the surface this doesn’t sound like it would be a huge issue. But it is.    In addition, the benefit of a 401(k) tax deferral used to be estimated about 9%, but not anymore. And fees continue taking a steady told each year which erodes your compounding base.    These factors, as well as liquidity issues and insufficient accumulation of funds in most plans are prompting people to save in other vehicles even if they continue to use a 401(k). 

How Average Returns and Tax Deferrals Affect Most 401(k) Plans

Many of those who speak about the evils of making money are the ones who aren’t making any. Today on WealthTalks, Tom and John talk about why Earning money, as well as Keeping and Giving money, are so important to building and sustaining a strong society. Make sure your children learn about the flow of money and value in meaningful ways as they grow up, so they can become more productive and creative as adults.

Why is making money so important?

Interest is often seen as a negative thing, but is it? Many people confuse interest with usury, but the two are distinctly different. Today on Wealth Talks, you will learn the difference between interest and usury, and how to use interest to your advantage. Also, Tom and John share the next big thing they see coming in the financial world and what you can do to prepare. Ready to take control of your money? Attend our upcoming LIVE event.  Sustainable Wealth and Investing Seminar Sept 17-18th

Interest, Usury and What’s Next?

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

Questions Continued

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/

Should you pay extra interest?

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.

An Interview with one of our Clients

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: john@wealthtalks.com

Questions from the Listeners

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/

This Guy was a Crook

Wealth Talks podcast is an educational podcast that helps you build Wealth in all areas of your life. Increase your Financial IQ, develop personal growth, and create a lasting legacy all while getting exposed to the strategies that successful people are using. You’ll get actionable strategies and intelligence that you can immediately put to use to start creating real and lasting generational wealth. See more on our website: https://www.life-benefits.com/podcasts

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Wealth Talks

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