Paying Less Taxes during Retirement

Paying Less Taxes During Retirement
Paying Less Taxes During Retirement

The Fed’s tax revenue is up by a startling 14% from last year. And The Washington Times recently reported that tax revenue collected in April was at a record breaking 472 billion.

However, another record breaking statistic is the amount of total taxes collected in the 2014 fiscal year, which was a whopping $3 trillion! This is the highest amount of revenue the Feds have seen in history!

If you’re like me and are shocked by these statistics, you probably feel that you are paying too much in tax. Paying too much in taxes results in a negative effect on my retirement savings, and probably yours as well.

After filing my 2014 taxes, my CPA told me I paid 6% more in tax last year compared to the year before. This 6% increase was not because of the extra income I made, but because of what the federal government did with the disbursement of wealth i.e. The Affordable Care Act (Obamacare), and other government entitlement programs that taxpayers’ support.

Though the government is mandating more tax from us for subsidy programs, doesn’t mean we need to financially suffer – especially when it comes to our retirement.

Learn Wealth Building Principles

Paying Less Taxes

What can be done to your financial plan to reduce taxes during retirement and keep your assets private?

I’ve chosen to allocate a portion of my income to Whole Life Insurance.

By using whole life insurance in your financial plan, it can allow you to slash your future tax bill and save more money.

Your money placed inside a Whole Life policy acts as a tax shelter because your policy grows tax free, and you can receive retirement disbursements without penalty or tax.

A whole life policy is a private contract between you and a mutually owned insurance company, the government cannot interfere with that contract like they can with other retirement plans.

How Cash Value is the “Kicker”

The distinct difference between term insurance and whole life insurance is the cash value. Cash Value comes as a game-changing feature to a whole life policy because of the death benefit.

As a policy owner the death benefit is your leverage with the insurance company. The more you pay into your policy to fund a death benefit, your cash value simultaneously increases, and you can borrow more from the insurance company. This contractual benefit is what enables policy owners to access liquidity at any time and for any reason. As mentioned before, Whole Life Insurance is also a private asset – no reporting to the government or IRS of the cash value.

This strategy can increase your savings dramatically as well as give you the freedom of liquidity during retirement. Properly structured whole life insurance can not only protect your assets, but keep them completely private too. By adding whole life insurance to your financial portfolio you can create a life of tax free income during retirement.

Read – Infinite Wealth: A Different Kind of Retirement

Watch – Preparing for Your Complete Retirement Journey

Listen – The Economy and Your Retirement

Whole Life Insurance: Your Regime to Remaining Fiscally Fit

Whole Life Insurance, Your Regime to Remaining Fiscally FitYour bills are paid on time, you have some money put away in a savings account, and you even have managed to invest some additional income into some low-risk assets. The rest you either add to your savings or have at your disposal for extra-curricular.

This scenario presents a relatively healthy financial account and lifestyle, right? Wrong, so what is missing? There are four items that all of your financial accounts should be measured against to ensure fiscal health.

  1. Control
  2. Growth
  3. Stability / Security

Having a healthy flow and reserve of cash is the best way to ensure that your financial life is fit. And a Whole Life Insurance policy is the top way to gain and maintain stability, growth, and control.

Here is how:

Ways Whole Life Insurance Helps You to be ‘Healthy’ Financially

A Whole Life policy provides solutions to each categories of a healthy financial account and lifestyle.

Control over your money and personal economy, and access to your moneyas a Whole Life policy holder, you decide how the cash value of your policy is used and when. You control how your policy is maintained and managed. Because you chose what items in your life need financing, with your Whole Life policy there is no loan screening from a bank.

Growth of your cash flow and assetsa Whole life policy allows you to grow your personal economy through the cash value it provides. This cash value is available to you whenever you need and for whatever you need. It’s like having a very good reserve of savings that you are able to use and still maintain a healthy level of savings.

Stability / Securitya Whole life policy provides stability to your financial life. Unlike a bank or typical asset investments, Whole Life insurance is not subject to the stock market. Nor is it beholden to the FDIC and only insurable by a fixed amount. It provides the stability of cash flow when needed, and security that you will still be financially sound through retirement.

Regardless of whether you currently feel your financial life is already in the best shape of its life, or is chronically diseased with debt; a Whole Life Insurance policy is the remedy to keeping your financial life healthy.


Read:    Banking on Long-Term Success

Watch:  Practical Uses of Infinite Banking

Listen:   The Wealth Standard (Radio Station)






A Snapshot of the Cash Flow Wealth Summit

cash flow wealth summit
A Snapshot of the Cash Flow Wealth Summit

Paradigm Life just wrapped up participating in the first annual Cash Flow Wealth Summit. This inaugural event turned out exceeding not only our expectations, but attendee’s expectations too. It was truly the first of its kind – a revolutionary (and virtual) Fin Tech event.

The Summit was also an extremely unique experience for those in attendance. Every participant was able to listen and learn from the comfort of their own home or office, yet still reap the same benefits as if being physically part of a brick-and-mortar financial conference.

Each attendee had the opportunity to engage with other attendees and speakers through chat rooms located at the virtual exhibit hall, which housed the presenter’s documents, blog links, books, and more.

Here’s just a few of the many attendee’s comments:

“The [CFWS] gave me a wealth of information, I enjoyed it tremendously!” 

“I enjoyed every moment of this summit! Great information! Thank you.” 

“Hands-down, this information was crucial for beginning Real Estate Investors. Many many thanks.” 

“Very informative. Great Presentations!” 


The speakers chosen to present at the Summit came from many different industries, but they all had one thing in common – they’re excellent at attracting, building, and sustaining a cash flow.

For instance Kim Kiyosaki, wife of Robert Kiyosaki, and author of Rich Woman, was one of the keynote speakers, as well as Ken McElroy, leading Real Estate Investor and Rich Dad Advisor.

Learning from the best and brightest minds in wealth building today is exactly why the Summit took place, and topics discussed were:

·         Proper Asset Protection ·         The Breakdown of Inflation
·         Real Estate Investing Markets ·         Tax Planning
·         Privatized Banking ·         Podcasting and Media Marketing
·         Social Entrepreneurship ·         Online Business & Networking


If you missed out on the Cash Flow Wealth Summit, there’s still time to listen. Each presentation will be available On Demand for 30 days.

So, take the opportunity to learn from individuals like Rich Dad Advisors, Real Estate Investors, Mediapreneurs, and successful Business Owners who have found financial abundance themselves.

Until next year, we hope you take the opportunity to listen to the summit and learn how to incorporate principles of financial abundance into your life.

Cash Flow is King

Cash Flow is King

You’ve heard the old saying that “Cash is King.”  Those who have the cash, make the rules, it says.  Well, today, let’s use that idea to talk about the concept of “Cash FLOW as King!”

Why Your Cash Flow is so Important 

Cash flow dictates your financial reality and your potential to reach your goals.  Increasing your cash flow would seem like the easiest way to increase your wealth…BUT…controlling your cash flow, and more importantly, ensuring that it all doesn’t flow AWAY from you is equally if not MORE IMPORTANT!

The strategies we teach here at Paradigm Life focus on key areas of the cash flow equation.  When our clients learn how to harness the attributes of High Cash Value Permanent Life Insurance, they learn how to effectively and efficiently gain more control of their Cash Flow, therefore putting them in greater control of growing their wealth!

The strategies you can learn at the Cash Flow Wealth Summit are also critical to learning how to better control cash flow in your life!  You can learn how to:

  • Increase your Cash IN-Flow through Real Estate, Business, Investing, Crowdfunding and more!
  • Decrease your Cash OUT-Flow through Strategic Tax & Legal Planning
  • Improve your Cash Flow Mindset, and become more prosperous in more areas of your life!

How to Learn How to Manage Your Cash Flow 

At Paradigm Life our main objective is to educate anyone and everyone about the benefits of Permanent Life Insurance and how to grow your personal economy and wealth.

Being well educated in financial matters only increases one’s potential to remain fiscally responsible and allows for increased wealth and financial stability.  This is why Paradigm life offers a wealth of financial education for free.

Understanding how to generate and manage your cash flow is one of the many main topics that top financial experts will be highlighting at the first annual Cash Flow Wealth Summit. The summit is also free and is an extension of the philosophy that Paradigm Life promotes daily.

The Cash Flow Wealth Summit is set to be one of a kind event…consider using it to become King of YOUR cash flow, and increase YOUR wealth!

  • Bryan McCloskey

Increasing Your Cash Flow

increasing your cash flow
Increasing Your Cash Flow

Robert Kiyosaki, author of Rich Dad, Poor Dad and advocate of the cash flow concept states, “The primary cause of financial struggle is simply not knowing the difference between an asset and a liability.” (Rich Dad, Poor Dad p. 61)

Upon reading that, did your eyebrows raise? In a world that is chalk full with most things being purchased on credit, you’d think people know the difference between an asset and a liability – true, right? False.

For instance, home ownership is not an asset, at least according to Rich Dad, Poor Dad. If whatever you’re financially obligated to does not put money into your pocket, then consider your assets to really be liabilities.

How do you move your financial situation from owning liabilities to owning assets?

Increase your Cash Flow.

President Nixon, in 1971, moved our currency completely away from the gold standard. When that happened, it gave the Federal Reserve even more control of how the dollar valued.

From that point on, the dollar’s value consistently went down, while inflation went up. That’s why your cash is more valuable today than it will be tomorrow. When it comes to increasing your cash flow, it’s imperative to know how the dollar stands in the economy, or else you’ll find yourself spinning your own wheels as your try to generate more money.


How do you increase your cash flow?

Your cash can be increased in number of ways, but besides trading your time for more money, you can first start with purchasing assets that satisfy an opportunity cost.

Since we do work with a fiat currency, interest now speaks louder than the actual dollars that you have in your possession. If you use interest to your advantage, then increasing your actual cash can happen quickly.

If you already have cash, how are you at managing it? Here are a few questions that can help you determine how diligent you are with your money:

What is my cash balance right now?

What do I expect my cash balance to be six months from now?

Is my outflow of cash greater than my incoming cash?

Can you successfully separate your profit from your cash flow?

Though our economy operates on cash and interest, the opportunity given to each of us is that we have a choice with where to put our energy and time to earn a living. There is no specific way to build your financial legacy. The best approach to cash flow is education. Learn about the right places to invest your money to maximize your financial freedom.

Join the Cash Flow Wealth Summit today to learn about lasting financial principles.

The Cash Flow Wealth Summit

#cfwsummitWhat is the Cash Flow Wealth Summit? If you picture a meeting where the cash is flowing, you wouldn’t be too far off. While the ‘cash’ is not referencing tangible money being passed out; the wealth of financial knowledge and education that will be flowing is priceless.

A fully virtual meeting with over 30 speakers scheduled to provide hours of expert knowledge regarding all things of the financial industry. And whether you are well-versed in the world of finance, or you can barely balance your checkbook, the range of information that is being provided includes something for everyone.

And the best part, the entire summit is being offered to registrants for free.

Bestselling Authors, Social Entrepreneurs and Top CEO’s Oh My!

For those who are familiar with top experts in the financial field, the excitement level for you may already be palatable. Getting to hear top financial advice from admired financial gurus all in one event is momentous.

However, if you have never heard of such bestselling authors like Kim Kiyosaki,, social entrepreneurs Josh Lannon and Lisa Lannon, or innovators like creator of Fundrise and Crowdfunding master Ben Miller; here is a snapshot of why so many in the financial industry are already calling The Cash Flow Wealth Summit the financial event of the year.

Kim Kiyosaki – most known for her New York Times bestselling book, Rich Woman akin to her husband’s bestselling book, Rich Dad, Poor Dad; Kim has become the “mascot” of inspiration for women and their finances. Her message fuels the momentum of women being in charge of their own financial health and future.

Plugging, “A man is not a financial plan” Kim encourages women to be their own source of monetary stability; whilst providing tangible tools to foster fiscal responsibility.

Josh and Lisa Lannon – Referred to as Social Entrepreneurs, they are partners in business and life, their passion is to teach others how to turn what they do into a thriving career.

From their addiction healing centers through their company Warrior Heart, to their bestselling book, The Social Capitalist, Josh and Lisa embody passionate community outreach good financial principles.

Ben Miller – A truly modern example of innovation. Ben has taken what, in hindsight, seems like the most simplest of ideas and has made millions. His crowdfunding company Fundrise allows many businesses and social to use real estate syndication in an entirely unique way.

Never heard of crowdfuning? It’s the practice of funding a project or venture by raising many small amounts of money from a large number of people. Ben took this concept to an even larger level via the internet and all social media routes; to assist real estate hopefuls and moguls alike.

How The Cash Flow Wealth Summit Benefits You

Finances tend to be a touchy subject for many, from the everyday 9 to 5’er, to the single mom, to businesses trying to make ends meet. The professional advice of a financial and or wealth strategist would be most likely welcomed by most, however not always affordable.

If you could access top expert tips and tangible tools regarding nearly everything financial, without leaving the comfort of your home, and all for free? Kind of sounds too good to be true, right?

But The Cash Wealth Summit, is just that, so good and so thankfully true.

Don’t miss out on the financial event of the year. Register today and for free, begin the next part of your financial aspirations, your financial life and your financial future where you have the tools to foster your own wealth increase, and watch your personal ‘cash flow’.


Managing Irrational Investment Decisions

Managing Irrational Investment Decisions
Managing Irrational Investment Decisions

Financial pundits everywhere talk and write about how an investor’s mindset can have a significant effect on wins and losses – true statement.  However, my belief is that poor decision making doesn’t start with irrational thinking, it starts with irrational investments.

I recently read, The Behavior Gap, a book by Carl Richards, which talks about this very subject, rational versus irrational investing behavior and how it affects returns. The takeaway solution promoted the need to have a financial advisor available to make up for investors committing the grave mistake of irrationality. The book, The Power of Zero, by David McKnight, touches on the same idea. Though both books presented excellent points about investing in general and risk management, in my opinion, there is a discrepancy.

The Behavioral “Norm”

When investing, we’re taught to buy low and sell high. This simplistic, straightforward advice makes complete sense if we as investors always have perfect information about where the markets is headed.  If we did have perfect information, even the novice investor could make accurate predictions. So, though the buy low and sell high advice are words most investors live by, it’s extremely unrealistic.

The Behavioral “Reality”

Let’s take 2008, for example. As the market declined, investors bailed out of the market in droves, much like rats from a sinking ship.  Analysts say the fear resulting from the housing market crash was the reason for it, and the behavior was irrational.

Why irrational?  Because everyone knows the market would eventually find its bottom and rebound.  Then, those same investors who jumped ship on the way down, were some of the last to jump back in as the market charged to new highs in early 2013.

The result for the average investor was the exact opposite from the stated goal of buying low and selling high.  Many ended up selling low, then buying high.  This result is what financial advisors point to as investors acting irrationally.


Investor vs Investment

In my opinion, buying high and selling low in 2008 did not happen because of irrational behavior, it happened because of irrational investments.  It turns out that it was the best decision any investor knew how to make.

Ex Post Facto Advice

Investors take action as market events unfold. We don’t have the privilege of “waiting out” the market as it bottoms. Yet this is exactly how investment advisors want us to act.

Because our retirement is on the line, we as investors have to look at situations in the market from the perspective of, “what are the costs to me if the market continues to go down versus my potential benefit if rebounds and comes back up?” Obviously, the cost of losing everything is greater than the potential of making incremental gains, so we draw a line in the sand and say if my portfolio falls below “x”, then I have no choice but to protect what I have left.  This is why we sell on the way down.

Buying back in has its own set of challenges.  Because we hold on as long as we can before exiting, we can’t just jump right back in as soon as we see the green bar shoot upward.  We have to ensure that those seeds of recovery have taken root before we can manage more risk with our diminished nest egg.  We wait. We wait until our confidence is high enough to justify the risk.

The problem with financial advisors is that now, in 2015, they can look back and see where the market bottomed out and rebounded.  Thus they conclude that clients who sold and bought back in acted irrationally because of evidence that surfaced after the fact.  Many people talk about irrational behavior, but they do so as if they know, for a fact, exactly where the market is headed, be it up or down.

The Nikkei Index

Why is acting on this advice so dangerous? Let’s look at Japan’s Nikkei Index (Japan’s equivalent of the S&P 500) as an example.  Japan’s stock hit a peak in late 1989. Then the market crashed.  But instead of a quick rebound in a matter of a few years, the Nikkei crashed again. And again. And again.  Ultimately the market found its bottom in 2003.

As of today, in 2015, the index is half of where it was in 1989. Had an investor listened to analysts “rational” advice to stay in for the long run, they would be sitting on losses of 50% and more than 25 years of lost time.

It Can’t Happen Here… Or Can It?

But that can’t happen here right? No one can answer that question with confidence, so I think it unwise to rule it out.  While we haven’t had a 25 year downward stretch, we have had stretches longer than most advisors choose to remember.

Our Dow Jones average took 25 years to recover after it fell in 1929. Another 20 years, from 1966 to 1985, produced no buy and hold returns.  And most recently from 2000 through 2012 the market moved tremendously, but had nothing to show for it after that 12 year stretch.

The Rational Decision

Being a rational investor starts before the market moves. It starts with your investing strategy and where you choose to put your hard earned retirement dollars.

If you can’t afford to lose a substantial portion of your income for 10, 20, or even 25 years, then the rational decision is to choose a better asset class. In doing so, you will find the investment control you knew you always had, and no one can accuse you of being irrational.

Learn more about stock marketing strategy by registering for the Cash Flow Wealth Summit.


Podcast For Your Life

Podcast for Your Life
Podcast for Your Life

Just as the internet can shorten the amount of time you spend researching a subject, podcasts can make understanding niche topics easy and convenient. Producing a podcast as part of your business’ marketing model is another social media-esque tactic to increase your outreach – and it works! It’s time to Podcast for your life!

Podcast awareness has increased from 29% in 2012 to 163%. ( People are listening to podcasts, as it’s convenient, direct, and personal.

There are some rules to podcasting though; you can’t just shoot from the hip. From content and style to your primary objective, podcasting takes some conscientious decision-making to produce an episode worth listening to.

Here are some Do’s and a few Don’ts to Fantastic Podcasting:

  • Do be Professional
  • Do create a content outline
  • Do Rehearse
  • Do Plug your business: Ebooks, promotions, features, etc.
  • Do use a specific hosting service
  • Do talk into your mic at an angle to avoid popping T’s , S’s and P’s.
  • Don’t Ramble
  • Don’t Ignore Your Audience
  • Don’t Be Afraid to Speak Your Mind (light conflict can be refreshing)

Whether you’re new to podcasting or not, podcasting, within the last 5 years the genre has become sophisticated.

Podcastnomics: The Book of Podcasting… To Make You Millions, written by Naresh Vissa, reveals how to write, produce, host, and deliver sure-fire podcasts from start to finish.

You're Losing Your Money






Vissa knows what he’s talking about. He co-hosted The Wall Street Shuffle, a podcast in the Dallas/Fort Worth area, which became a top-rated financial talk show.

There’s also PodKick. PodKick’s tagline: We do the Hard Stuff so You Can Focus on Your Business. If you’re intimidated by the media genre, companies like Podkick and book’s like Vissa’s allow individuals the opportunity to win with their Podcasts.

To hear more about the art of podcasting and listen to Naresh Vissa and the PodKick Team, register for the Cash Flow Wealth Summit. Then, you won’t be as nervous when you’re podcasting for your life.


Why Your Social Media Presence Matters

Why Your Social Media Presence Matters
Why Your Social Media Presence Matters

How many times have you thought of a product, a business, or an idea to then discover that someone else beat you to it? Entrepreneurs today have a much higher advantage at getting their project off the ground than they did 10 years ago, thanks to the many social media platforms available.

Just recently Facebook, Instagram, LinkedIn and Twitter started to incorporate Ads into their business model. But what entrepreneur would pay for ad space when they, just like anyone else, has the power to be heard? With diligence and organization, social media can be a primary tool used to tell the world who you are, what you do and how people can give you their money.

Social Media has taken on its own life form. Back when MySpace was around (years before Facebook) no one knew the immense impact it would have on the way we perceive business or the way we do business. Businesses even use billboards to advertise the “like us on Facebook” call to action.

In short, social media is extremely important.

Force Yourself to Get Savvy

If you’re not social media inclined, it’s time to update your professional repertoire. Stay current, and you’ll stay ahead. Smartphones have made the virtual experience easy, including social media engagement. Many people get on their smart phone apps to kill time, and if you’re an entrepreneur, taking advantage of that time can mean the difference in conversions of customers.

Over 84% of [people] found that increased traffic occurred with as little as 6 hours per week invested in social media marketing and by spending as little as 6 hours per week , over 66% of marketers saw lead generation benefits with social media ( The proof is in the pudding.



One entrepreneur, Scott Paul, has taken social media marketing to a new level with his company Instafluence. Instafluence uses the “influencers” of social media to increase a company’s brand engagement.

We’re not talking celebrities here, but your everyday person who has used social media to enlist thousands, even millions of followers. Instafluence connects businesses to influencers, who then engage the public with that business’ message. Pretty cool, right? Harness the power of social media and it could change your business.

To learn more about succeeding in social media register for the Cash Flow Wealth Summit where you can listen to insights from Scott.


Using Whole Life and Crowdfunding for Real Estate


ben-miller-adImagine Real Estate syndication with passionate individuals looking to get involved. It’s called crowdfunding, and it’s a modern strategy for both seasoned and rookie investor looking to build and enhance their investment portfolio.

Crowdfunding, in the last five years, has gone from arbitrary to a legitimate business model. It’s not just being used by individuals who lack enough money to jumpstart an idea, financially successful celebrities like Neil Young and Zach Braff have used the crowdfunding concept to launch their personal projects. ( Crowdfunding for many people – successful business man to street wise musician – is now a preferred strategy to finance anything.

One of the most effective organizers of crowdfunding are brothers Dan and Ben Miller from Fundrise. Their Real Estate project, Maketto, located in the gentrifying Near Northeast neighborhood of Washington DC, is acclaimed as a thriving crowdfunding venture. (

To help fund the project, 175 people contributed at only $100 a share and are now receiving dividends, which come from rental streams and property appreciation.

Maketto is an example of crowdfunding at its finest. Instead of pairing with experienced colleagues to syndicate, crowdfunding is an opportunity for people with money and drive to get involve with investing.

Using Whole Life and Crowdfunding for Real Estate

Crowdfunding with Whole Life

Many of Paradigm Life’s clients invest in Real Estate – we actually promote it. If executed correctly, Real Estate is a safe and extremely lucrative way to build wealth. And using your whole life policy as a way to finance your investments creates a thriving system.

Recently, President and CEO of Paradigm Life, Patrick Donohoe met with Real Estate guru, Mike Hambright of FlipNerd. During Flip Show #164, Patrick and Mike discussed how privatized banking and Real Estate investing goes hand-in-hand.

When you use a cash value policy when investing, it provides an opportunity for the investor to not only have access to liquidity, but financial safety if a deal happens to dissolve.

Cash Value Insurance and Wealth Building

A Banking Policy, cash value policy, infinite banking, privatized banking – these are all names for a Whole Life Insurance Policy.

Traditional Whole Life Insurance comes with an inherent cash value because it’s supported by a death benefit. Many individuals mistake Whole Life for Term, as they don’t realize the wealth building attributes it comes with.

With Whole Life, you give yourself liquidity, a steady rate of return, market protection, income for retirement, and a family legacy. Whole life provides tax benefits, and can be considered an inflation hedge.

Properly structured Whole Life Insurance is a foundational asset that provides wealth and security for anyone looking to be smart with their money.

Whether you’re interested in growing your investment portfolio with crowdfunding or on your own, Whole Life is sure-fire tool and strategy that can boost your profits.

***Ben Miller and Mike Hambright will be speaking at the #cfwsummit