As a Wealth Strategist, one of the interactions I enjoy most is teaching clients how to implement a whole life policy into their everyday life. I savor these teaching sessions because typically, I receive the same excited, shocked, curious and amazed reactions when clients become enlightened to the life changingContinue Reading
Economic inequality, the unequal distribution of wealth and opportunity among different groups in America, is as prevalent now as it has ever been. The issue of equality in America has spanned generations, fueled nationwide protests, made its way to the Supreme Court, cost countless lives, won and lost elections, andContinue Reading
In the late 1960s, a musician named Edwin Starr rose to fame with a song titled, “War.” The chorus of the song is “War, what is it good for? Absolutely, absolutely nothing.” This song became a cultural song for the time period and has been popular ever since. Using thisContinue Reading
Every whole life insurance policy has an a la carte menu of different add-ons you can put onto the life insurance product. These “add-ons” are known as Riders. When creating a cash-rich policy, the Paid up Additions rider is a necessary component. What are paid up additions? How does oneContinue Reading
“If I were to start over from scratch today with what we know, I’d probably blow up the existing structure and start over.” –Ted Benna, Father of the 401(k) Quite a powerful realization, but because so many individuals are pushed into using the qualified plan for retirement, they don’t realizeContinue Reading
MEC stands for Modified Endowment Contract. By law, the Internal Revenue Service limits the amount of cash value that can be accumulated in a life insurance policy. The amount of cash value must be relative to the amount of death benefit that the policy purchased. If the cash value andContinue Reading
Whole Life Insurance and Term Life Insurance are two very different products, but many individuals categorize them as one and the same. When discussing the two products, it’s easy to hear a person say: Term is good, Permanent Life is bad because the premiums are so high. Of course, noContinue Reading
“Any fool can make a fortune; it takes a man of brains to hold onto it,” Commodore Vanderbilt, Fortune’s Children: The Fall of the House of Vanderbilt (Forbes.com). Though Vanderbilt amassed one of the greatest fortunes during The Gilded Age– $300M in today’s standards- by the late 1940s, the family’sContinue Reading
Remember the only two “sure things,” in life? One of them is lurking right around the corner; oh, yes, the tax man cometh, indeed. Before panic sets in, take a deep breath and know that by putting your money into a Whole Life Insurance policy, you can truly find aContinue Reading
As a child I grew up on a farm in a family of 4 hungry kids. We’d get excited when Mom made cookies or some other goodies. Every couple weeks she would bake a small batch of cookies as a treat. They always disappeared so fast. “Who ate all theContinue Reading