Financial Resources and News
Utilizing Annuities for Rollover of IRA and 401(k): Securing Lifetime Income and Minimizing Market Losses
Introduction As individuals approach retirement, the need for stable income streams becomes increasingly important. Annuities have emerged as a popular financial tool for those seeking to rollover their Individual Retirement Accounts (IRAs) and 401(k) plans,...
Leveraging 401(k) or IRA for Long-Term Care Hybrid Policies: The Benefits and Importance of Planning for Our Elderly Years
Introduction As we approach our golden years, it becomes increasingly important to consider the potential need for long-term care. Unfortunately, many individuals underestimate the financial burden that long-term care can impose on themselves and their families. To...
Cash Value Insurance as a Volatility Buffer in Retirement: A Complementary Asset to IRA or 401(k)
Cash Value Insurance as a Volatility Buffer in Retirement: A Complementary Asset to IRA or 401(k) Introduction As retirement planning becomes increasingly important, individuals are seeking ways to build a robust financial cushion that can provide stability during...
It’s All About The Funding – Generational Wealth Concepts (GWC)
High Cash Value life insurance policies aren’t about getting a certain amount of Death Benefit for the cheapest amount. It’s about putting the amount of funding you can into it to grow and build so you can have it Grow Uninterrupted while you use the money for...
Term vs. High Cash Value Whole Life – Generational Wealth Concepts (GWC)
Term insurance is just that and it expires when that term is up, you get a level payment till that point and then when you’re now older and go to renew it shoots way up in cost. No matter which Life insurance you get, you can have a level payment on a High cash...
Reviewing An Old Policy – Generational Wealth Concepts (GWC)
I go over a policy that I have myself that is 10 plus years old and what I’m looking at on the illustration and why it’s beneficial to me and would be to anyone utilizing Infinite Banking.
Fund Your Flip – Generational Wealth Concepts (GWC)
This is a spread sheet showing the progression of the Cash Value of a Policy and it was used at first to fund the out of pocket portion of a flip and then in later years funded the majority or all of the flip property. All while making money in the Policy and the...
Why High Cash Value Whole Life insurance Part 2 – Generational Wealth Concepts (GWC)
Because it’s safe, liquid and grows tax deferred and if utilized correctly is accessed Tax Free and the Death Benefit is Tax Free to your Heirs as part of your Generational Wealth.
Frequently Asked Questions
What is compound interest?
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest ~ Wikipedia
How do I create My own bank?
You create your own bank by utilizing a financial instrument that will be an asset on your balance sheet and have guarantees in place for growth. Such as banks do, Bank Owned Life Insurance or BOLI. Banks use this as part of their portfolio and capitalization strategy.
Do I have to have a lot of money to start my bank?
No. You can start with whatever amount you want that is comfortable for your budget. Many individuals start with some money they had set aside in a bank account as savings. Instead of gaining less than 1% interest, they can earn an average of 5% interest.
What does privatized banking do for me?
It allows you to borrow money against the policy and use the funds to pay debts, or can be used for investments and some just let the money sit and grow until they need it. We recommend taking over the banking function in your life and finance your own home, cars, college tuition, investment properties or anything you'd normally spend money on. You make payments to your bank on your own schedule. Example purchasing your vehicle: you end up with your cash back plus interest and a car that is paid off at the end. Where through a conventional bank: you have the car paid off and no money at the end.
How do I get set up to start my own bank?
Easy! You just schedule a Phone call with us to go over Your needs and we design a bank to fit. After the bank is in place, if you'd like we help layout a plan to pay off your personal finances. And if you have other plans for the money then we can help with your plans there also if assistance is needed.