Note: If passed into law, pending legislation could substantially change Roth IRA regulations after Dec 31, 2021 – especially relating to distributions and backdoor rollovers. Thinking about the future and retirement can seem so far away, but it’s important to start saving early on in your life to prepare for the most success. 401(k) plans …

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An Introduction to the Infinite Banking Life Insurance Concept by Ben T. McFie The Infinite Banking Concept (IBC) or infinite banking life insurance is outlined in the book Becoming Your Own Banker by R. Nelson Nash. My introduction to infinite banking life insurance was on a family vacation to San Diego, California in 2005. I …

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Recently a poplar investment and financial website ran an article about Life Insurance, but the article was inaccurate and not true. We responded with a new article on the subject, bringing much needed clarity to how Cash Value Life Insurance works. Today on Wealth Talks, John and Ben talk about the different types of Life …

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According to Fidelity, who holds 16.2 million of the 27.2 million IRA and 401(k) accounts in America, the median 401(k) account balance is a miserable $63,000 as of February 2019 for those ages 60-69.  This figure is much less than the average retirement account balance of $112,300 which, by the way, isn’t anything to boast …

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 Planning for the future is critical in a world of uncertainty. Now what if there was a life insurance policy that provided more than just the death benefit? What if it could help you meet your financial goals during your lifetime and help you set up your family for success after you pass? Well, let’s …

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Let’s face it.  Mutual life insurance companies know how to avoid risk. That is why they have been profitable enough to pay dividends for well over 100 years consecutively, something that only 8 other companies have been able to sustain. That being said, mutual life insurance companies have to know their stuff or they would …

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CARES Act Impact on Retirement Plans and Your Once in a Lifetime Chance With high unemployment rates in the U.S., individuals are seeking access to savings accounts to sustain their family and/or business during the pandemic. Many are turning to their 401(k) retirement accounts as a financial safety net. Thanks to the CARES Act, many …

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Nelson Nash, the late founder of the Infinite Banking Concept, always talked about the importance of building a financial tailwind in order to overcome the cost of financing in your life. As a pilot Nash realized, when you fly into a headwind, your ground speed is greatly reduced if not completely annulled. You might …

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Charlie Daniels once stated, “I’ve kept people employed for over 20 years and never missed a payroll.”  On Monday, July 6, 2020 Daniels went home and will no longer have to concern himself with meeting payroll. Credited with the rise of country music after he starred himself in the John Travolta movie “Urban Cowboy” back …

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Universal life insurance became a popular life insurance policy in the 1980s. These policies differ from the common term life insurance policies or whole life insurance policies. So what is universal life insurance? Read on to learn about what it is, how it differs from other policies, and the challenges with this type of …

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