Originally called “old-age insurance protection”, Social Security was supposed to be a supplemental form of income for those who had not saved enough. Today Social Security has become the primary source of income for many retirees. Social Security gets the money it pays out by taxing people who are still working and also by taxing …

Continue reading “Is Social Security Bankrupt?”

We’ve probably all heard the term Becoming Your Own Banker. Why would anyone want to be a banker? Aren’t bankers the professionals? Why not just let them manage all the money? Today on WealthTalks Tom and John share some very interesting and astounding, numbers. At the end of this podcast you will not only realize …

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Several years ago, 4 of our family members decided to get a private pilot’s license.  In order to pass the FAA exam, to fly legally as a general aviation pilot, you must have a certain number of hours where a certified flight instructor sits beside you and teaches you how to maneuver a plane around …

Continue reading “PWLI vs IUL The Difference Between Flying and Driving”

A brilliant Chemist once said he enjoyed going back and teaching Chemistry 101. Why would he enjoy teaching something that was obviously elementary for him? The answer was simple. Going back to the basics for a time helped him be more creative when he went back to his other chemistry work. Today on Wealth Talks, …

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Procrastination is a killer!  It kills time, it kills ideas, it kills progress, and it kills opportunity.  In short procrastination kills the future. Interestingly, procrastination is not something that is easily identified, especially by those who are involved in it.  But the consequences of procrastination are similar to the consequences of losing something of value.  …

Continue reading “Your Money: No One Will Miss it ’til it’s Gone!”

Recently a few articles have made their way into the news about Insurance Companies turning down would be purchasers due to the COVID19 Pandemic. Perhaps the Wall Street Journal put it best stating “Some Americans are being turned away trying to buy Life Insurance”. Today, Dan Foley, Senior Vice President of Marketing Technology with Security …

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Recently there have been some sensational articles in the media suggesting life insurance companies are facing tough times with the financial crisis combined with COVID-19. Special guest Attorney Andrew Rinn, also the Vice President of Advanced Markets at Ameritas, joins us to share an inside perspective on what’s really happening at mutual life insurance companies …

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George took a long breath and embarrassingly asked, “Should I be losing 51% of my monthly contribution to my 401k plan to fees”?  Obviously, George was ashamed of not knowing the answer, but a bit shy about asking lest he appear foolish. Typical Financial Planning has a way of making you feel foolish, embarrassed to …

Continue reading “Advising someone to buy life insurance can be considered unethical… here’s why”

He straddled the bicycle for the first time, set his feet on the pedals and rode serenely away into the glowing sunset. Oh if only it was that easy! It isn’t of-course, because, like everything, there is a learning curve. Is it possible to eliminate the learning curve on a bicycle by learning everything you …

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