AUTHOR’S NOTE JUNE 2023: As interest rates have increased through 2022-2023, Velocity Banking is becoming less popular because it depends on access to a Home Equity Line of Credit (HELOC) where the interest rate is usually variable – recently increasing. This article was written a few years ago and highlights potential issues with the Velocity …

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Table of Contents: What is a Backdoor Roth IRA? How Does a Backdoor Roth IRA Conversion Work? Benefits of a Backdoor Roth IRA Paying the Taxes Roth v.s. Traditional IRAs Who Should Consider a Backdoor Roth IRA Who Should Not Consider a Backdoor Roth IRA When a Backdoor Roth IRA Doesn’t Make Sense Whole Life …

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Table of Contents: Can I Borrow From My Life Insurance Policy? When Should You Take a Life Insurance Policy Withdrawal? Tax Ramification of Life Insurance Policy Withdrawals How Life Insurance Policy Loans Work: How to Take a Policy Loan Why You Should Take a Policy Loan Pros and Cons of Taking Out a Life Insurance …

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Securing Your Future by Using Participating Whole Life Insurance Investing information provided on this page is for educational purposes only. McFie Insurance does not offer advisory or brokerage services and does not recommend or advise investors to buy or sell particular securities. Table of Contents: Thinking of PWLI as an Investment Using Your Life Insurance …

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Table of Contents: Can I Purchase Life Insurance for Children and Grandchildren? What’s the Best Insurance Coverage for Grandchildren? The Long-Term Advantages of Life Insurance for Grandchildren Should I Buy Life Insurance for My Grandchildren? How to Buy Life Insurance for Grandchildren KEY POINTS Child Life Insurance Restrictions: Insurance companies discourage purchasing life insurance for …

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Retirement Remastered – Smart Strategy for Passive Income in Your Golden Years by John McFie Table of Contents: A Broken Retirement System The Reality Facing Today’s Retirees What the Experts Are Saying A GRA System Might be Wall Street’s Favorite Solution What Happened to Social Security – Take Warning How Much Do You Need for …

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Many people believe that paying off a mortgage as fast as you can is the best way to avoid losing money to the cost of interest.  But with the 2017 Tax Cuts and Jobs Act, the deduction for the interest that your home mortgage provides is not really an issue anymore because the standard …

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Table of Contents: Life Insurance vs. 401(k)s: What are the Differences? 401(k) as a Retirement Plan How to Use Whole Life Insurance for Retirement Do I Need Whole Life Insurance If I Already Have a 401(k) Plan? The Bottom Line: Whole Life Insurance vs. 401(k) If retirement is your goal, you want to start preparing …

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Reduced risk, flexibility and the opportunity to increase your cash value is what Indexed Universal Life Insurance (IUL) promises for those who are looking for a permanent life insurance policy. The objective goal of an IUL policy is to profit from the upward movement in the underlying index[i] on which the IUL is depending for …

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The idea of life insurance dates all the way back to the 18th century. Today we have a variety of plans, also known as policies, which people can choose between, and then further customize with the help of industry professionals. Reasons for having life insurance vary from person to person, and ultimately determine which plan …

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