Table of Contents: How 529 Plans Works How Permanent Life Insurance Works Pros of Using Life Insurance for College Cons of Using Life Insurance for College What Are the Pros and Cons of the 529 plan? How To Decide What To Do How 529 Plans Works State-run 529 plans are kinda like those Roth 401(k)s …

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Max was born in Argentina. At the age of 9 he began doing currency exchanges using a couple of dollars his grandfather had given him. His friend did the same using a couple dollars his parents had given him and from this small capital, they ended up with a little over $100. “It was really …

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The marketing practices of many life insurance companies require new agents to refer family and friends early on in their training so they can quickly generate commissions as well as profit for the insurance company.  This training practice encourages the sale of life insurance products that may or may not be in the best interest …

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What is Infinite Banking? The basic idea of the Infinite Banking Concept (IBC) – aka Becoming Your Own Banker – is built around funding whole life insurance and then leveraging the cash value via policy loans to self-finance debt, personal and business expenses, investments, and even to provide passive income for retirement. Some love the …

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Meet Dr. Randy and Sue Norris from Battleground, Washington! Several years ago, while attending a chiropractic seminar, Dr. Randy heard Tom McFie speak about the Perpetual Wealth Code and how life insurance can be used as a wealth management tool. It made such good sense that Dr. Randy and Tom connected with each other after …

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Recap of Whole Life Insurance Participating Whole Life Insurance (PWLI) is a lifelong insurance policy where premiums are paid annually. This contract involves the policy owner and the insurance company, with the company guaranteeing cash value growth during the insured’s lifetime and a specific death benefit to beneficiaries upon the insured’s passing. Additionally, the insurance …

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Disclaimer: 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: Understanding a Volatility Buffer Understanding the Role of a Volatility Buffer The Role of Volatility Buffer in Counteracting …

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Table of Contents: Keep your business and personal expenses separate Invest in bookkeeping software (and a bookkeeper) Establish a budget Maintain accurate business records Select an accounting method Maintain updated financial records Optimize accounts payable (AP) terms and invoicing Segregate accounting responsibilities Monitor significant high-cost expenses Plan for significant investments strategically Exercise diligent oversight in …

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Table of Contents: Where Should You Keep Savings for Your Grandchildren? How to Save Money for Your Grandchildren Tips for Saving After You Stop Working Create a Savings Plan With McFie Insurance Saving for your grandchildren can help them with costs they’ll face when they grow up. This could be for college, their first house, …

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KEY POINTS Understanding Exit Strategies: A business exit strategy is a plan outlining how you’ll leave your business. Diverse Exit Options: Options include keeping the business within the family, merging with another company, selling the business outright or becoming part of an “acquihire.” Key Exit Strategy Questions: Consider your long-term involvement and financial goals to …

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