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Retirement Planning

Episode 206: Bank on Yourself® Type Whole Life Insurance Policy Loans vs. Everything Else, Round Two [Video]

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Episode 206: Bank on Yourself® Type Whole Life Insurance Policy Loans vs. Everything Else, Round Two

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Listen to the Full Episode here: https://nyafinancialpodcast.com/

Have you heard the first episode in this series, Episode 205?
Which is better: a 401(k) loan or a whole life insurance policy loan?
How many of 401(k) investors have an outstanding loan?
Should the 401(k) loan be the first choice or the last choice?
What is the process for getting a 401(k) loan?
What are the 13 steps?
How long does it take to get a 401(k) loan?
What happens with a whole life insurance policy loan?
What are the limits?
What can you use the money for?
What do the proponents of the 401(k) loan say?
Are 401(k) loans a taxable event?
Are taxes due?
How will you be repaying that 401(k) loan?
Will you pay taxes twice?
What’s your bracket?
Have you seen the show notes on Episode 110?
What happens if you borrow from your 401(k) and you lose your job?
How fast must you repay that loan?
What about taxes and penalties?
What are the required repayment plans?
What about a home equity line of credit (HELOC)?
What about tapping into the equity of your house?
What about the requirement of making regular payments?
What about pledging your home as collateral?
What about a higher interest rate?
What about HELOC vs. whole life insurance policy loan?
Is the house value guaranteed to grow?
Are whole life insurance cash values guaranteed to grow?
Could you lose your home if you don’t pay off the HELOC?
What is collateral in a whole life insurance policy?
What about a court judgment?
What about credit ratings?
Can a banker call your HELOC?
What is the fine print in the HELOC?
Can you count on the HELOC?
Is it possible to default on a whole life insurance policy loan?
What happens when the loan value is the same as the cash value?
How might you avoid policy lapse?
What happens to the death benefit on a whole life insurance policy that has unpaid loans?
Would you like to hear Episode 203?
What about loaning from a brokerage account?
What is a margin loan?
Can the broker call the margin loan?
What about locking in losses?
What is liquid?
Is there a repayment schedule on whole life insurance policy loans?
What did Mark Twain say?
What about life insurance loans vs. whole life insurance loans?
Can you borrow from a term insurance policy?
What about universal life insurance?
Would you like to hear Episode 59? Episode 60? Episode 61?
What about the monthly costs on universal life (UL) and indexed universal life (IUL) policies?
What significant changes happen in these policies?
What are the risks to taking loans on a IUL or UL policies?
What happens when closing IUL or UL policies?
What are the tax consequences?
What about variable life policy loans?
What are the risks?
Will the policy lapse?
What about the phantom income?
What about the moving parts?
Why are whole life insurance policy loans so much safer?
What is on the insurance company’s shoulders?
What about the guarantees?
What is not guaranteed?
Can the insurance company change the costs on the policy?
What about annual cash value increases?
What about the death benefit?
What about the premiums?
What about the dividend paying whole life insurance policy?
How might dividends make the situation even better?
Who does the dividend benefit?
What about minimum guarantees?
Is a Bank on Yourself® whole life insurance policy part of your overall strategy?
What about the death benefit?
What about the living benefits?
What about the loan feature?
What about tax advantages?
What about security?
What about guaranteed growth?
Would you like a 15-minute meeting with Mark?

Categories
Retirement Planning

Biden's Plan to STEAL Your Retirement Money... [Video]

Biden Wants Your Retirement Account. The recent proposal by the Biden Administration, the "Build Back Better Plan" is looking to fund college, child tax credits, and Medicare for all......but at the expense of your retirement accounts. In this video, I break down the the build back better plan and how Biden plans on using your retirement plan to fund it! But at the end of the video, I show you what you can invest in to avoid all of this mess! My Sources: 1. https://www.handsoffmyira.com/?r_done=1 2. https://www.forbes.com/sites/bobcarlson/2021/04/19/congress-isnt-finished-coming-after-your-retirement-money-and-estate/?sh=f586a1489a8d 0:00 Intro 0:39 Biden going after your retirement account 1:24 Peter Theil Roth IRA example 1:50 Quick rundown of what a Roth IRA is 3:16 Why the Government wants your Roth IRA 3:53 What is Biden up to? 4:03 1st thing Biden is after with your retirement account 4:49 2nd thing Biden is after with your retirement account 5:15 What is a self-directed IRA? 6:53 3rd thing Biden is after with your retirement account 8:50 It gets worse..... 9:55 A lot worse...... 10:44 this sounds a lot like something we talked about 11:02 an idea how to work around this... Thanks for Subscribing & Liking our Video! Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/rcm-coaching-details/ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c Get Our FREE Book "Break Free From Your Mortgage" https://acceleratedbanking.com/book Get Our FREE Book "0 To 75 Units in 1 Year" https://0to75units.com JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS: https://www.facebook.com/groups/bestreigroup Are you a Business Owner? Start Accepting Credit Card Payments with Lower Fees: http://emap.easypaydirect.com/go/signup/vf8d3N ======================== ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak and Daniel Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold The Kwak Brothers and its brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.

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Retirement Planning

How Government STEALS Your Money! [Video]

How Government STEALS Your Money! "No Taxation Without Representation" was the slogan used during the American Revolutionary War. Fast-forward 245 years and we have a tax on just about....everything. So in this video, I break down how our current government is STEALING your hard earned money, that you spend everyday trying to make. Especially in the year of 2021 with massive shifts of money happening towards MORE government spending.......0:00 Intro1:08 First way the government steals your money!2:48 Second way the government steals your money!6:28 Final way the government steals your money!8:07 Final thoughts"Covid took one year off the financial life of the Social Security retirement fund"https://www.washingtonpost.com/business/2021/09/03/social-security-insolvency/😃 Thanks for Subscribing & Liking our Video!📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/rcm-coaching-details/⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software:http://reisoftware.thekwakbrothers.com📊 Pay Off Your Mortgage In 5-7 Years (On Average):https://www.youtube.com/watch?v=eGVn9iq1e6c📊 Get Our FREE Book "Break Free From Your Mortgage"https://acceleratedbanking.com/book💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS:https://www.facebook.com/groups/bestreigroup💳 Are you a Business Owner? Start Accepting Credit Card Payments with Lower Fees:http://emap.easypaydirect.com/go/signup/vf8d3N🔊 Our Podcast:🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com#realestateinvesting #thekwakbrothers #realestate========================---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.

Categories
Retirement Planning

In this session Annuity from Plant Design & Economics is covered by Shailendra Kumar 👉🏼 Shailendra’s Unacademy Profile Link:https://unacademy.com/@Shailendra_Sir Start Date: 30th June 2021Lakshya for GATE & ESE 2022 (Mechanical) - Batch C: https://bit.ly/3zWSSumAarohan for GATE & ESE 2023 (Mechanical) - Batch C: https://bit.ly/3zWOawPLakshya for GATE & ESE 2022 (Civil) - Batch C: https://bit.ly/3xOexmPAarohan for GATE & ESE 2023 (Civil) - Batch C: https://bit.ly/3qo62MNLakshya for GATE & ESE 2022 (Electrical) - Batch B: https://bit.ly/3jkA0j0Aarohan for GATE & ESE 2023 (Electrical) - Batch B: https://bit.ly/2SWZBULLakshya for GATE & ESE 2022 (ECE) - Batch B: https://bit.ly/3xR4q0rAarohan for GATE & ESE 2023 (ECE) - Batch B: https://bit.ly/3qC8pMd🙏 Welcome to Unacademy Planet Gate Channel, your one-stop solution for all GATE Exams 💯India’s Top Educators will be teaching you daily on this channel. We will cover the entire syllabus, strategy, updates, and notifications which will help you to crack the GATE exams 🎯During the live session, our Educators will be sharing a lot of Tips and Tricks to crack the exam. GATE aspirants who are preparing for their Exams will be benefited from this channel. Unacademy platform has the Best Educators from all over the country, who take live classes every day ✔️Shailendra and other Top Educators take classes on Unacademy App.Use Special Code “SKS50” to get 10% off on your Unacademy Subscription 😍👉🏼 Subscribe today: https://unacademy.com/goal/gate-ese/PESHE/subscribe👉🏼 Special Class Link: https://unacademy.com/goal/gate-ese/PESHE/upcoming🏆 Unacademy Combat Link: https://unacademy.com/combat/gate-ese/PESHE📝 Playlist Link: https://youtube.com/playlist?list=PL0b9qDcBZ_Xv7m1ZumQRMZsLa8mETRbykDo Subscribe and be a part of the community for more such lessons here: Shailendra’s sir telegram link - https://t.me/planetgatemathsandapti_unacademyFor CE/CH: https://t.me/unacademygateceFor ME: https://t.me/unacademymegateFor EE/ECE: https://t.me/kreatryxgateee👉🏼 Subscribe to our channel: https://bit.ly/3u2cVna✏️ Unacademy Studios Feedback Form: http://bit.ly/GATEESE10Bugs Bounty Program Submission Form: http://bit.ly/guidelineviolationformDownload the Unacademy Learning App here: 👉🏼 Android: https://goo.gl/02OhYI👉🏼 iOS: https://goo.gl/efbytPUnacademy Subscription Benefits: 1. Learn from your favourite Educator2. Dedicated DOUBT sessions 3. One Subscription, Unlimited Access 4. Real time interaction with Educators 5. You can ask doubts in live class 6. Limited students 7. Download the videos & watch offlineGet the GATE & ESE Iconic Advantage: 1. Personal Coach 2. Study Planner & Bi-weekly Reviews 3. Dedicated Doubt Clearing Space 4. Personalized Test Analysis 5. Study Booster Sessions 6. Preparatory Study Material 7. All the Unacademy Subscription Benefits#Shailendra_kumar #Economics #Plant_Design

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Retirement Planning

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