Morbid as it sounds, to get the greatest rate of return from a life insurance policy, you could pay the first premium and then die.
While we certainly don’t suggest this course of action, this method will undoubtably give you the greatest rate of return.
Put this way, the whole concept of “rate of return” seems a little silly. However, it’s easy to get caught up in the “what’s your rate of return” game.
Today on Wealth Talks, Tom and John talk about the benefits of Whole life Insurance, and why the “rate of return” is not top priority.
In the world around us, many people have confused wealth with money. Sadly, many pursue money, but never take the time to build wealth.
How do we build wealth, and how do we protect the wealth we build so as to leave an inheritance to our children’s children?
In today’s episode Tom and John explore building wealth through the window of faith, and how to protect the wealth we will leave behind.
Resources: Building Sustainable Wealth
Many Americans have worked hard to further their children’s education. Sadly, many realize too late, that much of the so-called “education” was really indoctrination which may have ruined their children’s values. Many children graduate from College and University with far different values, morals, and viewpoints than those held by their parents.
Parents who are building a legacy may well think twice about allowing it to fall into the hands of their altered children because more money could amplify their destruction. Fortunately, there are ways to control how your children receive your legacy after you pass on.
During this show, Tom and John will talk about some ways to protect your legacy… and your children!
529 plans are touted as a way to save for your children’s education. But saving money in a 529 plan is a lot like sending your money to jail. Once your money is in a 529 plan you can’t use it for anything other than education. If you need to use that money for other purposes, you’ll pay a hefty penalty!
But there is a way to get money out of a 529 plan without paying a penalty. On this episode of Wealth Talks, Tom and John will explain how to do this.
Also on this episode: How to set your Financial New Year Resolutions in 2021