Thanks Tom and Kim. Thanks for being humble Tom and letting her use all the information Kim did an excellent job. And cleared up a lot of mysteries and things we didn’t even know to ask about
Read your book”tax free wealth”, fantastic. Just one question can not figure it out at page 90, it says”Now Sanjay’s personal income is only $364,000. On that income, he will pay about $55000 in tax using 2023 tax rate”. I did calculation, the tax is at least $70000+ instead of $55000.…anything wrong in my calculation?
Great topic Tom! Whole Life is such a complex investment. I couldn’t pull the trigger bc if I loaned all the cash which I invested, the policy became insolvent In year 22.
Absolutely. But don’t think of it as an “investment”. This is a PRODUCT. You are merely storing money till the day you die. But until then, your money will be gaining tax free compound interest. Money that you have access to and and are able to utilize/loan yourself whenever you want. Use your available cash value to make wise investments or pay off appropriate debts. Start a business and use your cash value to loan your business start up capital. Possibilities are endless
I'm 12 minutes in. I love both these people. But this is a horrendously boring discussion. Few people care about the details of life insurance itself & actuarial science and all that. However, Life Insurance is fascinating for all of its tax advantages and using it as a tax shelter, as well as the ability to leverage it tax free to combine it with real estate investments, private lending, and business opportunities. Why they didn't start there is anybody's guess, But I now understand why this video got low views and low engagement.
How could you take a BORING subject, and make it even MORE BORING? Who cares about Adam and Eve history of Life insurance. Make it easy, we care about simple.
Congratulations arbiter interdiction traditional family lawyers will be installing fun rewarding forgery proof interdiction Living Trust careers. rewarding podcasters $500.00, Guest $500.00, and UA-cam viewers $500.00, $1500.00 total finding families wanting a all inclusive inheritance and legacy wealth transfer validation. Certified counterfeit free legacy bank certified distributions, and peacekeeping settled administration.
![Retirement [7/7 Series Pt. 1] - Tom Wheelwright & Andy Tanner - The WealthAbility Show](http://i.ytimg.com/vi/k6Das09xNLQ/mqdefault.jpg)
![Retirement [7/7 Series Pt. 1] – Tom Wheelwright & Andy Tanner - The WealthAbility Show](/img/tr.png)
Thanks Tom and Kim. Thanks for being humble Tom and letting her use all the information Kim did an excellent job. And cleared up a lot of mysteries and things we didn’t even know to ask about
0:33
0:40 Yes
2:46 Term vs Whole Life Insurance
4:29 1st function
4:45 #2
5:59 Actuary
6:39
10:40 Term Insurance When?
12:06 Insurance definition
12:19 12:54 Whole Life Insurance
13:50
14:29 Dividend Paying
14:48 Liquid
16:21 Tax Free
18:36 Safety
19:48 Mutual Company
21:52
24:24
26:39 Only Borrow keep the money in the policy
28:36 401k
30:36 Universal Life Insurance
31:59
34:23 80 years young
38:56 Heir
39:33 Public vs Mutual Companies
43:14 Learn about Life Insurance
43:53 Prosperity Thinkers
Thanks and greetings from Paris ❤
Great podcast!
Read your book”tax free wealth”, fantastic. Just one question can not figure it out at page 90, it says”Now Sanjay’s personal income is only $364,000. On that income, he will pay about $55000 in tax using 2023 tax rate”. I did calculation, the tax is at least $70000+ instead of $55000.…anything wrong in my calculation?
Thanks for the master class. I may have been fooled by the influencers in social media
Great topic Tom! Whole Life is such a complex investment. I couldn’t pull the trigger bc if I loaned all the cash which I invested, the policy became insolvent
In year 22.
Does it make sense for an American to get an annuity in Switzerland?
Should I get whole life policy at 22? I feel its a solid investment.
Absolutely. But don’t think of it as an “investment”. This is a PRODUCT. You are merely storing money till the day you die. But until then, your money will be gaining tax free compound interest. Money that you have access to and and are able to utilize/loan yourself whenever you want. Use your available cash value to make wise investments or pay off appropriate debts. Start a business and use your cash value to loan your business start up capital. Possibilities are endless
How long do I need to have an active policy to borrow against the policy?
30 days
❤from India🇮🇳🇮🇳🇮🇳🇮🇳
Great interview. I went from working at New York Life to Merrill Lynch and it's been a big difference. Any thoughts on the IUL?
She doesn't like it
So basically nobody outside the US & Canada can use this vehicle. I'm based in the UK and apparently loans made by an insurer are taxable
I'm 12 minutes in. I love both these people. But this is a horrendously boring discussion.
Few people care about the details of life insurance itself & actuarial science and all that.
However, Life Insurance is fascinating for all of its tax advantages and using it as a tax shelter, as well as the ability to leverage it tax free to combine it with real estate investments, private lending, and business opportunities.
Why they didn't start there is anybody's guess, But I now understand why this video got low views and low engagement.
How could you take a BORING subject, and make it even MORE BORING? Who cares about Adam and Eve history of Life insurance. Make it easy, we care about simple.
Congratulations arbiter interdiction traditional family lawyers will be installing fun rewarding forgery proof interdiction Living Trust careers. rewarding podcasters $500.00, Guest $500.00, and UA-cam viewers $500.00, $1500.00 total finding families wanting a all inclusive inheritance and legacy wealth transfer validation. Certified counterfeit free legacy bank certified distributions, and peacekeeping settled administration.