Taxation and Life Insurance Contracts

If you have read much of our blog at all you know that professionally designed life insurance is one of our favorite tools to use. This blog will deal with the taxation of life insurance contracts.  Tax season for a lot of people is not a fun…
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Which insurance company is best for IBC?

This is a question we get a lot.  A picture (Diagram) is worth a thousand words, so......
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Capitalism VS Socialism

There seems to be a lot of talk about the evils of capitalism of late.  While capitalism has its short comings a short story will illustrate the difference between capitalism and socialism.  This story has been published a bunch of times,…
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More Sellers Than Buyers?

Quick answer this question:  What happens to the price of something if there are more sellers than buyers? I know that was a simple question, but I wanted to have that as a foundation for this post. Several years ago I read the book;…
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Cash Is For Criminals?

You read that right.  That is not a tongue and cheek question but rather a reactionary question to a recent article published by ABC Australia entitled; "Cash is for Criminals: Why we should scrap big notes."   According to an economics professor…
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Whole Life Insurance, an asset class for general public and for your Portfolio.

I recently came across and interesting interview from CNBC.  You can go watch the interview here. The interview had many good points the least of which was the title of this article;   Whole life insur­ance is a safe asset that should be…
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India Now Taxes Her Citizens For Holding Cash

This is incredibly brazen and troubling news.  The government of India recently made one of the boldest moves in recent times against cash.  They have essentially “probabilistically devalued” the 500 and 1000 rupee notes in circulation. …

What Is THE Best Age To Take Your Social Security?

Do you know many people lose thousands, tens of thousands even hundreds of thousands in lost benefits by taking their benefit incorrectly? You have the choice to start collecting Social Security anytime between the ages of 62 and 70?  The burning…
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Want to Reduce Risk? Get CONTROL!

No investment is without risk, and at the foundation of any good strategy you’ll find the mitigation of risk. The traditional way to mitigate risk in an investment portfolio is with the theory of asset allocation and diversification. For…
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Advice From A Self-made Millionaire

After graduating from college, Grant Cardone was broke and swimming in $40,000 of student debt, he writes in his new book, "Be Obsessed Or Be Average."  Yet by the time he reached 30, he'd made his first million. Since then, the 58-year-old…