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Amazing explanation. ive never seen it this way. thank you

If it sounds to good RUN!

Bravo!!!! Everybody claims I'm a hater of IUL, which is not the case but this is something to be aware of.

Outstanding. Very insightful. Thank you.

Hey, really liked the video🙌! I'm not really sure if it is the best time to ask but, I was wondering if I could help you create a better distribution by working on post-production like better storytelling through Edits, Keywords, think catchy intros and outros, or even some engaging short clips! Would love to chat if you're interested and keep creating good content:)

No system is perfect. They all collapse, because humans are clever at rigging them. However once the majority rig it then it becomes a system no longer needed. That’s why you don’t follow lemmings. Which is why we are seeing world wide identical problems with “different” labels. I hate to break it to the world no one is pure and no one is fully corrupt. Those “ideals” lead to imbalance and self destruction. Might as well label every political system known to mankind as music album, “communism”, “fascism”, “capitalism”, “socialism”, democratism, republicanism, nazism, Stalinism, Marxism… it’s only a fine tune for those that like it, but eventually you’ll find a better album to “listen” to. While still craving nostalgia if the “good” times. Will be interesting when AI and AGI systems starts roaming the net on its own then eventually freely expressing its beliefs and politics at a geometric rate.

So Christianity is basically socialism, right?

US has a mixed economy. Everything youre saying is based on feelings and incorrect perception. Anyone who understands the subject can identify you are either a liar or stupid

You don't know much, pal.

I feel you are misapplying the definitions in real cases, which means...propaganda and smears with twisted facts.

The problem in the equations comes when deciding the cost of a product vs the pay of the employees that make that product. If someone who makes houses doesn't get paid enough to buy their own house then that creates a class system and materialist problems. In a capitalist society the "solution" to that problem is Socialism. The united states is socialist no doubt. Taxes are inherently socialism because they are a collective payment from all redirected towards common goals and our most poor. Fire departments, social security, food stamps for example. Capitalism is no better or worse than communism. They are equally terrible. Socialism is the area in the middle that a populist society tends toward.

03:10 so you are saying you are in favour of limited government support and taxes for that... guess what? that is socialism. that is why it they are called "social programs''. social as in socialism. social-capitalism exist, is live and doing well. most south American countries have it, all of Europe has it and it works. the problems start when anti-capitalist socialists get power, because those just want to distribute wealth while punishing those who create wealth. have a nice day.

This video will dumb everyone down. Capitalism is when the means of production is privately owned. Socialism is when the means of production is collectively owned. Communism is a stateless, classless society. Neither socialism nor communism says that everyone should be earning the same or be in the same economic class. I really thought this video would have something useful to say. Alas!

Another idiot who’s never read one book on scientific socialism. SMH

Great job taking a very convoluted situation and breaking it down. I'm still working on that case and need to ask a couple more questions. I am pleasantly surprised to find a carrier that doesn't run for the hills when you bring one of these to them.

The cat being skinned is you, the policy holders. Whole life is so expensive because you are paying early for life insurance in your old age. Yet, they will say that term insurance is worthless because it expires after the term and is "too expensive" to renew. The truth is that most people don't need life insurance in their old age. (Much less need to pay for it.) The other truth is that about 80% of policy holders surrender their policies early after paying so much in those early years. But who cares right? The salesman got his massive commission up front.

Roth IRA/Roth 401k all the way baby!!! Being in the 12% US federal tax bracket makes sense 1000% . Also qualified dividends taxed at 0% in a taxable brokerage account.

If you take RMDs into account, this choice becomes much more complicated!

Love the content. You said ask questiond so im taking you up on it! Lol Ive got 3 1) What do you think about insurance agents who arnt securities licensed, and dont plan to offer advice on securities in the future, pursuing the CFP? Still worth it or are there issues with doing that? 2) What are your thought on the CRCP designation? Worth it? 3) What are your thoughts on pursuing the Masters In Personal Financial Planning through the college of financial planning? Again, worth it? Or just general thoughts.

Thanks for sharing

I have the CHFC and am finishing up my CLU. I do like the 8 courses / 8 finals vs cram for one exam but will end up having all three before it is done. They all show someone has taken the time and expense to improve their knowledge and the ability to help their clients. I am enjoying the grind.

Sitting for the CFP final July 2024

Great video. What would be the benefit on paying all taxes on fair market value as opposed to ordinary income tax rate as you take distributions? Wouldn’t that tax liability be less than pay a large lump sum tax on the conversion? Are we assuming doing this strategy for a younger client who may not need to turn on income for a while? So that the benefit base can continue to roll up and their future income payments be tax free?

What gibberish!

To register: us02web.zoom.us/webinar/register/1017031696813/WN_lsxqartLQhicki9VKSz4Ig

Whole life is a con

Great info Charlie!

Do you have access to the softwares if you are not appointed?

No thank you a greedy success client heir grantee beneficiary used your estate plan to steal our home and put on old the street. So please avoid inheritance thieves caveating dysmorphic criminal lawyers are using obsolete legal documents to steal our inheritance and legacy wealth transfers. You’ll distinguish yourself among your peers installing millions of Fiduciary careers advancing careers installing NICER forgery proof permission validation certification Interdiction Trust. You’ll elevate the profession

I am Iowa Partnership Certification approved and took the coarse!

Really Great Training, Charlie! Thank you

Well done Charlie

Hi Charlie, I'm from an ASEAN country without Variable Annuity nor GLWB product, May I asked you a few questions regarding GLWB product generally? 1) I understand that the guaranteed withdrawal amount are calculated from "Withdrawal Rate x Income Base". In a scenario where the Accumulated Value is greater than the Income Base at retirement age, will the withdrawal amount be calculated on Accumulated Value instead? i.e. Withdrawal = "Withdrawal Rate x Max (Income Base, Accumulated Value@Retire)" In other words, I would get higher withdrawal in the scenario where the market is good before pension period. 2) If the market performs great in the pension paying period, can the withdrawal increased? or are the withdrawal going to be always leveled? 3) In the pension period, can we withdraw more than the calculated amount? (and bear the penalty after, if any) 4) In the pension period, can we surrender the policy so that we could get back our remaining accumulated value? I understand that the questions above might depend from product to product from different company, but if you can give me a general sense of how GLWB works in those regards, I would be very much appreciated, Thank you.

how much of the cash value can i borrow from?

Just found your channel. Good content. I’m 62 and the better half is 65. Have been thinking about LTC but not researching it yet. I think I saw where you have info on your site.

UNI Woo! Watching from DSM

You can’t put in the entire Guideline Single Premium in year 1 without MECing the policy. It needs to be broken up over the first 5 years and that’s why your illustration shows the first 5 years of premium equaling the GSP.

For a life insurance policy, do you get a medical exam?

At least he is more honest than most people selling this trash! But the product is a terribly stupid thing to do ! I get term and then invest the difference and I’ll always have more cash available than you will have collateral to borrow from! Always ! After first two years my term policy will always be the same and after about ten years or twenty years for some people you no longer need life insurance! I dint need it now because the money you use to make the insurance company rich I used to make me rich

I have not seen any policy that pays 5% in fact the most I have ever seen is 4 and that’s why it’s a terrible investment

The truth is it’s a scam ! You can get term insurance anywhere they do not make money from that they have to scam people into buying that terrible whole life crap

Participation is higher that's what they sell us on but so far, all volatility-controlled indexes are most negative at this point.

"The truth is incontrovertible. Malace may attack it. Ignorance may deride it, but in the end, there it is." - Winston Churchill. The truth is often why my blog is very popular, particularly with insurance agents and financial professionals.

Hi, Charlie. With respect to your example of someone asking you about their weight, I agree with your response - except in the cases of our wives! Sometimes, feeding a little confirmation bias is helpful to the relationship, even in the long run!/Warren

I get asked a lot about IUL and need more information on that.

Charlie, have you considered the AIG/Corebridge Assured Edge Income Builder product? When I bought my contracts, their payout rates were higher than AIG’s SPIAs and FIAs. The product is not for accumulation, but I could not find and annuity product anywhere with payout rates as high in the early years.

Excellent!! Well done, Charlie..as always my friend. Ironically, this week I am conducting agent training on Infinite Banking Concepts (IBC) for some agencies and individual producers. One of the carriers I'm using to illustrate the participating whole life product is Mutual Trust Life. Our IMO is currently doing PWL business with four insurance carriers and MTL is one of my favorites, too. Nice video! Perhaps I should start posting mine on RUclips as well? Hmm...

Link here: cgfinancialgroupllc.com/desmoines23/

Great explanation. Thank you. Why can't an individual investor do this on their own portfolio? Aside from option expertise, is it some kind of economies of scale?