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It's better till you pass.Leave your family set for a while.

Thank you so much! I needed this badly, I couldn’t understand this no matter how many times I read it!

Thank you!

Only u have guranteed issue life insurance

IRS always after the working class people...rich always get away. So much for this "democracy".

Currently RMD age is 73, not 72.

Audio on this video is so bad

I'm still fighting with the IRS about my 2020 Qualified Disaster Loss (Hurricane Sally damages) and my 2020 RMD. As always it takes months to get a simple reply back from the IRS. In regards to the RMD that was taken prior to the wavier being declared, , IRS Notice 2020-51 instructs on the wavier and "Permitted repayments of RMDs previously distributed from an IRA. It instructs to rollover the amount back into the IRA before Aug 31,2020 which I did. At the end of 2020 I decided to take a distribution from my IRA to cover damages from the hurricane rather than take a SBA loan. The first distribution (RMD) plus the 2nd distribution was entered on the 1099-R for 2020. The question is how should the RMD rollover be deducted from my gross income?

Why not change to rothira?

Absolutely top drawer, thank you for the valuable insights.

I'm surprised there isn't an insurance product that has payment exclusions for specific causes of death. For example: there are many cancer patients in remission but have an expected recurrence within a certain range of years, with successful treatments available after that. But always with the possibility that the cancer returns aggressively. They should be able to get coverage for any cause of death *other* than their cancer (auto accident, workplace mishap, etc). That way they can protect their families, and the insurance companies avoid that one risk factor.

Best decision is to not trap yourself in a cash value life insurance policy to begin with. Better to buy a term policy if you need life insurance and to put money into an investment if you want your money to grow. A whole life policy does a terrible job of providing both and over 50% end up surrendering their policies.

Please don’t do this.

a 50% fine is INSANE!!! but thank you for this informaiton

Excellent tips! So glad father and family were in PERFECT agreement, and things were handled (by and large) better than originally planned. 🏇

With a fraternal insurance company, should I be concerned that my guaranteed payouts could be altered if there are changes in bylaws/other after my policy is in effect? What are some of the things that I should be concerned with or should I ensure my policy reads when going with a fraternal insurance company for a whole life product?

Nice job - thank you

Awesome information

Stay away from the Knight's of Columbus Insurance scams!

Yeah, remember the rule of 55 ,and the rule of 50.

Hi. Thank you for sharing.

Absolutely not a scam, life time guaranteed income

thank you brother

This video is full of misinformation. As a funeral director and preplanning counselor my best advice is to know exactly what you are paying for and understand what you are signing. My biggest hang up on life insurance is that if you should have to use state paid medicaid to pay for home care or nursing home care then the state (Texas anyway) will make you cash that policy out if it has a large cash value.

thank you so much

I been told all things being equal, if the pension gives you a return of 6% or better, to take it, if not, take the lump sum.

how long do I have to have a policy before it is eligible for pay-out?

Great primer!

What a MESS! Really "kick the tax can down the road? Why would you want to complicate a TAX RETURN for the privilidge of "kicking the can down the road?" What a MESS. Total MESS

Very helpful video, thank you

Does anyone know if a military SBP Suvirvor Benefit Plan requires you to take RMDs.. I thought that any annuity required RMD but the folks puting out this package does not do RMD. Does anyone have any knowldege about whether or not an RMD is required on the SBP program.

Does anyone know if a military SBP Suvirvor Benefit Plan requires you to take RMDs.. I thought that any annuity required RMD but the folks puting out this package does not do RMD. Does anyone have any knowldege about whether or not an RMD is required on the SBP program.

Life insurance don’t pay for shit! They try to get out of it. It takes months maybe years and they never pay the amount they said! Most of the times people sue insurance because they never want to pay. They always avoid you they take months or years and a dead body can’t take months or years to be taken care of. I would not get life insurance!

Donyou have a contact number of a friend who can do the loan ina policy in Mexico?

When NY life says 5.5% interest, what does that mean in a $500k loan? Monthly Payment? Is it 15year? 30?

Aren’t negative interest rates inherently deflationary?

gift tax exemption is now 16000

Thank you for explaining the employer sponsored retirement account. Could you explain making conversions while working at the employer. For example, I elected to convert my employer sponsored 401k to a employer sponsored 401k Roth in 08/01/22. But then I realized this would affected my tax rate so I converted back to the employer sponsored 401k in 12/20/22. Since this happened in the same year,and I decided converted, will this create a taxable event that would affect my tax rate? 😢. It feels like it should all be corrected in-house...

Thanks for the explanation ,I had a difficult time understanding it until now.

You are a very good and clear speaker. This video was easy to follow. However, it seems to me that you stopped one step short. If you can't directly compare the 6% payout rate and the 1% CD rate, what rate should you use instead of the payout? There is some annuity rate of return, that will be less that the payout rate - that accounts for the fact that you are giving up (selling as you say) your premium. How is that calculated and is it appropriate to compare to the 1% CD rate?

I might have missed it, but I don't think you accounted for reinvesting dividends which would be more than 8.19% CAGR.

Very good and clear ..thank you

How dividend option term rider works?

I am a CCIM candidate and some of the material is over my head. This kind of content is tough to find and you do a great job of elaborating/explaining things! Very encompassing! Thank you!

YES Bitcoin is completely WORTHLESS UNLESS you are in organized crime. They use this as a substitute for real money to cover up their illegal and immoral activities. Stay away from it unless you want your life to be miserable. They destroy everything they go near. So unless you want a shitty life stay away from Bitcoin. It is organized crime in the face of the Law.

Thank you for this information. I refuse to but life insurance because I have eternal life and I don't believe in death. Also my dad was a banker that would not teach me anything about money and building wealth. He is an alcoholic narcissist that tried to keep me and other people dependent on him. I hate him and I disowned him because he's with the mafia, he abuses people and he does bad business. He faked his death, by the way. Others who did the same thing "miraculously" came back to life. Nope, you said you died so now you're dead to me, all of you.

Than Merril is a complete scam

This was a very interesting well-researched vide, so thank you. I will say one thing: everyone, and I mean everyone, from Hegna on down has an interest in what they present and represent. This is simply the nature of the financial advisement and management industry. Everyone wants a piece of your money one way or the other whether small or big, directly or indirectly, presently or in the future, the incentive is always some kind of financial reward. The way I look at it is "that's okay" as long as what you're getting in return is valuable to you, and admittedly sometimes "value" is hard to quantify. So it's all good. Which is more than I can say about the ultimate money grubber from which we get very little back... the IRS!

Getting dizzy watching this.

What a bunch of crap. You failed to mention that you are giving up your principal to generate a cash flow. I can take the same cash and generate similar income from dividend payments alone. When I die I still have my principal plus capital appreciation. You conveniently failed to mention that fact. I learned a long time ago you don't get rich listening to slick salespeople.