Perennial Pride

In this final episode, Tom and Jeremy Kessler delve into the complexities of future taxation. They discuss the potential impact of changing tax rates, the Trump tax laws set to expire in 2025, and the looming challenges with estate taxes and government debt. With humor and expertise, they explore strategies for safeguarding your wealth and staying ahead of the evolving tax landscape. Whether you'r...

In this podcast episode, Tom and Jeremy explore tax strategies and financial planning for the current year, offering tips to mitigate taxes for various income sources. They discuss retirement planning, Roth IRAs, energy investments, charitable donations, and optimizing business entity structures. Join us to learn about tax-saving strategies that could benefit you this year. Highlights 02:08 Import...

Join Tom for this three part series with tax expert Jeremy Kessler as they dive deep into the world of taxes and financial planning. Taxes can be a complex and daunting topic, but with the right insights and advice, you can save money and reduce stress. In this episode, Tom and Jeremy discuss the importance of tax planning, the benefits of staying organized, and strategies for optimizing your tax...

In today's episode, Tom talks about the power of collaboration and team-based strategies for achieving financial success. With summer in full swing and memories of childhood sports days, Tom reflects on the significance of teamwork in various aspects of life, from sports to business. Despite the growing trend of individualized financial approaches, Tom stresses the importance of forming a comprehe...

In today's episode, Tom welcomes client Alex Flecker, a senior leader at a Fortune 500 Company, who has a rich background in the military and corporate America. Tom and Alex delve into a variety of topics, including leadership, financial planning, and the importance of continuous learning. Alex's journey, from military service to corporate success, provides valuable lessons that listeners can appl...

Welcome to the latest episode of the Perennial Pride podcast. As the summer of 2023 closes, Tom reflects on the fleeting nature of time, especially as his children grow and face new life choices. Drawing parallels to the power of teamwork in childhood sports, Tom dives into the prevalent yet misguided notion of individualism that often overshadows the importance of collaboration and diverse perspe...

In the final episode of this series, Tom and Chris talk about how to use your IBC policy. One of the ways to use your policy is access to loans where you get to determine the terms, repayment schedule, and interest rate. Another opportunity is tax-free income and accrued interest. These are just a couple of the ways to use your policy. Tune in to hear more about these benefits and other opportunit...

In today's episode of the series, Tom and Chris talk about cash flow management being a crucial aspect of business and IBC offers an alternative method to traditional banking. A business owner who creates their own private bank has the ability to take advantage of tax benefits, dividends, and greater control of loan terms without any liens on business assets. With the immediate availability to cas...

Today, Tom and Chris discuss the importance of transferring wealth across generations and how that can be accomplished using IBC. Chris shares his personal story about his father's whole life policy and how it grew over the years giving him the ability to set up policies for his own children. They talk about the value of having conversations about finances, death, and wealth growth within the fami...

Tom and Chris discuss the "buy term and invest the difference" strategy, which advises purchasing term insurance for temporary coverage while investing the cost difference in the stock market. They emphasize the benefits of diversification in investment portfolios and suggest considering various risk assets. They also discuss the advantages of whole life insurance as a risk management tool, provid...

For today's episode of the series, Tom and Chris discuss various aspects of the life insurance industry and its relation to the Infinite Banking Concept. They highlight the difference between life insurance companies and stock companies, emphasizing that life insurance companies are owned by their policyholders while stock companies are owned by the public and more focused on short-term returns. T...

In part four of this series with Chris Tormey, they talk about the five simple rules for IBC and the human problems that stop people from having success and wealth. It is crucial to adopt a long-range mindset and carefully consider future implications of financial choices. By consistently paying premiums, embracing opportunities to capitalize on cash value, and minimizing reliance on traditional b...

In today's episode, Tom and Chris talk about delayed gratification and its impact on life and wealth in a world of instant gratification. They discuss the need for finding a balance between immediate gains and future-oriented actions. Embracing failure as a part of growth and building good money habits through consistent savings, risk mitigation, and a balanced approach to wealth building are keys...

Today, in part two of Tom's series with Chris Tormey, they dive into how IBC actually works and the benefit it has for managing finances. They explain how IBC gives people the opportunity to take control of the banking function in their lives and that whole life isn't just for income replacement but also serves as a means of building equity and legacy. Take a listen to learn more about how to leve...

In this nine part series, Tom is joined by fellow IBC Practitioner Chris Tormey to provide their perspective on Foundations of IBC. Today, in part one, they elaborate on the Infinite Banking Concept itself. They further discuss the characteristics of a good investment and how a well-structured whole life policy can provide benefits such as accessibility to cash, minimal market volatility, protecti...

Today, Tom is joined by Dave Wolcott: Author, podcast host, and founder and CEO of Pantheon Investments to talk about entrepreneurs building wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow and tax efficiency. Tom and Dave talk about shifting paradigms to find success and freedom in life and own their futures so they can achieve and in...

Time moves fast and before we know it, years fly by especially when we start getting comfortable. We can often neglect to stop and reflect on why we are doing the things we are or aren't doing. The world's most influential values are family, relationships, and financial security. Tune in today to hear Tom talk about his hopes to inspire others to think about how they can best support their familie...

Tom is joined by Curtis May of Practical Wealth Advisors to talk about freedom of wealth and life. They help their clients achieve more than they thought possible from a financial perspective and want more control over their money. They want to become financially independent before age 65. They are committed to lifelong learning and know that with the right education, they can find the best soluti...

In today's episode, Tom talks about the potential recession coming given rate hikes and debt with companies. We are starting to see layoffs as some of the larger corporations that may have hired too many, too fast. However, many corporate professionals need paychecks and healthcare. Most have built good net worth but not much liquidity. Tom talks about assessing your financial foundation and getti...

Tom is joined today by estate planner and attorney Everett Sussman. Death isn't something everyone wants to talk about, but the reality is that it will eventually happen. Society has come to rely on the government more than ever for benefits and reduced the freedoms we have in life. Majority of families don't have an estate plan in place. Listen to hear about why you should have a plan in place an...

In today's episode, Tom talks about his son and when he started to play baseball: He is a good athlete but didn't quite know what he was doing. He needed to learn the game. The same can be applied to Real Estate Investing. It's something many want to get into, but they just don't quite know where to start. Tom shares the opportunities he used to get educated and how he leveraged his whole life pol...

Tom is joined again by Monica Felton, a College Financial Planner to talk about alternative ways to pay for college. They talk about the misconceptions of what the true cost of college is and the reality of funding options (many think there's a lot of money to get from the government and schools), but the reality is a lot worse. Tune in today to learn about alternative ways to fund your child's Hi...

In today's episode, Tom talks about being curious, courageous, and cautious when it comes to life and wealth. He recalls his self-effacing childhood and not wanting attention, but feeling good about himself. This pushed him to learn more and research things. Tom talks about how your ego can be your enemy and the importance of pressure testing yourself to gain courage and know to "quit" for the bet...

Joining Tom today is Chad Spitzer of the Captive Insurance Group to talk about building the right financial foundations and removing surprises to bring more certainty to your business. Tune to hear about alternative ways to protect risks to your business. Highlights 01:29 Chad's background in finance and how his family works in the insurance business 02:38 Purpose behind captive insurance and how...

In today's episode, Tom talks about delayed gratification and the impact it has in life and wealth. Everything is essentially one click away; Amazon, dinner, clothes, entertainment, etc. When it comes to your wealth and life, doing things the easy way doesn't always pay off. But being disciplined teaches you to be patient and think about the long term. Evaluate what you're invested in and determin...