Wealth Talks

Annuities can be good if you know how to use them. But what are some good strategies for using annuities? Today Tom and John explore different ways you can use annuities, and which ways make the most sense. Also on this episode, SBA loans. How long will it take to get one? What if I need the money before I can get the loan? Resources: Types of Life Insurance: https://www.life-benefits.com/podcasts...

We all think we know what the economy is… but do we really? What is the origin of the word economy? What does it mean? Does it pertain to you as much as it does to me? Those are interesting questions. Here are some more: What is the Cost of a credit card? What is the Price? What about the Cost and the Price for a mortgage? How does that compare to life insurance? Listen Now to find the answers! Re...

Risk Tolerance is a phrase that gets thrown around a lot in the typical financial world.  Your risk tolerance  is defined as the degree of variability in investment returns that you are willing to withstand. But this really doesn't specify the amount of money you are willing to risk in order to possibly make a certain amount of money. In other words, how much money are you going to gamble with? Of...

The market has plunged rapidly into a black swan, and a black swan is where typical financial planning fails. Typical financial planning tells you just to keep your money in, and let the market come back up. But many times, the best deals are to be found in times like these. If your money is all tied up, you are going to miss out. Traditional financial planning starts out by purchasing Whole Life...

Some people have a big win followed by a devastating loss.  Sometimes the loss even nullifies the win.  Have you seen it? It's the classic example of winning a battle but losing the war. In this episode of Your Monday Motivation there's some good advice about how to keep winning when you win. It's second hand advice, but it's good…

The market is a mess. Stocks are down, the Dow is down, the S&P 500 is down. Are you happy with your strategy for financial planning? Or does it feel more like gambling in Las Vegas? People are being failed by their financial planning strategy, leaving them dependent on Social Security. This is a problem. You need a foundation that isn't affected by the latest plunge in the market. Listen now to f...

Typical financial planning has failed, leaving many dependent on social security. 401Ks, simple IRAs and other Tax Qualified Plans, are the "golden goose" that can kill you financially if you don't know and understand the "terms and conditions" of each. Although it seems like "free money" when your employer is contributing some sort of match, will that "free money" actually cost you in the long ru...

Today on Wealth Talks Michele joins Tom and John… and so does Mr. Higgins! Well, sort of.   Poor Mr. Higgins lives in a book and has a clock but cannot tell if it is on time! Mr. Higgins buys another clock only to discover that neither clock displays the same time. Now Mr. Higgins is in despair! He can't tell which clock is correct! Is Mr. Higgins doing the same thing with clocks that some people...

How can you tell if you're paying more in taxes than you should be? Can section 199A really give businesses a leg up? What about the Secure Act? Is Life Insurance really a good tool to leave a legacy?   Jack Cohen worked as an IRS Auditor for 33 years, In fact, he won the IRS Employee of the Year Award in 2006. Since then, Jack has switched the "black hat" for the "white hat", helping people pay a...

Health is indeed a part of Wealth. And with so many options for diets and supplements in today's world, where do you even start to start? Do nutrition and supplementation really play a role in helping you reach Optimal Health? Doug Grant is the founder of Optimal Health Systems (OHS). Before founding OHS in 1997, Doug was the 1st nutritionist ever hired by an NBA team. He has continued on to work...

There are many Retirement Calculators out there, insert your numbers and Ta-Dah! The calculator spits out how much money you need to have in order to retire. But these calculators can't guarantee how much money you will need in retirement. What chunk of your money will inflation gnaw off throughout your retirement? Are your retirement savings tax free? Or only tax deferred? Will you ever require s...

The Federal Reserve has been artificially lowering interest rates for years. This has been driving up the cost of stocks, far beyond their economic value. Meanwhile, other central banks are printing up legal currency in order to buy shares of stock. Our own Federal Reserve is printing up currency with which they are purchasing mortgages. Sooner or later, a return to economic reality will have to t...

Risk tolerance is a big term in typical financial planning. Basically, risk tolerance is the amount of nerve you have to watch your investment portfolio lose money without flinching. According to typical financial planning, the higher your "risk tolerance" the more money you should risk losing to try and get big returns. But typical financial planning isn't working out so good for most Americans....

How is wealth created? According to George Gilder, there are three things that create wealth. (Listen to find out) People who put money in a 401(k) limit their access to their own money which makes it hard to create wealth… and 401(k)s aren't treating people all that well, to begin with. The average 401(k) balance is pretty low especially considering many employees are betting on their 401(k) to m...

Governments and central banks are taking the low road. They are attempting to artificially stimulate the economy by implementing negative interest rates.   John says it will work probably work short-term Tom says it could cause people to hoard tangible assets like gold, silver, antique automobiles and art. What is it that really stimulates an economy long-term and causes wealth to be created? Why...

Most people think saving money is about cutting lifestyle and luxuries. This is certainly one way to save, but it is not the only way because where you save your money can make a big difference in how much you get to keep. 💵 Benjamin Franklin says, "There are two ways to increase your wealth. Increase your means or decrease your wants. The best is to do both at the same time."   But increasing yo...

he SECURE Act was signed into law by President Trump on December 20, 2019. Here are some key changes you should know as you plan for retirement: Generally, the SECURE Act: Removed Maximum Age limit for IRA Contributions Increased the age for Required Minimum Distributions (RMDs) from age 70.5 to 72 Enforces a 10yr distribution window for most inherited retirement accounts - no more stretch IRAs  ...

Can you really eliminate the control of Banks and Financial institutions in your life by using Life Insurance? Or should you own Life Insurance for different reasons? Discover the best reasons to own and use Life Insurance as a financial tool in 2020. With the New Year just around the corner it's a great time to reflect on the history of Life Insurance and how to achieve your goals in 2020. New Ye...

What are people talking about when you hear the term "Investment Grade Life Insurance"? Answer: It can be just about any type of life insurance under the sun because the "Investment Grade" part is marketing fluff. The Supreme court has ruled that life insurance is not an investment but rather an asset, so what you really want to know is how the underlying life insurance works and how it would fit...

Should you rely only on Group Life Insurance through your employer? Or does it make sense to combine your group coverage with individual coverage? What option(s) will cost the least over time? What else should you know of when it comes to Group Life Insurance? Find out now. Hear the pros and cons of Group Life Insurance and how it compares (or can work together) with personal Term Life Insurance a...

Stories from the Plymouth Pilgrim colony and the modern Farming community help to explore the way Socialism differs from Mutual Assistance, Mutual Organizations or acts of Charity in a community. Ask yourself, what model will best protect wealth? And discover how you can you participate in a mutual framework to protect the wealth you create. Obviously, charity is important, while greed is destruct...

What you need to know about government, money systems and market environments to build sustainable wealth - we make it all easy for you. Understanding these systems conceptually, will help you grow your wealth and keep more of the money you make. Did you know Sir Isaac Newton (the inventor of calculus) made a significant contribution to a stable monetary system in England? This helped to set the s...

You've heard of income-based repayment aka income-driven repayment plans for student loans. Do they apply to you? How do you know what income driven plan is best for you? What about the tax liability when the loan is forgiven? Is it really worth jumping through all the recertification hoops? Will you have to limit your service potential to keep your income low enough to qualify? Or could there be...

From the story of the Tower of Babel in Genesis, through Greek Culture, even through the Dark Ages, and now through modern day Marxism in America, humans often think it is wrong to be wealthy. They think it might be better to redistribute the wealth. Maybe everyone could enjoy prosperity equally and fairly - it sounds really nice. But life isn't equal or fair, so what's the best solution? Today yo...

Did you know, that a withdrawal from any type of Universal life insurance policy, is substantially different than a withdrawal from a Whole life insurance policy? Policy loans may also affect universal life insurance and whole life insurance products differently. On this show you'll hear what you need to know about policy loans and withdrawals. It doesn't matter whether a universal product is call...