Episode 123: News Roundup: The SECURE Act Passes, A Billionaire’s Biggest Policy and a WSJ Warning

In this episode, we ask: What is the SECURE Act? How does this act affect retirement accounts? What about the fiduciary safe harbor? What’s important about 72 years old? What is a stretch IRA? Did you hear the episode on required minimum distributions? Would you like to hear an example? What about taking distributions on...

In this episode, we ask:

What is the SECURE Act?
How does this act affect retirement accounts?
What about the fiduciary safe harbor?
What’s important about 72 years old?
What is a stretch IRA?
Did you hear the episode on required minimum distributions?
Would you like to hear an example?
What about taking distributions on inherited IRAs within 10 years?
What would the taxable income be in that 10 year period?
Are taxes as low as they’ve ever been?
When are taxes slated to go up?
What has changed with the 529 plans for college savings?
Can you now use 529 plans to pay for student loans?
What is a target date fund?
What is the average return of a target date fund?
What are the average rates on a student loan?
Can you apply a 529 plan for another child?
What about the 1.5 trillion dollar student debt problem?
Who purchased a 201 million dollar life insurance policy?
Who is the mysterious billionaire? Could it be Elon Musk?
Is life insurance a private contract?
Why would a billionaire pay million dollar premiums into a life insurance when they can buy literally anything else?
What are some of the benefits?
Would you like guarantees?
Would you like liquid access to cash?
Would you like tax advantages?
Would you like tax advantaged income in retirement?
What about California estate taxes?
What states have an inheritance tax?
What about the Wall Street Journal’s article on the I.U.L. product?
What is the appeal of Indexed Universal Life?
What is the massive issue with Indexed Universal Life?
What is this fancy “multiplier” and why are the regulators concerned?
Will this be a repeat of the troubled Universal Life policies of the 1980s?
What is the true cost of these policies?
What are the risks?
Have you heard Episode 59?
Have you heard Episode 60?
Have you heard Episode 61?
How many times is money mentioned in the bible?
Would you pay your neighbor’s debt?
What is the story of the church paying the debt?
How does this group view credit card debt as a group problem?
How does the debt annihilation team work?
Would you like to join us LIVE online on February 1, 2020?