Wealth Talks

Avoiding Loss Can Be More Important than Making Profits

In the 1970’s DMSO was very popular with athletes🏃🏽‍♂️but you had to go to the vacuum store to get it. Where is DMSO today? What about other Fad remedies that come and go? You can see a similar pattern in the Financial World too. Fads come and go, the Guarantees stick around through thick and thin. Some fads are harmless, but many times the smartest thing you do with a Fad is - avoid it.  Just because “everybody is doing it” doesn’t mean that automatically becomes a good thing to do. Proce...

Choices and More Choices - Where are the Guarantees?

Life Insurance, Index Funds, Mutual Funds, Low Fees, Lower Fees, - hey even Negative Fees now! 💫 Risk, Risk Management, Risk tolerance... how in the world do you know what to do, let alone know how the results will turn out? Only by building on a foundation of Guarantees can you navigate the financial world with any sort of confidence. No mortal can tell you exactly how the future will turn out. Accept this truth and protect yourself from volatility, then take a cue from 🍔 Burger King and ...

Special history about the Apollo 11 Astronauts & Life Insurance Mortality Table Updates

In this episode: Life Insurance Companies are updating their products for the latest 2017 CSO Mortality tables (CSO = Commissioners Standard Ordinary). The previous major CSO tables were assembled in 2001. There are some changes that will affect new policy values because people are living longer now. Listen to hear what these changes mean for you. Special history on the Apollo 11 astronauts! (timecode: 4min 37sec)  🚀 As we celebrate their achievement with the Moon landing 🌙 and their saf...

Should You Defer Taxes or Keep Your Money and Never Pay Tax Again?

Deferral has been called “magic” 🎩 in the financial world. Deferral can help you accumulate more money, but will it actually provide you more money to use? This is a gamble on where tax rates could go and how the market might perform. Where are taxes going in the Future? Listen for what you should consider before jumping on the Tax Deferral bandwagon. Just because “everyone is doing it” doesn’t automatically make deferring your taxes the best thing to do. Right now, Congress is contempla...

Recover the Cost of Caregiving by Family Members

Did you know that nearly 3 out of every 10 people provide care for chronically ill, disabled or aged members of their family? 😨 It’s true, and more than 1 out of 10 of these family caregivers provide 40 or more hours of care per week!   Whether you’re directly providing this care or financing the care for your family - this can really affect your finances FAST. But your retirement and legacy shouldn’t have to suffer for this important priority IF the family plans ahead.   Don’t wait ...

Financial Freedom for you Retirement Income Strategy

Happy Independence Day! 🇺🇸 It's a great time to consider how you exercise your Financial FREEDOM. Financial planning used to be simple. Today there are infinite possibilities - some good - some bad. You want sustainable Passive Income in your Golden Years? Now is the best time to optimize your money - create stability and better options for the future. This is not as hard as you might think. Traditional tools with solid guarantees are still the best way to build your foundation. Also...

Why You Don’t Want to Buy Term and Invest the Difference

A L Williams popularized the concept of “Buy Term and Invest the Difference” in the 1970’s. When market returns are looking good this concept seems to make a come-back even though it’s flawed with big assumptions. They say you won’t need a death benefit when term insurance gets expensive. They say your investments will do better than whole life insurance. Maybe, and maybe not. You want guarantees? Then you want to build a strong financial foundation with guarantees before you invest. Inv...

Life Insurance Policy Loans to pay Premiums – Should You DO This?

Catch this Special Interview with Alex. Alex contacted our office for some policy reviews after his agent told him “let policy loans pay your premiums.”  This started in the 90’s.  20+ years later results are plaintive. These were (and still are) good policies, but the funding strategy backfired. Policy loans can enable you to take great financial opportunities without giving up guaranteed growth + dividends on your money, and like any good strategy this can be taken too far. Good rule o...

Stock or Mutual Insurance Company?

Most public facing insurance companies today are organized as stock-held companies. 🏢 Many mutual carriers have reorganized as mutual holding companies.   What does this mean for you? Example: You get a whole life policy from a mutual carrier. BUT then the contract says your policy was issued by a stock company! You still participate/receive dividends + have voting rights as a mutual policy holder, so what just happened?   No cause for alarm. If you chose a mutual holding company, th...

Can You Really Make Money by Taking a Vacation?

Some gurus say you can “make money” by taking a vacation financed by a policy loan, but is this really true? 🤨 Taking a vacation is an obvious expense - there is a cost - at some point you have to make the money to pay for your vacation.   Here’s how to tell the Facts apart from Fluff. Yes, you can “Recover/Offset” money on your next vacation… and it also takes TIME. Checkout How to Recover Thousands on Your Next Vacation - Article for further info with a numeric example. When it c...

What Type of Life Insurance Do You Really Want?

Some advisors tell you to Buy Term Life Insurance and Invest the Difference, but there is a better way (no secret). 🤔 Some advisors tell you to Buy Universal Life Insurance (UL, VUL, EIUL or IUL variants), but this is really a pre-packaged form of the same strategy 🎁 - Buy Term and Invest the Difference. There’s still a better way!   We tell you to buy Whole Life Insurance with a strong PUA rider (Paid Up Additions) + maybe some convertible term insurance (separate policy)…AND you will...

Are You Managing Risk by Hiding It Instead? Don't let this Bite You!

Did you know, that successfully avoiding risk can be more important to your wealth than finding great returns? ⚠️ But most people (including financial planners) think they can “manage risk” when they’re simply hiding the risk instead. Don’t let this bite you.🦈 Learn from a real-life story of Steve Wynn’s Mirage Hotel & Casino + the fact that “In the last fifty years, the ten most extreme days in the financial markets represent half the returns. Ten days in fifty years!” In 1911 the Supre...

Cut Through the Fluffy Marketing to Build Your Wealth Securely

You will hear all sorts of fluffy marketing terms when it comes to building wealth with life insurance. 🎧 Listen for tips on how to cut through to the real meaning and understand the keys to manage your money wisely. A good litmus test that still holds true = “If it sounds too good to be true, it probably is.”  Of course Truth does provide amazing results, AFTER the foundation has been laid. Good things take time to grow.   It’s not so much about the money you SAVE - its about the Mone...

How are Numbers Looking on Actual 2018 Tax Returns?

Are you having to pay more income tax for 2018 than you planned?🇺🇸 Jack Cohen CPA joins us for a quick interview to share what he’s seeing as 2018 returns are processed. You may not be getting as big a tax refund this year because of the way withholding is calculated under the new law...instead, you most likely keep more with every paycheck. The IRS will be releasing a new W-4 form later this year which could complicate withholding for employees. Most Americans are indeed paying less fed...

Should You Do a 1035 Exchange?

Similar to a 1031 exchange in Real Estate 🏘, a 1035 exchange lets you avoid tax and transfer your “cost basis” when exchanging life insurance policies.   Do you have a policy that isn’t performing the way it ought to be? Is your insurance agent wanting you to exchange into a new life insurance policy? Should you do this?   Here’s an overview with Pros and Cons and what you want to know to decide whether a 1035 is the best idea for you.   Also some clarification around when it mak...

Vacation on the Wealth Cruise in October 2019

🛳 Come experience the Wealth Cruise Oct 19-26th 2019! Launching from Ft. Lauderdale, FL and touching ports in St Thomas, Grand Turk, Half Moon Cay, and San Juan you can expect delightful destinations with beautiful blue waters AND…   You’ll get to hear proven practices for wise Money management, strong Family Relationships and good Health from the McFie Family, Krish Dhanam and Dr. John Bergman. This will be an experience much different than the Wealth Summits!   Cabin prices start a...

What You Should Know About Disability and Long Term Care Insurance

Wikipedia reveals 91 different types of insurance 😲 - many of them you will never need. Life Insurance gets high attention on this show with good reason. There is a place for other types of insurance too. Did you know there is insurance that will pay you an income if you become disabled (Disability / Disability Income Insurance)? There’s also insurance to help cover expenses for Long-term care such as Assisted Living. Today John and Gracine McFie share what you should know about these 2 ty...

Life Insurance Lingo Made Easy

What’s the difference between direct and and non-direct recognition? Does it matter? 🤷‍♀️ How does Re-insurance protect policy owners and beneficiaries? An inside perspective on Artificial Intelligence (AI) coming into underwriting processes. Official Ratings versus strong financials and Capital Surplus. Special Interview with 2 Vice Presidents of Ameritas Life Insurance Company: Rob Sharp and Kelly Halverson (Kelly is also an Actuary - one of the scientists who crunch the numbers...

Insurance Company Ratings and What they mean for You

Come behind scenes and hear the reasoning around insurance company ratings, portfolio management, dividends and what it all really means for you in this special interview with Karl Kreunan - Vice President of Ohio National Financial Services. Karl makes detailed life insurance topics easy. “Life insurance is a significantly underutilized financial asset” - use it in your life and enjoy the financial security it will provide for you and your family. Astronaut Neil Armstrong knew the value...

Would You Take a 5% Average Rate of Return?

You will love this entertaining and useful example of a 5% average rate of return! 😯 And you’ll never think the same way about AVERAGE returns again. Explore how returns work in life insurance and what type of life insurance works best as a guaranteed foundation of protection and savings for your family. Information is everywhere today, but real Knowledge and Understanding are the keys 🔑 you’ll need to win big because at the end of the day it’s not all about how much money you can MAKE, ...

When trying to get ahead can put you behind

When first hearing about The Perpetual Wealth Code™ you might wonder if you need to do something else first. Do you need to SAVE first? Or PAY OFF DEBT first? Or should you INVEST first so you have more money to do the Perpetual Wealth Code™? Discover what you should do first and what comes next on the best road to financial freedom. It all makes sense when you get the full perspective. Call us for a private strategy session to gain perspective on your finances and how the Perpetual Weal...

How to Keep More of The Money You Make

Recent questions reveal a natural perspective around using participating whole life insurance to build your wealth. Discover how policy loan interest works, what “backdating” means and what the “break-even” point means for you and your wallet. In the second half of the show, you’ll learn the power of the Perpetual Wealth Code™ and tips for managing money in your financial toolbox. Resources: Definition of the 7-pay period Dividends Explained - Podcast

A Huge Inheritance to Massive Debt and now Financial Freedom - Mark Dealy’s Journey to financial success

How You can Benefit from Life Insurance Company Profits

Everyone knows life insurance companies make good money, and they don’t share profits with all policy owners. Neither do all policy owners get equal benefits from guarantees provided by life insurance companies. Discover what’s going on behind the scenes with company structure, and policy design. Armed with this knowledge you can maximize your guarantees from certain life insurance companies and share in the profits of the insurance company as well. A good Life Insurance policy can be a ...

How to get Guarantees for Your Financial Future

Did you know there have been 29 market corrections of 10% or more over the last 50 years? That averages out to more than one every 2 years and this volatility can play havoc with your financial security UNLESS you build a strong foundation of GUARANTEES first. Investment opportunities are nice, but don’t let them lure you away from building your all-important foundation. Build your foundation first and then the world becomes your oyster. 4 Steps to Wealth in order of priority = Protect, ...

Interview with Special Guest Krish Dhanam- A New Movie and The Wealth Cruise

Filmed on location in India 🇮🇳, with a top-quality production spanning 5 continents - The Least of These (movie) 🎬 was released in US theaters February 1st 2019. It is a story of compassion, desperation, truth, deception and forgiveness. Hear first hand from Krish Dhanam as he takes you behind the scenes and reveals the journey of this amazing project and what the message means for you. You see, life and wealth are 3 dimensional and you have to get all 3 dimensions right to be a complete s...

Exposed! Pressure Tactics around Life Insurance

There’s a big difference between quality motivation and high-pressure sales tactics often used by insurance salespeople. Here’s what you need to know to discern the real deadlines so you can be comfortable with this important purchase. There’s no excuse for hhigh-pressuresales tactics, but neither is there any excuse for procrastination. Call our office for a no-pressure life insurance experience, or a second opinion on your current policy: 702-660-7000 2019 Workshops - See the Current...

How to Payoff Debt

Financial entertainers 🤑 will tell you that you need to “cut out your coffee” ☕️ to get out of debt, save for your future and become a millionaire! Maybe that’s true for them, but is it true for you? BALANCE is key. Discover how to balance your financial life so you can save with sustainable guarantees, get out of debt and achieve your dreams without sacrificing your quality of life. The basic recipe is simple. Your details are unique. Call us for assistance with your strategy to get out...

How You can Save More Money using HRAs and HSAs

There’s a lot of “alphabet soup” 👀 surrounding HRAs (Health Reimbursement Arrangements), HSAs (Health Savings Accounts) and FSAs (Flexible Spending Accounts)…even people who are really smart managing money don’t always realize the potential of using these tools to save money. When it comes to HRAs there’s a traditional 105 HRA and also the QSEHRA which provides great options for small business employers & employees. Now there are some new plans on the horizon for 2020 like the ICHRA and EB...

Over $10 Trillion and many Americans are directly exposed to this Crisis

You may remember the iconic character, Mr. Toad the motorcar fanatic 🚘, from Kenneth Grahame’s classic Wind in the Willows. What you may not know is how to recognize wild Mr. Toad rides in the financial world. 2 new Debt Bubbles have been growing since the subprime lending crisis around 2008. Combined there are over 10 trillion dollars and many Americans directly exposed. Now the Federal Reserve is raising interest rates - could this pop the bubbles? 📌💥 Don’t be caught by surprise. Liste...

Something you can learn from Southwest Airlines

Did you know Southwest Airlines made a profit every year while other airlines were struggling in a post 9/11 world? ✈️ Could war strategy books help you become a better money manager? ♖  Practical people know that truth in one area of life can often be reapplied to other areas of life with the same success. So can lessons from failure. When it comes to failure, it’s always better to learn from other people’s failure than from your own.   Resource Link: Facebook LIVE Jan 2019 - 6 Thi...

How to Build Financial Strength and Security in 2019

Did you know that 2018 was the worst year in the US stock market since 2008?   Learn from 2018 and build a resilient toughness 💪 into your financial future for 2019 and beyond. Happy New Year!   Read more about the value of a Volatility Buffer in retirement here   Call 702-660-7000 for your personal strategy session.

Why you need to prepare your children to manage money like Warren Buffet

Did you know that Warren Buffett’s first business venture started at age 6? And at age 11 he was working in his father’s brokerage firm. Listen for the story and why it’s so valuable for children to learn wise money management values as soon as possible. Get the 2 children’s books by Gracine and Anna McFie here on the Life Benefits store. https://www.life-benefits.com/store/ Also on this show - a question Dr. Bret about pre-payment penalties on business loans and some thoughts on when ...

Do You Have a Friend Selling Indexed Universal Life Insurance?

But IUL is no way to get great guarantees on your money.  If you want to help your friend, you might even be able to pay them the commission they would have earned if you bought the policy from them, and still come out ahead! 😳 IUL is a hybrid insurance product based on term insurance where the cost of insurance is increasing every year. Discover why guarantees from Whole Life insurance are better…and if you really want to invest in the index fund, go ahead and invest directly so your grow...

Q&A with some bonus Christmas Shopping tips

Shopping for Christmas, Birthdays and other celebrations can be fun, and sometimes tough too. Some people go into debt this time of year.😟 And maybe you can’t find a gift that really expresses the love you feel for someone. Here are some tips to keep your shopping fun, enjoyable and fulfilling for true wealth in all aspects of your life. Remember that the most important things in life aren’t things. Protection and security for the future is one of the most meaningful gifts you can give to ...

13 Years ago we came home to robbers in our house. What we learned would change our life and financial thinking forever

13 years ago we came home to Robbers in our House. What we learned, would change our Life and Financial Thinking forever It was a dark, drizzling dreary November evening 13 years ago, when we came home to Robbers in our house!👺   They got away with many things…some which you can never replace. The cleanup process was emotional, but also helped change our thinking. For example: If the thief didn’t take _____, is it really as valuable as we think?   During the cleanup process, Michel...

Is Premium Financing a Good Idea?

Premium Financing promotions seem to be all over the place today! But with so many moving pieces 🎲 are they really the best idea for you and your family??    Here’s what you need to know to secure a golden financial future 🔑 - from simple budgeting for extra expenses (like a new transmission) - to the best way to plan for life insurance premiums. You are listening to Wealth Talks 🎧   More info on Premium Financing: Premium Financing (Stacking and Laddering Policies) - VIDEO Pre...

Comparison of Healthcare Sharing Options

Many people are looking beyond traditional health insurance to faith-based healthcare sharing ministries. ⛪️ Not only can you stand up for the healthcare values you believe in, but you can often save money too.   Since the Affordable Care Act requires health insurance to cover pre-existing conditions, traditional heath insurance premiums have skyrocketed🚀 Participating in a healthcare sharing ministry is often much less expensive than traditional insurance because these groups CAN make...

Life Insurance Made Easy

Ever feel like you’re trying to decipher Mandarin Chinese when it comes to Life Insurance? 🤔 Each industry and niche has a special set of terms, and it all becomes much easier when you know what these terms mean!   Get the high-level overview today which is more than average life insurance agents know. And if you already have life insurance request a complimentary Policy Review to understand what you own.   Click here to Request Your Complimentary Policy Review 

Is Life Insurance a Good Tool for You to use to Build Wealth?

Some people love it.😍 Some hate it.😡 Explore the value of life insurance in your financial plans and how to integrate this tool to maximize your results.   The Perpetual Wealth Code™ outlines a system to build a strong foundation for your financial future.💰 Today we review this system and answer relating questions from the 2018 Wealth Summit audience. 🎤   Missed the Wealth Summit?  Get Online Access to the Recording Here - $297   📞 Call 702-660-7000 to discuss your personal situ...

Saving Money on Your Health Insurance

Health Insurance Made Easy with Special Guest Jack Hooper Open Enrollment for 2019 Health Insurance is just around the corner! (November 1st - December 15th 2018) Small Business Owners (up to 50 employees) have some great options to limit cost and help em

Wealth Workshops coming to Your area in 2019

In 2019 we’ll be hitting the road for workshop events around the USA. You can submit a request for your area on our website here www.life-benefits.com/contact. Or let us know by phone 702-660-7000.   Get Online Access to the Full Wealth Summit Recording - $297 (ready by December 1st or as soon as editing is done) 2019 Wealth Cruise Details    

Question from Live Audience at the Wealth Summit

Today on Wealth Talks, join Tom, John, and Michele McFie as they take questions from the live audience at the Wealth Summit. Learn about the Perpetual Wealth Code, Life Insurance, and advanced strategies about money.

The New 2018 Tax Laws with CPA Jack Cohen

If you ever get the dreaded “brown envelope” from the IRS, you want someone like Jack Cohen CPA on your side of the table. Jack worked for the IRS for 33 years and now represents people in front of the IRS…you could say he say he saw the light and turned back from the dark side. Today on Wealth Talks, Jack previews some the topics he’ll be sharing at the Wealth Summit including the new limitation on SALT deductions (State and Local Income Taxes) and the 2018 tax break for business owners. ...

Catching the Right Attitude to Create Wealth

Mark Dealy will be sharing his Perpetual Wealth Code™ journey at the Wealth Summit this year! Today on Wealth Talks you get a personal insight into 2 key factors that have contributed to Mark’s successful journey. Come here Mark speak LIVE at the 2018 Wealth Summit - Register here Mark Dealy owns a landscaping company in Washington state. He is also a Wealth Mentor at Life Benefits and helps people to wisely implement the Perpetual Wealth Code™. You can reach him by phone at: 360-220-6641

Interview with Famous Physician Dr. John Bergman

“So many people spend their health gaining wealth, and then have to spend their wealth to regain their health.” -A.J. Reb Materi More and more people today are getting diagnosed with Alzheimers, Parkinson’s, ALS, Dementia and other Brain/Nerve related diseases. But it didn’t used to be this bad. What changed? Healthcare & Assisted Living are no fun and they’re pretty expensive too - big Wealth Killers. Dr. John Bergman will be at the Wealth Summit sharing the data and some things you c...

"America's Rabbi" Daniel Lapin shares secrets with you on how to grow your wealth

Growth and expansion is REQUIRED - not optional. Trying to keep your family or business the same size guarantees only one thing - that it will shrink. Why does the United States print the words “In God We Trust” on the currency? Is there such as thing as an “evil corporation”? Today on Wealth Talks, Rabbi Lapin shares nuggets of wisdom to help you Grow and Protect your Wealth. You can meet Rabbi Lapin in person when he speaks LIVE at the 2018 Wealth Summit Oct 12-14th in Las Vegas - Re...

Protecting Your Assets from Lawsuits and Catastrophe

4 tools everyone should use in their personal legal foundation because…what you KEEP is more important than what you MAKE.💰 Special guest Attorney Lee Phillips, spent several years of his life earning an extensive college education. 6 months after graduation (age 27) he was diagnosed with Stage 4 cancer and all the golden prospects of a wonderful life came crashing down.💥 Come hear Lee speak LIVE at the 2018 Wealth Summit - Register here Learn from Lee’s journey so you can protect your...

How Much Should You Be Saving for Your Future?

Is 10% of your income enough to be saving for your financial future? Should you be saving more? There is a way to save more by quickly converting your 10-20-70 budget to 30-70 without working any harder. Listen and Discover how. Resource Link - 10-20-70 Worksheet Also in this episode, find out how you can manage your large portfolio of life insurance policies easily and efficiently. Thank you Jason for writing in with this question.

How to Prepare for Oppurtunity with Dr. Terryl Wolfswinkel

Thomas Edison once said that “Opportunity is missed by most people because it is dressed in overalls and looks like work.” How true! As Brian Tracy has observed, “Successful people are always looking for opportunities to help others. Unsuccessful people are always asking, ‘What’s in it for me?’” At the Wealth Summit Dr. Terryl Wolfswinkel will be speaking on Opportunity and how to be ready when opportunity comes knocking. Today on Wealth Talks he gives a “sneak preview” to his valuable p...