91: Five Myths Your Financial Advisor Believes

Strategic Whole Life by Infinite Banking Authorized Practitioners

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In Episode 91, we debunk some of the most common misconceptions perpetuated in the world of financial planning.

Join us as we get into some myths about:

• 401k and IRA deductions
• The sole purpose of life insurance
• Misunderstood commission structures
• The 4% withdrawal rule
• And the traditional 60/40 stock-bond allocation.

EPISODE HIGHLIGHTS:

[00:01:00] - Introduction and discussion on the first myth regarding 401k and IRA contributions and the misconception about tax deductions.

[00:03:00] - Insights on who benefits from investments in qualified plans and the concept of the "lobster trap" in financial planning.

[00:05:00] - Examination of the use of whole life insurance policies for liquidity and control, as opposed to the limitations of 401k plans.

[00:07:00] - Analysis of the perspective on term insurance, its limitations, and the advantages of whole life insurance.

[00:09:00] - Discussion on life insurance policy commissions and their comparison with assets under management fees.

[00:11:00] - Exploration of the 4% withdrawal rule as a retirement strategy and its practical challenges.

[00:13:00] - Explanation of how whole life insurance can enhance the 4% rule for more secure retirement income.

[00:15:00] - Debunking the myth of the 60/40 stock-bond allocation, including challenges faced in the bond market.

[00:17:00] - Argument for using whole life insurance as a risk transfer tool, superior to traditional bond investments.

[00:19:00] - Critique of conventional wisdom around life insurance commissions.

[00:21:00] - Discussion of the real purpose of term insurance and the historical perspective of life insurance sales strategies.

[00:23:00] - Final thoughts on understanding financial planning myths and the value of whole life insurance in a diversified financial strategy.

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LINKS:

Get in touch: SCHEDULE A CONSULTATION

Online Course: IBC MASTERY

Video mentioned in the episode: WILL A RECESSION WIPE OUT ETF LIQUIDITY?

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About Your Hosts:

Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!

John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.

John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.

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Connect with us

Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!

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ONLINE COURSE:

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Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:

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