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Wealth Talks podcast is an educational podcast that helps you build Wealth in all areas of your life. Increase your Financial IQ, develop personal growth, and create a lasting legacy all while getting exposed to the strategies that successful people are using. You’ll get actionable strategies and intelligence that you can immediately put to use to start creating real and lasting generational wealth. See more on our website: https://www.life-benefits.com/podcasts
 
You’ve created a powerful financial asset with the Perpetual Wealth Strategy and have a sound financial team behind you. Now what? CEO Patrick Donohoe dives deep into the foundational benefits, best practices, and elevated utilizations you should be exploring as you seek to maximize your strategy’s value. Get actionable insights from tenured Wealth Strategists, and hear powerful success stories from fellow clients embarking on the same financial path. Whether you’re an active client or simpl ...
 
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show series
 
There is a new rule pending approval which could dramatically change 401(k)s. If the ruling is approved, 401k plan managers, while choosing investments, will have to consider the ESG criteria (Environmental, Social and Governance factors) of investments for the plan. Generally speaking, fees on ESG funds are higher and there is some research which …
 
Ever heard that? It seems to be a prevailing theme nowadays. Look to the experts. Don’t ask questions. Do what you’re told. Looking to the experts is fine but relying solely on them can be catastrophic. We have to exercise discretion and make our own decisions. Today on Wealth Talks, Tom and John discuss some of the core thought processes we need t…
 
We live in a world of lies. This isn’t anything new or unique to this time in history. We’ve been living in a world of lies for a long time. So, who should we trust? The government? Yeah, not us either. On today’s episode, Tom and John share what we need to know to survive in our “world of lies”. Resources: Relative Truth is No Truth - Podcast Unde…
 
Taxing the rich is a topic many elected officials harp on with a religious zeal. Despite their moral high tone, taxes on the rich seem to do more damage to the middle and lower classes. The income tax, supposedly to penalize rich tycoons, ended up being paid mostly by people other than the rich. Whoops! Guess it’s time for a new tax. Any suggestion…
 
Warning signs are supposed to offer us some degree of protection from the described danger. Yet a recent study shows they many have the opposite effect. Trivial warnings abound everywhere... especially in California where even a cup of coffee has been found to cause cancer. Of course, just because there is a “warning” doesn’t mean it’s really dange…
 
Taking a loan from a policy is easy, but there are questions that can arise. Will taking a loan decrease my death benefit? Why does the insurance company charge interest? When should I pay off my policy loan? This week, Tom and John answer all these questions and many more. Listen Now on Wealth Talks. Resources How to Build Sustainable Wealth: http…
 
Lots of people seem to be gung-ho on investing in the market. Whether they’re trying to make a lot or make a little, build their dream home or supplement social security. Sometimes these folks only know enough to be dangerous. This episode is a chilling reminder as to how rough and unpredictable a road the market can be in reality. And talking of s…
 
America has been the face of benevolence for years. Has this benevolence contributed to the deterioration of America today? It is good to be compassionate and sharing, but we need to make sure we are not giving away what we need to take care of our own responsibilities. Listen in as Tom and John address the problem of benevolence and possible side-…
 
Taxes are unpleasant, yet it is important to plan for them if one wants to pay as little as possible. Sadly, many people are planning in a way that will cost them in the long run. Today, Tom and John are joined by special guest Martha Baker-Starr, a Certified Tax Coach™. Together, they talk about the importance of planning for taxes over the long t…
 
We put fences around our homes and locks on our doors to protect our physical property. But do we do anything to protect our intellectual property? Coca-Cola, MacDonald’s and Nike sure have, but what about us? Intellectual property is extremely important and should be properly protected, but it’s tough to know how to do so. Should you file for a Co…
 
Average returns don’t mean actual returns. On the surface this doesn’t sound like it would be a huge issue. But it is. In addition, the benefit of a 401(k) tax deferral used to be estimated about 9%, but not anymore. And fees continue taking a steady told each year which erodes your compounding base. These factors, as well as liquidity issues and i…
 
Many of those who speak about the evils of making money are the ones who aren’t making any. Today on WealthTalks, Tom and John talk about why Earning money, as well as Keeping and Giving money, are so important to building and sustaining a strong society. Make sure your children learn about the flow of money and value in meaningful ways as they gro…
 
Interest is often seen as a negative thing, but is it? Many people confuse interest with usury, but the two are distinctly different. Today on Wealth Talks, you will learn the difference between interest and usury, and how to use interest to your advantage. Also, Tom and John share the next big thing they see coming in the financial world and what …
 
Many people want to know… should they pay extra interest to their policies? This is not a simple yes or no question. The answer will vary based on few different factors, including how the policy was designed. On this episode Tom and John dig into policy design and whether or not paying extra in interest make sense. Sustainable Wealth Seminar Sept 1…
 
Tom and John are joined on Wealth Talks by Dr. Steve Hryszczuk. Dr. Hryszczuk, a Life Benefits client for many years, has carefully managed his policies to successfully invest in real estate as well as financing other things in his life. Today, he shares the different ways he has been able to use his policies, as well as sharing some sound thinking…
 
Today’s episode is all about answering questions from you and others who listen to WealthTalks. From questions about serving clients in different geographical locations, to strategy and policy design concepts – you all have some great questions. And we’re not done yet…more coming in a few weeks. Do you have a question for Tom and John? Submit your …
 
A lot has changed with IUL and what we can assume when constructing projections for cash values. There was a time when the parameters were far too loose. Then we saw AG49, which sought to bring things back down to reality. The problem has always been an unrelenting focus on what the “average” index assumption is. We’ve argued since the dawn of time…
 
Recently there was an agent who was claiming to help people with the Infinite Banking Concept. Instead, he was swindling them. On today’s episode Tom and John break down this guy’s swindling setup, talk about scenarios which should have been red flags to his clients and what finally happened to the guy. They also share some practical financial tips…
 
In the interest of building newer and sexier ways to lure you into buying life insurance, agents and marketing organizations think it would be super nifty if you harnessed the extra buying power of a bank's money to make the policy you can buy even bigger! The idea looks something like this, buying more life insurance provides you with even more ca…
 
People are outliving their money, leaving themselves broke in their retirement. It isn’t solely because they aren’t saving enough, it’s also because they are saving in the wrong places. In today’s episode Tom and John assess the current retirement crisis to find out what went wrong. They also share details about our upcoming LIVE event which focuse…
 
If you have business partners or plan to enter a business with partners, this show is important for you. If one partner dies or needs to exit your venture, you need to be able to protect your assets and buy out the missing partner. This show covers some general information about the different types of Buy-Sell agreements and how these agreements ca…
 
10 years ago, Prescription for Wealth made its debut. This small book has stood the test of time, challenging the complex financial schemes of our day with simple truth. Later books, Winning Your Financial Game, Retirement Curveball and Building Sustainable Wealth expound on the principles explained, in a nutshell, in Prescription for Wealth. As si…
 
The step-up in basis or stepped-up basis allows property and businesses to be passed to the next generation without a tax on the appreciation. Biden’s new tax plan depicts removing the step-up basis. Removal of the step-up basis will seriously jeopardize the financial legacy of many Americans. Today on Wealth Talks, Tom and John discuss how we can …
 
Poverty has always existed and always will. Despite the “War on Poverty” (the most monetarily expensive war), poverty rates in America have been steadily on the rise. This should, perhaps, come as no surprise. Jesus Christ told us we would always have the poor among us, but that doesn’t mean we have to be one of them. In today’s show, Tom and John …
 
Recently we’ve had a few Indexed Universal Life policy contracts come across our desk for review. As part of our review process, we calculated the cost of insurance in these policies and compared it to the cost of insurance in a Whole Life product of our design. In today’s show, Tom and John look at how these costs match up. While Indexed Universal…
 
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