Episode 354: Bank on Yourself® Plus Strategy – From Guaranteed Growth to Guaranteed Lifetime Income (Part 1)

Not Your Average Financial Podcast™

In this episode, we ask:

• What are you looking for?
• What are the reasons for setting up a policy?
• What are the downsides?
• What do we need to keep in mind?
• What about a finite amount of money?
• What about accumulating?
• What about taking money in retirement?
• What about outliving your money?
• What about dying too soon?
• What about triggering an estate tax issue?
• What is the current federal estate tax trigger?
• What can change?
• Who will trigger this?
• What about state estate tax exemption?
• Will Bank on Yourself® policy holders trigger these estate taxes with the death benefit?
• What about creating an estate?
• What is standing there as a shield?
• What can serve as an estate liquidator?
• How about a case study?
• What about unpleasant surprises?
• What happens if you enjoy retirement?
• How does this solve the estate tax issue?
• What about the problem of out living your money?
• What accounts carry this risk?
• How much have you built up?
• How much can you pull each year without running out?
• What do you avoid?
• What about market volatility and sequence of returns risk?
• What about fees?
• What about taxes?
• How are you going to make this money last?
• What is the hardest question of all in finance?
• What happens with a portfolio of policies?
• Would you like to hear Episode 252?
• What about the 1035 exchange?
• How is this like a 1031 exchange in real estate?
• What is the plus strategy?
• Can you roll a life insurance policy’s cash value into an annuity?
• What is the advantage of an annuity?
• Will you get paid a lifetime income?
• How about an example?
• What about a 401(k)?
• What did Wade Pfau, David Blanchett and others say?
• How much would you rather have?
• What would you prefer?
• How much would you prefer?
• What are the downsides?
• What is there to consider?
• Are annuities liquid?
• Are Bank on Yourself® type whole life insurance policies liquid?
• Can you Bank on Yourself® with an annuity?
• Do annuities have tax-advantages?
• Is it purely tax free?
• What happens with a portfolio of policies?
• What can you transform?
• How much do you want guaranteed?
• What can be used for medical expenses?
• What about leaving a lump sum to a surviving spouse?
• Can one take a partial 1035 exchange?
• Who needs to know about this?