My Review of the Anti-IUL Book “Lapsed”
David reviews an anti-IUL book, LAPSED, written by financial advisor Elan Moas, who believes IULs are designed to fail rather than succeed. According to David, the book is written with dramatic and highly-charged rhetoric around what will befall you…
Dave Ramsey Says You Can Take an 8% Withdrawal Rate in Retirement! (Is He Right?)
Today’s episode revolves around whether Dave Ramsey is right – or wrong – in saying that people can take an 8% withdrawal rate in retirement. A group of fiduciary advisors recently confronted Dave Ramsey on Twitter. Just like David, they…
The Truth About Doug Andrew’s Retirement Philosophy
David starts the conversation by describing why he’s not a huge fan of Doug Andrew’s retirement philosophy. David then talks about the differences between Doug’s approach and the Power of Zero approach for funding your retirement. According to…
Why do Major Money Institutions HATE Tax-free Investing?
David starts the conversation by breaking down his book, Power of Zero, and the problem with America’s ever-rising national debt. For David, the goal of the book is to guide people on how to move their assets into tax-free retirement vehicles -…
Dave Ramsey Is WRONG About Fixed Indexed Annuities
David starts the conversation by describing why he believes Dave Ramsey is wrong about Fixed Indexed Annuities. In a recent live call, Dave Ramsey revealed why he is not a fan of annuities and what you should consider doing instead. Dave…
Financial Guru Loses $400k to Ill-Advised Roth Conversion (Is Your Money Safe?)
David starts the conversation by describing how a financial guru, Derek Sall, allegedly lost $400k in an ill-advised Roth conversation. According to Sall, you’re way more likely to have a lower income in retirement than you have today, so you’ll…
Jeremy Schneider–All CPAs, CFPs and FInancial Advisors Hate IUL (My Response)
Jeremy Schneider is a financial guru who claims to have retired at the age of 36 with four million dollars. He recently shared an anecdote about a young millionaire who owned around $90,000 in cash value life insurance. The reaction of the host was…
The Truth About Dave Ramsey’s Investment Philosophy
Regardless of your age, proximity to retirement, or financial profile, Dave Ramsey recommends the exact same investment allocation: divided equally among four types of funds; growth, growth and income, aggressive growth, and international. Dave’s…
How Roth IRAs and Life Insurance Can COMPLETELY SHIELD You and Your Heirs From a Doubling of Tax Rates
The national debt is fast approaching $32 trillion dollars, nearly double from only a few short years ago. Neither parties are blame-free for the situation we find ourselves in as of 2023. That $32 trillion does not include the unfunded liabilities…
Why the Roth IRA Is NOT Enough (Graham Stephan Is Wrong!)
There are a number of popular finance YouTube personalities like Graham Stephan talking about how you can be a millionaire by simply contributing $18 a day into a Roth IRA, but that doesn’t tell the whole story. Not only is that advice too simple,…