The Case for Contributing 30% of Your Retirement Savings to an LIRP
Your LIRP functions as the ideal volatility buffer because it grows safely and productively in a tax-free way. According to a recent study by Ernst & Young, investors that contribute 30% of their retirement savings to a LIRP will have their…
Dave Ramsey Is Disastrously Wrong on Roth Conversions
The biggest issue with Dave Ramsey’s view on Roth Conversions, and most of his advice in general, is his one-size-fits-all approach which costs his listeners hundreds of thousands of dollars. Dave starts off on the right foot by recommending people…
Roth Conversions: Avoid This Bracket at All Costs!
We know for sure that we currently have three more years of historic tax rates. The good news is that it’s fairly likely that those tax rates will be extended for another eight years, giving us a wider window of opportunity. Congress has essentially…
Here’s Why They’re Going to Extend the Trump Tax Cuts Before 2024
The Trump tax cuts went into effect at the end of 2017, but because they lacked a supermajority of approval in Congress those tax cuts had an expiration date. David has long maintained that the government won’t let those tax cuts expire. There is a…
Do ALL Financial Gurus Hate Cash Value Life Insurance?
For David, financial gurus seem to hold a deep hatred for permanent life insurance – be it whole life, universal life, index universal life, or variable life. A key question to ask: with so many financial gurus against life insurance, how can we…
Should you do a Roth 401(k) or a Traditional 401(k)? (The Answer May Surprise You!)
The decision of whether to contribute to a Roth 401(k) or a Traditional 401(k) all comes down to whether you are likely to be in a higher tax bracket than you are now when you retire. The only determining factor in whether you should contribute to a…
Ramit Sethi is WRONG About Annuities and Cash Value Life Insurance
When it comes to investing, I’ll Teach You to Be Rich author Ramit Sethi sees whole life insurance, annuities, and Primerica as major red flags. David believes that, in the Netflix documentary How to Get Rich, Ramit Sethi makes sweeping insurance…
Dave Ramsey Says Don’t Do an IUL Because of Its Surrender Charges (Is He Right?)
Dave Ramsey contends that the IUL is a ripoff primarily because of two reasons: high fees and surrender charges He also recommends that if you have an IUL to surrender it immediately, thereby incurring those surrender charges immediately. The reason…
Now is the Best Time in History to Get to the 0% Tax Bracket
If you have the lion’s share of your wealth in a tax-deferred bucket, you have actually played your cards perfectly. You probably allocated that money at a time when tax rates were likely higher, and right now tax rates are at historic lows. This is…
Does the IUL REALLY Work?
The internet is full of naysayers that are convinced the Indexed Universal Life Insurance Policy (IUL) is a ticking time bomb, but the question is “what does the evidence show?”. Over the last fifteen years we’ve seen catastrophic market…