HOW WEALTHY PEOPLE USE LIFE INSURANCE TO AVOID PAYING TAXES
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- เผยแพร่เมื่อ 4 ม.ค. 2023
- In this clip we talked about irrevocable life insurance trust and how the wealthy use them to avoid taxes. #taxes #lifeinsurance #estateplanning
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Love this Pod! Most beneficial pod I listen to regularly.
Always a pleasure to receive info from you guys.
Thanks for the gems fellas. Salute 💪🏿✊🏿
Excellent posting ❗️
Keep Serving. Thank you!
Picking up the jewels dropped 🙏🏾
The analytical mind has its limits but thank you for the logic
Mind has been blown !
Hahahahahaha “how much coverage are you getting…huh” I’m rolling. All jokes aside though thank’s for putting this out I appreciate you guys!
What is the minimum income level where having a trust in beneficial for an Employee or entrepreneur ?
Get someone who understands Trusts for different states and offers the services so we can get set up. 🙏🏾 Thx guys
Everything talked about in this episode? 💎💎💎
Great channel guys! I wanted to know if you could use whole term Life to protect your financial gains in Crypto? I live in Canada, so not sure if the laws are different, but I think the government will take at least 45% of your capital gains if you have over a quarter of a Million in Crypto. The fees are highway robbery to say the least. If you have a deeper insight on this topic, I'm sure your viewing audience would love to know more. Not much people are talking about Crypto in regards to life insurance. From what I understand, a couple Life Insurance companies have already invested in Bitcoin Life insurance. It seems like this is where the future is headed in terms of Insurance companies partnering with certain blockchains in regards to digital assets. I would love to hear your thoughts. I think this could be big for those who do the research.
Yurrrr💡
Bring the lawyer on so he break it down in full
It IS something wrong with “avoiding” taxes, our society needs money, now the wealthy needs to pay their part but to wanna benefit from a healthy government and societal structure but put nothing in it is wild.
U really believe that ? Dubai pays no taxes and they way better than us
🕊️✝️
I would agree but I don’t hand my money to a crack addict on the street so why hand it to the government? They do the same irresponsible things with money (unnecessary wars, illegitimate scientific studies, poorly constructed “social programs”, etc) but people are ok with the disrespect they show for money? Not my money that I work for, no ma’am. The structure is broken and if the true magnitude of the waste were witnessed by the masses we would’ve already abandoned the all mighty fractions dollar. I chose to help people directly I’m capable of writing a check I don’t need them to put my money where I don’t want it, but people do indeed need monetary help I 100% agree
It’s the way it’s set up 🤷🏾♂️ at the end of the day you could be the dick or the swallower. Im not gon be the swallower, the less I got to pay, the better. I’m not giving Ukraine any more of my fucking money and I’m not funding more wars overseas. They spend our money incorrectly then they wanna get mad that people try to avoid taxes. Flint Michigan still got fucked up water !
Wealthy do pay taxes. Millions of it.
Remember that estate taxes are voluntary. No matter how high they raise rates you don't have to give it to the government.
How many life insurances can you have? Can you have a term and whole life?
Yes. definitely
At 1.48 m subscribers I am thinking a whole lot of people are getting weak advice.
I will grant you guys have some base of knowledge, but there are lots of holes.
As it relates to taxes, you guys are not talking about regulator folks. The fed estate taxes only applies to folks having over $12,000,000 assets. In 2024, the fed estate tax applies to over $13,000,000
Also, life insurance generally is NOT added to one's estate. Most people have spouse or children as beneficiaries. In a tiny few cases, the death benefit is used to pay the taxes on the estate.
Finally, 99% of the people would be better served with term life insurance and invest the rest. Over decades, the rate of return for the stock market is about 10%. The rate of return within an insurance policy is generally less than 2% regardless what the insurance agent tells you.
When are you we going to have the conversation about reparations and economic inequality. I feel you on discussing comeups but let’s not be elitist
I found reparations here th-cam.com/video/hYrm2vuTPSE/w-d-xo.html th-cam.com/video/pk6s26NXOP8/w-d-xo.html
If you guys want real financial advise these dudes ain't it. Teaching you guys how to commit fraud. IAN has been exposed already.