Information and Education is Power ONLY if you use it. Doug is Blessing American Families with his Life Transformational advise. Next Best Thing is to Act on it Fast. Thank you Doug, Morepower and Godbless. Let's Go!
I'm retiring next year from one of the big 3 at the end of the year. I'll be 59 and 1 month. I'm tired of putting my money in my 401k so that I can watch it fall $17,000 in 2 weeks. I feel stuck because I can't do anything until I'm 59 and a half, so I am barely investing in my retirement now. People say, don't get out the market will come back, but I don't think they understand that how long do you wait for it to come back, till I'm 80, that's just so ridiculous sounding to me. Where are you located at?
You can also roll out to a Fixed Index Annuity .. no loss /zero floor income for life and even have a death benefit for your family.. although the annual proceeds are taxable. IUL is still my go to for non roll over especially with free Living Benefits.
Although I believe that a max funded IUL can be a good thing if they live up the illustrations, I don't fully believe his hype until I see a real life statement from someone who has been in one of these for at least 10 years. No I am not from the "whole life camp". There are so many other videos of so called gurus hyping whole life as the better vehicle for max funding and do not necessarily believe them either. I am very down on insurance companies these days as one of my fixed index annuities participation rate in the index was lowered which they can do as well as lower the caps in the IULs. Just hope no one gets burned if they invest in these products this guy is hyping up.
Whole life isn't better...but it's better than like a 401K or IRA. You still get the tax free growth and tax free loans. Just not as flexible on premiums and not BASED on the market. Still can be a very good earner.
Information and Education is Power ONLY if you use it. Doug is Blessing American Families with his Life Transformational advise. Next Best Thing is to Act on it Fast. Thank you Doug, Morepower and Godbless. Let's Go!
This man is a living legend!!
After a month of watching videos I'm convinced. Setting up a meeting next Friday.
You’ll be glad you did!
I set mine up last month and I’m almost ready to start taking loans from it. I’m starting out pretty young though (24).
@@zacharywhite7832
You can start taking out loans right away?
@@ericmuller3339 After the free look period which is usually 30 days.
@@zacharywhite7832
What is the length of contract?
@@ericmuller3339 4 years to fully find it but the policy stays in force until I’m 120 basically.
Can you do a video on the mechanics of your kids having a policy on you vs having a policy for them?
This is very doable.
Doug as an insurance agent how can I help my clients move their 401k and IRA into a policy with the least penalties?
I'm retiring next year from one of the big 3 at the end of the year. I'll be 59 and 1 month. I'm tired of putting my money in my 401k so that I can watch it fall $17,000 in 2 weeks. I feel stuck because I can't do anything until I'm 59 and a half, so I am barely investing in my retirement now. People say, don't get out the market will come back, but I don't think they understand that how long do you wait for it to come back, till I'm 80, that's just so ridiculous sounding to me. Where are you located at?
Understand! I just lost 350K this year.
@@rogermatheny5512 I can relate to you as well. It hurts😭
U need an annuity index and u may set it where your policy pays u immediate income or deferred income
@@rogermatheny5512 U need an annuity index and u may set it where your policy pays u immediate income or deferred income
Just found your channel. 50 years too late. Just bought your book.
Thanks for buying the book. We'll get it in the mail asap. Glad you made it here!
Never too late
Thanks
You're Welcome
When I retire I can take my pension out. Can roll it in to IUL without paying taxes?
You will pay taxes on your 401k account, that is a qualified account before you can put it in an IUL
You can also roll out to a Fixed Index Annuity .. no loss /zero floor income for life and even have a death benefit for your family.. although the annual proceeds are taxable.
IUL is still my go to for non roll over especially with free Living Benefits.
@@martinaohiemu4840 can I contact you?
What insurance company offers best % return on IUL?
Depends on what index it is mirroring. You will want to pick one with a no cap on gains.. I can help if you would like?
Although I believe that a max funded IUL can be a good thing if they live up the illustrations, I don't fully believe his hype until I see a real life statement from someone who has been in one of these for at least 10 years. No I am not from the "whole life camp". There are so many other videos of so called gurus hyping whole life as the better vehicle for max funding and do not necessarily believe them either. I am very down on insurance companies these days as one of my fixed index annuities participation rate in the index was lowered which they can do as well as lower the caps in the IULs. Just hope no one gets burned if they invest in these products this guy is hyping up.
It would be helpful if you saw a presentation made specifically for you and your current finances. If you’d like to see one let me know.
Whole life isn't better...but it's better than like a 401K or IRA. You still get the tax free growth and tax free loans. Just not as flexible on premiums and not BASED on the market. Still can be a very good earner.