In this special reaction episode, Nick Poppe responds to a (pretty old but very popular) Dave Ramsey clip that calls the Infinite Banking Concept/Bank on Yourself a scam. Nick breaks down key misconceptions about Bank On Yourself and Infinite Banking, explaining their similarities and clarifying how these strategies truly work. He dives into misunderstood topics like insurance company dividends, cash value, commissions, and policy design, offering a detailed defense of the concept.

Nick shares his personal journey from being a Dave Ramsey follower to discovering the power of alternative financial tools and why personalized advice matters. He acknowledges where Ramsey is right and where he misses the mark, emphasizing the importance of working with trustworthy advisors and making choices that fit your unique goals.

See the full Dave Ramsey show clip from this episode at https://www.youtube.com/watch?v=5MVUN0yGF80

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

In this episode of Living Wealthy, host Nick Poppe wraps up his 3-part series on retirement income strategies by walking you through how to design your own personalized income plan. If you’ve ever wondered how to turn your savings into a sustainable income stream—or how to plan for peace of mind, not just performance, this episode is for you.

Nick breaks down how to:

• Identify and separate income needs (necessities vs. lifestyle)

• Take inventory of your assets (Social Security, 401(k)s, IRAs, real estate, annuities, life insurance, and more)

• Layer your income: guaranteed, semi-predictable, and variable sources

• Build flexibility into your plan with tax-advantaged, liquid “buffer assets”

• Manage taxes in retirement without letting them control your plan

This isn’t about one-size-fits-all advice or generic rules of thumb. It’s about helping you align your money with your values, and create a retirement strategy that helps you sleep well at night.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

Keywords

retirement income strategies, financial planning, passive income, income needs, asset assessment, tax efficiency, retirement planning, financial coaching, wealth management, income layering

You’ve worked hard, saved diligently, and built up your nest egg. But now what? In this episode of Living Wealthy, host Nick Poppe unpacks one of the biggest financial transitions: going from saving to spending in retirement.

Nick explains why retirement isn’t just about how much you’ve saved, but how well you’ve planned to turn those savings into income. He breaks down the mindset shift from accumulation to distribution and the key risks retirees face, like sequence of returns, inflation, longevity, healthcare costs, and taxes.

You'll also get a high-level look at several retirement income strategies, including:

• The 4% rule and its limitations

• The traditional three-legged stool of retirement (Social Security, pensions, and personal savings)

• The bucketing strategy for timing distributions

• And a more personalized, multi-source income approach using annuities, real estate, whole life insurance, and business assets

Whether you’re approaching retirement or want to plan ahead, this episode will help you understand what changes when the paychecks stop—and how to design a plan that makes your money last.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

Keywords

retirement income, financial planning, cash flow, investment strategies, annuities, 4% rule, income floor, bucketing strategy, three-legged stool, retirement planning