『The Money Advantage Podcast』のカバーアート

The Money Advantage Podcast

The Money Advantage Podcast

著者： Bruce Wehner & Rachel Marshall
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 Personal Finance for the Entrepreneurially-Minded!The Money Advantage, LLC. All Rights Reserved. マネジメント・リーダーシップ リーダーシップ 個人ファイナンス 個人的成功 経済学 自己啓発
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  • Estate Planning with Life Insurance: How to Protect Your Wealth and Prepare Your Family

    Estate Planning with Life Insurance: How to Protect Your Wealth and Prepare Your Family
    2025/05/12
    When we first started talking about estate planning with life insurance, it was because we saw a massive disconnect in how families were thinking about their wealth. Not just the numbers. But the purpose behind it. https://www.youtube.com/live/sqVXY199ygQ Bruce and I were in the middle of one of our deeper conversations—talking through how most people think life insurance is just a “check the box” kind of thing. They get the policy, set up a will or trust, and assume their family is covered. But what they haven’t thought through is how that money will be used. What it’s meant to fund. What kind of mindset or framework their children need to carry it forward well. Bruce said it best in the episode: “You’ve got a bunch of people out there who are trying to do the right thing—but they’re buying the wrong tool for the job. Or they’re leaving out the whole reason they got it in the first place: to provide for their family in a way that actually works.” And that’s what this article is about. This isn’t just about life insurance. It’s about using the right kind of policy inside an estate plan that’s built for generations, not just legal compliance. It’s about creating a strategy that protects your wealth and prepares your children. It’s about designing a legacy—on purpose. What Is Estate Planning with Life Insurance—and Why Does It Matter?Why Estate Planning with Life Insurance Creates Immediate LiquidityWhole Life Insurance vs. Universal Life: Why Guarantees MatterUsing Life Insurance to Offset Estate Taxes and Preserve WealthPassing on More Than Money: Embedding Stewardship Into the PlanDesigning Your Policy Without Triggering a MECWhen Estate Planning with Life Insurance Is Part of a Bigger VisionWhat the 2026 Estate Tax Sunset Means for Your FamilyWhat Is an ILIT—and Why You Might Need OneQuick-Start Checklist: How to Begin Estate Planning with Life InsuranceFinal Thoughts: Don’t Let the Opportunity Slip AwayWant Help Designing Your Legacy Strategy?Book A Strategy Call What Is Estate Planning with Life Insurance—and Why Does It Matter? Estate planning with life insurance is one of the most overlooked but powerful ways to ensure your family is protected, your assets are preserved, and your values are carried forward with intention. It's not just about paying estate taxes or transferring wealth efficiently. Done right, it gives your heirs time, options, and guidance. It replaces financial panic with peace of mind. And it makes sure that what you've built doesn't just last—it multiplies. If you have real estate, a business, investments, or a vision for generational wealth, this is a conversation you cannot afford to postpone. Why Estate Planning with Life Insurance Creates Immediate Liquidity Here’s what most people don’t realize: When you pass away, even if your estate is “in order,” your heirs may be stuck needing to pay estate taxes within nine months. If your wealth is tied up in real estate, private equity, or business holdings, your family might be forced to sell those assets at a loss—just to pay the bill. That’s where life insurance for estate taxes becomes mission-critical. With a guaranteed death benefit, whole life insurance creates instant liquidity—giving your family the cash they need to cover expenses, hold onto appreciated assets, and stay out of financial distress. In the episode, Bruce shared, “The beauty of this strategy is that it gives you certainty. And certainty is a gift—especially when the world is reeling from loss.” This is what makes estate planning with life insurance such a foundational part of a healthy, functional legacy plan. Whole Life Insurance vs. Universal Life: Why Guarantees Matter Not all life insurance is built to withstand the test of time. Bruce and I have reviewed countless policies that looked good on paper—but were designed with the wrong product. Universal Life policies may seem attractive because of ...
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    1 時間 3 分
  • The Pros and Cons of an ILIT: Is It the Right Move for Your Legacy?

    The Pros and Cons of an ILIT: Is It the Right Move for Your Legacy?
    2025/05/05
    What do the St. Louis Rams and Prince have in common? Their stories illustrate the pros and cons of an ILIT—or, more accurately, what happens when estate planning tools like an ILIT aren’t used at all. https://www.youtube.com/live/ni7KgQ_ZTLI They both became cautionary tales of what happens when estate planning falls short. When Georgia Frontiere passed away, her heirs were forced to sell the Rams to cover estate taxes. Prince’s estate? Still tied up in probate years after his death. These aren’t stories of neglect or ignorance. These are stories of high-capacity individuals who didn’t have the right tools in place. And that’s why today’s conversation matters. Because we’re diving into a financial strategy that could mean the difference between your family being forced to sell a cherished asset—or preserving it for generations. We’re talking about ILITs: Irrevocable Life Insurance Trusts. Why ILITs Matter More Than You Might ThinkWhat Is an ILIT and How Does It Work?Estate Taxes: Why the Exemption Threshold MattersThe Pros and Cons of an ILITThe Pros of Using an ILITThe Cons of Using an ILITWhen Does an ILIT Make Sense?Strategic Flexibility: You Don’t Have to Choose All or NothingThe Generational Impact of Strategic PlanningIs an ILIT Right for You?Book A Strategy Call Why ILITs Matter More Than You Might Think Whether you’re familiar with ILITs or hearing the term for the first time, this strategy could hold the key to protecting your estate, reducing tax liability, and setting up your heirs for success. But it’s not a one-size-fits-all solution. In fact, it may not be the right move for everyone—but for some, it can be one of the most powerful wealth-preserving tools available. This blog will unpack what an ILIT is, how it works, and most importantly, the pros and cons of an ILIT. We’ll also explore the real-life application of ILITs, share client insights, and equip you with actionable steps you can take. By the end, you’ll know if this tool aligns with your multigenerational vision and the legacy you want to leave. And if it does, you’ll be empowered to act decisively. What Is an ILIT and How Does It Work? An ILIT—short for Irrevocable Life Insurance Trust—is exactly what it sounds like: a trust that holds life insurance outside of your estate. It has its own tax ID, its own trustee (not you), and its own beneficiaries. This separation means that when you pass, the death benefit doesn’t get added to your estate total—which could potentially save your heirs from paying up to 40% in federal estate tax on that benefit. At the state level, those percentages could be even more aggressive depending on where you live. That’s the power of an ILIT: separation equals protection. It turns your life insurance policy into a strategic asset that bypasses probate and keeps your wealth intact. Estate Taxes: Why the Exemption Threshold Matters Right now, the estate tax exemption for a couple is over $26 million. That means if your estate is worth less than that, you won’t owe federal estate taxes. But here’s the catch: that number is a moving target. It’s not static, and it’s not guaranteed. Congress has changed it before and will likely do so again. Under previous administrations, the exemption was as low as $2 million. And with $36 trillion in national debt and rising, the likelihood of Congress lowering that threshold is very real. It’s not a matter of if the rules will change—it’s a matter of when. And if you wait until after they do, it may be too late to put the right tools in place. That means even if your estate is valued at $10 or $15 million today, you could face estate taxes tomorrow—unless you plan proactively. The Pros and Cons of an ILIT The Pros of Using an ILIT Reduces Estate Taxes: The biggest benefit. By keeping the death benefit outside your estate, you prevent your estate from ballooning in value and triggering taxes.
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    56 分
  • Is Cash Value Life Insurance Enough for Retirement?

    Is Cash Value Life Insurance Enough for Retirement?
    2025/04/28
    Today, Bruce and I want to unpack a question we frequently encounter: Is cash value life insurance enough for retirement? It’s a compelling question, but one without a simple yes or no answer. The effectiveness of cash value life insurance as your primary retirement vehicle heavily depends on your personal discipline, your overall financial strategy, and, importantly, your understanding of what retirement means to you. https://www.youtube.com/live/rASx9CvIpbg When I started my financial career back in the late 1980s, a presentation caught my attention. It claimed that by consistently funding a whole life insurance policy, individuals could join the "Lucky 3%"—those who felt completely secure about their retirement. This idea was captivating, promising financial freedom through disciplined saving. Yet, over the years, I discovered something crucial: consistency, discipline, and long-term thinking significantly outweigh the choice of any specific financial product. The Retirement Dream vs. RealityIs Cash Value Life Insurance Enough for Retirement?Defining Retirement: What Does It Really Mean?The Importance of Consistent Savings and DisciplineWhole Life vs. VUL and IUL: Stability and GuaranteesThe Myth of "Zero is Your Hero" in Indexed Universal Life (IUL)Cash Value Life Insurance as Part of a Comprehensive Retirement PlanThe Infinite Banking AdvantageCan You Rely Solely on Cash Value Life Insurance?Book A Strategy Call The Retirement Dream vs. Reality By the end of this article, you will clearly understand whether cash value life insurance—such as whole life, variable universal life (VUL), or indexed universal life (IUL)—can sufficiently fund your retirement. We'll explore the advantages and drawbacks of using life insurance as your main retirement tool, emphasize the critical importance of consistent saving, and outline how to effectively integrate life insurance into a comprehensive retirement plan for optimal security and growth. Furthermore, you’ll understand why no single financial instrument is perfect for everyone, and why a diversified, well-balanced retirement strategy that includes guaranteed income, buffer assets, and growth-oriented investments can lead to lasting financial security and peace of mind. Is Cash Value Life Insurance Enough for Retirement? Defining Retirement: What Does It Really Mean? Many of us grow up envisioning retirement as a milestone where we stop working at age 65 and comfortably live off our accumulated savings. However, this traditional model presents significant challenges. The reality is that you're often expecting 40 years of work to fund potentially 30 or more years of retirement, especially as life expectancy increases. Rather than viewing retirement as an abrupt halt to working life, a more sustainable approach is to see retirement as a transition to financial independence. Instead of merely accumulating savings, focus on acquiring cash-flowing assets, such as rental properties, dividend-producing stocks, or profitable businesses, which can continuously generate income regardless of market fluctuations. The Importance of Consistent Savings and Discipline Bruce emphasizes that consistent saving and disciplined behavior are the foundation of successful retirement planning. Unfortunately, many people fall short in their savings efforts early in life, later attempting to compensate by chasing higher-risk investments for potentially greater returns. This strategy often introduces unnecessary risk precisely when financial security is most critical. Establishing disciplined savings habits early and maintaining them throughout your career is far more important than selecting the "perfect" financial product. Time and consistency enable compound growth, providing greater financial security in your retirement years than riskier, late-stage investments ever could. Whole Life vs. VUL and IUL: Stability and Guarantees
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    58 分

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