Today, we’re here to chat about what you may have been experiencing for the last couple months in this market, which is where there are losses, there's steak. Watch out vegans, this is not a vegan episode. (Just kidding).
There are lots of laws in the universe, and there seems to be a law that when the market goes down, your joker broker advisor wants to play golf or wants to meet you. Their relationship becomes really important all of a sudden! Oh my goodness, wait, the market's down. I should reach out to the Jones’ and to the Smiths… Right? Because they got you with the risk with a side of fees as the answer to everything.
When the market's going up, there's no reason really to talk, right? Nope. You're happy. Anyway, we talk about it all the time, all the evidence proves that if you don't use the joker brokers, you'd make more money just buying the index. Listen to this episode as we give our advice and some tips on what to do when the steak shows up!
And, if you have any questions, we are more than happy to answer them. Just reach out to info@renovatingretirement.com, anytime!
For more info, episodes, and notes, head on over to https://renovatingretirement.com
Thanks for listening, and please subscribe to or follow the podcast wherever you get your podcasts from, and be sure to share with your friends and family as well. Thanks again!
About Charlie Jewett
Charlie Jewett is an author, speaker, recruiter, trainer, consumer advocate and investment advisor from San Diego, CA. As the “Financial Services Whistleblower” Charlie has been trying to change the way that industry professionals and consumers think about retirement since 2005. With considerable years of experience and an array of professional certifications, Charlie focuses on stock market alternatives combined with tax-free retirement income and provides educational materials that help people to create their ideal retirement plan. He is the host of two podcasts, Renovating Retirement and Target Practice for Advisors, as well as the author of “Renovating Retirement” and “Two Ways to Be Debt Free”, both available on Amazon Kindle.
About Bobby Alford
Bobby Alford has walked an unconventional path to becoming the CEO of Renovating Retirement. He spent 10 years in the US Submarine force, both as an officer and enlisted person, earning a degree in nuclear engineering along the way. Bobby then joined corporate America and worked for a Fortune 50 company in operations, finance, and sales management roles. After getting his MBA, he began working with military veterans to improve their retirement options. At that point he found Charlie Jewett and learned how to truly impact a person's financial life using the MERIT model of planning. Bobby joined Charlie and now uses his skills to grow their company toward achieving the goal of creating $1 billion dollars of annual tax-Free money for their clients.
We are back for the final installment in this series! We have been reviewing an article that came out ten years ago with a similar title to our podcast episode. And this is the fourth in a series where we are going to unpack each of these ten points, these ten reasons, and help you understand the difference between an Indexed Universal Life policy and a Whole Life policy. We want you to hear both sides, so you are well-informed and can make the best decisions for yourself and your family. If you haven’t watched the first three in this series, you can watch those before this one to get caught up!
Today we are focusing on numbers three, two and one. #3 is “Guarantees are not calculated annually*”, #2 is “All of the above can be changed by the company” and #1 is “The risk is shifted back to the insured.” Listen as we explain what we think these mean and why they seem to be untruthful and inaccurate… and frankly, just don’t make much sense. We like to make these concepts simple and easy for you to understand. And if you have any questions, we have answers and reports we can share with you or your agent. Just reach out to bobby@renovatingretirement.com, and we’re happy to share!
Here is the article we have been reviewing: https://infinitebanking.org/the-top-10-reasons-not-to-buy-equity-indexed-universal-life/
For more info, episodes, and notes, head on over to https://renovatingretirement.com
Thanks for listening, and please subscribe to or follow the podcast wherever you get your podcasts from, and be sure to share with your friends and family as well. Thanks again!
About Charlie Jewett
Charlie Jewett is an author, speaker, recruiter, trainer, consumer advocate and investment advisor from San Diego, CA. As the “Financial Services Whistleblower” Charlie has been trying to change the way that industry professionals and consumers think about retirement since 2005. With considerable years of experience and an array of professional certifications, Charlie focuses on stock market alternatives combined with tax-free retirement income and provides educational materials that help people to create their ideal retirement plan. He is the host of two podcasts, Renovating Retirement and Target Practice for Advisors, as well as the author of “Renovating Retirement” and “Two Ways to Be Debt Free”, both available on Amazon Kindle.
About Bobby Alford
Bobby Alford has walked an unconventional path to becoming the CEO of Renovating Retirement. He spent 10 years in the US Submarine force, both as an officer and enlisted person, earning a degree in nuclear engineering along the way. Bobby then joined corporate America and worked for a Fortune 50 company in operations, finance, and sales management roles. After getting his MBA, he began working with military veterans to improve their retirement options. At that point he found Charlie Jewett and learned how to truly impact a person's financial life using the MERIT model of planning. Bobby joined Charlie and now uses his skills to grow their company toward achieving the goal of creating $1 billion dollars of annual tax-Free money for their clients.
We are back to continue our review of an article that came out ten years ago with a similar title to our podcast episode. And this is the third in a series where we are going to unpack each of these ten points, these ten reasons, and help you understand the difference between an Indexed Universal Life policy and a Whole Life policy. We want you to hear both sides, so you are well-informed and can make the best decisions for yourself and your family. If you haven’t watched the first two in this series, you can watch those before this one to get caught up!
Today we are focusing on numbers six, five and four. #6 is “Dividends from the index don’t get credited*”, #5 is “Participation ratios are often less than 100%*” and #4 is “Returns are usually capped at various interest rates*.” Listen as we explain what we think these mean and why they seem to be untruthful and inaccurate. We like to make these concepts simple and easy for you to understand. And if you have any questions, we have answers and reports we can share with you or your agent. Just reach out to bobby@renovatingretirement.com, and we’re happy to share!
For more info, episodes, and notes, head on over to https://renovatingretirement.com
Thanks for listening, and please subscribe to or follow the podcast wherever you get your podcasts from, and be sure to share with your friends and family as well. Thanks again!
About Charlie Jewett
Charlie Jewett is an author, speaker, recruiter, trainer, consumer advocate and investment advisor from San Diego, CA. As the “Financial Services Whistleblower” Charlie has been trying to change the way that industry professionals and consumers think about retirement since 2005. With considerable years of experience and an array of professional certifications, Charlie focuses on stock market alternatives combined with tax-free retirement income and provides educational materials that help people to create their ideal retirement plan. He is the host of two podcasts, Renovating Retirement and Target Practice for Advisors, as well as the author of “Renovating Retirement” and “Two Ways to Be Debt Free”, both available on Amazon Kindle.
About Bobby Alford
Bobby Alford has walked an unconventional path to becoming the CEO of Renovating Retirement. He spent 10 years in the US Submarine force, both as an officer and enlisted person, earning a degree in nuclear engineering along the way. Bobby then joined corporate America and worked for a Fortune 50 company in operations, finance, and sales management roles. After getting his MBA, he began working with military veterans to improve their retirement options. At that point he found Charlie Jewett and learned how to truly impact a person's financial life using the MERIT model of planning. Bobby joined Charlie and now uses his skills to grow their company toward achieving the goal of creating $1 billion dollars of annual tax-Free money for their clients.
Ten years ago, an article came out with a similar title to our podcast episode. And this is the second in a series where we are going to unpack each of these ten points, these ten reasons, and help you understand the difference between an Indexed Universal Life policy and a Whole Life policy. We want you to hear both sides, so you are well-informed and can make the best decisions for yourself and your family.
Today we are focusing on number eight and number seven, we’ve been counting them down. #8 is “Market drops cause double pain” and #7 is “Late premiums kill any guarantees.” Listen as we explain what we think these mean and why they seem to be untruthful and inaccurate. We like to make these concepts simple and easy for you to understand. And if you have any questions, we have answers and reports we can share with you or your agent. Just reach out to bobby@renovatingretirement.com, and we’re happy to share!
For more info, episodes, and notes, head on over to https://renovatingretirement.com
Thanks for listening, and please subscribe to or follow the podcast wherever you get your podcasts from and be sure to share with your friends and family as well. Thanks again!
About Charlie Jewett
Charlie Jewett is an author, speaker, recruiter, trainer, consumer advocate and investment advisor from San Diego, CA. As the “Financial Services Whistleblower” Charlie has been trying to change the way that industry professionals and consumers think about retirement since 2005. With considerable years of experience and an array of professional certifications, Charlie focuses on stock market alternatives combined with tax-free retirement income and provides educational materials that help people to create their ideal retirement plan. He is the host of two podcasts, Renovating Retirement and Target Practice for Advisors, as well as the author of “Renovating Retirement” and “Two Ways to Be Debt Free”, both available on Amazon Kindle.
About Bobby Alford
Bobby Alford has walked an unconventional path to becoming the CEO of Renovating Retirement. He spent 10 years in the US Submarine force, both as an officer and enlisted person, earning a degree in nuclear engineering along the way. Bobby then joined corporate America and worked for a Fortune 50 company in operations, finance, and sales management roles. After getting his MBA, he began working with military veterans to improve their retirement options. At that point he found Charlie Jewett and learned how to truly impact a person's financial life using the MERIT model of planning. Bobby joined Charlie and now uses his skills to grow their company toward achieving the goal of creating $1 billion dollars of annual tax-Free money for their clients.
Ten years ago, an article came out with a similar title to our podcast episode. And this is the first in a series where we are going to unpack each of these ten points, these ten reasons, and help you understand the difference between an Indexed Universal Life policy and a Whole Life policy. We want you to hear both sides, so you are well-informed and can make the best decisions for yourself and your family.
Today we are focusing on number ten and number nine, counting it down. #10 is “Internal costs are not guaranteed” and #9 is “Mortality charges are not guaranteed.” Listen as we explain what is meant by these “guarantees.” We like to make these concepts simple and easy for you to understand. And if you have any questions, we have answers and reports we can share with you or your agent. Just reach out to bobby@renovatingretirement.com, and we’re happy to share!
For more info, episodes, and notes, head on over to https://renovatingretirement.com
Thanks for listening, and please subscribe to or follow the podcast wherever you get your podcasts from. And be sure to share with your friends and family as well. Thanks again!
About Charlie Jewett
Charlie Jewett is an author, speaker, recruiter, trainer, consumer advocate and investment advisor from San Diego, CA. As the “Financial Services Whistleblower” Charlie has been trying to change the way that industry professionals and consumers think about retirement since 2005. With considerable years of experience and an array of professional certifications, Charlie focuses on stock market alternatives combined with tax-free retirement income and provides educational materials that help people to create their ideal retirement plan. He is the host of two podcasts, Renovating Retirement and Target Practice for Advisors, as well as the author of “Renovating Retirement” and “Two Ways to Be Debt Free”, both available on Amazon Kindle.
About Bobby Alford
Bobby Alford has walked an unconventional path to becoming the CEO of Renovating Retirement. He spent 10 years in the US Submarine force, both as an officer and enlisted person, earning a degree in nuclear engineering along the way. Bobby then joined corporate America and worked for a Fortune 50 company in operations, finance, and sales management roles. After getting his MBA, he began working with military veterans to improve their retirement options. At that point he found Charlie Jewett and learned how to truly impact a person's financial life using the MERIT model of planning. Bobby joined Charlie and now uses his skills to grow their company toward achieving the goal of creating $1 billion dollars of annual tax-Free money for their clients.
For the second episode of the series Cash Flow & Investment Strategies for Real Estate Investors, Charlie Jewett and Bobby Alford dive deeper into equity, the most misunderstood asset class in the financial industry.
Home equity
As discussed, home ownership is the biggest asset in people’s lives. If that home ownership develops into an asset class, then that becomes the most held asset, and that asset is equity. Home equity or equity in real estate is defined as the difference between the value of the house and what you owe. How do you put this home equity to work for you?
Two ways to be debt-free: Traditional vs balance sheet method
Leveraging your home value
In an equity savings account, leveraging your home value - your largest asset – and putting it to work for you becomes a game changer in retirement and wealth creation. With proper equity management or proper use of real estate, you could have four increasing incomes for one fixed payment where you're paying the fixed payment with depreciating dollars. Plus, the IRS is incentivizing you to do these things, and they will reward you in tax savings, mortgage interest write-offs and depreciation, recouping the value of assets over time from your taxes.
The main risk in paying your house in full is that the money you used is not earning compound interest. It's in the walls of the house and not invested anywhere and you only earn interest based on the appreciation of the value of your home. Meanwhile, the lowest you pay a property down to, you permanently lower the tax-deductible mortgage you are allowed to have on that house
Ultimately, you either end up with all the money in the house or end up with a whole bunch of money in an account earning interest and saving. You could pay off your mortgage but you chose not to, so where do you want to end up? Where should your equity dollar be?
About Charlie Jewett
Charlie Jewett is an author, speaker, recruiter, trainer, consumer advocate and investment advisor from San Diego, CA. As the “Financial Services Whistleblower” Charlie has been trying to change the way that industry professionals and consumers think about retirement since 2005. With considerable years of experience and an array of professional certifications, Charlie focuses on stock market alternatives combined with tax-free retirement income and provides educational materials that help people to create their ideal retirement plan. He is the host of two podcasts, Renovating Retirement and Target Practice for Advisors, as well as the author of “Renovating Retirement” and “Two Ways to Be Debt Free”, both available on Amazon Kindle.
About Bobby Alford
Bobby Alford has walked an unconventional path to becoming the CEO of Renovating Retirement. He spent 10 years in the US Submarine force, both as an officer and enlisted person, earning a degree in nuclear engineering along the way. Bobby then joined corporate America and worked for a Fortune 50 company in operations, finance, and sales management roles. After getting his MBA, he began working with military veterans to improve their retirement options. At that point he found Charlie Jewett and learned how to truly impact a person's financial life using the MERIT model of planning. Bobby joined Charlie and now uses his skills to grow their company toward achieving the goal of creating $1 billion dollars of annual tax-Free money for their clients.
Web/Social Links
Website: https://renovatingretirement.com
Why invest in real estate?
Aside from realizing a part of the American Dream, owning your home is an enjoyable experience. Creating your own environment and being able to make it the way you want it, as opposed to renting, makes it a fun giant art project. More importantly, it is an asset that appreciates. The pandemic changed the real estate value in different ways and the last 9 to 12 months saw a huge growth in appreciation of the real estate market. Appreciation, simply put, is what we all know as investing: buy it, hold it and wait for the long haul and see its value go up. Learn about different strategies to leverage on real estate appreciation and get the most out of your investments.
Tax savings and depreciation
With real estate, whether you live in it or rent it, fundamentally there's appreciation. On the other hand, depreciation or tax savings comes from the IRS rewarding you for buying a property and is another way that real estate can make you money or provide you advantage. The government allows homeowners to count interest they pay on a loan related to building or purchasing a home against their taxable income, lowering the taxes they owe.
Part 2: Income
Saving money on taxes is a form of income. Reduction of bills is income. Income can be one room in your house rented, buying more units in the same property or buying properties in different locations in different states. A real estate investor is someone who owns any piece of property in any form that may create income or increase in value. And for most of us, it's our primary residence. How can you live for free while maintaining cash flow from your properties? You will know all about house hacking to achieve that financial independence for your early retirement.
We will talk about the different advanced strategies in the next episodes so you can choose and pick what you like. How big a down payment should you make? Should you make a down payment at all? Should you ever do extra payments? Should you do a 15-year fixed or 30? When your house appreciates, what do you do? Is the goal to pay off the house and own it free and clear?
About Charlie Jewett
Charlie Jewett is an author, speaker, recruiter, trainer, consumer advocate and investment advisor from San Diego, CA. As the “Financial Services Whistleblower” Charlie has been trying to change the way that industry professionals and consumers think about retirement since 2005. With considerable years of experience and an array of professional certifications, Charlie focuses on stock market alternatives combined with tax-free retirement income and provides educational materials that help people to create their ideal retirement plan. He is the host of two podcasts, Renovating Retirement and Target Practice for Advisors, as well as the author of “Renovating Retirement” and “Two Ways to Be Debt Free”, both available on Amazon Kindle.
About Bobby Alford
Bobby Alford has walked an unconventional path to becoming the CEO of Renovating Retirement. He spent 10 years in the US Submarine force, both as an officer and enlisted person, earning a degree in nuclear engineering along the way. Bobby then joined corporate America and worked for a Fortune 50 company in operations, finance, and sales management roles. After getting his MBA, he began working with military veterans to improve their retirement options. At that point he found Charlie Jewett and learned how to truly impact a person's financial life using the MERIT model of planning. Bobby joined Charlie and now uses his skills to grow their company toward achieving the goal of creating $1 billion dollars of annual tax-Free money for their clients.