July 2, 2015

176 I Don’t Think That Word Means What You Think It Means

Labor Secretary, Thomas Perez and Wealthfront CEO, Adam Nash


We tried not to talk about the Department of Labor’s proposed rule change regarding retirement accounts. I promise. We had a conversation where we specifically decided we weren’t going to do it.

But then we did.

There are times that no matter how much we’d like to talk about something else we can’t. This story has really taken on a life of its own.

And the more we hear from those who support the rule change, the more we feel compelled to jump into the fray. Read More…

June 30, 2015

Whole Life Insurance Pros and Cons

whole life insurance pros and cons on the scale

First, I feel the need to provide context for this post. 99% of our clients want to use cash value life insurance as an asset class. Which means people need to distinguish whole life insurance from indexed universal life insurance.

Yes, there are other products.

But none that we feel are worthy of consideration.

Which is better?

What are the pros and cons of each? Why would a person use one versus the other? Read More…

June 25, 2015

175 The Plural of Anecdote is Not Data

the plural of anecdote is not data



Every now and then something comes along that we just have to spend a bit more time on than usual. Today in the second half of the show, we get into proposed legislation from the Department of Labor.

Now, this isn’t the first time we’ve discussed the issue. But we now have congressional testimony to reference.

The testimony is enlightening. It confirms what we’ve suspected for quite some time…the people who try to make the rules for the financial services industry have no clue how anything ACTUALLY work. Read More…

June 23, 2015

Could Your Loan Rate on Your Indexed Universal Life Insurance Drive Your Cap Rate Down?


Recently there have been some rumblings in the life insurance industry. I know, big surprise. It seems life insurance agents and industry professionals love to disagree.

First, make sure you read last week’s post, “Introduction to Indexed Universal Life Policy Loans“.

It’s important for you to have context for the discussion below.

The particular disagreement in this instance relates to loans on indexed universal life insurance. What’s been circulating is a rumor of sorts. And the rumor is that the fixed rate loan feature of indexed loans is going to be trouble.

For whom, you ask? Read More…

June 18, 2015

174 Predictions with Exactitude




Today we’re tackling the topic of getting your financial house in order. That also means that we’re discussing the lack of solid financial educational information that is available. Read More…

June 16, 2015

Introduction to Indexed Universal Life Insurance Policy Loans

loans for indexed universal life insurance

Indexed universal life insurance policies generally offer two types of policy loans. Though the language can be a bit intimidating to some, by the end of this introduction, you should have a solid understanding of what’s available and how the different loan options work.

Typically, indexed universal life insurance policies have two loan options. The first loan type is the traditional loan (sometimes referred to as the fixed loan option). The second loan type is the indexed loan (sometimes referred to as an “arbitrage” loan). Read More…

June 11, 2015

173 It’s All About Cashflow

Cash flow is king


One of the most common phrases you’ll see tossed around on the internet (at least as it relates to the topic of personal finance) is that “cash is king”. In fact, we recorded a podcast on that very topic a couple years back.

But today we’re not talking about cash per se. No, today we’re talking about cashflow in particular.

We’ve realized over the last few years how important it is for us to have this discussion regarding cashflow. For so long, people have been focused almost exclusively on building their net worth or accumulating large account balances.

Too little has been done to help people focus on what’s really important… Read More…

June 4, 2015

172 Congress Doesn’t Give a #*?@! What You Think

congress doesn't care what you think



Well, back from the beach and with much better wifi than what I had last week. I don’t think there are any long moments of silence in this episode.

Here’s what’s on tap for episode 172:

Data Shows that Congress Doesn’t Care What You Think

Jack Bogle Likes Active Investment Management?

Dividend Stocks Are Better than Bonds?

Credentials for Financial Advisers

As always, if you have questions please reach out to us here.


June 2, 2015

Indexed Universal Life Insurance Pros and Cons

indexed universal life insurance pros and cons

A common question we get asked involves indexed universal life insurance pros and cons. The internet has a very difficult time telling the difference between whole life insurance and universal life insurance (in fact it often considers them the same thing) so it comes as little surprise that people are often very confused about what exactly indexed universal life insurance is and why someone might want it or want to avoid it. Read More…

May 28, 2015

171 If We All Got an Inheritance, We’d All Be Rich

rich get richer



In this week’s “live from the coast of Georgia” episode, we’re talking about:

Why Elite Colleges Don’t Guarantee Success

How the Rich Got Rich

Is the 401k to Blame?

Your financial advisor has vanished

Not much else to add this week…somebody’s gotta get some sand between their toes.

As always, if you have questions please reach out to us here.