October 23, 2014

144 Talking About Life Insurance on a Sunday

144 Talking About Life Insurance on a Sunday
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In today’s episode of the Financial Procast, we take a deep dive into why it is that universal life insurance is such a hated product by so many in our industry. This is a single topic episode as we had to record this episode a bit early due to travel.

We’ll be back soon with our format of talking about various items from the world of finance.

If you would like to better understand universal life insurance, whole life insurance and how the two relate, here are some previous posts that you might find helpful: Read More…

October 16, 2014

143 No Questions Asked

143 No Questions Asked
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Here’s what we’re talking about today:

Accredited investor gets redefined  (05:30)

Congressman says “Not so fast  FINRA”  (15:30)

Swiss banker arrested for helping Americans hide money  (34:39)

Auto finance industry the next bubble? and New study says most can’t afford a used car  (47:17) Read More…

October 9, 2014

142 How It Should Be Interpretated

142 How It Should Be Interpretated
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To those in our audience who have reached out to us and let us know more of what you’d like for us to discuss on the Finanical Procast, we thank you. And for those of you that have not let us know what you’d like to hear us discuss, please don’t hesitate to do so, we are open and willing to entertain just about anything as it relates to the world of finance.

We record this show every week for the benefit of those in our community and it always helps to know more of what you’d like for us to discuss.   Read More…

October 6, 2014

Average 401k Returns: The News is not so Good

Average 401k Returns: The News is not so Good

Back in the Spring of this year, good news came out of CNBC regarding average 401k returns when they published an article titled Big Surge in 401k Balances, but Workers still not Saving Enough. The news out of this article was that the average 401k balance had grown $42,400 or nearly doubled from five years ago. Sounds great and it looks like Americans achieved a super awesome return on their 401k balances (finally).

Only, it didn’t happen that way.

Read More…

October 3, 2014

10 Things Life Insurance Agents Won’t Say: #4 Variable Annuities are Just Expensive Mutual Funds

10 Things Life Insurance Agents Won’t Say: #4 Variable Annuities are Just Expensive Mutual Funds

Next up on the Market Watch exposé is a discussion about variable annuities, their expenses, complexity, and lack of any uniqueness compared to other investments options—or at least that’s what someone would like you to believe.

Read More…

October 2, 2014

141 It’s Not You, It’s Me

141 It’s Not You, It’s Me
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Well, it’s been a few weeks now since we’ve switched back to our original show format. For those who are new, that means we’re recording a weekly episode that runs about an hour. This was requested by some in our audience and we aim to please. However, we would like to hear from more of the people who listen to our show and get some ideas around topics that you’d like for us to discuss.

As you can probably tell by now, we are more than capable of talking about things that WE are interested in but we’d much prefer to talk about things that will really help those in our audience. That being said, if you have a question, comment or suggestion–please reach out to us, we are open and willing to entertain discussion on just about anything in the world of finance. Read More…

September 29, 2014

Indexed Universal Life Insurance: The White Coat Investor Responds

Indexed Universal Life Insurance: The White Coat Investor Responds

Last week we published a critical piece regarding a recent review of indexed universal life insurance that showed up on Jim Dahle’s website The White Coat Investor. Jim took our criticism seriously and on Friday of last week published a lengthy reply.

Based on the time Jim has taken to address this, I felt it was necessary to offer up some additional thoughts, and even a small critique on his attempt to rebut my biggest criticism of his original work. Read More…

September 25, 2014

140 Hey, We Told You So

140 Hey, We Told You So
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If you’ve ever been in a position where you were responsible for creating content for a website, blog, newsletter, podcast, radio show or video, then you know how much of a struggle it can be to sometimes to find interesting subject matter to discuss. Particularly when you’ve been at it for a little over three years and you know that you’ve gotta come up with something at least once a week.

Additionally, we have a need to keep things entertaining and somewhat interesting from a selfish perspective.  Read More…

September 24, 2014

Ten Things Life Insurance Agents won’t Say: #3 Your Child doesn’t Need Life Insurance

Ten Things Life Insurance Agents won’t Say: #3 Your Child doesn’t Need Life Insurance

Life insurance for children is a topic I’ve discussed in the past, a few times. And while I mostly agree that a lot of agents (and consumers) often get things backwards in terms of what, how, and even if this should be done.  Categorically declaring against it is neither helpful nor heroic.

This is the third item on the Market Watch piece; let’s set the record straight.

Read More…

September 22, 2014

Is Indexed Universal Life Insurance Just what the Doctor Ordered?

Is Indexed Universal Life Insurance Just what the Doctor Ordered?

Most of our readers and clients are familiar with the White Coat Investor—a web site started a few years ago by Jim Dahle, a physician who practices Emergency Medicine. I’ve talked about Jim’s work before, once quite a while ago when he attempted to malign whole life insurance and again about a year ago when readers wanted me to take on his suggestion that whole life insurance is not like a Roth IRA.

The second time I disappointed some people when I did the exact opposite of what they wanted by pointing out that he wasn’t wrong on that subject.

For the most part, we like to leave him alone in his pursuits. This is due in part to the fact that, believe it or not, we’re not all that different in our main goal—to identify and bring attention to the really dumb things financial professionals of all types do to people (for the White Coat Investor it’s specifically doctors) that leave them in a less than optimal position.

We differ, obviously, on our feelings about life insurance and that’s mostly fine. But Jim’s been on a bit of an indexed universal life insurance rant lately thus we’ve decided to weigh in on his recent work reviewing an indexed universal life insurance illustration that someone sent him.

Read More…