Not Your Average Financial Podcast

Episode 358: From Panic to Peace of Mind – The CURE Strategy for Late Stage Retirement Planning

July 12, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

Did something or someone take you out?
Can you retire at all?
What are some tactical strategies?
Do you feel behind?
What happened to the stock market?
What happened in 2022?
What does one need to keep up with inflation?
What happened to the average 401(k) balance?
How long does it take to break even?
What is a single premium policy?
What about the fixed paid up additions rider?
What are the costs of the C.U.R.E. strategy?
What is the growth potential on this strategy?
How about a case study?
What about the tax?
What about risk?
What are the two stage rocket strategy stages?
…What to do?
What about a catch-up retirement engine?
How about the numbers?
What happened?
Would you like to hear Episode 271?
Would you like to hear Episode 150?
Would you like to hear Episode 83?
What are the takeaways?

Episode 357: Mastering Your Financial Future – Strategies for Wealth Building with Grant Thompson

July 5, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

What if…?
What if you could be the master of your financial domain?
Who is Grant Thompson?
Would you like to hear Episode 208?
When was Grant’s “aha” moment?
What really works with money?
What is the right thing?
What is the truth?
What should we be doing?
What do you want?
How about a story?
What will be your exit plan?
What did Nelson Nash say?
Is it true or false?
Can they prove it?
What about shame?
What about social media?
What was Nelson like?
Would you like to hear Episode 95?
Would you like to hear Episode 96?
What about the Austrian economists?
What about teaching the process of the banking function?
Have you read the Creature from Jekyll Island book?
What about getting to 10%?
What economic system works?
What systems don’t work?
What do you have to wait for?
Who can opt out of the banking system?
What would change?
How would credit card companies be impacted?
How would marriages be impacted?
How would student loan companies be impacted?
What about creating your own private financial system?
What about tax efficiency?
What about safety?
What about growth?
What are the other benefits?
What about taking care of your family?
What about taking care of charities?
What about the rate of return?
What is the amount of money going out the door?
Who is making a ton of money?
What are the four places money can go?
How much income is going to debt?
Can you cut your spending by 10%?
How much money are you hanging on to?
Who has the most money?
What about control?
What will stabilize everything?
What about passive income?
How do you want it?
What are we missing?
What about rethinking thinking?
What about Ted Benna, the father of the 401(k)?
What about key executives?
What about employee benefit plans?
Who else is doing this?
What is the truth? What is real?
How about success?
Are people happier with guaranteed lifetime income?
Who are you listening to?
What is the best thing to do?
What about greed and fear?
Who are the right people to help you do it right?
What about taking some time to investigate it?
What did Thomas Edison say?
What about truth being dressed in overalls and looking like work?
Is it easier to believe the lie?
Would you like to visit thompsonthurman.com?
Would you like to call Thompson & Thurman at 806-352-3480?
What are the takeaways and action items?

Grant Thompson works with families and their businesses nationwide. The Thompson & Thurman Agency works with families who share in their vision and want to become financially set for life without taking unnecessary risks. With so much misinformation in our financial world today, families really need guidance and direction to find the true path to financial freedom. Grant, Chris and their team of trusted advisers nationwide have are leading the way to meet that challenge. Grant is married to his wife Kathy and they have 2 sons Blair and Blane along with his wife Brittany. Grant enjoys spending his spare time with his family at reining and cow horse competitions plus trying to squeeze in a shooting competition every now and then with his sons. thompsonthurman.com

Episode 356: Your 401(k) Will Be Gone within a Decade

June 28, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

What lasts forever?
What could be happening right before our eyes?
What did the February 2024 Bloomberg article say?
How old is a 401(k)?
Are we still living through the great experiment of a 401(k)?
Is it forced?
Who is going with the flow?
Is it just automatic and easy?
What’s the point?
Why are many people starting to scrutinize 401(k) accounts?
What will happen?
What about the tax benefits?
Why bother at all?
What are you agreeing to?
What about the book 401 (not) Ok?
Do you want anything on this list?
What is sacrilegious?
Is that money all yours?
How much is in a 401(k)?
How much of that belongs to the owner?
What about the vesting trap?
Who else gets a portion?
Are tax rates going down?
Is it “monopoly money”?
What is a ticking time-bomb?
What’s the solution?
What are employer sponsored liquid accounts?
What about penalty?
What about liquidity?
What are the taxes?
What about the gains?
How is this different from a Bank on Yourself® type whole life insurance policy?
What do studies show?
What about automatic employer contributions?
Would you like to speak with Mark?
Is it easy to withdrawal money from a retirement account?
What is gone?
What is a downfall?
Does the money stop growing?
What continues to grow?
What about big life expenses, like paying for college?
Is there a vesting schedule with the Bank on Yourself® type whole life insurance policy?
What grows tax-deferred?
What represents real wealth?
What is locked in, even when the market takes a crash?
How old is the Bank on Yourself® type whole life insurance policy?
Why do we keep using a 401(k) for retirement planning?
Would you like to hear Episode 9? Is it time to retire your 401(k)?
Would you like to hear Episode 10? Your 401(k) – who is benefiting the most?
Would you like to hear Episode 11? A 401(k) – How’s that working out for you?
What are the takeaways?
What is the true cost?
Would you like to meet with Mark or an associate?

Episode 355: The Ultimate 401(k) Upgrade – Tax-Free Income and Market Protection

June 21, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

What is finite?
How do we solve that problem?
What can be converted into a lifetime stream of income?
Is there a stream of income that you cannot outlive?
Would you like to hear Episode 354?
How can you get through your retirement without coughing up a third of your income into taxes and fees?
What about the allegory of the cave?
What about the fear of change?
Who has a 401(k)?
Did you know…?
What could take about half of your life savings away?
Are you one of the lucky ones?
Would you like to hear Episode 79?
How much would one have after taxes and fees?
How much could one take per month?
What about another way?
What if one could spread it out slowly?
What happens in systematic withdrawal?
What are some possibilities?
Who would like to preserve the wealth?
How about an example?
What about annuities?
What about fun?
What would you rather have?
Would you like to meet with Mark?

Episode 354: Bank on Yourself® Plus Strategy – From Guaranteed Growth to Guaranteed Lifetime Income (Part 1)

June 14, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

What are you looking for?
What are the reasons for setting up a policy?
What are the downsides?
What do we need to keep in mind?
What about a finite amount of money?
What about accumulating?
What about taking money in retirement?
What about outliving your money?
What about dying too soon?
What about triggering an estate tax issue?
What is the current federal estate tax trigger?
What can change?
Who will trigger this?
What about state estate tax exemption?
Will Bank on Yourself® policy holders trigger these estate taxes with the death benefit?
What about creating an estate?
What is standing there as a shield?
What can serve as an estate liquidator?
How about a case study?
What about unpleasant surprises?
What happens if you enjoy retirement?
How does this solve the estate tax issue?
What about the problem of out living your money?
What accounts carry this risk?
How much have you built up?
How much can you pull each year without running out?
What do you avoid?
What about market volatility and sequence of returns risk?
What about fees?
What about taxes?
How are you going to make this money last?
What is the hardest question of all in finance?
What happens with a portfolio of policies?
Would you like to hear Episode 252?
What about the 1035 exchange?
How is this like a 1031 exchange in real estate?
What is the plus strategy?
Can you roll a life insurance policy’s cash value into an annuity?
What is the advantage of an annuity?
Will you get paid a lifetime income?
How about an example?
What about a 401(k)?
What did Wade Pfau, David Blanchett and others say?
How much would you rather have?
What would you prefer?
How much would you prefer?
What are the downsides?
What is there to consider?
Are annuities liquid?
Are Bank on Yourself® type whole life insurance policies liquid?
Can you Bank on Yourself® with an annuity?
Do annuities have tax-advantages?
Is it purely tax free?
What happens with a portfolio of policies?
What can you transform?
How much do you want guaranteed?
What can be used for medical expenses?
What about leaving a lump sum to a surviving spouse?
Can one take a partial 1035 exchange?
Who needs to know about this?

Episode 353: When My Parents Died, Here’s What Happened Next

June 7, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

What did Mark learn from his parents?
What was a great gift?
What happened in high school?
What did Mark receive after college?
What happened with Dave Ramsey?
How many jobs did we work?
What did Mark’s mom do?
What about health ratings?
Would you like hear Episode 43?
Would you like hear Episode 322?
What did they discuss?
What happened?
How did Mark’s mom leverage her policy’s cash value?
What about the Roth IRA?
What happened next?
What happens with a health rating?
What about Mark’s dad?
Would you like to hear Episode 302?
What about the Upton Sinclair paradox?
What was Dad’s philosophy for money?
What did he believe about home values?
What did Mark’s mom do through the cancer diagnosis?
What are the limits on a Roth IRA?
What happened in January 2017?
What about estate planning?
Are your documents in place now?
Are your parent’s documents in place now?
Do you have a will?
Do you have a medical power of attorney?
Do you have a financial power of attorney?
What avoids probate?
What does not avoid probate?
Are life insurance proceeds private?
Do you owe them or not?
How might you avoid heartache?
What goes directly to the beneficiaries?
How much did she pay in as premium?
How much did the benefits pay?
What was the return?
What was the tax?
What were the fees?
Where did Mark and his brother put the money?
What would Mark prefer?
What makes Mark smile?
What happened with Mark’s dad?
What happened at the end?
Do people actually invest the rest?
What happens with term insurance?
What was worthless to him?
Is your will updated?
What are the issues with term insurance?
What about love?
What has Mark learned through losing both parents at a young age?
How about a tale of two parents?
What are the big takeaways?
What is messy?
How might you leave the best last gift?
What about letting policies expire?
Where would you like to be buried?
What songs would you like to be played at your funeral?
Would you like to hear Episode 149?
Does this story resonate?
Do you have a similar story or experience?
How might you leave the best last gift?

Episode 352: Right-Sizing Bank on Yourself®, A Real Estate Power Couple’s Story with Lindsay and Ryan Rice

May 31, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

Have you ever wondered what it takes?
What are the struggles?
Would you like to hear more from Lindsay and Ryan Rice of Rice Properties Group?
How did they get started?
How did they nurture and generate a referral-based business?
What about relational business?
What about transactional business?
How about serving people?
How do they manage?
How do they work together and set goals?
What about life insurance?
What about Bank on Yourself® type whole life insurance policies surprised Lindsay and Ryan?
How have they leveraged their policies?
What about taxes?
What about retirement?
What about cash flow?
What’s the difference between a challenge and a burden?
What happened in 2021?
How about variable income?
What about reinstating a policy?
What happens once your policy is filled?
How does one determine the right size for a policy?
Would you like to meet with Mark?
Would you like to hear Episode 203?
How about some words of wisdom?
How is this like working out?
Would you like to search for Rice Properties Group?
What are the takeaways?
What are the action items?
How about the power of uninterrupted compound growth?
How about resilience in challenging times?
Is your current plan the right size?

Lindsay and Ryan Rice are the entrepreneurial spirits behind Rice Properties Group, a real estate powerhouse built on the foundation of love, partnership, and a steadfast commitment to financial mastery. Their journey began as colleagues, where they not only excelled in sales but also found love, becoming the company’s first couple to transition from quiet dating to marriage. Their shared experiences at the startup, which has since become a multi-billion-dollar enterprise, laid the groundwork for their future endeavors in real estate.

Episode 351: The Unseen Dark Forces in Your Retirement Plan

May 24, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

What about the hidden things in your financial life?
Would you like to hear Episode 343?
What is the hidden dimension to our financial portfolios?
What is financial dark matter?
What is price?
What are the fees?
What is obscure?
What erodes wealth?
What is small, invisible but constant?
What are the consequences?
What about the illusion of progress?
What might send ripples through your financial plan?
What did JAMA say about wealth shocks?
What is the opportunity cost?
Are we doomed to the dark matter?
Why are we huge fans of the Bank on Yourself® strategy?
What is the aha! moment that changes everything?
What about peace of mind?
Do you know your money is going to do a certain thing?
What about owning the number?
Do you have a contract with your future?
How is this different from a 401(k) or a IRA?
Who is phased out of the Roth IRAs?
How much are you allowed to put in?
Can you have a financially secure future on the ROTH?
Is it liquid?
How can you access to the money?
What about penalties?
Who is tapping retirement accounts?
What did a recent Vanguard study say?
What retirement savings do Gen X members have?
What about living from paycheck to paycheck?
What about living on credit cards?
What about borrowing from a 401(k)?
What about credit reporting?
Would you like to listen to Episode 206?
What is one of the only ways you can be taxed twice on the same dollar?
What about being on a forced repayment plan?
Where does the money come from?
What about an after action review (AAR)?
What was the plan?
What went right?
What went wrong?
How might we do better next time?
What about an example?
What is the key takeaway?
What about constant refinement along the way?
What would it look like if it were easy?
What would money look like if it were easy?
What characteristics or attributes would it have?
How would you change?
What would you do about it?
What is the first step?
How do you feel?
What do you want more?
What did Lawrence Peter say?
Would you like to meet with Mark?

Episode 350: The Art of Leveraging Insurance for Real Estate Success with Jay Helms

May 17, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

Can you imagine?
Would you like to hear another story from Jay Helms?
Would you like to hear Episode 243?
How did Jay break free from the rat race?
How did Jay leverage his Bank on Yourself® type whole life insurance policy’s cash value for real estate?
What was the annualized return?
What were the results?
What was the deal?
What was the loan amount?
What was the interest rate?
What happened six months later?
What’s a “me-loc” ?
What are the advantages?
What was the policy’s growth?
What is positive arbitrage?
Where else can you do this?
What about the risk?
What about first lien position as a safeguard?
What about coming out of the W-2 and going into the real estate world?
What did he say?
What did he not say?
What about liquid access to that money?
What about Jay’s mastermind group?
What about growth friends?
Would you like to join or login to the FREE Not Your Average Financial Community to access and participate in office hours?
How about a thought exercise?
Would you like to download this FREE two column sheet with growth friends | maintenance relationships along the top?
What are 20 of the most recent, important connections from your device (text, zoom, phone)?
What is the crab bucket?
What happens when you take action?
Would you like to meet with Mark?
Would you like to meet with Jay?
When is the best time to plant a tree?
What does Jay say about starting a policy?
What are the takeaways?
How might you leverage your life insurance?
What could be a powerful cash management tool?
What about positive arbitrage?
What are you waiting for?
What about calculated risks?
What about the importance of real relationships?
How will you think differently about your money, your economy and your future?

Thought Exercise: Growth Friends and Maintenance Relationships (PDF)

Jay Helms, Founder of the W2 Capitalist, escaped the rat race after 6 years of side hustling in real estate investing. Jay has a goal to help one million people create multiple streams of income, achieve financial freedom, or build legacy wealth through real estate investing. Jay met his wife Cassie when they were contestants on a reality TV show and when their family of 5 are not traveling the country in their RV, Jay and Cassie reside in Gulf Breeze, FL, with their three kids, Rowland, Stella, and Ellen Anne. Knowing that closing on the first deal is the biggest hurdle and roadblock for new investors, he wrote a book, Make An Offer: Break Through Analysis Paralysis & Grab the Confidence You Need to Become a Real Estate Investor, to help them get over those mental hurdles.