Not Your Average Financial Podcast™

Think different about your money, your economy and your future. Be curious. Be stable. Be sane.

Episode 282: Nearly All of the Places Money Can Live with Mark and Katrina Willis

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In this episode we ask:

  • Are you missing out?
  • Would you like to subscribe?
  • Join the FREE Not Your Average Financial Community to receive a notice about this year’s dates!
  • Would you like a 30,000 foot flyover of financial choices?
  • Where might you park your money?
  • Where does your money live?
  • Why does this matter?
  • What are the pros?
  • What are the cons?
  • What were the news cycles saying in May 2022?
  • What about cash?
  • What about checking?
  • What about savings?
  • What is great about cash?
  • What are the downsides of cash?
  • What about inflation?
  • What about certificates of deposit (CDs)?
  • What about bonds and bond funds?
  • What about precious metals?
  • What about crypto?
  • What about term life insurance?
  • How about fixed annuities?
  • What about variable annuities?
  • What about dividend paying stocks?
  • What about stock buy backs?
  • What about common stocks?
  • What about tech stocks?
  • What did DALBAR say?
  • What about ETFs?
  • What about TDFs?
  • What about qualified plans, like 401(k)s?
  • What about real estate?
  • What about indexed universal life insurance?
  • What about variable life insurance?
  • What about business and K-1 partnerships?
  • What about Bank and Yourself® type whole life insurance?
  • What about all time record highs?
  • Is it an “either/or”?
  • Is it a “both/and”?
  • What are Mark’s takeaways?
  • Would you like to hear Episode 187?
  • Which of these tools were surprised about?
  • What did you learn? What are your takeaways?
  • Would you like to meet with Mark?
This is a segment from our 2022 Not Your Average Financial Summit. If you enjoy this presentation, and are interested in all of the slides and resources, consider joining us this autumn for the 2023 Not Your Average Financial Summit!

Episode 265: How to Get True Uninterrupted Compound Growth with Lester Himel

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In this episode, we ask:

  • Is there truly nowhere to hide? Would you like to join us THIS WEEKEND for the FREE Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1, 2022? Login or Join the FREE membership community to Reserve Your Spot!
  • Would you like to hear Part 1 of my interview with Les in Episode 264?
  • Would you like to hear more from Les on Episode 52 and Episode 53?
  • What about compound growth?
  • Who understands the (uninterrupted) exponential function?
  • When I’m 75, 85, 95 years old… how am I paying my bills?
  • What is the 4% rule?
  • Is it 2.8% now?
  • Did your guru disappear?
  • How do Bank on Yourself® type whole life insurance policies develop compound growth?
  • What is a paid up addition (PUA)?
  • Why do I need the extra life insurance?
  • What buys paid up additions (PUAs)?
  • Who wants to participate?
  • Is that oak tree dropping acorns?
  • How are paid up additions like acorns?
  • What about the dividends?
  • What about guarantees?
  • What about solid results and simplicity?
  • Would you like to visit heiratlas.com?
  • What are the stages?
  • What is accumulation?
  • What is stabilizing?
  • What is distributing?
  • What provides actual compounding and consistency?
  • Is there a world where you can ignore the stock market?
  • We’d love to have you join us TODAY for the FREE Not Your Average Financial Summit!

Lester N. Himel discovered the use of specific types of Life Insurance to enhance and expand the performance of investment portfolios several years ago; this after spending 28 years in a variety of positions on Wall Street. Like most financial professionals, he considered stocks, bonds and similar instruments as the core of a reasonable investment approach. In those last several years, Les has found the better way. Les comes to this field with a very broad financial background. He started as a compliance officer, worked in administration, was an institutional bond trader, developed an Emerging Markets business, and was also involved with “alternative investments”. Les prefers low risk and “guarantees”, and has an ability to simplify explanations of what, why and how. Contact Les at heiratlas.com.

Episode 264: What Will You Do When You’re 82? with Lester Himel

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In this episode, we ask:

  • Would you like to join us for the FREE Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1, 2022?
    Login or Join the FREE membership community to Reserve Your Spot!
  • Who is Lester Him?
  • Would you like to hear Part 1 of this interview today?
  • Would you like to hear Episode 52 and Episode 53?
  • What about volatility?
  • Should we be using the standard vehicles?
  • What did Les find?
  • What happened with the S&P?
  • Why such a big difference?
  • Are the results fact or fiction?
  • What about stocks, bonds and mutual funds?
  • According to the U.S. Census Data, what is the average net worth of an American over age 65? What is their income? How long will that last? Is this what they expected?
  • What has the stock market done over the years?
  • How has volatility affected the results?
  • How is the income in your working years like a shield?
  • What happens when the working income is gone?
  • Who is in the have nots and who is in the have yachts?
  • What is the difference in the word return vs. the word change?
  • What are the gurus paid to do?
  • What is the definition of compound growth?
  • Does the stock market give compound growth?
  • Does the bond market give compound growth?
  • What’s the difference between growth and compound growth?
  • How is compound growth like acorns coming off an oak tree?
  • Do bonds and mutual funds compound?
  • What is yield to maturity (YTM)?
  • What about simple interest?
  • What about making a distinction?
  • Do you have the capacity to do the work?
  • What are the two catches?
  • What did Albert Einstein say?
  • Would you like to join us for Part 2 of this interview next week?

Lester N. Himel discovered the use of specific types of Life Insurance to enhance and expand the performance of investment portfolios several years ago; this after spending 28 years in a variety of positions on Wall Street. Like most financial professionals, he considered stocks, bonds and similar instruments as the core of a reasonable investment approach. In those last several years, Les has found the better way. Les comes to this field with a very broad financial background. He started as a compliance officer, worked in administration, was an institutional bond trader, developed an Emerging Markets business, and was also involved with “alternative investments”. Les prefers low risk and “guarantees”, and has an ability to simplify explanations of what, why and how. Contact Les at heiratlas.com.

Episode 262: Don’t Make This Hard! 13 Crucial Questions about Money with Doug Peacock

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In this episode, we ask:

  • Would you like to join us for the Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1?
    Login or Join the FREE membership community to Reserve Your Spot!
  • Did you do what you were supposed to do?
  • Who is Doug Peacock?
  • What is Doug’s story?
  • Why does Doug work with the guarantees inherent in whole life insurance?
  • What are the 13 Crucial Questions?
  • Is it truly your money?
  • Do you know what the future value of that money will be?
  • What happened in 2008?
  • Does your money get to set a new time high, every day?
  • Would you like to hear Episode 197?
  • Does your current financial storehouse generate additional income for you?
  • Are you an owner?
  • Did people receive dividend checks in the Great Depression?
  • If you have unlimited access to your cash for your lifestyle needs or your business needs as much as you want? 
  • Are brokerage accounts liquid throughout your lifetime?
  • What about home equity lines of credit (HELOCs)?
  • Can you leverage your money in your favor and still earn interest on it? 
  • Can you control the repayment terms of the loan with your current bank?
  • What about employee retention and new hires?
  • Do you think taxes going up, going down or staying the same?
  • Do you want to pay taxes on the seed or the harvest? Do you want to pay taxes on a little or a whole lot?
  • Is a dollar worth more today or tomorrow?
  • What is the status of 95% of 65-year-olds, financially speaking?
  • Do you want someone else to hire away your best employee because of your benefits?
  • Do you want to pay more taxes?
  • Do you want the courts to tell everyone where your money is going after you die?
  • Do you want your competitor to be able to take advantage of opportunites that you cannot, because you couldn’t come up with the money? 
  • Do you want some of money to be locked up when you try to leave your money as a legacy?
  • Do you have a guaranteed exit strategy from your business? 
  • Is this hard?
  • Would you like schedule with Doug at peacockwealthgroup.com?

Doug Peacock spent 38 years as a high school teacher and football coach. He tried to retire the traditional/conventional path, and things didn’t work out like he was led to believe. He learned that other teachers and coaches were having the same conversation. Doug literally watched his 403(b) become a 203(b) twice in the last decade of his teaching career. He knew there had to be a better way, so he started learning how wealth really works.

Episode 261: The 401(not OK)?

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In this episode, we ask:

  • Would you like to join us for the Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1?
    Login or Join the FREE membership community to Reserve Your Spot!
  • Has anyone’s 401(k) been a ravishing success?
  • What did Ted Benna do?
  • What is the hope and prayer?
  • What is the best case scenario for a 401(k)?
  • What about salary deferral?
  • Will you be alive in 20 to 30 years?
  • How much of it belongs to you? How much of it belongs to Uncle Sam?
  • What about tax changes?
  • Why a default retirement strategy?
  • Who benefits from that advice?
  • What about the employee match?
  • Is this magic?
  • Is this income redirection?
  • What buys groceries?
  • What is a vesting schedule?
  • How many companies provide immediate vesting?
  • How many people lose the employer match?
  • How many years on average do people stay?
  • How does your brain react?
  • How many people get paid in a 401(k)?
  • What is revenue sharing?
  • How many people get paid before you do?
  • What about mutual fund returns?
  • What about reporting?
  • What is the true cost of the fee?
  • What about “beating the market”?
  • How many fund managers underperform the market?
  • What about unicorn market returns?
  • What index are we looking at?
  • Will your plan come to fruition?
  • What are the realities of the returns?
  • What is the actual returns?
  • Does the rate of return in one’s 401(k) include one’s contributions?
  • What about tax?
  • What about dividend paying Bank on Yourself® type whole life insurance policies?
  • Would you like to hear Episode 206?
  • Would you rather pay your tax on the seed or the harvest?
  • Would you like to discuss your specific situation? Schedule a time
  • Who needs to hear this?
  • Would you like a FREE book? Email us at hello@nyafinancialpodcast.com

The topics presented in this podcast are general information only and not for the purposes of providing legal, accounting or investment advice. On such matters, please consult a professional who knows your specific situation.

Episode 254: Solving the Unsolvable Financial Problems with Steven Step

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In this episode, we ask:

  • How do you solve an unsolvable problem?
  • Can you solve a Rubik’s cube?
  • What about complexity?
  • Who is Steven Step?
  • What’s Steven’s story with Bank on Yourself®?
  • What happens every year on the policy statement?
  • What is always increasing?
  • What is the best way of creating a safe, tax-free retirement income?
  • Are there many safe, tax-free instruments available?
  • What about paying taxes?
  • What about social security?
  • What about the adjusted gross income?
  • How much is exposed to taxation?
  • What about financing bigger items?
  • How many policies does Steven own?
  • How many cars has Steven purchased?
  • What about medical emergencies?
  • What about an example?
  • What about feeling great?
  • What about ease?
  • What about a 401(k)?
  • What about Bank on Yourself®?
  • What about a traditional pension?
  • What about surprisingly high fees?
  • What about the market?
  • What about dollar cost averaging?
  • What are they not thinking about?
  • When will the market crash?
  • Does all the money saved in a 401(k) belong to the 401(k)’s account holder?
  • What about the IRA?
  • How long are you going to live?
  • What about the layers of complexity?
  • …How much in retirement assets?
  • What is possible?
  • Do you have to start taking required minimum distributions?
  • What about the tax payments?
  • What about the specific situation?
  • What about the The Baby Boomer Dilemma movie?
  • What’s Steven’s story with a client who held a 401(k)?
  • What happened in 2008?
  • What will the sequence of returns look like?
  • What is Steven’s hope?
  • Where will you be when you’re at age 82?
  • Would you like to connect with Steven? Call 800-245-4677 or reach out at connectwithstevenstep.com
  • Would you like to reach out to Steven and get access to view The Baby Boomer Dilemma?
  • Aren’t you thankful for Steven?
  • Would you like to review this podcast? Send us a screenshot of your review to hello@nyafinancialpodcast.com!

Steven Step is the President of A Step Ahead Financial, Inc. He is the co-author of The Secret to Lifetime Security. Steven has a Masters in Business Administration from USC. He has thirty years of experience helping hundreds of families build wealth, save taxes and retire comfortably.

Episode 248: Running into the Financial Hurricane with Marc Beshears

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In this episode, we ask:

  • Have you ever had life throw you a curve ball?
  • Who is Marc Beshears?
  • How did Marc learn about Bank on Yourself®?
  • What happens when things are too easy?
  • What happened with the hurricanes?
  • What assets are creditor proof?
  • What is a private asset?
  • What happened when Marc learned about dividend paying whole life insurance?
  • Why is debt so stressful?
  • Whose barber bought five condos in 2007?
  • How has Bank on Yourself® changed Marc’s life?
  • Whose capital is in jail?
  • What about liquidity?
  • What about dividends?
  • What about a tax free environment?
  • What about having capital to deploy at a moment’s notice?
  • What about the trendy things?
  • What about the oil spill?
  • What does it feel like to go against the herd?
  • What about peace?
  • What about ease?
  • What about laughing bankers?
  • What was the most recent volatility?
  • Are you ready?
  • What about borrowing against the cash value in a whole life insurance policy?
  • What about patience and courage?
  • What about employers?
  • What about key employees?
  • What about finding and following your own agenda?
  • Would you like to hear more about the financial pyramid from Episode 4?
  • What about building your capital source first?
  • What about self-financing?
  • Who should hold your money?
  • Is crypto trendy?
  • What wisdom does Marc have?
  • What about the people who were born after 1989-1990?
  • Does everything go up forever?
  • What is most gratifying to Marc about being a Bank on Yourself® Professional?
  • What about Marc’s clients being at “an all time high“?
  • Who is losing money?
  • What about predictable growth?
  • How can you connect with Marc Beshears?

Marc Beshears is the President of Top Wealth Agenda. He has helped his clients grow their wealth to achieve financial security and reach their personal and financial goals and dreams without the risk, worry, or volatility of stocks, real estate, and other investments.

Marc has put his clients on track to building more than $50 million of additional wealth they would most likely not have had otherwise, through safe, proven financial strategies. That’s why Marc’s clients think of him as their “secret weapon,” helping them build and safeguard their wealth. Connect with Marc at bookwithmarc.com!

Episode 242: Die with Zero and Love Every Minute of It

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In this episode, we ask:

  • What is the purpose of your money?
  • What’s it all for?
  • What happens when you get more money?
  • What is the key?
  • What about a story?
  • What is ROE?
  • What about Bill Perkins’ book, Die with Zero?
  • What happened when Mark went to Japan?
  • What about memory dividends?
  • What about paying attention?
  • What about another story?
  • What about receiving money without working?
  • What about understanding value?
  • What about thinking about money differently?
  • What is the purpose of money for you?
  • What is your current definition of money?
  • What about out living your money?
  • What about annuities?
  • What about maximizing cash flow?
  • What about whole life insurance?
  • What about accessing cash value?
  • What happens to the death benefit?
  • What about giving away your cash before you die?
  • What about traveling when you’re younger?
  • Would you like to meet with Mark?
  • What about choosing a year to start lowering your net worth?
  • How might you calculate it?
  • What about your Maximum Net Worth?
  • What about your remaining Years of Life Expectancy?
  • What about your annual spending?
  • What about the growth rate of 4%-5%?
  • What will sustain you after your net worth is spent down?
  • What are people saying?

Episode 223: How They’re Stealing Your Pension, Even If You Don’t Have One with Chris Tobe

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In this episode, we ask:

  • Who is Chris Tobe?
  • What’s his story?
  • Have you read Kentucky Fried Pensions?
  • What about contracts?
  • What about excessive fees?
  • What about the tax payers?
  • What about the Chicago Police pensions?
  • Would you like to read the Twisted Priorities article?
  • What’s happened in Pennsylvania?
  • What about making a partial payment on a pension?
  • What about the pensioners?
  • What do we know?
  • What about cost of living increases?
  • What happened in the Detroit bankruptcy?
  • What about underfunded pensions?
  • What happens in bankruptcy?
  • How many pennies on the dollar are the pensioners likely to receive?
  • What other programs are underfunded?
  • What about social security?
  • What about money printing?
  • What’s the value of the money going to be?
  • Can states declare bankruptcy?
  • Can cities declare bankruptcy?
  • What about defined contribution plans, like 401(k)s?
  • What about target date funds?
  • What about private equity hedge funds?
  • What about the fees?
  • What about the scale of fees?
  • What about an example?
  • What came out of the mutual fund association?
  • What about a variable annuity?
  • What about expenses?
  • What about taxes?
  • What about full transparency?
  • What about public pensions?
  • What are the takeaways?
  • How destructive are 1% fees?
  • Is your pension transparent?
  • Are pensions going away?
  • What about the promise and delivery of a guaranteed lifetime income?

Chris Tobe, CFA, CAIA works as a pension investment consultant, expert witness, and author. His most recent book is “Kentucky Fried Pensions” and recently filmed with PBS Frontline on a Kentucky pension piece airing in October 2018. He is now working as a Chief Investment Officer with a Public Pension consulting firm out of New Orleans the Hackett-Group, where he has provided project consulting to a number of public pensions in MD, NC and TX.

From 2008-2012 he served as a Trustee and on the Investment and Audit Committees for the $14 billion Kentucky Retirement Systems.
From 2008-2009 he was a Sr. Consultant with New England Pension Consultants and worked with a number of public pension plans in Oklahoma, Missouri, Michigan and the District of Columbia. And was Former VP in 401k investments with AEGON 2001-2008.

He has written 4 books, dozens of articles and has been quoted in the Wall St. Journal, New York Times, Forbes, & Bloomberg. As a public pension trustee, he completed the Program for Advanced Trustee Studies at Harvard Law School and Fiduciary College held at the Stanford University.

Episode 217: Top Ten Tough Questions When You Bank on Yourself (Part 1)

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In this episode, we ask:

  • What about tough questions?
  • What about breaking even?
  • Why is Bank on Yourself® type whole life insurance worth it, when I am so close to retirement?
  • Have you missed opportunities?
  • Have you taken on too much risk?
  • …Compared to what?
  • What about an example?
  • Would you have enough money and time?
  • What about non paying tenants?
  • What about market downturns?
  • What is your time horizon?
  • Is your time horizon too short?
  • What would most financial advisors say?
  • What will you have?
  • What about real estate?
  • What about the stock market?
  • Why is it worth it?
  • What about an example?
  • What about a death benefit?
  • What about saving?
  • What about working?
  • Are you earning enough?
  • What accounts are taxable?
  • What makes sense?
  • What about waiting?
  • What is the best opportunity for my money today?
  • What about dealing with large sums of cash?
  • What about expenses?
  • What about policy loans?
  • What about locking in insurability?
  • What about earnings in a whole life insurance policy’s growth?
  • Can one get compounding back after losing the opportunity?
  • What about time?
  • What about guaranteed growth?
  • What about good health?
  • Is good health guaranteed?
  • What happens when one is uninsurable?
  • What about putting everything on hold?
  • Will life get in the way?
  • Is time your friend?
  • Is time your enemy?
  • Is there anything you can do about it?
  • Is the last deal you will ever do?
  • What would you like to give your future self?
  • Is there always more where that came from?
  • What is the power of the strategy?
  • How can I be sure that the life insurance company will come through on its guarantee?
  • What about guarantees?
  • Is past performance indicative of future results?
  • Would you like to listen to Episode 128?
  • What about bonds? What happens if bonds fail?
  • What about cash flow?
  • What about policy dividends?
  • What has happened since 1920 in corporate bond yields relative to inflation?
  • What about investment grade fixed income assets?
  • Why can’t I just forgo life insurance and save in a regular bank account?
  • What about an example?
  • What other financial vehicle can meet these expectations?
  • Does having your money safe and available for whatever you need take away any of your options? Or does it give you more options?
  • What tough questions do you have?