Retirement Plans

Episode 212: The Coming Revolution in Lifetime Income

September 24, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to join us for a one-day summit on October 9, 2021? Scroll down for access!
Would you like to read the founder of Bank on Yourself®, Pamela Yellen’s guaranteed lifetime income report?
Would you like to reach out to us and we’ll send it to you?
What about retirement?
What did William Sharpe say?
How will you plan?
How long will your money need to last?
Do you have a backup plan?
What has changed over the generations?
Is this a new problem?
What is an annuity?
What are the guarantees?
What is the value?
How are annuities protective?
What is the only true form of retirement security?
What is the Lindy effect?
Which will be here longer: the book or the digital book?
What about the news?
What about gold?
What about annuities?
How far back do annuities go back?
What happened in 1759?
How can one receive a guaranteed lifetime income from an annuity?
What about a lifetime income rider?
What about an example?
What about income with increases?
What about contracts?
What are options for spouses?
What is a joint life payout?
What happens upon death?
Would you like to meet with Mark?
How will your money grow?
What about tax?
What is a thing of beauty?
What about rollovers and transfers?
Would you like a few examples?
What about tax deferral?
What about long term savings purposes?
What about surrender charges?
What about liquidity?
What is a surrender period?
What about penalties?
What about surrender-free withdrawals?
What about penalty-free withdrawals?
What about a long-term income play?
What about emergencies?
What about surrender charges on CDs?
What about brokerage surrender charges?
What did Richard Thaler say?
What about solving your own retirement problems?
Who will you work with?
Are they qualified?
Are they competent?
Do they understand how to help you?
Would you like to work with us?
Would you like Pamela Yellen’s full report?
How will you get to your goals?

Join Us! Saturday, October 9, 2021

9:00am – 3:30pm CDT

REGISTER NOW

Episode 210: Do You Believe These Four Retirement Whoppers?

September 10, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to attend the Inaugural Not Your Average Financial Summit on October 9, 2021?
Would you like to learn more?
Would you like to join the Not Your Average Financial Community to get notified?
What about savings running out?
What about anxiety?
What about the Alliance for Lifetime Income?
What about retired Americans?
Who has pensions?
Who has annuities?
What is changing?
What about 401(k)s?
What about rising health care costs?
What about concerns?
Who has a plan?
What is a myth about retirement?
What expenses reduce in retirement?
What expenses expand in retirement?
What about tracking expenses or budgeting?
What about debts?
What about streams of income?
What about taxes?
What about tax deferral?
Is pension income taxable?
Is social security taxable?
What are the rates based upon?
Will tax rates change?
What happens in 2025?
What about math?
What about required minimum distributions (RMDs)?
What happens at age 72?
Who will have to worry about the stock market in retirement?
What is a reasonable percentage for retirement withdrawals?
What is the 4% rule?
How much will you need?
What about taking into account human behavior?
What about liquidity?
What about allocations?
What about the returns?
What about volatility?
What about fees?
What about another scenerio?
Would you endure the market’s madness for that return?
Will everyday be like a vacation?
What about meaningful work?
What about volunteering?
What about SCORE?
How long do people tend to work?
How many people have to retire early?
What about vitality?
What about aging parents?
What about risk?
Would you like to learn about myths around lifetime income and annuities?

Episode 209: What’s Wrong with Self-Directed IRAs?

September 3, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to join us for the Not Your Average Financial Summit?
Are you a member of the Not Your Average Community? Join Here
What about Self-Directed IRAs?
What happened on Labor Day of 1974?
What is ERISA?
What about IRAs and 401(k)?
What about saving for retirement on your own?
What is an Individual Retirement Arrangement?
What about employer’s qualified pension plan?
Can an IRA be tax deductible?
Is an IRA tax deferred?
What was the annual amount that could be added to an IRA in the 70’s?
What about the Roth IRA?
What is the current annual amount that can be added to an IRA in 2021?
What about prohibited transactions?
What are the taxable dynamics and potential penalties?
What about flexibility and control?
When was the Self-Directed IRA born?
Can one find Self-Directed IRAs in the tax code?
Can there be other types of Self-Directed qualified plans, like a Self-Directed 401(k)?
What about a Self-Directed LLC?
What about real estate investing?
What can be included in a Self-Directed IRA?
Are alternative investments aloud?
Is an alternative investment a good idea?
What about custodial agreements?
What are the little pitfalls that could cause massive issues?
What about additional tax returns?
What about annual reporting?
What are the risks?
What are prohibited transactions?
What is considered improper use?
What about setting up a corporation?
What about investing in your own business?
What is the assumption?
Can you borrow from your IRA?
Can you use your IRA as collateral?
Do all these rules sound like freedom?
Can you purchase property that you and your family use?
What are the options?
What about purchasing real estate inside of an IRA?
What about a REIT?
What about owning a rental property or fix and flips inside of an IRA?
What are the problems of owning real estate inside of an IRA?
What about purchasing real estate outside of an IRA?
What about heirs?
What substantial cash needs for maintenance and property taxes?
Will $6K be enough?
What happened to all of the options?
What about RMDs or required minimum distributions?
Will a Roth IRA have RMDs?
What about the 50% penalty?
What about the annual appraisal?
What about filing with the IRS?
What about paying for a bookkeeper inside of your IRA?
What is the uniform lifetime expectancy table?
What if you have to sell your real estate?
What happens if the market crashes?
What about the unknowns?
What about the gains and losses?
Can you claim depreciation or cost segregation for real estate inside of an IRA?
Is real estate liquid?
Will real estate perform better than other options?
What will the long term risks be?
Will you need an IRA for a source of income in retirement?
Will you be forced to sell your property at the wrong time?
What about selling stock?
What about selling an entire building?
Is there a third option?
What about a fixed indexed annuity inside of an IRA?
What about an example?
What about other qualified plan options?
What are the problems?
What are the additional expenses?
What about the potential loss?
Would you like to continue to learn more?
- Episode 183 Bank on Yourself® and Crypto
- Episode 181 Bank on Yourself® and Real Estate Tax Problems
- Episode 161 and Episode 162 Bank on Yourself® and Real Estate Investing
- Episode 41 Bank on Yourself® and the Asset Class of Real Estate

Episode 202: Hot Tea with Marilyn Blosser

July 16, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is resilient?
Who is Marilyn Blosser?
How did Marilyn get into financial services?
What about the federal government’s mandate to hire women in the insurance industry?
What about a stable salary?
What about commissions only?
What about a subsidy?
What about an unlimited income potential?
What about working from the heart?
Will Marilyn ever retire?
What about the Million Dollar Round Table (MDRT)?
How has Marilyn dramatically changed people’s lives?
What about the hiring culture?
What about Marilyn’s work with CNA?
What about working with property and casualty agents?
What happened with Henry?
When did Marilyn open her own business?
What about high net worth individuals?
What are the changes Marilyn has witnessed in the industry over her career?
Is life insurance only about the death benefit?
What about the living benefits alongside the death benefit?
What about Dave Ramsey?
What about Suze Orman?
What about buy term and invest the difference?
What about the 401(k)?
What about the volatility?
What’s the plan when the market drops?
What about Walt Disney and J.C. Penney using the living benefits of their whole life insurance?
Will it go backwards?
How can you protect yourself from volatility, regardless of age?
What is the best a 401(k) can do?
What about risk?
What is not understood about life insurance?
What about Ed Slott?
Does the insurance company send a 1099?
What about working with happy clients for decades?
Why can’t certain clients put more money into their policies?
What about converting term insurance to whole life insurance?
What about overcoming the fundamental challenges?
What about financial illiteracy?
What about the busyness of life?
What happens in an emergency?
What about the cash flow spreadsheet?
What about paying attention?
What are some interesting client experiences?
What about Marilyn’s client who was also a convicted felon?
Did the felon get approved for life insurance?
What about the Rockefeller family’s dynastic trust?
What about the Vanderbilts?
What about Marilyn’s policies?
What about setting up a trust?
What about the policies in the family?
What about Ben Franklin?
What about long term thinking?
Why is Marilyn blowing the horn for properly designed whole life insurance?
Would you like to reach out to Marilyn by phone at 305-934-7705?
Would you like to reach out to Marilyn by email at mmb@blosserfinancial.com?

Marilyn Blosser was born in Miami & has lived in Florida all her life. She’s been in the financial services business for almost 45 years.

Marilyn is very active in her professional organization WIFS, Women In Insurance & Financial Services, having served many terms on both the National & Local Board of Directors. She also belongs and is active in several service organizations including the American Legion. Marilyn enjoys spending time with family & friends as well as playing golf and is an avid poker player. Reach out to Marilyn by phone at 305-934-7705 or email her at mmb@blosserfinancial.com.

Episode 194: [Toolbox] Use The Volatility Buffer Against Market Madness

May 21, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What is the goal of climbing a mountain?
Who was the first person to successfully climb Mount Everest?
What about coming down the mountain?
What about a sherpa?
What about compensation based on AUM?
What is the volatility buffer?
What about when all of the money is tied up in the market?
What happens with a market crash?
What happens in retirement?
Does the stock market care if you are retired or not?
How might we avoid a disaster in retirement?
Who has an average retirement account?
Who has a mythical average account?
What are some strategies?
What money can you not afford to lose?
How does the volatility buffer work?
Wouldn’t you anticipate what the mountain might bring?
How might you shield yourself from the elements?
What are the provisions?
Who is Wade Pfau?
What does Wade Pfau say?
What are some reasonable expectations?
How about coming down the mountain safely?
What did Tom Hegna say?
Would you like to discuss some strategies for “coming down the mountain”?
Schedule a meeting with Mark

Episode 192: Can I Bank on Yourself® Outside of the United States? with Stephen Devlin from Canada

May 7, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What about courage?
What about taking big leaps?
Who is Stephen Devlin?
Do you live outside of the U.S.?
Have you ever jumped out of an airplane?
How did Stephen’s life change?
Why did Stephen become a Bank on Yourself® professional in Vancouver, Canada?
What happened to Stephen’s business in 2008?
How does money work?
What about the bank?
How does Bank on Yourself® work in Canada?
What are the slight differences?
How is the population of Canada different from the U.S.?
What about the insurance companies?
What about the requirements?
Have you heard Episode 159?
What about labels that mean nothing?
What happened when Stephen went to the insurance companies?
What happened in 2012?
When did Stephen realize he had a passion for training and mentoring?
What are the differences in naming around taxed deferred vehicles in Canada?
What’s the same?
What’s an RSP? What’s a tax-free savings account in Canada?
What’s an ESP?
What do you want your money to do for you?
How do you want to control your financial future?
What about guaranteed cash accumulation?
What about tax advantages in retirement?
What about the ability to borrow from the policy?
What about the ability to leave your family a legacy beyond what you’ve saved?
What are the limitations?
What about keeping policies tax exempt?
What would Stephen like to see?
What about patience?
What sort of client photos and messages does Stephen receive?
What are Stephen’s clients doing with their Bank on Yourself® type whole life insurance policies?
What about policies on grandchildren?
What do you use your policy for?
What might you accomplish?
Who moved to Canada because they wanted access to Bank on Yourself®?
What should you do if you live outside of the U.S. or Canada?
What options exist?
Who has a right to get these policies?
What about underwriting?
What about doing business in North America?
What is possible?
What drives Stephen?
Who is ready for some homework?
Are you in Canada? Would you like to reach out to Stephen?
What are the options?
What are your rights?
What choice will you make?
What about key interests?
Are you in the U.S.? Would you like to meet with Mark?

Stephen Devlin co-founded two of Canada’s leading companies in creating safe and secure wealth-building systems for personal use and business, taking advantage of an underutilized strategy with whole life policies. With offices across Canada and as President and Chief Financial Officer with MacDev Financial Group and SET Financial Solutions Inc., Stephen leads an exclusive group of advisors that specialize in his financial philosophy.

Stephen is passionate about self-empowering his clients to achieve financial control for life by educating and coaching them
on key financial principles. He is regarded as one of Canada’s leading experts in the Bank On Yourself®, and engineering multi-figure strategic wealth plans as an accredited advisor in these concepts.

Stephen is also a member of the prestigious Million Dollar Round Table. Stephen has been featured in local and international media, including Forbes, USA Today, A&E—and more. He has also authored two award-winning, best-selling books. More recently, he launched his own TV show “Financial Control for Life”. Stephen and his wife, Michele Platje-Devlin—CEO & Chief Compliance Officer for both companies live with their teenage son in Vancouver and on the Sunshine Coast.

Episode 188: The Founder of Bank On Yourself®, Pamela Yellen

April 9, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Pamela Yellen?
What about Pamela’s articles and books?
What did Pamela learn from experience?
What did Pamela investigate?
How does Pamela remember her mission?
What about Dave Ramsey and Suze Orman?
What is real education?
What is infotainment?
Has conventional financial wisdom worked?
How many actually have financial security?
What do people say about Bank on Yourself?
What about investment accounts?
What about Pamela’s newest book, Rescue Your Retirement?
What about 401(k)s and IRAs?
What will the value of your accounts be when it’s time for retirement?
Do you know?
What about a personal story?
What about the go go years of the dot com bubble?
What is a paper gain?
How is a paper gain different from real wealth?
What about paper gains vanishing?
How does Bank on Yourself® fit into a financial strategy?
What about cash value?
What about taking policy loans?
What are some examples of what people are doing with policy loans?
What has Pamela done with her policies?
What happened when Pamela wrote the Bank on Yourself® book?
How was she able to access $500,000 in a week, with no questions asked?
What about non-direct recognition policy loans?
Is this the 8th wonder of the world?
What happened to Pamela’s colleagues?
What about compound growth?
What about guarantees?
What about the right to borrow?
What is a unilateral contract?
What about opportunities?
What about emergencies?
What would an adequate emergency fund look like?
Can you have your money working for you in two places at once?
What about the Bank on Yourself® Professional program?
What about the intellectual property of Bank of Yourself®?
Why is it important to work with someone with the right training to build and care for a policy?
How might a policy help you manage your tax burden?
Do people have to pay tax on social security?
What about commissions?
What about the death benefit?
What did the father of the 401(k) say?
What is he doing with his money?
What if you have a 401(k)?
What about reading pages 36-37 of Rescue Your Retirement?
Would you like a FREE copy of Rescue Your Retirement?
Would you like to visit findoutmorenow.com?
Would you like to book a meeting with Mark? (Write Rescue Your Retirement book in the notes on the calendar page so we can get you that FREE copy)
What are Pamela’s insights?
What are the takeaways?

Pamela Yellen, Financial security expert and best-selling author, investigated more than 450 savings and retirement planning strategies seeking an alternative to the risk and volatility of stocks and other investments. Her research led her to a time-tested, predictable method of growing and protecting wealth she calls Bank On Yourself (www.bankonyourself.com) that is now used by more than half a million people.

Pamela is the author of the New York Times bestselling books BANK ON YOURSELF: The Life-Changing Secret to Growing and Protecting Your Financial Future and THE BANK ON YOURSELF REVOLUTION: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future.

Pamela has appeared on every major TV and radio network and served as a source for organizations and publications such as the Associated Press, Fox News, Bloomberg Businessweek, Ladies’ Home Journal, Essence Magazine, Aging Today and AARP. Her articles have been featured in thousands of major publications and websites, and she has spoken to more than 1,000 audiences world-wide.

Pamela was born in Buffalo, New York, and has lived in Sarasota, Phoenix, and the San Francisco Bay area. She graduated from the University of San Francisco with a degree in psychology. Pamela and her husband Larry currently live outside of Santa Fe, New Mexico, They enjoy theatre and the arts, hiking, biking, bird watching, traveling, gourmet cooking, working out (Pamela can leg press 200 pounds!), reading, spoiling their two grandkids, and are involved in supporting numerous charitable causes.

Ten percent of all author royalties are donated to educational not-for-profits, such as The Smile Train, The Nature Conservancy, Susan G. Komen for the Cure, Wounded Warrior Project, Heifer International, and Hawk Watch.

Episode 184: Rewirement and Risks to Retiring in 2021 with Jamie Hopkins

March 12, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Have you ever seen the show, American Ninja Warrior?
What about a finite amount of cash?
Who is Jamie Hopkins?
What are some of Jamie’s earliest experiences with money?
What about the risks of retirement?
What about Jamie’s new book, Rewirement?
What about longevity?
What about the unknown time horizon?
What about deflation?
What about public policy risk?
What about unexpected financial responsibility?
What about a parent’s long term care needs?
What if your career is shorter than your retirement?
What does Jamie see in his crystal ball?
What is the giant societal experiment?
What about the 401(k)s?
What about the standard of living adjustments?
What about cutting back?
What about reliance on certain systems?
What about the social security fund report?
How does this influence policy?
What about social security?
What percentage of retiree’s income typically comes from social security?
Will the funds be depleted?
What about Biden’s proposals?
What is our single biggest funding program?
When was the last time social security was updated?
What about the assumptions?
What has happened to interest rates in the last 40 years?
How does this change behavior?
What changes in the macroeconomic assumptions?
What about a tax proposal?
What about inflation?
How does living on a fixed income work?
What about the infrastructure and legal system in the U.S.?
What about protections?
What about strategies?
What about contract law?
Does Jamie sell products?
What about fixed indexed annuities?
What about creating lifetime income?
What about fixed income?
What about bond laddering?
What about life insurance?
What about forced or automatic savings?
What about a death benefit?
What about tax diversification?
Could laws change?
Where will public policy go?
How might one public policy change affect your strategy?
Are tax rates going up?
Have you read the Power of Zero?
Do you act in accordance with your beliefs?
What about diversifying risk?
What do most people believe today?
What happened between 2010 and 2020?
Where can you follow Jamie?
What do you want to accomplish?
What are the takeaways?

Jamie Hopkins, Esq., LLM, MBA, CFP®, RICP® is the managing director of Carson Coaching and the Director of Retirement Research for Carson Group. He is a finance professor of practice at Creighton University’s Heider College of Business and is the author of the book Rewirement: Rewiring The Way You Think About Retirement Planning. Jamie helped co-create the Retirement Income Certified Professional (RICP®) designation at The American College of Financial Services. He was named as a top 40 young attorney by the American Bar Association and a top 40 financial service professional under the age of 40 by InvestmentNews. In 2020, his work on retirement planning and the SECURE Act won an award from WealthManagement.com for being the best Thought Leadership Advisor Education in the industry. You can contact him at www.jamiehopkins.com or follow him on twitter @retirementRisks.