Not Your Average Financial Podcast™

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

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

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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)

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

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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

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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 349: The Heirs or The IRS?

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In this episode, we ask:

  • What annual day did Americans just survive?
  • Where do you pay tax?
  • Who pays the most in lifetime taxes?
  • Who pays the least?
  • What about your heirs?
  • Do you want theirs or your heirs to get the money?
  • What is legally required?
  • Would you like to hear Episode 199?
  • What are the steps?
  • What about income tax?
  • What about assets that force an income?
  • What about assets you can borrow against?
  • What about collateral?
  • What about the tax to your heirs?
  • Is this only for the ultra-wealthy?
  • What are some ideas?
  • What happens when the laws change?
  • What about BITA?
  • What about taxing the rich?
  • How does this affect the middle class and less wealthy?
  • What about estate tax?
  • What about interest rates?
  • What about a mindset shift?
  • Are there capital gains on life insurance?
  • What are the problems?
  • What is guaranteed to grow?
  • What is not guaranteed to grow?
  • What happens if you find yourself underwater?
  • What about liquidity?
  • What about compounding?
  • What assets compound?
  • How about an example?
  • What about the power of compounding growth?
  • What are the opportunities?
  • Is everyone going to be able to save enough money?
  • What about saving a modest amount?
  • What are billionaires doing with their stocks and real estate?
  • What are the quick takeaways?
  • What are the strategies?
  • What about the risks with common strategies?
  • What about whole life insurance?
  • What about reducing your tax burden now?
  • What about a Bank on Yourself® type whole life insurance policy?
  • Would you like to visit notyouraverage.mn.co?

Episode 348: What Your Other Advisor Will Say

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In this episode, we ask:

  • Would you like to see videos?
  • Do you have an existing advisor?
  • Can Mark predict what they will say?
  • What are the motivations beneath their comments?
  • What is it hard for them to hear?
  • Can the other professional build a knock off version?
  • What is completely normal?
  • What about fewer fees?
  • What about the loss of big commissions?
  • What is the motivation?
  • What process happens with a transfer form?
  • Do you have a similar product?
  • What are the fees?
  • What are the taxes?
  • Who knows how to build a Bank on Yourself® type whole life insurance policy correctly?
  • What about guarantees?
  • Can Mark sign a guarantee?
  • Would they be able to sign a guarantee?
  • What about the disclosures?
  • What about the market-based advisor?
  • Would you like to hear Episode 36?
  • What’s on the internet?
  • Where is that advice coming from?
  • Do they have your best interest at heart?
  • Are they obligated to consider your best interest?
  • What is the problem exactly?
  • Is their situation just like yours?
  • Does your kid have financial advice for you?
  • What about death benefit numbers?
  • How about a review?
  • What about the financial infotainers?
  • What is the misunderstanding?
  • What is the doubt?
  • What is the major flaw?
  • What about the crab bucket?
  • With whom do we work?
  • What is the good, the bad and the ugly?
  • What are the concerns?
  • What are the expenses?
  • What about your beliefs?
  • Who will be here for you?
  • What about insurer’s statistics and backing?
  • What about state’s sources?
  • What happened?
  • What questions do you need to ask your advisors? (Send your stories and answers to hello@nyafinancialpodcast.com!)
    • Have you ever lost your clients in the past? If so, how can I be guaranteed that you won’t lose my money in the future? Can you put that guarantee in writing?
    • Where do you think tax is going in the future, down or up? How will you protect me from (excess) taxation over my lifetime?
    • Can you know for certain what the market will do over the next 40 years, or even this year?
    • What can you do to help me grow my net worth and my business, if banks decide to reduce or takeaway my line of credit?
    • What are your fees? Do you promise to eliminate them completely when you lose my money in the market?
    • What are you doing to completely protect me from market downturns?
    • What are you doing to completely protect me from creditors if my business fails?
    • What is your plan for me when I bring on equity partners and eventually sell my business?
  • What would you like to discuss further?
  • Would you like to meet with Mark?

Episode 343: The Money Matrix with Len Renier (Part 1)

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In this episode, we ask:

  • How do magicians make the impossible, possible?
  • Have you heard financial advisors act like magicians?
  • Do you want your financial advisor to retire before you?
  • What don’t you see?
  • Who is Len Renier?
  • What is the Wealth and Wisdom Institute?
  • What about knowledge?
  • What about wisdom?
  • Would you like to learn about hiddenomics?
  • What about time?
  • Will you inherit the financial challenges in your life?
  • Will you inherit the financial solutions?
  • What do you see? What don’t you see?
  • What will impact your financial future?
  • What about Len’s book, Double Jeopardy?
  • How about a story?
  • What financial accident will occur?
  • What are the five core elements?
    • Risk
    • Taxes
    • Regulation
    • Inflation
    • Depreciation
  • Which of these five elements do you control?
  • Does your 401(k) solve these problems for you?
  • When can you create a brand new ending?
  • What are the critical stages?
  • What is the role of the government?
  • How much did they collect in income tax?
  • Do you believe it’s a good idea to defer tax until a later date?
  • What about the debt issue?
  • What about the unique inflation situation?
  • How do they measure inflation?
  • What about the cost of energy and food?
  • What was the two year inflation rate (as of Autumn 2023)?
  • What about credit cards?
  • What is losing value?
  • Is accumulation buying power?
  • How about an example?
  • What about buying power?
  • How about a qualified plan example?
  • What about the hidden elements?
  • Why is ownership important?
  • What about reducing the element of risk?
  • What questions do you need to ask?
  • What about the money matrix?
  • What about owning the number now?
  •  What are the action steps?

Leonard Renier studies the economic trends and shifts and the impact of government programs and regulations on the social fabric of our country. His research has resulted in bringing a new awareness to the financial challenges the average American faces. Leonard is considered an expert in communicating these challenges and believes with more information; people will make better life decisions. As founder of the Wealth & Wisdom Institute, Leonard recognized the importance of Education, Discovery and Understanding. He has been involved in the financial services industry for over 30 years.

Episode 339: How Bank on Yourself® Solves the Four Greatest Dangers to Your Retirement

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In this episode, we ask:

  • Who do you know who needs to hear this?
  • Would you like a free book?
  • What are the four greatest dangers to your retirement?
  • Did you hear Episode 338?
  • How does the Bank on Yourself® type whole life insurance policy solve these dangers?
  • What does Pamela Yellen do to protect the intellectual property and quality of the Bank on Yourself® brand?
  • Are you getting a correctly and properly designed dividend paying whole life insurance policy?
  • Did you buy an incorrectly designed policy? Would you to book a meeting with us to get a second set of eyes on that policy?
  • Are you working with a Bank on Yourself® Professional?
  • Would you like to hear Episode 160?
  • What about predictable guaranteed growth, liquidity and tax advantages?
  • When do you need money most?
  • Where does the guarantee come from?
  • What about dividends?
  • How long have our companies been paying dividends?
  • What is the minimum amount of saving you will have on the day you plan to retire?
  • Who audits the life insurance companies?
  • How rare is it for insurance companies to go bankrupt?
  • Who backs the insurance companies?
  • Are banks a safe place to keep money?
  • How many banks failed in 2008?
  • What happened to the deposits of those banks?
  • Who bailed them out?
  • Pop quiz?
  • How many life insurance companies failed in 2008?
  • What happened to Lincoln Memorial Life Insurance?
  • What was the result for the policy holders?
  • What is Bank Owned Life Insurance?
  • What did an FDIC report show about bank’s life insurance holdings?
  • How much cash value is on the balance sheet of these banks?
  • What are banks doing with their money?
  • What about fees and cost surprises?
  • What happens in a traditional retirement account with fees of 1%?
  • How much is paid to life insurance agent as commission?
  • Which one costs more?
  • Which one goes on forever?
  • Which one has a stop loss?
  • Who gets guarantees?
  • Why would Bank on Yourself® Professionals take reduced pay?
  • How much of your cash value can you access?
  • What are the RMDs on whole life insurance?
  • Who is in complete control of the money in a life insurance policy?
  • What do you finance?
  • Who pays interest?
  • Who earns interest?
  • What about assets under management (AUM)?
  • What about all of the dollars you pay in expenses throughout your life?
  • What is the required repayment scheduled on life insurance cash value loan balances?
  • Can your money do two things at once?
  • What is compounding and growing?
  • Who offers these unique products?
  • What about self financing?
  • Are you constantly interrupting the growth of your money because you need to buy stuff?
  • Is there a better way?
  • What are some famous examples of successful business owners?
  • What happened following the 1929 stock market crash?
  • Does having money safe, liquid, growing at a competitive rate without market risk, take away any of your options?
  • Doesn’t it give you more options?
  • What are the multiple tax advantages?
  • Do you know what your tax bill will be?
  • What about the tax on social security?
  • Is income taken from your policy taxable?
  • What about medicare premium?
  • What about business owners financing business expenses?
  • What about the death benefit?
  • What do you want your money doing for you?
  • Does your strategy give you guaranteed growth?
  • Does your strategy lock in your principal in growth?
  • Does your strategy give you control over your money?
  • Does your strategy let you use your money without penalty?
  • Does your strategy give you a tax free retirement income?
  • What gives you more freedom?
  • What about Roth accounts?
  • What about life insurance policies?
  • Does your strategy let you access your money without liquidating your cash?
  • What are the restrictions on 401(k) loans?
  • What hardship happens if you lose your job?
  • What is truly unique in the financial universe?
  • Would you like to hear more in Episode 205 and Episode 206?
  • Does your strategy finish funding yourself if you die prematurely?
  • Does your strategy let you know the minimum guaranteed value of your savings?
  • Does your strategy give you a plan where you can count on it?
  • What works to your advantage in every single instance here?
  • What do you want your money doing for you?
  • How about some case studies?
  • What makes sense in your situation?
  • Why work with Mark Willis, CFP®?
  • What is key to making sure your policy is designed properly?
  • Do they have the right credential?
  • Would you like some personalized reports?
  • Would you like to schedule a meeting?

Episode 338: The Four Dangers of Conventional Retirement Plans and What to Use Instead

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In this episode, we ask:

  • How about getting back to basics?
  • Do you need a PhD to be successful?
  • Who can opt out of the insanity?
  • Has conventional retirement planning failed us?
  • Have 401(k)s failed?
  • What happened to pensions?
  • Is it up to us?
  • What is the cost of care?
  • What are the problems?
  • Do you believe there will be another major market crash?
  • Who has changed their behavior?
  • Who is guaranteed to get paid?
  • What is sequence of returns risk?
  • What about the 4% rule?
  • What did Wade Pfau say?
  • What about a 2.8% withdrawal rate look like?
  • What will you need?
  • How many years of savings do you have set aside?
  • What are your investments going to be worth?
  • How many of us will live past age 90? …age 95?
  • What might eat away at your savings?
  • How much are you actually paying in fees?
  • What about compounding?
  • Are fees transparent?
  • Are fees baked in?
  • Are you seeing all of the fees?
  • How might we lower fees?
  • What about index funds?
  • What about no load index funds?
  • Is your money locked up?
  • What about penalties?
  • What about employer restrictions?
  • Who can change the rules whenever they want?
  • What about bank robbers?
  • What about the tax time bomb?
  • What about deferral?
  • Is it ever a good idea to defer a root canal?
  • Would you like to hear Episode 30?
  • Who are you underwriting?
  • Where will the government get the money?
  • What will happen by 2045?
  • What about social security?
  • What about medicare?
  • What will be insolvent?
  • Is there any way to avoid these dangers?
  • What is safe and predictable?
  • What about guarantees?
  • What did Mark discover through his financial education as a Bank on Yourself Professional and Certified Financial Planner®?
  • How is Wall Street like a crazy rollercoaster?
  • What is high cash value, dividend paying whole life insurance?
  • How has this been around for centuries?
  • What about Bank on Yourself® type whole life insurance policies?
  • How is this different from other types of life insurance?
  • Would you like to read the Bank on Yourself Revolution by Pamela Yellen? 
  • Are you too sick?
  • Are you too old?
  • Who started a life insurance policy at age 85?
  • What did the father of the 401(k), Ted Benna say?
  • What is a monster?
  • Where does Ted Benna put his money now?
  • Why would he recommend that?
  • What problems does that solve?
    • What about predictable and guaranteed growth?
    • What about control of your money?
    • What about liquidity and access to the money?
    • What about multiple tax advantages?
  • Who need to hear this episode?

Episode 335: [The Periodic Table of Abundance] No.6 Building a Better World through Business Ownership, Tax Strategy and Giving

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In this episode, we ask:

  • What about more tools in your tool belt?
  • Have you listened to the previous episodes in this series?
    • Would you like to hear Episode 330: No.1 Scaling Up and Overcoming Adversity?
    • Would you like to hear Episode 331: No.2 Money Team, Family Finance and Estate Planning?
    • Would you like to hear Episode 332: No.3 Liquidity and Cash Flow?
    • Would you like to hear Episode 333: No.4 Secrets of Leverage with Insurance and Banking?
    • Would you like to hear Episode 334: No.5 Achieve Your Ultimate Potential with Investing and Real Estate
  • What did Robert Kiyosaki say in the book Cashflow Quadrant about business ownership?
    • What are the downsides of being an Employee?
    • What about the Small Business Owner?
    • What about the Business Owner?
    • What about the Investor?
  • Where is the risk?
  • Who can set their own income?
  • Who will get your business?
  • What you like to hear Episode 177?
  • What happens when you make more money in your business?
  • What about tax strategy?
  • What about incorporating your business?
  • What about research and development credits?
  • What about hiring?
  • What about the U.S. Debt Clock?
  • Who has something saved?
  • Where is Congress going to get the money?
  • How does income affect tax in retirement?
  • What did Doug Peacock say?
  • Would you like to hear Episode 86 and Episode 87?
  • What happens when you give to charity?
  • What can boost your abundance?
  • What about the law of expectations?
  • What about a feedback loop of abundance?
  • How do you choose the charity to support?
  • Would you like to visit charitywatch.org?
  • Would you like to visit givewell.org?
  • What about the power of collateralization?