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In this episode, we ask:
- Who are Brandon and Amanda Neely?
- Grandma’s Wealth Wisdom Podcast
- What is the F.I.R.E. strategy?
- What does F.I.R.E. stand for?
- How does one know they’re F.I.R.E.d?
- How do you calculate your freedom number?
- What are the pros of people going for this strategy?
- What are the downsides of F.I.R.E. ?
- What things do the F.I.R.E. people take off the table?
- If someone was trying to retire early, how does one avoid the pitfalls?
- What are the F.I.R.E. extinguishers?
- Have you considered Tax Deferred Plan penalties?
- Have you considered the Stock Market risks?
- Have you considered the possibility of tax increases?
- Have you considered the possibility of rising inflation?
- Have you considered the fees?
- Have you considered future medical expenses?
- Have you considered Long Term Care expenses?
- Have you considered unexpected large expenses?
- Have you considered opportunity cost?
- What are the perfect matches – the F.I.R.E. starters?
- Bank on Yourself type life insurance policies
- Access the money without penalty
- Uninterrupted compound growth
- No double tax payments
- Hedge against inflation
- Pay fees up front
- Coverage for Long Term Care
- Can make large purchases
- Have growth continuing while you use the money for expenditures
- What are other options?
- Why is access without penalty crucial?
- What did Brandon and Amanda do with their dividend paying whole life insurance policy?
- How did this put them in a really good position?
- What would Grandma say about this concept?
- Did a single Grandma own a 401(k)?
- What does retirement look like?
- Contact Brandon and Amanda and subscribe to the Grandma’s Wealth Wisdom podcast at GrandmasWealthWisdom.com
Amanda and Brandon Neely are small business and financial professionals. They founded and ran Overflow Coffee Bar, L3C from 2008 through 2018. Now, they share their experiential knowledge through podcasting and through developing personalized financial strategies for individuals and couples. Their goal is to help people build wealth – the sort of wealth that would make their Grandma proud. Subscribe to hear more at Grandma’s Wealth Wisdom podcast or wherever great podcasts are found.
Debbie Wilder is a Bank on Yourself Authorized Advisor; prior to this she was a Systems Analyst for 20 years. Financially, she and her husband did everything they were told to do – 401(k)s, IRAs, 529’s for their kids, paid their mortgage down faster, and so on. And where did it get them? On the stock market rollercoaster, losing 40% of their assets in 1999, and even more in the early 2000’s. In 2005, Debbie learned about the Bank on Yourself method using specialized whole life insurance, and she never looked back. It stopped the slide of their retirement assets, it created predictability for their future, her husband stopped watching the daily tickertape, and most importantly, it saved their marriage. After opening 13 whole life insurance policies, she decided to help spread the word and become an Authorized Advisor. She always wondered why this was not taught in high school or college, so she’s passionate about educating others about it.
Teresa Kuhn, a respected financial educator, best-selling author, and strategist; is passionate about ensuring that her clients have the tools they need to survive a changing economy. 
