Strategies For Getting the Most Out of Your Assets in Retirement

P4P038-PermissionToSpendKim Butler and Todd Strobel dive into financial strategies to best utilize your assets by actually spending down your taxable assets first, and relying on non-taxable assets later in life.

Kim explains three strategies and their upsides. Todd focuses on the benefit of life insurance to maximize the strategies effectiveness. Finally, they discuss resources available through Partners 4 Prosperity that explores these strategies further. Is your financial strategy allowing you to have your cake and eat it too? Find out on today’s episode of the Prosperity Podcast.

 

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:32] Have Your Cake and Eat it Too Strategy

[4:19] Strategy 1: Pay Down, Spend Down

[5:53] Using the Life Insurance Benefit

[6:55] An Alternate Giving Strategy

[9:56] The Permission Slip

[9:38] Type of Life Insurance to Utilize

[11:02] Strategy 2: Reverse Mortgages

[12:38] Using Other Types of Assets

[13:40] Strategy #3: Charitable Remainder Trust

[15:39] Live Your Life Insurance

[16:38] When is it Too Late?

[17:35] Where to Start – Ask for Permission to Spend Special Report

[19:22] Financial Planning Has Failed

[19:25] Wrap-Up

[21:12] Outro

Tweetables:

Do you know how to spend your principle, save a fortune on taxes, increase your cash flow, and never run out of money? Find out here. Click To Tweet Spending the interest and principle of a fixed account may seem counter-intuitive, but it can lower your taxes and give you more to spend. Click To Tweet If you have permanent life insurance with a guaranteed death benefit then you have more freedom to do what you want to with your assets. Click To Tweet

transcriptionbutton

 

Get Your Prosperity Accelerator Pack Today! Sign up to receive our ebook, Financial Planning Has FAILED as part of your free Prosperity Accelerator Pack now.

Subscribe to the Prosperity Podcast

Subscribe with iTunes   stitcher64x64   Subscribe with RSS

There are multiple ways to subscribe to our podcast. Pick your favorite above: iTunes, Stitcher, or RSS feed. You can also listen to past episodes on our website.

Contact us to get your money working harder for you today!