Comprehensive Wealth Planning: Using Life Insurance for Retirement and Legacy Planning with Tom Wall - 470

Profit with Law: Profitable Law Firm Growth

Send us a text

Shownotes can be found at https://www.profitwithlaw.com/470.

How can whole life insurance pave the way for generational wealth?

Join Moshe Amsel and Tom Wall, a keynote speaker and expert in permanent life insurance-based strategies as they share their insights on how whole life insurance can be used as a tool for retirement, tax strategy, and wealth creation. Moshe and Tom delve into the advantages of whole life insurance beyond just coverage for loved ones, exploring its potential as a conservative asset with tax-free growth and as a liquidity tool for business owners and real estate investors.

Listen now to learn how to leverage whole life insurance as a strategic asset in achieving generational wealth!

Chapters:

[00:00] Introduction to Tom Wall

[05:35] When Business Owners Should Consider Whole Life Insurance

[12:00] Can You Retire on Your Policy’s Cash Value?

[14:32] Borrowing & Tax Benefits: Using Whole Life Insurance as a Business Asset

[21:28] 401(k) vs. Whole Life

[30:49] Managing Risk, Taxes & Access: Why Whole Life is the Best “Boring” Money

[41:31] Tom’s Parting Piece of Advice

Resources mentioned:

Book your FREE strategy session today!: profitwithlaw.com/strategysession

Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here

Connect with Tom Wall: Instagram | LinkedIn

Permission to Spend: Maximize Your Retirement with the Best-Kept Secret in Personal Finance by Tom Wall - https://www.amazon.com/Permission-Spend-Maximize-Retirement-Best-Kept/dp/1959840215

Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/

To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].

Connect with Moshe on:

Facebook - https://www.facebook.com/moshe.amsel

LinkedIn - https://www.linkedin.com/in/mosheamsel/

Chapters

1. Introduction to Tom Wall (00:00:00)

2. When Business Owners Should Consider Whole Life Insurance (00:05:35)

3. Can You Retire on Your Policy’s Cash Value? (00:12:00)

4. Borrowing & Tax Benefits: Using Whole Life Insurance as a Business Asset (00:14:32)

5. 401(k) vs. Whole Life (00:21:28)

6. Managing Risk, Taxes & Access: Why Whole Life is the Best “Boring” Money (00:30:49)

7. Tom’s Parting Piece of Advice (00:41:31)