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Episode 139: Infinite Banking: Paying Your Taxes and Building an Asset with the Same Money
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Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Visit our website:
https://www.thewealthwarehousepodcast.com/
It’s that part of the year we all dread.. tax time.
Maybe.. It doesn’t need to be such a drag in the first place – if you have a plan in place for how you can properly place and sequence your money for maximum benefit come tax season.
This week’s episode also takes you through Paul’s very own strategy and how he’s addressing his tax obligations with his own banking system.
Episode Highlights:
0:00 - Introduction
1:13 - Episode beginning
4:02 - Life insurance and your “future value”
5:02 - Real world example of the IBC thought process
5:45 - “Tax time” for Paul
7:58 - Dealing with the upcoming tax bill
11:39 - Running cash through your policies
18:20 - Premium deposit fund
21:33 - The ultimate combo..
23:23 - Funding the premium long-term
25:21 - Privacy
32:11 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Visit our website:
https://www.thewealthwarehousepodcast.com/
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
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