The Infinite Banking Concept: Becoming Your Own Banker

Nick Gorden – Mortgage Professional

Wealthonomics — Mon, 27 Feb 2012 17:28:53 +0000

Nick Gorden is a part of Legacy Lending group, one of the top producing Loan Brokerages in the Treasure Valley. In this podcast, we sit down with Nick and discuss some of the reasons for the collapse of the subprime market in 2008, and what that means for us today.

Click to Listen

Infinite Banking Explained

Wealthonomics — Thu, 23 Feb 2012 21:29:19 +0000

In this video, Dan Thompson goes into the Infinite Banking Concept and exactly what it entails. There are a lot changes forthcoming as it relates to government, taxes, banking and other areas. We have a lot to be concerned about, and Dan explains how Wealthonomics utilizes the Infinite Banking Strategy to eliminate losses and take control of your finances.

He also goes into why permanent life insurance is the most valuable place to create your private banking system.

Wealthonomics: Becoming Your Own Bank Videos

Wealthonomics — Sat, 18 Feb 2012 18:04:20 +0000

If you haven’t checked out our video series yet, make sure you do… its at youtube.com/becomingyourownbank

Wealthonomics.org

Wealthonomics — Sat, 18 Feb 2012 17:38:38 +0000

For those who haven’t had a chance to visit us at Wealthonomics.org, make sure you do. We have a lot of information about our current economy and what things we are seeing out there. Check it out –> Wealthonomics

Barbara Dopp – Real Estate Expert

Wealthonomics — Tue, 14 Feb 2012 19:15:59 +0000

Nick sits down with Treasure Valley real estate expert Barbara Dopp to discuss real estate trends, current market conditions and her opinions on where the real estate market is headed.

Click to Listen

The Illusion of Tax Deferral

Wealthonomics — Mon, 13 Feb 2012 21:46:18 +0000

Millions of American’s contribute to tax deferred accounts on a monthly basis, in fact, thanks to the Pension Protection Act, you are now automatically enrolled in a 401k when you start a new job. These types of accounts do 2 things:

-Defer the tax
and
-Defer the tax calculation

Keep in mind you are not saving those taxes, you are simply saving them inside your account, only to pay them at a later date. If you draw income at a lower tax bracket then the one you contributed with, you have won. If you draw income at a higher tax bracket, you have lost.

Here are the issues…

We are in some of the lowest tax brackets historically in our nation. With changes in the dollar, enormous national debt, excessive government spending, and massive future obligations (medicare), taxes may have no where to go but up. Aside from those large issues, how does your personal tax situation change from now until retirement? Chances are you have more deductions and exemptions today then you ever will have in the future. Mortgage interest, children at home, the list goes on. If you have even a similar income in the future, your lack on deductions and exemptions will automatically kick you into a higher tax bracket, even at today’s tax levels.

When these type of accounts originated over 30 years ago, tax brackets were high. You could pay up to 70% in taxes (Tax Brackets 1950-1980. To retire at a lower tax brackets was already planned, most worked for one company, and had an idea of what their pension would be at retirement. We do not live in the same economic environment as we did 30 years ago. Today, postponing taxes means, more than likely, that you will lose in your government sponsored plan.

Where Do You Put The Majority Of Your Retirement Savings?

Wealthonomics — Mon, 13 Feb 2012 21:45:33 +0000

In this podcast, Jake, Josh, and Nick explore a retirement poll they conducted on Linkedin. With an overwhelming 57% still in mutual funds and stocks, this poll says a lot about how little education we have in relation to stock market alternatives.

Click to Listen: Where Do You Put The Majority Of Your Retirement Savings?

Financial Stories: Phil and Sue Macartney

Wealthonomics — Thu, 09 Feb 2012 19:23:21 +0000

In this podcast, we hear the financial story of Phil and Sue Macartney as they are making the transition from working years to retirement years, and the things they wish they would have done differently.

Click to Listen: Financial Stories: Phil and Sue Macartney

The 401k

Wealthonomics — Mon, 06 Feb 2012 18:30:20 +0000

In this podcast we discuss how and why the 401k was created. We also discuss the new economic environment and how today it might not be the same decision it was 30 years ago.

Click to Listen: The 401k

Here is the table referenced in the podcast:

Purchasing Strategies: The Debtor, The Savor, The Wealth Creator

Wealthonomics — Mon, 06 Feb 2012 17:39:37 +0000

In this podcast, Jake, Josh, and Nick from Wealthonomics discuss how to handle major capital purchases, and the fundamental differences between the Debtor, the Savor, and the Wealth Creator.

Click to Listne: Purchasing Strategies: The Debtor, The Savor, The Wealth Creator