Jun 8, 2021
Why You Need Both Offense & Defense in Your Financial Strategy
- BRT S02 EP23 (70) 6-6-2021
What We Learned This Week
- Balance in a Financial Plan – Combo of Offense & Defense, Synergy of the Mix
- Offense – Stocks, and other growth Assets, Real Estate rental property, owning a business, etc.
- Defense – Tax Protection (moving $ to a Tax Free Position), Insurance strategies
- Tax Buckets, broken into 3 categories of taxed (income), tax deferred (401K), tax free (Roth)
- Tax Free Matching – using Leverage of 3 to 1 to increase a retirement strategy and get 60% more income
Guest: Denver Nowicz,
President - Wealth For Life
http://wealthforlife.net/
Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.
Offense – Denver tell us why you should invest in growth assets, and that stocks are one of the best to stay ahead of inflation
Defense – Why defense is so important, and how Insurance strategies and the IUL, can help, what characteristics does an IUL have and why Denver recommends it, compares to it an uncapped Roth IRA with even more benefits
Tax Protection – Tax Buckets, broken into 3 categories of taxed (income), tax deferred (401K), tax free (Roth), understanding the differences, and where your funds are currently, and options thru insurance products to move more $ to a tax free position
3 to 1 Matching (Tax Free Matching) – one of Denver’s favorite strategies thru insurance, more for upper level earners who have a long term horizon
Notes:
Offense – stocks and returns, past year and Covid economy (Black Swan rare event), rise of tech, disruption of business and investments, and standard stocks
Tactical strategy, hold 20 positions and can pivot quick to re-opening plays like oil, industrials, and banks from tech early 2021
No overly technical jargon, just simple investing in good companies with strong balance sheets, and low debt
Defense – why defense is so important, and how Insurance strategies and the IUL, can help, what characteristics does an IUL have and why Denver recommends it, compares to it an uncapped Roth IRA with even more benefits, says should be 25% of your portfolio
Returns of 6 – 8% historically tax free (like 10% taxed investment)
Defense wins championships, think of a pyramid with a strong base, and that is the defense part
Synergy with Offense (& Defense) to have a combo of both techniques, not ‘all or nothing’
Assets like real estate, insurance, gold, Bitcoin, CF business
IUL – lock in gains, yearly reset, uses options strategy so $ not in the mkt
Tax Protection – tax buckets, broken into 3 categories of taxed (income), tax deferred (401K), tax free (Roth), understanding the differences, and where your funds are currently, and options thru insurance products to move more $ to tax free position
You are partnered with the Gov’t on taxes and they can decide how to much you need to pay and when they want to change it
3 to 1 Matching (Tax Free Matching) – one of Denver’s favorite strategies thru insurance, more for upper level earners who have a long term horizon
CF arbitrage with low risk asset and 3 to 1 leverage to enhance your invested $
Banks loan the $ to the insurance co. with the policy as collateral, 5 & done, then banks keeps funding with loan paid off in 15 years, no guarantees, no loans – like an unlimited Roth
5 (year buildup) and done, recapture time, try the sample calculator
Link to Taxes Show on 10/31/2021 w/ Denver: Here
Link to Shows, Denver was a Guest: Here
Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement
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