Jul 15, 2019
In episode 173 of Financially Simple, Justin asks if, as a Business Owner, you should get a Life Insurance policy to fund your retirement.
There can be many pitfalls and some confusion when getting a Life Insurance policy - but what if you were to invest the money instead? Justin answers this question and gives advice and examples of what the alternatives are.
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01:37 - Should I Purchase a Life Insurance Policy to Fund My Retirement?
03:07 - Life Insurance Retirement Plans
05:22 - Are LIRPs Bad?
05:39 - Case Example
13:12 - Alternatives to Life Insurance: As an Investment
16:34 - Listen to the Talking-heads
18:12 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.
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