You’ve heard about the flexibility Infinite Banking provides, but you might be wondering: Can I pull income from my IBC plan in my retirement?
The short answer is a resounding “Yes!”
But there are a few things you’ve got to keep in mind before you rush to take out funds.
That’s why in this episode I’ll explain how it works, and what to watch out for so you don’t make a very expensive mistake.
Listen now!
Show highlights include:
- What’s the difference between building a policy in a more traditional way vs. building for IBC. (2:00)
- Will Dave Ramsey ever like Whole Life insurance? Why Valerie thinks he’d never admit it, even if he secretly changed his mind. (6:00)
- “Should I go for a low base premium?” Why this trend is a choice you’ll regret. (8:06)
- How to balance your policy so you aren’t low on cash when you need it the most. (9:51)
- A whole life contract you don’t have to pay premiums on for your whole life? It’s possible! Details here. (10:32)
- Why the strategy for repaying loans to yourself changes once you hit retirement. (11:32)
- Two lurking dangers waiting to ruin you if you don’t structure how you borrow against your policy. (12:20)
- What a policy lapse is, and why it’s especially bad if you’re in retirement age. (15:04)
- 10 years away from retirement. Is it too late to prepare? Valerie’s answer. (15:42)
Reach out to me:
valerie@alphaomegawealth.com
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
