Fantastic video, I wish I had seen this 50 years ago. OK, I'm English, but it doesn't matter what race you are you still have to beat the "Tax Man" at his own game and it's never too late to learn how to do it! The majority of financial advisers are just salesmen flogging a product, which they don't really understand and yet they get paid for being incompetent and their bosses get paid mega bucks for being even more incompetent.
i'm not a salesman...I'm a true wealth advisor...you have to understand money first before you can make recommendations. Dollar is not money...Farmground, Oil, Gold ,Silver, Alcohol, Palladium, Natural Gas you get the point....but do not buy paper assets
Ed....anything dollar is poison...Americans have such little time before hyperinflation destroys their life savings. No paper asset can pay you interest fast enough to keep up with the cost of living...study Weimar Germany, Zimbabwe, Budapest Hungary, chris Martenson, Peter Schiff, etc. etc
scrap all your IRA's 401(k)'s Profit sharing 403(b)'s pay the tax and buy physical gold and silver asap while you can...you have been warned.
Depression II coming due to dollar collapse. $14 Trillion National Deficit and growing $80 billion a month- RMG 449 agent advisors selling precious metals and growing...the cat is out of the bag
Finally! A tax professional that looks at the long term big picture! It's nice to find other professional in related fields do the forward thinking and advocating the living benefits of life insurance retirement plans and safe leveraging! Note what he said, "life insurance comes out income tax free, and if you are working with an advisor that really knows their stuff, it's estate tax free as well." Tax on tax is what eats away at your money!
Dave Ramsey promotes renting insurance and investing in mutual funds that you HOPE has a positive rate of return throughout your lifetime. Dave fails to mention that your rented term policy has no LIVING BENEFITS and that you have to pay Capital Gains Tax on those Mutual Funds. Sounds like Dave works for Primerica!
I have a question? If you exchange money for silver money and take the face value don't you realize a loss if so then would a Business realize a profit of a loss in face value.
Dave Ramsey tells you not to buy whole life insurance over the course of your lifetime because you could amass a much higher amount of money in mutual funds cash value by age of retirement. What Ed is saying is to take "retirement" money that you have already saved up and buy these life policies.. You have to understand what both Dave and Ed are saying. I would agree that Dave and Ed do have some differences of opinion. No doubt.
Follow the money with Suze and Dave - who are their biggest sponsors? Could it be Term Life companies? The whole, "buy term and invest the rest..." advice seems to come from folks who are compensated by Term companies - imagine that!
Somebody needs to send this presentation to Suzy Orman and Dave Ramsay so they can get a clue that permanent insurance isn't evil and actual has a place in peoples financial portfolios. A friend gave me the book he references in this clip "The Retirement Timebomb and How to Defuse It". Highly recommend it to anyone that has a 401K or IRA (which would be most of us).
Fantastic video, I wish I had seen this 50 years ago. OK, I'm English, but it doesn't matter what race you are you still have to beat the "Tax Man" at his own game and it's never too late to learn how to do it! The majority of financial advisers are just salesmen flogging a product, which they don't really understand and yet they get paid for being incompetent and their bosses get paid mega bucks for being even more incompetent.
TonyReadWizard 5 months ago
i'm not a salesman...I'm a true wealth advisor...you have to understand money first before you can make recommendations. Dollar is not money...Farmground, Oil, Gold ,Silver, Alcohol, Palladium, Natural Gas you get the point....but do not buy paper assets
go2thebeach 1 year ago
Ed....anything dollar is poison...Americans have such little time before hyperinflation destroys their life savings. No paper asset can pay you interest fast enough to keep up with the cost of living...study Weimar Germany, Zimbabwe, Budapest Hungary, chris Martenson, Peter Schiff, etc. etc
go2thebeach 1 year ago
scrap all your IRA's 401(k)'s Profit sharing 403(b)'s pay the tax and buy physical gold and silver asap while you can...you have been warned.
Depression II coming due to dollar collapse. $14 Trillion National Deficit and growing $80 billion a month- RMG 449 agent advisors selling precious metals and growing...the cat is out of the bag
go2thebeach 1 year ago
Finally! A tax professional that looks at the long term big picture! It's nice to find other professional in related fields do the forward thinking and advocating the living benefits of life insurance retirement plans and safe leveraging! Note what he said, "life insurance comes out income tax free, and if you are working with an advisor that really knows their stuff, it's estate tax free as well." Tax on tax is what eats away at your money!
JadeFrisvold 1 year ago
Dave Ramsey promotes renting insurance and investing in mutual funds that you HOPE has a positive rate of return throughout your lifetime. Dave fails to mention that your rented term policy has no LIVING BENEFITS and that you have to pay Capital Gains Tax on those Mutual Funds. Sounds like Dave works for Primerica!
TriangleRealEstate07 1 year ago
My Tax Free plan is going off!
theguysontheweb 1 year ago
I have a question? If you exchange money for silver money and take the face value don't you realize a loss if so then would a Business realize a profit of a loss in face value.
MrJacobTiffin 1 year ago
^implying roth ira's are taxed 2x
phatbimmer 1 year ago
Dave Ramsey tells you not to buy whole life insurance over the course of your lifetime because you could amass a much higher amount of money in mutual funds cash value by age of retirement. What Ed is saying is to take "retirement" money that you have already saved up and buy these life policies.. You have to understand what both Dave and Ed are saying. I would agree that Dave and Ed do have some differences of opinion. No doubt.
rapidtronics 2 years ago
Fuck Suzy Orman and her Fico score
solidyahoo 2 years ago 3
I'm looking for the rest of these series 1-3
does any one know where to get them, i don't see the first three.
melgarifico323 3 years ago 2
Follow the money with Suze and Dave - who are their biggest sponsors? Could it be Term Life companies? The whole, "buy term and invest the rest..." advice seems to come from folks who are compensated by Term companies - imagine that!
beldorian 3 years ago 2
@beldorian There are no "Term companies", every Whole Life company also sells Term.
TheRaistlinmajerie 11 months ago
@beldorian There are no "Term companies", every Whole Life company also sells Term.
TheRaistlinmajerie 11 months ago
@beldorian
There are no "Term companies", every Whole Life company also sells Term.
TheRaistlinmajerie 11 months ago
fuckin suzy orman and dave ramsay are two douche bags on earth!!! people need to start looking out for themselves and stop listening to just anybody!
AFGMotoGP3 3 years ago 3
Somebody needs to send this presentation to Suzy Orman and Dave Ramsay so they can get a clue that permanent insurance isn't evil and actual has a place in peoples financial portfolios. A friend gave me the book he references in this clip "The Retirement Timebomb and How to Defuse It". Highly recommend it to anyone that has a 401K or IRA (which would be most of us).
desmoluvr 3 years ago