Not sure how to manage your life so that you make money faster? David Osborn and Paul Morris are two men who know how to make PILES of money right now. They’ll talk about how to avoid money traps and how to accelerate your earning potential on today’s podcast.
We’ll also throw out the Haven Life Line to Derrick. She wants to get into the real estate market and is thinking about using a self-directed IRA. Is this a smart path to go down?He wonders about taxes. His spouse has started a side income job. Should they itemize their taxes or still take the standard deduction? Then we answer a letter from Ashley, who’s wondering about life insurance. Should they keep putting money toward their whole life policy or cancel it?
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Follow Paul on Twitter: @PaulMarkMorris
Follow David on Twitter: @IAmDavidOsborn
ORDER the book (and help your favorite podcasters get a new bean bag for the basement):
- When talking about mutual fund statistics, what does “alpha” mean?
<46:56> Haven Life Line
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Derrick has a few questions regarding deductions on him and his wife’s tax returns.
<50:25> Letters From the Mailbag
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
Ashley write in regarding a life insurance policy her husband’s grandfather took out for him –
- I recently found out the my husband’s grandfather took out a life insurance policy on my husband back in 1988. It was with Prudential and the policy was called Variable Appreciable Life. Since his grandfather has passed away in the 90’s my husband’s parents had been making the payments on this policy. Now that my husband is 40 they have given us the responsibility of making the payment. I have been trying to get more info on this policy but it has since been discontinued and the agent had no idea. We went to meet with him and all he did was call someone that never provided much info. In researching it on my own, I believe it is a whole life policy. Yikes! Here are the details. Premium payments $214 per year. Cash value $13,700, Death benefit $61,000. Can you provide any more details on what this policy is? Should we keep paying the premiums or cash it out?
<> Join us Wednesday
While we all should be enjoying our journey, the ultimate goal is to be retired on a soft beach, mojito in hand, right? That’s our plan anyway. On that note, we’re happy to announce our next Stacking Benjamins guest. It’s the man you know and (maybe slightly less than we do) love, The Retirement Answer Man: Roger Whitney. Tune in!