Frequently Asked Questions
No, it does not. While each professional’s time is extremely valuable, they receive their compensation when you implement the Live Abundant financial strategies. They receive this compensation directly from the financial institutions where you have your money. Live Abundant and your financial professional never touch your money.
While there is no specific "amount" required to meet with our firm, we take each case as it comes. We work with very high net worth individuals and those just beginning to accumulate assets.
Our job is to help you understand where you are at, so you can get to where you want to go. In some cases these strategies may NOT be a fit for you, depending upon your current financial circumstances. Generally speaking, if you don't have lump sums accumulated, we recommend at least $500 per month.
When you call or fill out the form, we will be able to better answer this question and help you discover the best plan of action.
Yes, you can. We have clients in 47 out of 50, we meet via the internet with on-line meetings, by phone, e-mail and when possible face-to-face. This method has worked successfully with many of our nationwide clients for many years.
To be clear, the tax advantages of max-funded, tax-advantaged insurance contracts are no secret. They are, however, complex for the average financial advisor or financial professional to implement without years of research and training. Unfortunately, many advisors or accountants who “haven’t done their research” can end up demonstrating a resistance to these contracts, based on uneducated or limited opinion versus fact, especially regarding the tax benefits and internal rate of return that can be achieved.
Absolutely not, Max-funded, tax-advantaged insurance contracts have been used by the wealthy, both personally and in business, to protect and perpetuate wealth for decades. The IRS has fully defined these benefits within Internal Revenue Code sections 7702, 72(e), and 101(a).
Absolutely not, Life insurance policies are not investments and, accordingly, should not be purchased as an investment.
While Roth IRA tax treatments are great, they come with two significant downsides.
1. Your Money is often at Risk in the Market: Often the money inside a ROTH is at risk in the stock market. Having your principal at risk is a mistake millions of Americans are making with their retirement nest eggs. A terrorist attack tomorrow could cause consumer confidence and fund values to plummet. Overnight your retirement dreams could become a nightmare, due to insufficient funds.
2. Too Many Strings Attached: Government-sponsored investments, such as Roth IRAs, come with strings attached. For example, with a Roth IRA, you’re limited on the amount of money that you can set aside for your retirement years. As of 2016, $5,500 ($6,500 ages 50 or older) is the maximum amount you can save per year. Many who are laser-focused on saving for retirement or have higher net-worth are frustrated by this limitation.
As you start to take distributions from your traditional IRA and 401(k) during retirement, there is a very real chance that you might have similar income or lower, but still end up paying substantial percentages to Uncle Sam, due to most of your deductions being gone. Think about it; your children are no longer dependents on your tax forms, your house is paid off, and you’re no longer contributing to your 401(k). If you owned a business earlier, you’ve most likely sold it or are not involved, thus losing the tax deduction there, as well.