Kim explains three strategies and their upsides. Todd focuses on the benefit of life insurance to maximize the strategies effectiveness. Finally, they discuss resources available through Partners 4 Prosperity that explores these strategies further. Is your financial strategy allowing you to have your cake and eat it too? Find out on today’s episode of the Prosperity Podcast.
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[0:32] Have Your Cake and Eat it Too Strategy
[4:19] Strategy 1: Pay Down, Spend Down
[5:53] Using the Life Insurance Benefit
[6:55] An Alternate Giving Strategy
[9:56] The Permission Slip
[9:38] Type of Life Insurance to Utilize
[11:02] Strategy 2: Reverse Mortgages
[12:38] Using Other Types of Assets
[13:40] Strategy #3: Charitable Remainder Trust
[15:39] Live Your Life Insurance
[16:38] When is it Too Late?
[17:35] Where to Start – Ask for Permission to Spend Special Report
[19:22] Financial Planning Has Failed
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