Belk On Business

Tom Laune with Bulletproof Wealth – Tom is described as “The leader in guiding real Estate investors to become their own banker”. He does this by solving the problem of low returns and increased taxes when storing money in a traditional bank by creating a line of credit using specially designed life insurance. We hear a lot about legacy strategies but a lot of misunderstanding as it relates to what this actually means and what such things as “overfunded life insurance” or “infinite banking” mean and how they work. 1) What is infinite banking? 2) Who should be using this strategy? 3) IRA/401(k)s can be used to lend to others but can’t be used in my own company without serious tax implications. How does this strategy allow me to use my cash to grow my company? 4) Besides lending to my company, what are the other ways I can use the money? 5) What are the tax implications both with the premium payments (both the premiums and paid in additions) as well as the principal and interest loan repayments? 6) Your Bulletp