HOW TO KEEP YOUR RETIREMENT MONEY SAFE IUL’S SAFETY FROM THE STORM
SETTING BOUNDARIES FOR TEENS
Inflation is high, the highest it's been since the early 1980s. The Federal Reserve recently raised the rate another .75% to stave off a recession.
and during up years, your policy can grow tax-free.
This kind of safety is possible thanks to indexing, which allows your money to be LINKED TO the market, while not actually IN the market. So what do you do if you want to move money out of your 401(k)s and IRAs into the liquidity, safety, predictable rates of return, and tax advantages of IUL LASER Funds? This is where you want to work with experienced IUL specialists, the experts who know that to be in accordance with tax laws, you can’t put that money in all at once. In fact, it takes about five years to satisfy what is called the Technical and Miscellaneous Revenue Act of 1988 (TAMRA). Experienced IUL specialists can help you decide how much of your money to reposition, and how to protect your money as much as possible while making that transition. And as the recent market turbulence shows, it’s important to take steps now to create a stronger Financial Dimension tomorrow.
As children grow older, some tend to engage in more risky behaviors. These risks feel exciting but ultimately put them “below the line” in the zones of shame, blame, and justification, making them miserable. No parent or grandparent wants that! It’s your responsibility to teach your family the value of “dealing above the line” in the zones of accountability and responsibility. To do that, establish firm and fair boundaries using the tips below. CREATING BOUNDARIES THAT REFLECT YOUR VALUES You cannot simply say the rules — your actions must reinforce them if you want them to be followed. They must also reflect the positive values that mean the most to you, as they will influence how your family sees you. The clearer your values are, the easier it is to express and communicate them to older kids, and the more likely they are to follow along with the boundaries that respect those values.
To say folks are worried about where the market
might head — and what that volatility might do to their traditional retirement vehicles like IRAs and 401(k)s — is an understatement. Warren Buffett has two rules of investing. Rule #1: Don’t lose money. Rule #2? Don’t forget Rule #1. So how do you avoid losing the value of your traditional accounts in a possible downturn? If you haven’t already, you can do what thousands of our clients have done: protect yourself from market volatility by moving your serious cash out of traditional accounts and into a properly structured, maximum-funded Indexed Universal Life policy (what we call an IUL LASER Fund). With an IUL LASER Fund, you can benefit from liquidity, predictable rates of return, and an income-tax-free transfer of wealth when you pass away. What’s more, you can also enjoy safety — your policy is protected by a guaranteed 0% floor during market down-years,
Here is a list of core family values to consider:
• Positive relationships — whether that be with family members, friends, coworkers, or even strangers • Priorities — define what matters to your family first • Honesty — creating a judgment-free space to be open and speak freely • Responsibility — taking accountability for one’s mistakes • Respect — learning how to communicate boundaries effectively BE SUPPORTIVE, NOT ENABLING Supporting someone is helping them do something they might not be able to do themselves in the right conditions, whereas enabling is stepping in and mitigating consequences that would otherwise be a result of a negative choice. Enabling is an undesirable behavior that can occur when parents or grandparents give in to complaints or demands to avoid conflict. Instead of avoiding possible conflict, it’s best to support your family while they navigate through your rules. Allow them to have questions or make mistakes. That way you can provide a framework where they have the ability to act and make decisions on their own. Setting boundaries will help you abolish entitlement and empower the teenagers you love to cultivate all 3 Dimensions of Authentic Wealth. To read more about this process and set your family up for success,
Discover how an IUL LASER Fund can empower your
financial future. Order your FREE copy of The LASER Fund book here:
visit EntitlementAbolition.com and order Doug’s groundbreaking book, “Entitlement Abolition.”
385-257-2577 7
Made with FlippingBook Ebook Creator