Reply to the Pamela Yellen critics
I think you all missed the point. She told you not to put all your eggs in one basket. Not all in the 401k. And then not all in one fund in the 401k. Ms Yellen for sure has an agenda with whole life insurance. But it is a particular kind she is referring to. Look up “infinite banking”. Personally i believe in using the 401K for everything up to the company match ( but not more). For those who are lucky enough to be able to use it. A Roth is another fantastic bucket. After that, using a life insurance policy as an investment vehicle (not just any whole or Universal life, but one specifically designed around the principles of infinite banking has been very powerful for me. You absolutely don't have to go with Ms Yellen’s solution. I did not ( but i do like her book). You do have to research infinite banking and who offers products that achieve it. And like she said. Its part of the plan. Not the whole plan.Read full review »
Up your 401k via Apple Podcasts · United States of America · 11/17/19
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