#taxexemptwealth

White Coat Investor on Whole Life Insurance

David H. Kinder, RFC®, ChFC, CLU

Jun 19, 2020
2 min

White Coat Investor on Whole Life Insurance

I could've sworn that I wrote about this article, but I can't find it. So it's better to just write it again than wonder where it is. Edit: here it is: https://www.dynamicadvancedwealth.com/post/life-insurance-myth-4b-i-can-get-cheaper-whole-life-with-vanishing-premiums The White Coat Investor has many articles showcasing his misunderstanding and common thoughts about whole life insurance. Many other agents try to combat with the author in the comments of those article

Suze Orman: 'You have to be crazy' to put your money in this investment

David H. Kinder, RFC®, ChFC, CLU

Jun 19, 2020
2 min

Financial Entertainers

Suze Orman: 'You have to be crazy' to put your money in this investment

I am copy/pasting the link and article here, but this isn't about Suze (although it could be). This is a wake-up call. If these financial entertainers are changing their tunes... then it means something is changing and it's time for ALL of us to be aware of it! *** https://www.marketwatch.com/story/suze-orman-urges-investors-to-stay-away-from-traditional-401ks-2020-06-17 PDF link: <click here> Suze Orman: ‘You have to be crazy’ to put your money in this investment Publish

Do you have a Business Interruption Strategy?

David H. Kinder, RFC®, ChFC, CLU

Mar 24, 2020
2 min

Planning for Business Owners

Do you have a Business Interruption Strategy?

From the description box on this YouTube video from Life Happens: Being a small-business owner is rewarding. It gives you the freedom to do what you love and to control your destiny. This appealed to Mike Jaap, who took a wealth of experience and built a metal recycling business. It paid off with exponential growth and profits. His insurance professional Bill Cassidy was there to offer him advice—unique advice he hadn’t heard from his other advisors. Bill recommended that Mik

Are you a REAL Millionaire? Or a Fake Millionaire? Don't get faked out!

David H. Kinder, RFC®, ChFC, CLU

Mar 17, 2020
2 min

Are you a REAL Millionaire? Or a Fake Millionaire? Don't get faked out!

One of the reasons why "traditional" planning is so prevalent, is the definition of success in our society. The word "millionaire" is full of prestige, opportunity, control, travel, and especially SUCCESS! It's a success MILESTONE in our society! And depending on WHERE your money is... it's a complete farce! If you have $1 million or more in your 401(k) or IRA... you don't have a million dollars, no matter WHAT your statement says. The problem with saving money in IRS regulat

Financial Amnesia: Do you want "bragging rights"? Or do you want real retirement wealth?

David H. Kinder, RFC®, ChFC, CLU

Mar 16, 2020
2 min

Financial Amnesia: Do you want "bragging rights"? Or do you want real retirement wealth?

Allow me to share with you some observations I've noticed in recent years: "My investment advisor got me 22% last year." "The market lost my gains last year, but my advisor is working to make that all back up." "Since 2009, we've had record growth in the market." So here's what *I* notice: Gains are credited to the advisor's brilliance. Yet the advisor doesn't (can't) take the blame for the market's losses. Investors (and new advisors) seem to forget 2008... and begin looking

Why College Planning is a BY-PRODUCT of the Planning I Do

David H. Kinder, RFC®, ChFC, CLU

Mar 11, 2020
2 min

Why College Planning is a BY-PRODUCT of the Planning I Do

A 2015 Survey Of 2,000 Parents Indicated: 53% Would Rather Use Retirement Savings To Pay College Costs Than Have Their Kids Take Out Student Loans. 51% Would Be Willing To Get A Second Or Part-time Job. 49% Would Delay Retirement And Work More Years. 79% Said They Were Saving Something For Their Kids’ College Costs, But Were Using The Wrong Accounts [Which Lowered Maximum Financial Aid Opportunities]. (Note: lots of inaccuracies in the source article - which I posted in the c

"We [the lenders] own it all… all of it."

David H. Kinder, RFC®, ChFC, CLU

Mar 6, 2020
4 min

Planning for Business Owners

"We [the lenders] own it all… all of it."

Today's blog post doesn't need much introduction. I'm just doing a copy/paste from the introductory chapter from Thomas J. Stanley's successor book to The Millionaire Next Door called The Millionaire Mind. In the introduction chapter, Dr. Stanley is setting up the book. He has ten multimillionaires in a room to discuss how one can become an economic success. Following this excerpt (with some bold emphasis in some parts), I have a short video clip at the bottom of this page.

David H. Kinder, RFC®, ChFC, CLU

Mar 3, 2020
1 min

Do you have a "Go to Hell" fund?

What is a "Go to Hell" fund? It's a pile of money, easily accessible, so you can keep your respect and dignity in any work environment. We're living in a time where automation or overseas offshoring of jobs threatens the livelihood of many various jobs. Imagine if you were given your layoff notice AND asked to stay on the job long enough to train your replacement? Wouldn't you have some words for that employer? I know *I* would! One problem with IRS regulated retirement pl

David H. Kinder, RFC®, ChFC, CLU

Mar 3, 2020
2 min

Annuities: When is 10% NOT 10%?

That might be an odd looking question, but it's very apt. One of the selling points of various deferred annuities (annuities where you wait to use them for regular annual income), is that you can access 10% of your annuity every year. But that 10% amount may change each and ever year! How can we tell? It depends what the annuity contract language says. (Note: We are not looking at lifetime income benefit riders in this as that amount would be far less and guaranteed for tha

My Career Evolution and Financial Understanding

David H. Kinder, RFC®, ChFC, CLU

Feb 26, 2020
6 min

My Career Evolution and Financial Understanding

Over the past few months, I have been listening and learning under the tutelage of a man I call a friend and mentor. He teaches financial professionals to discover their 'why' and articulate it as a way to answer the question: "What do you do for a living?". And I thought I knew my 'why'. I had a lot of the math and philosophy down, but I never really knew my why... until yesterday. Yesterday, I was reading up on a prominent democratic candidate for president's tax plan. I

David H. Kinder, RFC®, ChFC, CLU

Feb 25, 2020
2 min

My Novice Thoughts on Bernie Sanders' Tax Plan #3: Tax Extreme Wealth

https://berniesanders.com/en/issues/tax-extreme-wealth/ How the Tax on Extreme Wealth Would Work This tax on extreme wealth would have a progressive rate structure that would only apply to the wealthiest 180,000 households in America who are in the top 0.1 percent. It would start with a 1 percent tax on net worth above $32 million for a married couple. That means a married couple with $32.5 million would pay a wealth tax of just $5,000. The tax rate would increase to 2 percen

My Novice Thoughts on Bernie Sanders Tax Plan #2: Expand Social Security

David H. Kinder, RFC®, ChFC, CLU

Feb 25, 2020
2 min

My Novice Thoughts on Bernie Sanders Tax Plan #2: Expand Social Security

https://berniesanders.com/en/issues/expand-social-security/ This page makes a lot of different aspirational points, but I am only going to talk about how to pay for it, and what is being proposed on these links. At a time of massive income and wealth inequality, the wealthiest Americans in this country must pay their fair share into the system. Today, a billionaire pays the same amount of money into Social Security as someone who makes $132,900 a year because the Social Secur

David H. Kinder, RFC®, ChFC, CLU

Feb 25, 2020
2 min

My Novice Thoughts on Bernie Sanders' Tax Plan #1: Free College & Debt Cancellation Plan

https://berniesanders.com/en/issues/free-college-cancel-debt/ How does Senator Sanders propose to pay for all this college & pay off the debt? Tax Wall Street Gambling to Cancel All Student Debt and Pay for College for All We can guarantee higher education as a right for all and cancel all student debt for an estimated $2.2 trillion. To pay for this, we will impose a tax of a fraction of a percent on Wall Street speculators who nearly destroyed the economy a decade ago. This

The #2 Planning Problem for Business Owners in Retirement... (And they don't know it)

David H. Kinder, RFC®, ChFC, CLU

Feb 24, 2020
3 min

Planning for Business Owners

The #2 Planning Problem for Business Owners in Retirement... (And they don't know it)

In my last blog article, I talked about the very real problem of business owners not having a way to save for a secure retirement. But there are also a lot of business owners who ARE saving for retirement and saving very well! They *may* have a false sense of security because they see their 401(k) and/or IRA statement and see MILLIONS in it and believe "I'm going to have a great retirement! I've saved, I'll be able to sell my business, my home is paid off... I'm going to ha

The #1 Planning Problem for Business Owners... The Word 'Or'.

David H. Kinder, RFC®, ChFC, CLU

Feb 24, 2020
5 min

Planning for Business Owners

The #1 Planning Problem for Business Owners... The Word 'Or'.

The financial services industry is funny at times. Sometimes the industry's agenda is directly contrary to the best interests of those whom they claim to serve in their best interests. However, it's not their fault. They just don't know any better. The investment management guys want business owners to invest in OTHER people's businesses! How? By investing in stocks and bonds through IRS regulated retirement plans. What are stocks and bonds? They represent a percentage

Can Business Owners Use Their Business Checkbook for Personal Tax-Exempt Strategies?

David H. Kinder, RFC®, ChFC, CLU

Feb 23, 2020
4 min

Planning for Business Owners

Can Business Owners Use Their Business Checkbook for Personal Tax-Exempt Strategies?

Please note: I am NOT an accountant, CPA, or attorney. Please seek the advice of a qualified professional for accounting, tax, or legal advice and services. And, as always, if there's something not correct in my writing, please let me know - with cited information - and I'm happy to learn and amend this article. When purchasing life insurance for personal planning, the equation to determine the maximum amount you can apply for, is often very simple: Current Income x maximu

Is Your Financial Plan a Wealth "Addition" Plan or a Wealth "Multiplication" Plan?

David H. Kinder, RFC®, ChFC, CLU

Feb 15, 2020
5 min

Is Your Financial Plan a Wealth "Addition" Plan or a Wealth "Multiplication" Plan?

I had a little trouble trying to come up with a headline for this particular article because I really wanted to talk about synergy within one's financial strategy. The hard part came when trying to find a word to accurately reflect the lack of synergy - such as apathy or disjointed or disconnected or something. But that's not really what I want to talk about - as those words suggest that those plans aren't working. They do work... they just aren't the most efficient. Let'

Fiduciary duty is like a restraining order. It just tells you how hard you can sue.

David H. Kinder, RFC®, ChFC, CLU

Feb 8, 2020
3 min

Fiduciary duty is like a restraining order. It just tells you how hard you can sue.

I got this article in my mobile feed today and that's when it occurred to me: "Fiduciary duty is like a restraining order. It's not a guarantee of performance. It's not a guarantee of character. It only tells you who you can blame and at what level of charges you can levy against them." Here is the article: CNBC: How to find a financial advisor who won't make your money disappear Now, do I have any real advice on how to avoid being ripped off? I guess I have some ideas.

"TAX THE RICH!! TAX THE 1%!!" Who they are REALLY going after:

David H. Kinder, RFC®, ChFC, CLU

Feb 5, 2020
2 min

"TAX THE RICH!! TAX THE 1%!!" Who they are REALLY going after:

We hear a lot of this from certain political campaigns. No, I don't want this to become a political ideological blog or article. But who ARE "the rich"? Who ARE the 1%? This link is for Office of the Chief Actuary of the Social Security Administration. Do you know who an actuary is? They're an accountant with less personality! No seriously - they're the people who ONLY care about the numbers - no agenda. This link shows the wage statistics for a given year. The link is

Do you have REAL financial reviews with your advisor... or annual defense reviews?

David H. Kinder, RFC®, ChFC, CLU

Feb 5, 2020
2 min

Do you have REAL financial reviews with your advisor... or annual defense reviews?

This isn't such an issue lately. The United States has had a fantastic and longest running BULL market since 2009. However, not everything is rosy all the time, right? What goes up... must come down (sometime). Most annual reviews with financial advisors are often "Economic Weather Reports" (and probably just as accurate? Well, that's not fair - weather reports are quite accurate these days). But that image above has a lot of truth in it: "The science of explaining tomo

David, What Makes YOU Different From Other Advisors?

David H. Kinder, RFC®, ChFC, CLU

Feb 2, 2020
3 min

David, What Makes YOU Different From Other Advisors?

This is a good question and I've learned many ways to explain this over the years. Since this is a blog, I'll outline my lengthier way of answering this question. The $100 of Income Story This $100 represents ALL the money you are ever going to earn and accumulate in your entire life. 35% (or $35) will go to various forms of TAXES: "But David, I'm not in the 35% tax bracket." It's not just your tax bracket that I'm talking about. Income Taxes (This is Any Income Subject To

David H. Kinder, RFC®, ChFC, CLU

Feb 1, 2020
1 min

Riddle Me This:

If the stock market has doubled... but the national debt is still very high... won't somebody need to pay somebody at some point? If the stock market has doubled... and the national debt is still high... and someone still needs to pay someone... won't taxes and other Government-Related fees HAVE to go up? If the stock market has doubled... and the national debt is still high... and no voter will ever vote for a reduction in their Government benefits - such as Medicare and Soc

If Financial Planning was Chess... Which Assets and Accounts Would Be Which Pieces?

David H. Kinder, RFC®, ChFC, CLU

Jan 31, 2020
2 min

If Financial Planning was Chess... Which Assets and Accounts Would Be Which Pieces?

Chess is a game of strategy - no question about that. I am a chess amateur. I usually play against the computer - so no one else can see how bad I am! First, let's identify the King. You are the King. The king doesn't move much - just one space at a time. Every other piece is to defend you and attack your opponent and their pieces. What would be a pawn? It would be any account or asset that you get because it's a good idea and probably cheap enough to get. An individua

David H. Kinder, RFC®, ChFC, CLU

Jan 30, 2020
3 min

Government Spending Trends

Did you know that every two years, the IRS publishes the Income and Outlays of Government Spending? It's tucked in the back of the annual 1040 filing instructions. (It's something you won't find by filing your taxes online with TurboTax.) I decided to look back in time and see some trends in Government spending and (admittedly), I only went as far back as 2006. In 2006, this was with George W. Bush as President. It was after 9/11, but it was also a time where President Bus

David H. Kinder, RFC®, ChFC, CLU
Dynamic Advanced Wealth Insurance and Financial Solutions
Protecting and Preserving Your Social Security Fortune!

Phone & Text: (951) 313-8208

Email: david@DynamicAdvancedWealth.com

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