#taxexemptwealth

Education Planning and Highest Paid Job in Every State

Jan 18, 2019
2 min

Education Planning and Highest Paid Job in Every State

This article caught my attention today: Visualizing the Highest-Paid Job in Every State In short, according to the US Department of Labor Bureau of Labor Statistics, working in the medical field is where "the money is". What does this have to do with education planning? EVERYTHING! I'm sure you've seen the various news articles about how many college graduates can't get a job in their field after they graduate college. That's due to a poor major choice and using college to

David H. Kinder, RFC®, ChFC, CLU

Jan 11, 2019
1 min

Tom Hegna's 2019 Economic Commentary

Enjoy! #TomHegna #EconomicCommentary #taxexemptwealth #realwealthvsfakewealth

Year-End Investment Returns: How did YOU do?

David H. Kinder, RFC®, ChFC, CLU

Jan 10, 2019
1 min

Year-End Investment Returns: How did YOU do?

I just got Callan's Periodic Table of Investment Returns for ending in 2018. You can check out the year-end returns here: The Callan Periodic Table of Investment Returns (1999 - 2018) #2018YearEndReturns #taxexemptwealth #realwealthvsfakewealth

The Best Tax Lesson with Economist Art Laffer

David H. Kinder, RFC®, ChFC, CLU

Jan 9, 2019
1 min

The Best Tax Lesson with Economist Art Laffer

This was just FANTASTIC! I just finished watching this interview with Art Laffer... THE Art Laffer who is famous for "The Laffer Curve". The interview was posted to YouTube in May, 2018... so it's fairly recent. A quick summary (but you really need to watch this): At what tax bracket is too high to dis-incentivize people from working, but where can it be optimized to bring in the most tax revenues? This comes on the heels of recent headlines of Representative Ocasio-Cortez'

David H. Kinder, RFC®, ChFC, CLU

Nov 24, 2018
5 min

My Opinions on MLM / Network Marketing

Every once in a while, the topic comes up as I work with various clients as well as other financial professionals who are involved in it. Today, I want to share with you why I think it’s usually an abusive form of business and how I think it should be worked with proper ethics. The Franchise Model Network marketers (or MLM’ers) often compare their business to a ‘franchise’ and they often make the comparison that network marketing is far cheaper to get into than a franchise.

Behind the Scenes of Life Insurance Due Diligence

David H. Kinder, RFC®, ChFC, CLU

Nov 15, 2018
6 min

Behind the Scenes of Life Insurance Due Diligence

As an independent insurance professional, sometimes the question comes up "How do you pick the companies you choose to represent?" It's actually not an easy process and choice and it's not based on "who is the cheapest on the market." There are a number of factors and criteria that I consider before choosing to represent an insurance company as a "primary" company (meaning a company I would represent most of the time, unless there are other health considerations or specific

Is Your Financial Planning Pyramid UPSIDE DOWN?

David H. Kinder, RFC®, ChFC, CLU

Nov 8, 2018
3 min

Is Your Financial Planning Pyramid UPSIDE DOWN?

I have seen too many YouTube videos and articles from other "financial advisers" that seem to promote this financial planning pyramid. Here's their recommendations and why in a nutshell: 1. Have bank emergency savings Why? In the event of an emergency, you don't have to put any new debt on a credit card. How much? They typically recommend about 6 months for an emergency fund. 2. Term life insurance. Why? Just in case you pass away during your working years, the benefi

Government Regulated Savings Plans Include Government Imposed Restrictions

David H. Kinder, RFC®, ChFC, CLU

Nov 5, 2018
1 min

Government Regulated Savings Plans Include Government Imposed Restrictions

https://www.irahelp.com/slottreport/you-can-contribute-more-your-ira-2019 Everyone is "cheering" that you get to put more into your IRA or 401(k) plan next year! (Woohoo!; /end sarcasm) Yes, you can get a higher amount for tax postponement today. But is that really in your long-term best interest? If you defer taxes today and you're at the 20% bracket (or even lower)... what bracket will you pay when you pull the money out? Do you think taxes will be at this same level o

David H. Kinder, RFC®, ChFC, CLU

Nov 2, 2018
8 min

Myths

DING, DING, DING! WE HAVE A WINNER!

It's quite rare lately that I find an article about almost ALL the myths surrounding life insurance in one place... but today, I have one! AP / NerdWallet: Don't make these life insurance blunders Let's go through these and see if I have prepared a proper response to some of these notions. 1. BUYING TOO MUCH OR NOT ENOUGH Not everyone needs life insurance.“ If there’s no one else depending on your income, you probably don’t need much or any at all,” says Alyssa Lum, certif

The 7 Criteria To Evaluate and Compare Capital Investments

David H. Kinder, RFC®, ChFC, CLU

Nov 1, 2018
5 min

The 7 Criteria To Evaluate and Compare Capital Investments

For any given "bucket of money", there are many ways to work with it to generate a given result. How can we get the clarity we need in order to make a clear decision? We need the criteria to evaluate in order to make a better and more informed decision. I have determined that there are 6 and an optional 7th criteria to evaluate to determine how you want to manage your money. We'll take a tour of them and define them so you can make a clearer decision that feels right to you

Life Insurance Myth #4: The costs of insurance in a UL or IUL policy will grow too expensive.

David H. Kinder, RFC®, ChFC, CLU

Oct 18, 2018
5 min

Myths

Life Insurance Myth #4: The costs of insurance in a UL or IUL policy will grow too expensive.

This myth comes from those who believe that whole life insurance is the ONLY cash value life insurance policy one should own... because of the guarantees. And these advocates of "whole life only" use the past as an example of what can happen with Universal Life insurance. As someone who pays attention to life insurance headlines over the years, it's not hard to find lawsuits about various "imploding" universal life insurance policies. Here are just a sampling of the recent h

F.A.Q. #4 - How does Indexed Interest work with Fixed Indexed Insurance Contracts

David H. Kinder, RFC®, ChFC, CLU

Oct 15, 2018
9 min

F.A.Q.'s

F.A.Q. #4 - How does Indexed Interest work with Fixed Indexed Insurance Contracts

It is often said in sales “don’t build people a watch when they just want you to tell them the time.” However, with how often these indexed interest insurance contracts are mis-represented – by agents and especially non-agents, I feel that a relatively simple (to me) explanation of how these contracts work can only help – particularly for the ‘engineer’ types. So, how can these contracts offer principal protection AND market-linked performance? Which contract would YOU pick?

Life Insurance Myth #3: You are worth more dead than alive with life insurance

David H. Kinder, RFC®, ChFC, CLU

Oct 14, 2018
2 min

Myths

Life Insurance Myth #3: You are worth more dead than alive with life insurance

Today, let's talk about the "windfall" that life insurance creates. Or rather, how it is NOT a "windfall" at all. Insurance companies are not in the business of making people rich. They are in the business of transferring risks. And insurance companies have guidelines regarding how much a person can be insured for. Just because you may want $5 million of coverage, does not mean that you'll qualify for it - medically OR financially. This is a chart of the financial underwrit

Term Life Insurance Rebuttal: The Laughing Banker

David H. Kinder, RFC®, ChFC, CLU

Oct 8, 2018
3 min

Term Life Insurance Rebuttal: The Laughing Banker

--original story by Benjamin N. (Woody) Woodson, CLU, Life Trustee of LUTC and re-printed from Managers Magazine. I entered the manager’s office of my neighborhood bank and made this proposal: “Mr. Bank Manager, there is a piece of vacant land in my area that I’m interested in buying. It is well-suited, the town is developing in its direction, and I am virtually certain that its value will rise. I’ve thought the matter out carefully from every angle and I’ve come to the conc

F.A.Q. #13 - Using Life Insurance as a Permission Slip to Spend Down Other Assets

David H. Kinder, RFC®, ChFC, CLU

Oct 8, 2018
5 min

F.A.Q.'s

F.A.Q. #13 - Using Life Insurance as a Permission Slip to Spend Down Other Assets

Life insurance policies have long been heralded as “the great financial Swiss Army knife” in financial planning (by those who know how to use them). The danger lies in getting ONE policy to do too many things. For example, there is a concept called “The Retirement Spend Down”. Most retirees don’t want to spend down their principal balances in accounts and end up living a “just in case” retirement. “Just in case” interest rates rise, the stock market crashes, or even for wh

David H. Kinder, RFC®, ChFC, CLU

Oct 2, 2018
4 min

The Value of a True Financial Review

As I often do with my blog, I’m going to vent a bit due to the unskilled and amateurish attempts of others who have gone before. Sometimes we learn why we, and others, do things as simply a response to others - and then that response became a habit. The financial services industry has a lot of well-meaning intentions, but poor communication patterns. New agents and advisors frequently offer “2nd opinions”, a “portfolio review”, or a “policy review”… and more often than not,

The Value of an Agent, Advisor, or Consultant

David H. Kinder, RFC®, ChFC, CLU

Sep 26, 2018
3 min

The Value of an Agent, Advisor, or Consultant

One of the tests of a valuable agent is that they are available for service and advice AFTER the sale. Unfortunately, insurance company customer service is NOT a source of advice. They can tell you what you CAN do and they will do what you REQUEST of them… but not necessarily give you ideas on the best ways to go. Case in point: Back in 2000, my father experienced a downturn in his business. He runs a county-owned (or state owned - depending on California politics) cafete

F.A.Q. #12 - Buy Term and Invest the Difference ALWAYS wins... (sort of)

David H. Kinder, RFC®, ChFC, CLU

Sep 24, 2018
10 min

Myths

F.A.Q. #12 - Buy Term and Invest the Difference ALWAYS wins... (sort of)

Well, this headline and pic should get plenty of attention on my LinkedIn and Facebook channels! I decided to do a series of posts on the differences between these investment mantras and bring a higher level of thinking to the subject. Why? The internet is full of "wisdom of the masses" (where the 'm' is often silent; yes, I said that). When a client wants to determine if what they did was a GOOD decision, I want to have MY VOICE out there (somewhere) to be added to the mi

Myth #2: Agents ONLY sell cash value policies for the commissions

David H. Kinder, RFC®, ChFC, CLU

Sep 22, 2018
9 min

Myths

Myth #2: Agents ONLY sell cash value policies for the commissions

This myth is an interesting one. And this myth strikes at the core of how ethical one’s profession and conduct really is. Is the life insurance profession one of moral and ethical character? The industry at large… might not be of the highest moral character! But individual agents, advisors, and consultants… SHOULD be of the highest moral and ethical character! Just about 3 years ago or so, I heard a clip from a radio show of VERY well known investment advisor talk about “

Myth #1: "The Life Insurance Company Keeps My Cash Values When I Die"

David H. Kinder, RFC®, ChFC, CLU

Sep 22, 2018
7 min

Myths

Myth #1: "The Life Insurance Company Keeps My Cash Values When I Die"

First, I’m going to start with a rant and then show some understanding. The training in the life insurance profession is severely lacking, and I don’t just mean selling skills to help agents be successful. In my first agency, we had product training every Monday morning from 9am to 11am. However, this was not GOOD product training. We learned WHAT we could do with the company’s products, but not WHY someone would want to do it. Why would someone WANT to spend $10,000 a

David H. Kinder, RFC®, ChFC, CLU

Sep 21, 2018
8 min

F.A.Q.'s

F.A.Q. #6 - Infinite Banking Explained

This concept has many different names - all a variation on a theme: "Infinite Banking", "Bank on Yourself", "Banker's Secret to Family Wealth", "Private Reserve Strategy", and many more. These concepts are sound, but often misrepresented. Insurance companies compliance officers are often very leery of agents who promote these concepts because of how they are so often misrepresented. Today, we're going to go into depth as to how this REALLY works, and make it clear enough

F.A.Q. #7 - What exactly is Goals-Based financial planning?

David H. Kinder, RFC®, ChFC, CLU

Sep 18, 2018
3 min

F.A.Q.'s

F.A.Q. #7 - What exactly is Goals-Based financial planning?

In an earlier blog post, I talked about "needs-based" financial planning and that it was a product of financial companies putting their own "packages" together on a low-cost, but highly profitable basis for these companies and calling it "financial planning". Here is that blog post here: https://davidkinderfinancial.wixsite.com/davidkinderfinancial/single-post/2018/08/06/Just-what-exactly-IS-needs-based-planning Today, let's talk about "goals-based" financial planning. What

Are You A Super Genius To Your Own Detriment?

David H. Kinder, RFC®, ChFC, CLU

Sep 18, 2018
1 min

Are You A Super Genius To Your Own Detriment?

Today I saw a financial adviser preview of the documentary "The Tax Train is Coming" by David McKnight. (And it's VERY GOOD!) In it, there were clips of David McKnight speaking about a Warner Brothers "Roadrunner and Coyote" clip about "the shed and the freight train." Now, this clip is obviously hilarious... but I'd like to translate it for you for today: - Bugs Bunny (possibly represents the Government? The IRS? Other well-meaning advisers recommending that you postpone

Two Articles that Make You Go... "Hmmm"...

David H. Kinder, RFC®, ChFC, CLU

Sep 7, 2018
2 min

Two Articles that Make You Go... "Hmmm"...

I don't know if you have ever heard of the "Retirement Red Zone" (this is the 5 years before and 5 years after you retire and taking withdrawals from a down portfolio)... but Dawn Wells of 'Gilligan's Island' has had recent financial troubles. https://www.marketwatch.com/story/gilligans-island-star-shares-a-cautionary-financial-tale-2018-09-06?mod=hp_minor_pos20 Here's some quotes from the article: "In the last nine days, the GoFundMe campaign has raised more than $50,000 in

David H. Kinder, RFC®, ChFC, CLU | Insurance and Investments
Dynamic Advanced Wealth Insurance and Financial Solutions
Maximizing Your Social Security Benefits and Minimizing Taxes In Retirement

Phone & Text: (951) 313-8208

Email: david@DynamicAdvancedWealth.com

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