2023 0608 - BetterWealth - How To Supercharge Your Retirement with Annuities & Life Insurance | Tom Hegna and Caleb Guilliam - YouTube
- Tom's Biography
- MetLife
- New York Life, Annuity Wholesaler, Retirement Income Push - Income from Annuities - SPIAs and DIAs - Boring Products
- TH: Mortality Credits - Moshe, Babbel
- Academic World - Nobody Know
- TH: PBS - Don't Worry, Retire Happy
- Take what learned at New York Life and Bring it to a broader audience
- CG: People think Annuities Bad
- TH: No fees in SPIAs and DIAs, there are fees in a Variable Annuity. I own 11 income annuities - David Babbel had 14 mostly in Roth IRA's. You can't say that Annuities are bad
- CG: Cash Flow
- TH:
- 2022 - Report - Ernst and Young - Benefits of integrating insurance products into a retirement plan - [Link to Download - 18p]
- 2005 0727 - WSJ - The Secret to a Happier Retirement: Friends, Neighbors and a Fixed Annuity, By Jonathan Clements - [link-Paywall Free]
- University of Chicago - Moshe-?
- Happiest people in retirement - Freakanomics
- FPA - Patrick - Financial Planning -
- CG: Sometimes Annuities get a bad rap
- What are the downfalls for consumers?
- TH: Annuity is for retirement, not for a down payment for a house, college education. Annuities may not be liquid. Some Annuities don't have surrender charges. Don't put all your money in there. Guaranteed paychecks, Guaranteed playchecks.
- CG: Life Insurance
- Dr. Wade Pfau
- I don't always understand everything, Book Report
- TH: Early days of selling BTID, Buy Term and Invest the Difference, Military, 5-pay whole life.
- 15 - TH - My policy = 50yo, 5 million, 220,000 premium. With Whole Life policy, it is not an expense, it's an asset on your balance sheet that does better than bonds, it's done better than bonds for the last 40 years.
- I've been moving my wealth into cash value life insurance
- taxes in the future
- Switches you can flip
- Life Insurance band wagon
- IUL vs WL debate - I stay out of that
- I'm a whole Life guy
- I was the Variable Life Product Manager for MetLife
- Universal Life - Weaknesses and Strengths
- CG: Why is Life insurance and Annuities a better Bond Alternative
- 17 - TH: 2016 0615 - NAFA Annuity Outlook Magazine [WinkIntel] - The 60/40 Portfolio is DEAD! Long Live Life Insurance and Annuities!, by Tom Hegna --- [link] --- [VIDEO-YouTube-04:50]
- 18 - TH - Life Insurance and Annuities vs Bonds -
- Life Insurance either goes up or stays the same, they don't go down
- CG: I'm shocked how you guys are talking about this.
- 19 - TH: Don't follow the masses because sometimes the m is silent.
- CG: Does your advice change for entrepreneurs, younger people
- 23 - CG - Advice / thoughts for the future
- TH: Very Concerned, 100% problem, I could fix Social Security in 15 minutes, I don't have a solution for Medicare. Generational Warfare. Work from Home, getting back to the office, Golf, Whacko world right now,
- CG: US Reserve Currency
- TH: Bitcoin has a chance, 1% of Portfolio, article on Face 2-3 years ago - Nothing Burger, smart people are saying it might be a good thing
- CG: Ken Keys-? - Social Security not easy to fix
- TH: Moving the Social Security Date later for future generations
- CG: I think you are Fiscally Conservative. Thoughts? - Health care is a disaster Socialized Medicine, Solutions vs Talking Points
- TH: I don't want to get into politics, but... When Obamacare came out my premiums tripled. So, it wasn't insurance, it was prepaid care.
- CG: - presentation - You want to be a Millionaire - writing a book -
- 2023 - Book - Tom Hegna's Who Wants to Be a Millionaire?, by Tom Hegna
- TH: my lane is retirement income, how simple it is to become a millionaire today. depreciating vs appreciating assets. takes time, not quick.
- 37 - TH: Young People, Military, big company, Life Experiences, get off phone, get off tiktok, talk to people with grey hair, you might learn something, institutional knowledge
- CG - The truly great people want to make an impact,
- TH: Jack and Gary Kinder, Joe Jordan, Ted Kilkusky (sp-?)
- 38 - Pickleball
- TH: Webinars for Companies, Agents - Multiple revenue streams, [Bonk: sounds like MLM]
- 41 - $10 headset
- 42 - Legacy Question
- TH - Character, Focus on others, Zig Ziglar