Take a minute to write an introduction that is short, sweet, and to the point.
How to Fund Your Policy?
There are no shortages of places to draw from to begin funding your Infinite Banking policy. Listed below are several examples to inspire you to consider what sources of capital you may have that you’d like more control over. It’s crucial to recall Nelson’s second golden rule: Don’t be afraid to capitalize!
Personal Income
Your personal income is the natural starting point for funding your banking system. As cash flow allows each month, dedicate a portion of your income to premiums.
Checking & Savings
You've been diligent in saving your income. It's no secret that your savings account doesn't earn much interest. Simply by shifting your savings into your IBC policy, you'll earn a greater return.
Money Market
Why not put your capital to work in more than one place? Redirect funds in money market accounts to your policy and take advantage of this powerful strategy.
Brokerage Account
You can use your brokerage account to fund your Infinite Banking policy by transferring funds from the account directly into the policy.
401k/403b/IRAs
The "traditional" retirement plan is littered with risk, fees, and potential taxes. More importantly, these funds are out of your control for your entire working career. Take back control!
Pension/Social Security
Any and all sources of income can be utilized to fund a policy. Even if you are uninsurable, you can utilize these funds on a policy for a loved one.
Nothing "Traditional" About It
Financial Advisors would like for you to believe that investing in the stock market via your 401k or IRA has been the traditional method of planning for retirement. Qualified retirement plans have proven to trap your capital – making you lose control and potential returns.
The 401k was devised in the late 1970s. This means that we are just now seeing retirees exit the workforce after contributing to their 401k for their entire working generation.