Are you concerned about financial planningfor your future?  Bernard Reisz,founder of 401kCheckbook.com and Agent Financial, shares tips on how you can find the right financial products to achieve your goals.  Clarifying what Qualified Retirement Plans(QRPs) are and what they aren’t as well as understanding people’s motives when they promote certain productsare key to making solid investment decisions. Bernard also shares some of the complexities between investing in cash-value life insuranceand other investment tools.

SHOW NOTES

0:59 - Introducing Bernard Reisz, founder of 401kCheckbook.com and Agent Financial, and the topic of taking charge of your own investments. 

1:51 - Bernard’s background and his views on financial planning and products. 

3:34 - Finding the right financial products and examining people’s motives when they promote certain products.  

4:35 - Bernard’s anecdote around a particular client story that related to David McKnight’s book, The Power of Zero. 

6:25 - Background on The Power of Zero and why it’s useful, but also a promotional item for certain financial products. 

7:33 - How all this fits in with tax strategies and some of the general structures. 

10:15 - Applying speculation to tax rates and how that can affect investment approaches; examples of how that can play out with different investment vehicles. 

14:35 - Additional details on some of these structures and how it plays into Bernard’s example of cash value life insurance. 

16:07 - Clarifying what qualified retirement plans (QRPs) are and what they aren’t. 

18:47 - More on why some people will only provide information on products that they’re selling themselves. 

19:30 - Details on the complexities between investing in life insurance and other investment tools. 

21:31 - How Bernard begins analyzing which structures may help his clients the most. 

27:07 - Bernard’s advice for selecting a financial advisor and why you don’t always get what you pay for. 

31:38 - Why he likes working with real estate brokers and real estate notes. 

36:15 - Resources that Bernard recommends for learning more in this area.  

40:50 - Contacting Bernard. 

Resources and Links Mentioned: 

401kCheckbook.com 

Agent Financial 

Caveat Emptor 

The Power of Zero by David McKnight 

QRPs 

Charles Wheelan 

Naked Money by Charles Wheelan 

Contact Bernard: 

Email  

Contact Tom at tom@tombraegelmann.com or feedback@tombraegelmann.com 

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