Carlos and Bob reiterate the advantages of “becoming your own banker” through the use of policy loans, but they also point out the importance of paying back the loans (in most circumstances). In particular, they warn about the potential tax implications that occur if you surrender a policy.
Bob talks to Carlos about his research on the Federal Reserve’s plans to shrink its balance sheet, and the possible connection to proposed regulatory changes that would encourage financial institutions to take on Treasuries and mortgage-backed securities.
Bob talks to Carlos about his research on “positive thinking,” motivational speakers, self-help gurus, and other related themes. There is much truth and value in this movement, but there’s also a potential dark side.
Bob asks Carlos to discuss his findings regarding the new Department of Labor regulations on financial professionals that kick in on June 9, which concern those who act as a “fiduciary” for clients.
In the previous episode, Carlos and Bob talked with Nelson about his life before IBC. In this episode they focus more on his discovery of how to become your own banker.
In this episode, Bob and Carlos round out the discussion of the GOP’s proposed tax reform. Bob reminds listeners of the material he covered in Parts 1 and 2, and then our dynamic duo discuss the real world implications of major tax reform. Carlos recalls what happened after the 1986 Tax Reform Act, and how it destroyed the real estate market.
In this episode, Bob flies solo in order to show readers how to start thinking about the border tax adjustment plan that the GOP has proposed, as a way to boost the economy and reduce the trade deficit.
