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When used correctly, life insurance can be an incredibly powerful tool in a tax efficient investing strategy. When used incorrectly, it can be a big mistake that results in excessive fees and disappointing returns.
Wallis Tsai joins Michael to discuss the ugly side of the insurance industry, and how investors can get the insurance policy that is actually right for them.
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- Discussion of the negative association many investors have with the insurance industry, and how Wallis witnessed this firsthand.
- The framework for evaluating an investor’s insurance needs, including a consideration of the alternatives.
- How life insurance can be an effective tool for tax efficient wealth transfers.
- Most common mistakes made around life insurance.
Today’s Guest: Wallis Tsai, AboveBoard Financial
About The Tax Efficient Investor Podcast
On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.