Family Bank, IRA & 401(k) Tax Traps, And IUL for SMBs (Episode 28)

Update: 2025-08-28

Description

Discover how Indexed Universal Life (IUL) can transform your small business and retirement. Doug Andrew and his team dive into the power of a properly structured IUL, blending liquidity, safety, and tax-free growth with the discipline of a family bank. Learn why a working capital account in an IUL can earn a higher rate of return than a traditional bank.

Uncover the truth about the IRA and 401(k) tax trap and why deferring taxes is really just a form of tax procrastination that can cost you dearly in retirement. Discover how to avoid Required Minimum Distributions (RMDs) and prevent your kids from inheriting a tax nightmare.

This episode reveals:

• The hidden dangers of traditional retirement accounts and how to escape the tax trap.

• Why a family bank is about more than just money—it's a system for passing on Knowledge, Attitude, Skills, and Habits (K-A-S-H) to future generations.

• How a properly funded IUL can provide tax-free income, protect against market volatility, and serve as a powerful financial tool for your business.

Whether you're an entrepreneur, a retiree, or a financial professional, these insights will show you how to build, grow, and protect your wealth for life.

Timestamps:

00:01:20 : Discover how an IUL helps your small business grow.

00:03:38 : Learn how a working capital account generates tax-free wealth.

00:07:00 : Stop lazy, idle money from driving entrepreneurs crazy.

00:11:28 : Exposing the IRA and 401k tax trap.

00:13:59 : How deferring taxes hands over your future to the government.

00:17:01 : Why IRAs make your Social Security and Medicare taxable.

00:22:07 : The worst retirement advice is just taking RMDs.

00:26:51 : What's a family bank and should you have one?

00:32:00 : Learn the three dimensions of authentic wealth.

00:34:40 : The difference between financial cash and intellectual KASH.

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