JANUS

Fun fact: Your bonus isn't actually taxed at a higher rate It is taxed the same as your regular income More.. or less may be withheld upfront Remember, withholding and actual taxation are two very different things This is why you square up your taxes come tax time Your withholding is a guess This is a common source of confusion for many

This week, Drew Stamp shares some of the unique transition challenges the special forces community faces. In the military, our identity speaks volumes, but transitioning to the private sector is different. You’re stepping into a new culture, and your past accomplishments won’t carry the same weight. You have to learn the customs and prove your value all over again. It might feel daunting, but it’s also an opportunity for growth. Listen to all of Drew's advice in this week's episode: https://lnkd.in/eTCV9cqw #milmoshow #milmo #personaldevelopment

Do You Really Need a Whole Life Insurance Policy? I came across this post on Reddit and thought it was interesting. Here’s my take: Whole life insurance is often marketed as a multi-purpose financial tool that provides both insurance coverage and a savings component. However, it's crucial to understand its complexities and costs. A common sales tactic emphasizes whole life insurance as a stable, long-term investment. Yet, consider this: While your premiums contribute to a cash value, accessing these funds isn't always as straightforward as it’s pitched. Withdrawals from the cash value are often utilized via loans against your policy, accruing interest and reducing the death benefit if not repaid. Claims of tax-free access to substantial cash values can be misleading. The initial contributions are already taxed, and any gains are typically subject to taxes if you cancel the policy or it lapses. This means you might end up paying more in the long run. It's also important to acknowledge that there are justified uses for permanent insurance. It can be beneficial for estate planning, long-term financial strategies, special needs planning, or for individuals with specific needs that term life insurance cannot address. However, many advisors may push whole life policies to benefit from commissions rather than to serve your best interests. This post won’t be popular with everyone, and it’s not about the condemnation of whole life or permanent insurance. However, transparency and a thorough understanding of the terms are key. Ensure you're funding your future, not just your advisor's pockets.

"Should I consider whole life Broc?" You probably just need term...... This is what I tell people who ask about permanent insurance the vast majority of the time. Most of the time, they have been told some ridiculously inaccurate benefit about a permanent insurance product. Hint: Whole life is not a........ - Roth IRA on steroids ?? - A golden goose egg ?? - Willy Wonka's Golden Ticket ?? - A replacement for your 401k or IRA. ?? - A bank ?? Why do I do it? Honesty + transparency = trustworthiness ?? Trustworthiness = a good reputation ?? Good reputation = more chances to serve people. Bottom line, it’s the right thing to do.

Stumbled into an incredible opportunity at the JANUS 101 Retirement workshop thanks to Andrew Bame... and I'm nauseated that I didn't trip into it at 24 months out but thankful I did with enough time to prepare. Let me be blunt. THE MOST HELPFUL RESOURCES I'VE SEEN THUSFAR... most impactful retirment asset I've been handed. REALLY appreciate the refreshing, zero punches held, HONEST, and HONESTLY FUNNY approach of the JANUS team from Donovan and Bank Foundation. Drew and Paul were incredible. 7 hours of discussion, humor, and engaging dialogue. Excited about the future now that the path seems clear. Don't wait to think about preparing for the next life. Golden ticket in hand, time to get moving! Also, they told me to add Blockbuster (my last job before the Army) to my LinkedIn… so you’re welcome!

WHOLE LIFE INSURANCE SOLVES EVERYTHING! Well maybe not everything…… In this sketch, I portray two characters: a guy experiencing a series of unfortunate events—dealing with a breakup, the inability to find premium gas, and discovering he doesn’t have cash at a cash-only venue—while he vents to his friend over the phone. The twist? His jabroni friend is a life insurance salesman who can’t help but turn every problem into a pitch about premiums, cash values, and dividends. Don't be the jabroni sales guy! Enjoy!

Spouses and Servicemembers preparing for retirement, please join me Friday at 12pm EST for the same class I present on installations during TAP to educate members about their benefits. Unfortunately there is a lot of INCORRECT information that circulates about these benefits, so learn the facts! SBP may not be the best choice for everyone, but it can be a very valuable benefit. Be informed to make the best decision at retirement! I am an Accredited Financial Counselor (AFC), Military Qualified Financial Planner (MQFP), and Accredited Veterans Representative, AND military spouse that just navigated retirement. :)