In this episode, the hosts discuss the concept of generational wealth preservation, focusing on the Rockefeller family's strategies for maintaining wealth over generations. They introduce the 'waterfall method,' which involves using life insurance and trusts to create a perpetual money machine for families. The conversation highlights the importance of financial education and strategic planning in ensuring that wealth is not only accumulated but also preserved for future generations. The hosts also compare the Rockefeller approach to that of the Vanderbilts, emphasizing the significance of structured planning and education in wealth management.

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In this episode, the hosts discuss various strategies for earning interest in 2024, focusing on high-yield savings accounts, money market accounts, CDs, and MIGAs. They emphasize the importance of understanding these financial products and their implications for retirement planning. The conversation also highlights the significance of taking action and making informed decisions to secure financial stability. In this episode, they discuss various investment strategies, focusing on bonds, peer-to-peer lending, and tax liens. He explains the nature of bonds, their safety, and how they function in relation to interest rates. The conversation then shifts to peer-to-peer lending, highlighting its emergence during the Great Recession and how it allows individuals to lend directly to others. Finally, the discussion covers tax liens and deeds, detailing how they work and the potential for property ownership through these investments.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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In this episode, the hosts discuss various strategies for earning interest in 2024, focusing on high yield savings accounts, money market accounts, CDs, and multi-year guarantee annuities. They emphasize the importance of understanding the differences between banks and insurance companies, particularly regarding cash reserves and tax treatment of earnings. The conversation aims to educate listeners on how to make their money work harder without taking unnecessary risks. In this episode, they discuss various investment strategies, focusing on bonds, peer-to-peer lending, and tax liens. He explains the mechanics of bonds, including their safety and interest rate dynamics, and introduces peer-to-peer lending as a modern alternative to traditional banking. The conversation also delves into tax liens and deeds, highlighting their potential for high returns and property ownership opportunities. Listeners are encouraged to explore these investment avenues for financial growth and retirement planning.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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In this conversation,Jackie Selby and Aaron Novinger discuss the critical mistakes retirees make regarding their spending and financial planning. They emphasize the importance of having a comprehensive retirement plan, understanding one's budget, and the potential pitfalls of relying solely on Social Security. The discussion also touches on the emotional aspects of financial planning and the necessity of adapting to lifestyle changes during retirement. In this conversation, they discuss the intricacies of financial planning for retirement, emphasizing the importance of building a comprehensive plan that includes stress testing, understanding spending habits, and the role of social security. He highlights the significance of diversification to mitigate risks, particularly the sequence of returns risk, which can severely impact retirement savings. The discussion also touches on the psychological aspects of financial planning, ensuring that clients feel secure and informed about their financial futures.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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In this episode of Business for Breakfast, hosts Aaron and Jackie discuss the upcoming tax season, the implications of tax provisions set to expire in 2025, and a comparison of the tax plans proposed by Kamala Harris and Donald Trump. They explore how these plans affect small businesses and families, as well as the government's relationship with inflation and its impact on the economy.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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In this episode of Business for Breakfast, hosts Aaron and Jackie discuss various strategies for building multiple income streams while still employed. They emphasize the importance of diversifying income sources to create financial stability, especially in light of changing employment landscapes. The conversation covers practical ideas such as Airbnb hosting, investing in laundromats, and leveraging newsletters to generate passive income. The hosts also highlight the significance of avoiding time-consuming ventures that do not yield returns, encouraging listeners to focus on efficient and effective income-generating strategies. The discussion also highlights the significance of finding purpose in work, maximizing retirement savings, and the value of comprehensive retirement planning. Listeners are encouraged to take actionable steps towards financial independence and to seek professional advice for tailored solutions.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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In this episode of Business for Breakfast, the hosts discuss various strategies that wealthy individuals use to avoid paying taxes legally. They explore the differences between tax avoidance and tax evasion, the importance of maximizing retirement accounts, and the benefits of defined benefit plans. The conversation also covers how high earners can utilize borrowing against investments, loss harvesting, and real estate depreciation to minimize their tax liabilities. Additionally, the hosts touch on the role of charitable donations in tax planning for the wealthy. The discussion also covers various tax strategies that wealthy individuals use to minimize their tax liabilities, including the use of life insurance and tax-efficient funds.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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In this conversation, the hosts discuss the interplay between emotions and financial planning, emphasizing the importance of understanding how feelings like happiness, sadness, fear, anger, surprise, and disgust can impact financial decisions. They explore strategies for retirement planning, including the creation of emergency funds, the significance of debt management, and the benefits of various LLC structures for asset protection and tax savings. The discussion highlights the necessity of having a solid financial plan to navigate the emotional landscape of retirement effectively.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

See omnystudio.com/listener for privacy information.