Shownotes Transcript
Join David Befort and Paul Fugere on Episode 8 of the Wealth Warehouse.
In this episode, David and Paul open the floor to discuss a topic that never fails to stir up much emotion from people — 401(k)s. For the two, most people are smart enough to manage their own wealth, but with conditioning, we've been made to believe that doing so is out of our league.
Here, David and Paul discuss why qualified plans were created, how inflation decreases the value of retirement accounts, who controls your 401(k), and more.
In this episode you will learn:
-Income tax was established at the same time as the Federal Reserve
-When making your plan, factor in inflation
-You're not the one who controls your 401(k)
-David and Paul – on required minimum distributions
-Taxes are at historically low levels, but…
-and so much more!
ABOUT YOUR HOSTS: David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich. As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul on:
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
Survivor Benefit Plan Summary:
https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Overview/
Self-directed IRA Summary: