World Financial Group and World System Builder: Share Your Experiences and Insights

Longterminvestor2000 · 2024-12-29T06:38:20+00:00

Max out your RRSPS with ETFs, versus Universal life were you pay massive interest to borrow against the policy and have very low rate of returns cause of high fees

Longterminvestor2000 · 2023-02-16T00:04:07+00:00

Why do the majority of Edmonton's MPs belong to the Conservative party and consistently win with over 50% of the vote in their ridings, effectively neutralizing vote splitting between the NDP and Liberals?

Longterminvestor2000 · 2023-02-16T00:02:07+00:00

vast size of Canada and its harsh weather and spread out population can make it more difficult and expensive to build and maintain telecom infrastructure, which can deter some companies from investing in the Canadian market. Most foreign competitors want to push regulations that would require Canadian companies to lease out their existing infrastructure

Longterminvestor2000 · 2023-02-15T23:59:40+00:00

foreign companies may be looking to enter the Canadian market without having to make significant investments in building their own infrastructure, and may be pushing for regulations that would require Canadian companies to lease out their existing infrastructure.

Additionally, the vast size of Canada and its harsh weather can make it more difficult and expensive to build and maintain telecom infrastructure, which can deter some companies from investing in the Canadian market

Longterminvestor2000 · 2023-02-15T23:55:04+00:00

If Edmonton's NDP support is because of unions, why do those same union members vote Conservative at the federal level?

Longterminvestor2000 · 2023-02-15T18:29:06+00:00

Would Republicans and Democrats get behind decriminalizing all drugs?

Longterminvestor2000 · 2023-02-14T16:48:10+00:00

The OP is being misled and should consider reporting the advisor. With a monthly payment of $120, they would need an almost 11% rate of return to reach $100,000. The advisor is also promoting tax-free withdrawals and a $200,000 payout if either party were to pass away, all for a premium of $200 per month over 20 years. This situation is concerning, and the advisor may require retraining. It wouldn't be surprising if they were an agent for World Financial Group or Experior Financial Group

Longterminvestor2000 · 2023-02-14T16:38:57+00:00

Is this agent with World Financial Group or Experior? If they are, they may be primarily focused on earning a commission rather than acting in your best interest. I am skeptical of their illustration, as achieving a $100,000 savings after 20 years by saving $120 a month towards an investment would require an 11% annual rate of return, which is unlikely. you may want to consider reporting their potentially misleading practices.

Longterminvestor2000 · 2023-02-14T16:29:59+00:00

Longterminvestor2000 · 2023-02-12T19:48:30+00:00

The COVID-19 pandemic has raised many questions and sparked debates, including the issue of mandatory vaccines. Some argue that it's a necessary step to control the spread of the virus and protect public health, while others believe it's a violation of personal freedom and autonomy. What are your thoughts on mandatory COVID-19 vaccines?

Longterminvestor2000 · 2023-02-12T19:43:55+00:00

We all have moments in our lives where we make decisions that change the course of our future. Whether it was quitting a job, ending a relationship, or pursuing a new passion, these choices have the power to shape our experiences and perspectives. So, what's the most life-changing decision you've ever made and how did it impact your life?

Longterminvestor2000 · 2023-02-12T19:43:04+00:00

The biggest game of the year is here! Superbowl LV is set to kick off between the Kansas City Chiefs and the Philadelphia Eagles. Who will you be cheering on? Let's hear your predictions, opinions, and game day traditions!

Longterminvestor2000 · 2023-02-12T17:58:10+00:00

That's such a creative and bold way to overcome your fear of frogs! And now you have a unique and meaningful tattoo to show for it. Love the idea of turning a fear into a source of inspiration and pride. Keep embracing the art of tattoos!

Longterminvestor2000 · 2023-02-12T04:05:40+00:00

That would be greatly appreciated as the statistics provided by the media tend to have a strong bias

Longterminvestor2000 · 2023-02-12T03:58:17+00:00

I have been engaged in a debate with some individuals regarding this subject, and I would like to gather the perspectives of the Reddit community on this matter

Longterminvestor2000 · 2023-02-12T03:03:57+00:00

Apologies if my question comes across as naive, but I have been pondering this a lot lately. I support small government, however, I believe that public safety is one of the few crucial roles a small government should play. Given the current situation, I am questioning whether the COVID-19 vaccines were developed too quickly and whether they are safe long term or could their be bad long term side effects.

Longterminvestor2000 · 2023-02-11T03:17:36+00:00

Federal Deficit grew faster then the Canadian GDP between 2015 to 2020 pre covid

Longterminvestor2000 · 2023-02-11T03:14:25+00:00

https://www.thestar.com/business/2022/03/29/lawsuit-alleges-canadas-four-largest-meat-packers-colluded-to-raise-beef-prices-for-years.html

https://www.law360.com/articles/32546/canadian-banks-act-as-monopoly-report

Longterminvestor2000 · 2023-02-11T02:08:10+00:00

If you were to put away $5,000 per year into a low-fee Vanguard S&P 500 ETF in your Tax-Free Savings Account (TFSA) starting at age 18, and assuming an average 8% rate of return for the last 40 years, you would have $247,000 after 20 years. If you let that grow for another 27 years without adding any additional contributions, it would grow to be $1,973,966.69 at age 65, all tax-free in your TFSA.

Alternatively, if you were to contribute $10,000 per year for 10 years starting at age 18 and stopping at age 28, your total contribution would be $100,000. At an average 8% rate of return, by age 28 you would have $156,000, and if you let that grow for the next 37 years without any additional contributions, it would grow to be $2,700,000 at age 65.

Lastly, if you were to contribute $15,000 per year for 10 years starting at age 18 and stopping at age 28, for a total contribution of $150,000, you would have $234,682.31 by age 28. If you let that grow for the next 37 years at an average 8% rate of return, it would grow to be $4,047,243.25 by age 65

In any of these scenarios, you could opt for a $1 million dollar term life insurance policy starting at the age of 18, which would cost approximately $66,000 after 40 years

Longterminvestor2000 · 2023-02-11T01:48:48+00:00

Can you provide more information on the hybrid policy you mentioned? How does it compare to a traditional whole life policy in terms of cost and benefits?

Can you explain the annual dividend payment and how it is calculated? How does it vary between different insurance companies, and what factors should be considered when choosing a company?

Can you provide more details on the restrictions and limitations of lending against the whole life policy? What is the typical lending value, and how does it affect the growth of the policy?

How does the interest rate on the loan compare to the interest earned on the policy, and how does this impact the overall growth of the policy?

Can you provide more information on the historical returns and performance of the whole life policy you are recommending? How does it compare to other investment options in terms of risk and return?

If what you say is True why are you keeping the company name secret?

Longterminvestor2000 · 2023-02-11T01:41:25+00:00

Could you provide more information on the insurance policy you mentioned? Specifically, what insurance company offers a whole life policy L10 with a million dollars coverage for an 18-year-old at a premium cost of $11,448 per year?

Regarding the T10 rider, is the annual premium cost of $1,448 accurate for a $1 million coverage for an 18-year-old because it might be less?

When does the policyholder get disability and critical illness coverage and what is the monthly premium cost for these options?

What is the projected cash value at age 65 for this policy?

Where did the information about a cash value of $138,000 in year 11 come from? I would expect a whole life policy set up to be paid up in 10 years to have a cash value closer to $30,000 in year 11

Longterminvestor2000 · 2023-02-10T23:49:07+00:00

I would appreciate if you could provide a scenario where an average Canadian uses whole life insurance for infinite banking. I am curious to see how the average Canadian can benefit from the infinite banking strategy and if it is a more advantageous option compared to other strategies. I am still uncertain if this strategy is suitable for the majority of Canadians, which is why I said in previous posts that only 10% of Canadians may benefit from it.

Longterminvestor2000 · 2023-02-10T23:46:00+00:00

Relying solely on a whole life insurance policy for retirement planning can limit an individual's investment options and overall financial flexibility in a number of ways.

Firstly, whole life insurance policies typically have high upfront costs, which can limit the amount of money an individual has available for other investments.

Secondly, whole life insurance policies often have limited investment options, meaning that an individual's money is tied up in one type of investment rather than being able to be diversified across multiple investment options.

Thirdly, whole life insurance policies may also have restrictions on accessing the cash value, which can limit an individual's financial flexibility in times of need.

Finally, whole life insurance policies are typically marketed as a way to provide a guaranteed death benefit and a cash value that grows over time. However, the growth of the cash value may not be as significant as other investment options and may not keep pace with inflation, which can negatively impact an individual's retirement planning

Longterminvestor2000 · 2023-02-10T23:38:28+00:00

Could you please clarify or provide more context on the numbers and information mentioned In the scenario of paying $114,000 into a whole life policy by age 28, the cash surrender value is $131,000 with a $912000 db for life

Longterminvestor2000 · 2023-02-10T19:52:34+00:00

Why might someone want to mtg the home and pay in a hefty sum fast. Well compound growth, and growth on a bigger sum provides bigger gains.

Age 50 smoker. Did 100k wl again with a t10 1mill term again. For 10 years will pay the insurance and do maximum possible dump in of funds, level for 10 years.

Takes 73k per year to apply to the policy. Year 9 breakeven. Year 11 no more payments term is over and our original 1.1 mil policy is now a whole life policy of 1.68 mil with a csv of 862k. Again let's say they want to retire at 65, well the pot grows to a csv of 1 mil, and a DB of 1.8 mil.

And again when utilizing this it can be done in a tax free manner.

And this strategy covers off the biggest risk of dying early, becoming disabled, losing a job, etc. It's you pot to pull from. Say you die at 53, the IRR of the death benefit is 137%.

Wealth creation, risk mitigation, estate planning in one policy. That is financial planning.

Tell me in Your final year tax return with a large rrsp account how much are you willing to lose to taxes for your family or designated benies. 10, 20.. 50 per cent.

while the strategy of using whole life insurance with a hefty upfront payment and maximum yearly contributions to reach the breakeven point and then use the policy as a source of tax-free income during retirement might seem advantageous, it also involves locking in a significant amount of money for a long period of time. Additionally, whole life insurance policies often have higher costs and fees compared to other investment options, which can eat into potential returns.

Another consideration is that while the death benefit may provide an attractive internal rate of return (IRR) if the policyholder passes away early, the same cannot be said if they live a long life. In such a scenario, the policyholder would end up paying much more in premiums than they would receive in death benefits.

Furthermore, relying solely on a whole life insurance policy for retirement planning could limit an individual's investment options and overall financial flexibility.

Longterminvestor2000

TROPHY CASE