Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin describes why he decided to open his own RIA, and what lead to his move. He also talks about what he discovered after the move was made, and talk some "Fact vs Fiction". Companies will often make you feel as if you cannot live without them, Kevin takes you on his journey and why that "may" not be true. Website: http://www.9icapitalgroup.com

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin discusses the challenges faced by government employees due to a recent executive order requiring them to return to in-office work or resign with an eight-month severance package. He explores the feelings of disrespect and uncertainty among employees, the financial implications of their decisions, and the importance of strategic planning. Kevin emphasizes understanding retirement options under FERS and CSRS and encourages seeking personalized financial guidance. The episode aims to educate and empower government employees during this challenging time.

Government Employees' Dilemma (00:01:11)

Executive Order Implications (00:02:45)

Understanding Your Options (00:04:08)

Financial Systems Explained (00:06:50)

Maximizing Retirement Benefits (00:09:06)

Call to Action for Financial Planning (00:11:40)

Conclusion and Reflection (00:12:57)

Website: http://www.9icapitalgroup.com

NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page

Follow Us: youtube: / @9icap

Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428

facebook: / mlb2cfp

Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4

Book Meeting: https://outlook.office365.com/book/G12473568acb64f719ff3e79cfc9d55ed@NETORGFT11398641.onmicrosoft.com/

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Corrections: Editing by http:/SwoleNerdProductions.com

In this podcast episode, Kevin Thompson critiques the concept of "infinite banking." He explains that while the idea of using cash value life insurance policies to become one's own banker sounds appealing, it is often misrepresented and complex. Kevin shares his personal experiences with permanent life insurance, highlighting high fees, minimal early cash value, and the risks of policy loans. He stresses the importance of working with knowledgeable fiduciaries and offers alternative wealth-building strategies like low-cost index funds and retirement accounts. Kevin aims to educate listeners on making informed financial decisions.

"Infinite banking my ass! There is nothing to bank on because there is very little cash to do much with early on."

What is Infinite Banking? (00:02:22)

Structural Issues of Infinite Banking (00:03:44)

The Reality of Cash Value (00:06:16)

Long-Term Commitment (00:07:20)

Interest on Loans (00:08:52)

Complexity of Policy Management (00:09:59)

High Attrition Rate Among Advisors (00:11:19)

Alternatives to Infinite Banking (00:12:43)

Importance of Fiduciaries (00:15:09)

Closing Thoughts on Infinite Banking (00:18:07)

NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page

Follow Us: youtube: / @9icap

Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428

facebook: / mlb2cfp

Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4

Hit the subscribe button to get new content notifications

Corrections: Editing by http:/SwoleNerdProductions.com

Website: http://www.9icapitalgroup.com