JT Miller

Educating individuals and entrepreneurs on how to make their money work for them, not against them!

[JT Miller @controlthebank]

@TenfoldMyLife Whole life all the way! I think the craziest part of this story is that the advisor sold the IUL as a way to capture market gains with no downside… yet he had Kyle’s allocation in a cash sub account earning 2% for the first 3 years 👎

[JT Miller @controlthebank]

@unusual_whales @grok is this true?

[JT Miller @controlthebank]

@zachmelloh26 Goal is to leave behind a trust fund but they can only withdraw each year what they earn in their real jobs. Hopefully this motivates them and doesn’t turn them into trust fund babies!

[JT Miller @controlthebank]

@FranWalsh73 If you could get a policy where guaranteed break even is year 6, and IRR is 5% would that change your thoughts Fran? Life insurance should never be pushed as an investment, it was never meant to be one.

[JT Miller @controlthebank]

@DreamDividend Whole purpose of life is to bring kids into this world and carry on your bloodline. Hope the “assets” were worth it

[JT Miller @controlthebank]

Whole life is not an investment. Guaranteed returns and liquidity. 0 risk involved. Oh by the way you can pay 4% interest to access capital, and allow yours to keep growing at 5%. Not going to move the needle much, but still better than a typical savings account. I’ll die on this hill. All comes down to ratio between base premium and paid up additions. If your higher than 50% base premium, your getting screwed

[JT Miller @controlthebank]

@sampleswill can get a pretty nice portable sauna for about $100, great way to start the morning!

[JT Miller @controlthebank]

@thewealthdad This is the new wave and I am all for it. Currently practice and teach this exact order of operations 👍

[JT Miller @controlthebank]

@TKopelman Home equity line of credit is feasible for most, the other 2 are not… run the risk of a margin call and the rates are variable. 99% of people should not be taking a securities backed line of credit!

[JT Miller @controlthebank]

You should never have one person managing all these moving parts. Every person should be sitting around the table doing what’s best for you

[Mark Cecchini, CFP® @markcecchini]

If you have somewhere in the neighborhood of $2M - $30M, you can literally have your own distributed family office

--Wealth Manager (QB)
--Accountant / Bookkeeper
--Attorney
--Insurance Broker

(You do not need to have all of these under the same roof)

[JT Miller @controlthebank]

@sampleswill Hell yeah, grab life by the nuts and don’t let go

[JT Miller @controlthebank]

If you own a C-Corp you are leaving money on the table by not having a Split-Dollar Loan Agreement. One of the most powerful vehicles for C-Corp owners, it can save you from the double taxation that often occurs when executives take their year-end bonuses!

[JT Miller @controlthebank]

Is there anywhere worse than Northwestern Mutual?

I'd love to hear your experiences with them below

I dropped out of the interviews when they wanted a list of 100+ people in my warm market 😂

[Zach Melloh, CFP® @zachmelloh26]

Two of the most overlooked personal financial planning topics:

Estate and Insurance Planning

Here is a high-level checklist of things to consider:

i. Will & or Trust
ii.Durable Power of Attorney
iii. Healthcare Power of Attorney & Living Will
iv. HIPAA Release v. Medical Directives
v. Beneficiary designations and account titling
vi: Estate tax planning (Various types of trust)

Insurance:

- Life
- Disability
- Business / Buysell / E&O
- Property & Casualty Liability & Umbrella

[JT Miller @controlthebank]

@money_cruncher @unusual_whales Do the opposite of what the majority are doing. When others pull out, that is the time to get in. There has never been a recession in history that we did not recover from

[JT Miller @controlthebank]

@ThinkAppraiser Make a small lump sum payment, recast the mortgage, invest the difference!
Putting the whole amount towards mortgage would be silly

[JT Miller @controlthebank]

Employer 401k matches are powerful...

You essentially double your money day 1.

EVERYONE should be contributing up to their employer 401k match!

[JT Miller @controlthebank]

@Intentional_Liv Lab grown all the way! Won't be able to tell the difference, and can afford to get a better bang for your buck

[JT Miller @controlthebank]

@WifeFinance I miss calling him out on his BS... he blocked me!

[JT Miller @controlthebank]

@indexnforgetit Love being in sales but it is not for the weak. Emotional roller coaster between self doubt and confidence. Just have to stick to it and not let your highs get too high, or lows too low