Nicholas VanGeest, CFP®, CPFA

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@iuladvocate *** minus the interest expense on the loan so not really

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@mbontrager5 @withoutwallst So many issues but these guys always dragging fees while selling the most expensive product available is incredible

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@iuladvocate Hospitals have MRI machines. If you care about your health, you should also have an MRI machine at home.

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@PeterMeijer I get mistaken for you constantly. Any chance you’ve had the opposite problem? Because I’ve now been mistaken for you enough times that I’m wondering if we qualify for some sort of identity-sharing tax credit.

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@Adammi_10 @jasonbenetti @tigers We should see if Jason will host the cinnamon toothpick parade on cinnamon toothpick day next year

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@mbontrager5 $150/week for 502 weeks plus $1000 down

That’s a great deal for someone

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@joshwaxman__ Sounds like the insurance company has control of how much interest you earn. Sounds like the insurance company is the bank and not you 🤔

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@mbontrager5 If you had a bad experience then it wasn’t properly structured max funded

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@joshwaxman__ Yes sell them different crap instead good idea

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@FranWalsh73 @mbontrager5 If you just contribute 3x more to this life insurance policy, and then get 3x lower market returns than what the market has done over any meaningful amount of time, this IUL illustrates really well

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@mbontrager5 LOL

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@mbontrager5 So many issues here
Needing $63,500 of pre-tax dollars to put $40k/year into IUL
Illustrating 3% IRR on the 401k

They never explain why advisors won’t show you this. If it did, I would love to earn many multiples the revenue. But I also wouldn’t be able to sleep at night

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@joshwaxman__ No, the wealthy make more. They didn’t get where they are by having cash value life insurance.

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@iuladvocate ** this was properly structured

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@iuladvocate No worries I ran it myself. A 30 year old doing $10k per year would lose about $4000 in surrender charges with Nationwide.

And it looks like the surrender value will finally exceed my contributions after 10 years

Nice!

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@iuladvocate Ok so what like $8k? $6k?

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@iuladvocate Why don’t you just tell me how much I would get? Is it a really large surrender penalty or something?

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@iuladvocate These were your own words

[Nicholas VanGeest, CFP®, CPFA @vangeestguy]

@iuladvocate How much is that?