Derek Nelson’s Post

Name: Derek Nelson on LinkedIn: #financialliteracy #financialindependence #financialeducation…
Uploaded: 2024-04-08T17:07:52.110Z
Channel: Derek Nelson

Derek Nelson

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6mo Edited

Financial Straight Jacket? Many financial products inhibit our ability to have access to our money. Why are there so many restrictions and penalties in order for us to gain access to our own dollars? There are alternatives where you can grow your money while maintaining full access. This opens the door to allow every dollar you save to do the work of many dollars. For more information, feel free to reach out. 727-353-3995 Derek@polarislegacygroup.com https://lnkd.in/et6uGuQN #financialliteracy #financialindependence #financialeducation #financialplanning #financialgoals #financialservices #financialtips #financialknowledge

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Many financial products, perhaps the majority of those promoted in the media and by financial institutions, put the utility of our money in a straight jacket for a very long period of time. Financial products that do deny individuals access to their funds or products, such as IRA's, 401K's, 403 B's, Roth accounts and college savings plans. By having total control of your money for a loan period, financial institutions and other intermediaries are assured they will make money. In contrast, a major benefit of cash value life insurance is that you have access to your funds in case you need them. These funds could be used to finance your next automobile or vacation. They can be used to pay off your mortgage or invest in an opportunity such as an investment property. When your funds are tied up in retirement products, you may face taxation and penalties if you tried to withdraw that money. When funds are in the life insurance policy, you access funds tax free and without penalty. To learn more about it in cash value life insurance to your overall plan, please reach out and let's talk and have a great day.

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When you are trading, money is moving away from you and to those who are investing

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