UbcNews

If you’ve been considering taking out a loan, but feel the interest fees are too high, you are not only right, you are not alone. That’s why the team at I Own My Bank compiled their Infinite Banking Concept (IBC) guide, which gives you details on the idea behind the concept and explains how you can use it as a tax-free alternative to bank financing to bolster your wealth management and tax planning strategy.

I Own My Bank’s report also gives you information on an upcoming webinar from the company, which will provide practical guidance on using infinite banking, with real-world examples of how the concept can be used for funding large purchases.

Wealth management involves setting financial goals, budgeting, and often borrowing, which is often directly tied into, and in favor of, banks and their other funding initiatives. As such, individuals are often at a disadvantage, as bankers always make sure they pay themselves first. In a drive to encourage you to think outside of the box, ‘I Own My Bank’ has compiled its infinite banking guide, which offers insight into an alternative strategy to interest-heavy bank financing.

In the Infinite Banking Concept guide, you will learn how, by leveraging the unique features of whole life insurance policies, you can get cash at a lower interest rate than traditional bank loans. Additionally, as this is not considered a taxable event, policyholders using the IBC strategy also avoid the tax fees that would otherwise be incurred.

To ensure you fully understand the process and strategies inherent to IBC, the expert also outlines that this concept comes with certain risks and pitfalls if not utilized properly. In this regard, ‘I Own My Bank’ highlights the importance of seeking professional guidance before implementing the IBC strategy.

A spokesperson for ‘I Own My Bank’ said, “Infinite banking can be a valuable tool for building wealth and achieving financial goals, but it’s important to understand the tax implications of the strategy and to plan accordingly.”

If you want to learn more about IBC, you can attend an upcoming webinar hosted by ‘I Own My Bank’ that will delve deeper into the concept, offering step-by-step walkthroughs of the strategy in action. The team also offers consultations that will help you find out if this wealth management strategy is suitable for you.

Learn how infinite banking can improve your wealth management and tax planning from I Own My Bank’s guide!

Visit the link in the description to get the info you need! I Own My Bank® City: Mount Laurel Township Address: 3111 New Jersey 38 Website https://www.iownmybank.com/blog/b/car Phone +1-856-888-9533 Email info@iownmybank.com