Work hard, but make your money work harder for you. That’s what Adam Doran and I have talked about in this episode. We already know real estate can be a valuable source of passive income, but Adam will tell us why life insurance can make our real estate investing better--or specifically, more profitable.
Adam is a wealth advisor at Prevail Innovative Wealth Strategies, helping clients build sustainable, tax-advantaged wealth and long-term income. Before jumping into real estate, he was a police officer for 16 years.
Let’s listen to Adam and know why life insurance and real estate go hand-in-hand!
[00:01 - 06:19] Opening Segment
[06:20 - 15:45] Investments of Wealthy People
[15:46 - 27:55] Term vs. Whole Life Insurance
[27:56 - 37:22] Tax-Free Non-Reportable Retirement Income
[37:23 - 40:30] Closing Segment
Tweetable Quotes:
“A lot of the real estate investor clients I work for, family legacy is a big piece.” - Adam Doran
“Frankly, tax-free money that you don’t have to report to the IRS as an income in retirement trumps money that you have in a 401(k)...” - Adam Doran
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Call 913.548.1447 to connect with Adam or follow him on LinkedIn. Visit Prevail Innovative Wealth Strategies and their Facebook, LinkedIn, and YouTube pages.
Guest email: adoran@prevailiws.com
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