In this episode of the9innings podcast, Kevin Thompson analyzes the House Republican budget bill and its financial impacts on consumers. He discusses significant cuts to agriculture, infrastructure, and mandatory spending, including Social Security and Medicare. Kevin warns of potential increases in food prices, borrowing costs, and transportation expenses. He advises listeners to budget for higher costs, lock in fixed loan rates, and plan for retirement. The episode aims to educate and empower listeners to navigate the financial changes brought by the budget bill.

Impact of Agriculture Budget Cuts (00:00:59)

Debt Limit Increase Explained (00:04:15)

Infrastructure and Transportation Cuts (00:05:30)

Energy Policy Changes (00:07:46)

Mandatory Spending Cuts and Social Security (00:08:59)

Final Thoughts and Recommendations (00:12:13)

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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin describes why he decided to open his own RIA, and what lead to his move. He also talks about what he discovered after the move was made, and talk some "Fact vs Fiction". Companies will often make you feel as if you cannot live without them, Kevin takes you on his journey and why that "may" not be true. Website: http://www.9icapitalgroup.com

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

In this episode of the "9innings Podcast," host Kevin Thompson, converses with Chuck Failla CFP®, founder of Sovereign Financial Group and host of the GoRIA Podcast. They delve into the fiduciary standard in the financial advisory industry, addressing the challenges posed by "planners in name only" (PINOs) and the distinctions between broker-dealers and independent registered investment advisors (RIAs). The discussion highlights the importance of fiduciary responsibility, the value of RIAs, educating clients, and the need for title protection and simplification within the industry.

Debate on Fiduciary Standard (00:01:30)

Consumer Awareness in Financial Advice (00:05:28)

Discussion on Planners in Name Only (PINOs) (00:05:55)

Social Media and Financial Expertise (00:09:04)

Pushback from Broker Dealers (00:11:07)

Barriers to Independence (00:14:19)

Ownership of Book of Business (00:17:00)

Value of RIA vs. Broker-Dealer (00:20:16)

Liability and Consumer Awareness (00:23:10)

Future Initiatives for the Fiduciary Standard (00:24:26)

Concerns Over Designations (00:28:03)

Final Thoughts on Industry Standards (00:29:18)

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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin discusses the challenges faced by government employees due to a recent executive order requiring them to return to in-office work or resign with an eight-month severance package. He explores the feelings of disrespect and uncertainty among employees, the financial implications of their decisions, and the importance of strategic planning. Kevin emphasizes understanding retirement options under FERS and CSRS and encourages seeking personalized financial guidance. The episode aims to educate and empower government employees during this challenging time.

Government Employees' Dilemma (00:01:11)

Executive Order Implications (00:02:45)

Understanding Your Options (00:04:08)

Financial Systems Explained (00:06:50)

Maximizing Retirement Benefits (00:09:06)

Call to Action for Financial Planning (00:11:40)

Conclusion and Reflection (00:12:57)

Website: http://www.9icapitalgroup.com

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In this podcast episode, Kevin Thompson critiques the concept of "infinite banking." He explains that while the idea of using cash value life insurance policies to become one's own banker sounds appealing, it is often misrepresented and complex. Kevin shares his personal experiences with permanent life insurance, highlighting high fees, minimal early cash value, and the risks of policy loans. He stresses the importance of working with knowledgeable fiduciaries and offers alternative wealth-building strategies like low-cost index funds and retirement accounts. Kevin aims to educate listeners on making informed financial decisions.

"Infinite banking my ass! There is nothing to bank on because there is very little cash to do much with early on."

What is Infinite Banking? (00:02:22)

Structural Issues of Infinite Banking (00:03:44)

The Reality of Cash Value (00:06:16)

Long-Term Commitment (00:07:20)

Interest on Loans (00:08:52)

Complexity of Policy Management (00:09:59)

High Attrition Rate Among Advisors (00:11:19)

Alternatives to Infinite Banking (00:12:43)

Importance of Fiduciaries (00:15:09)

Closing Thoughts on Infinite Banking (00:18:07)

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Website: http://www.9icapitalgroup.com

ON THIS WEEKS PODCAST: Kevin rings into the debate over a potential TikTok ban in the U.S. He discusses concerns about data privacy, national security, and the implications of TikTok's Chinese ownership. Kevin critiques the double standards in how tech companies are treated, suggesting the focus on TikTok may be more about geopolitics than child safety. He advocates for comprehensive regulations across all platforms and emphasizes the importance of digital literacy education for parents and children, rather than singling out TikTok for an outright ban.

Concerns Over Chinese Ownership (00:01:35)

Double Standards in Tech Regulation (00:03:01)

Manufacturing and Security Issues (00:04:18)

VR and Gaming Platforms (00:05:37)

Influence of Big Tech Lobbying (00:08:31)

Proposed Solutions to Data Privacy (00:09:55)

Closing Thoughts on Accountability (00:11:14)

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In this podcast episode, Kevin engages with journalist and author David Enrich about his book on Deutsche Bank's tumultuous history. They discuss the bank's questionable practices, its relationships with high-profile clients like Donald Trump, and its role in financial crises. Enrich shares insights from his journalism career, highlighting Deutsche Bank's culture of greed and mismanagement.

The conversation explores broader themes of financial recklessness, the impact of corporate culture on ethics, and the consequences of risky lending practices. The episode underscores the need for accountability and reform in the banking sector to prevent future crises.

Tragic Events Leading to Insight (00:02:51)

Deutsche Bank's Historical Context (00:05:44)

Donald Trump's Relationship with Deutsche Bank (00:06:33)

Internal Conflicts at Deutsche Bank (00:08:21)

Trump's Use of Force Majeure (00:12:03)

Deutsche Bank's Responsibility in the Crisis (00:14:18)

Trump's Influence on Deutsche Bank (00:17:39)

Regulatory Changes Post-2008 (00:21:00)

Capitalism vs. Socialism (00:22:39)

Corporate Influence on Policy (00:23:28)

Understanding Financial Complexity (00:26:46)

Takeaways from the Book (00:28:07)

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In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, hosts Steven S. Zeiger, an insurance industry expert. The episode, titled "Unmasking Permanent Life Insurance," discuss the complexities and potential pitfalls of permanent life insurance. Steven shares his journey of prioritizing client interests over company sales goals and underscores the necessity of independent research in evaluating life insurance policies. The discussion highlights the need for transparency, informed decision-making, and the role of advisors in presenting clear, data-driven policy comparisons.

Insurance Company Experience (00:04:13)

Ethics in Insurance Sales (00:06:19)

Understanding Life Insurance Policies (00:09:32)

Illustrating Cost Savings (00:12:47) Steven presents a case study showing significant savings through independent research on insurance costs.

Understanding Policy Costs (00:15:18) Steven discusses the cost differences between MetLife and New York Life insurance policies.

Misleading Illustrations (00:19:17) Steven explains how insurance illustrations can be misleading, affecting client understanding.

Case Study on Policy Failure (00:20:15) Steven shares a case where a life insurance policy failed 84% of the time.

Illustration Analysis (00:22:40) Steven walks through an illustration of a life insurance policy's potential outcomes.

Discussion on Policy Viability (00:26:27) They analyze the sustainability of a life insurance policy using Monte Carlo simulations.

Introduction and Importance of Research (00:30:06) Kevin discusses the misconceptions about life insurance and emphasizes the need for understanding the numbers.

Life Insurance Decisions (00:31:23) Kevin acknowledges Steven's expertise in guiding high net worth individuals in making informed life insurance choices.

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Website: http://www.9icapitalgroup.com

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