fantheflame
New member
My father,69, is getting ready to retire fully and wants to begin traveling and living a more simple life away from his own business he started over 30 years ago. He never set up any retirement plan, life insurance e.t.c. His saving grace is that he has equity in his home that he is considering taking out to live off that. But as a somewhat experienced financial person myself,I know this is not the way as it will eventually run out and he will be back to square one.
I'm thinking of using that equity he has to invest in a life insurance, but have heard there are ways to create it where it has infinite banking.. anyone know about this?
EDIT: Infinite banking is not the way to go as it's too late for him
Is there a way he can invest 100-200k in his life insurance and have some money come out of it as his cash flow?
Thanks again in advance!
I'm thinking of using that equity he has to invest in a life insurance, but have heard there are ways to create it where it has infinite banking.. anyone know about this?
EDIT: Infinite banking is not the way to go as it's too late for him
Is there a way he can invest 100-200k in his life insurance and have some money come out of it as his cash flow?
Thanks again in advance!