Branden & Carisa address the critical question facing many in their late fifties and early sixties: should you pay off your mortgage or invest for retirement? With mortgage rates as low as 2.5%, we explore the potential benefits of directing extra funds into short-term treasuries and other investments over accelerating mortgage payments. We also shed light on the often misunderstood world of self-directed IRAs, emphasizing the importance of expert advice to navigate their complexities and avoid costly mistakes.

Life insurance is another hot topic we tackle, specifically the misconceptions surrounding Index Universal Life (IUL) policies. Too often, individuals are sold the wrong type of insurance for their needs, leading to financial setbacks. We break down the appropriate use cases for IULs and highlight the importance of understanding their limitations. Comparing borrowing against life insurance policies to other financial tools like HELOCs, we emphasize the necessity of informed decision-making to avoid falling for misleading sales pitches and setting unrealistic expectations.

Finally, we offer a wealth of practical financial planning and wealth-building strategies. From Dave Ramsey's Baby Steps to the importance of maintaining a long-term investment perspective, we cover the essentials of financial security. Delving into estate planning, we discuss strategies for controlling wealth for future generations and the importance of teaching children about money. We also highlight the significance of professional financial advice and the long-term benefits of making well-informed decisions. This episode is a must-listen for anyone looking to secure their financial future and build a lasting legacy.

Find Du Charme Wealth Management here:
https://www.ducharmewealth.com/

DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• (800) 955-2517 • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.

The information in this podcast is current at the time of recording. It is based upon sources and data believed to be accurate and reliable. The information, opinions, and forward-looking statements expressed herein are subject to change without notice. Moreover, all comments & opinions voiced herein are for informational and entertainment purposes only and are not intended to provide specific advice or recommendations and should not be interpreted as such. Further the opinions expressed are Branden DuCharme's and his guests and do not reflect the views and opinions of SCF Investment Advisors or any of its affiliates.

Investing involves risk including possible loss of principal. No strategy assures success or protects against loss. To determine what is appropriate for you, consult your financial professional. This information is not intended to be a substitute for specific individualized tax or legal advice. DuCharme Wealth Management and SCF Investment Advisors do not provide legal or tax advice. These services are provided by separate entities.

The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated.

[00:00:00] Intro.
[00:13:23] Understanding Life Insurance Misconceptions.
[00:20:53] Analyze Risks of Permanent Life Insurance.
[00:32:12] Financial Planning and Wealth Building.
[00:44:13] Wealth Building and Giving Advice.
[00:49:00] Controlling Wealth for Future Generations.
[00:53:24] Navigating Retirement Investments and Market Volatility.
[01:04:36] Seeking Financial Advice and Consultations.