By Dr. Jim Dahle, WCI FounderThe White Coat Investor was bought this week to insurance coverage big SouthEastern Mutual (SEM) for the sum of $132,712.87. The motivation to promote principally got here from a current WCICON (The Doctor Wellness and Monetary Literacy Convention). After three days of pickleball, laps across the lazy river, nice meals, top-notch shows, and folks endlessly thanking me for altering their lives and making me signal their books, I assumed perhaps a giant change in our lives was so as.
Alignment
The alignment between the 2 firms appeared apparent. The CEOs of each firms breathe oxygen. Each firms have a presence in Utah. We each need you to scale back the quantity of tax paid in retirement: WCI through clever tax administration and SEM through low returns and making you pay curiosity as an alternative. We each need you to purchase junk from us: 18-ounce Yetis from WCI and $40,000 per yr complete life insurance policies from SEM.
Adjustments on the Firm
Nonetheless, there have been just a few penalties to this merger. For instance, the lineup of talks at WCICON26 has been modified. It now seems like this:
- Keynote: What You Have to Know About Entire Life Insurance coverage
- Keynote: Acceptable Makes use of of Entire Life Insurance coverage
- Financial institution on Your self
- Infinite Banking
- Lifetime Financial Acceleration Course of (LEAP)
- The right way to Pay for School Utilizing Entire Life Insurance coverage
- The right way to Keep away from Property Taxes By way of Low Returns
- Why You Ought to Pay Curiosity to Use Your Personal Cash
- Why Entire Life Insurance coverage Is Simply Like Your Roth IRA
- Why You Should not Care How A lot That Man Is Making in Commissions
- Why Commissioned Salespeople Make the Finest Monetary Advisors
- Lunch and Study: The right way to Get a Coverage for Everybody within the Household, Even If They Have not Been Born But
- Lunch and Study: The right way to Trade One Entire Life Coverage for One other and Generate a Utterly Totally different Fee With out Paying Any Taxes
- The right way to Pay Lengthy-Time period Care Bills with Entire Life Insurance coverage
- MEC, 7-Pay, 10-Pay, and Ceaselessly-Pay: 4 Totally different Choices for Shopping for Your Coverage
- A Entire Life Insurance coverage Success Story
- The Different Entire Life Insurance coverage Success Story (Sure, There Are Solely Two)
- Entire Life vs. Annuities: Which One Is Higher Designed to Be Bought?
- Why the Man Who Bought You a Entire Life Coverage Now Sells Used Automobiles
It must be a very nice convention!
There have been just a few different penalties to the merger as nicely. For instance, all the WCI employees give up in a single day. The podcast has additionally gone from tens of hundreds of downloads per episode to zero. And there have been just a few dying threats judged to be “considerably credible” by native police and the FBI, however for the reason that bullet holes have been comparatively small caliber, we did not fear about them an excessive amount of.
Extra data right here:
How Shorting Ethereum Helped Us Make Payroll (April Fools’)
Why (And How) We’re Disinheriting Our Children (April Fools’)
What We’re Doing Now
We have gone forward and brought the $132,712.87 we acquired from promoting the corporate, divided it 4 methods, and bought complete life insurance policies for every of our youngsters. Now, after they flip 18 and we ask them to begin making the premium funds, they will should resolve whether or not to maintain them or secretly dump them whereas complaining to pals about how financially inept their dad and mom have been.
Enjoyable and Video games
OK, you possibly can give up emailing me questions on Tesla options. Sure, I am sorry that 2024 put up about PSLF now feels means too prescient. Sure, we’ll in all probability preserve doing these although just a few of you do not like them based on this ballot taken at WCICON25:
Sure, that is an April Fools’ Day put up. Sure, I am making an attempt to make them much more apparent yearly. No, we didn’t promote the corporate. And no, we’ll by no means promote it to an insurance coverage firm that inappropriately sells docs complete life insurance coverage insurance policies. However sure, I’m sorry if you happen to spit your espresso all around the desk this morning whenever you noticed the title of this put up in your e-mail inbox. It will not take lengthy to wash up.
What do you suppose? What was your favourite a part of the put up? Which of our April Fools’ posts has gotten you the most effective? Ought to we preserve doing these April Fools’ posts?
