In this episode, Hannah Chapman, CFP, APMA, CRPC, explores two very intriguing topics that were inspired by her listeners. First, a discussion about the Social Security mechanics that are causing many to worry about a future deficit. Then, Hannah explains infinite banking through whole life term insurance, and helps you understand if it's right for you.

Tune in to learn more:

• What employees, employers, and business owners contribute to Social Security
• How much money Social Security is taking in vs paying out
• What is the Social Security trust fund?
• What happens if you take SS out while you are working
• Defining “infinite banking”
• The differences between whole and term life insurance policies
• A unique aspect of whole life insurance that allows you to loan yourself money
• Pros and cons of infinite banking

Link to SSA document that was referenced in the show: https://www.ssa.gov/policy/trust-funds-summary.html#:~:text=Sources%20of%20Trust%20Fund%20Income,2023%2C%20which%20their%20employers%20match.

We want your questions! Please send them to hannah.chapman@x2wealthplanning.com and we will discuss them in our next episode

Connect with Hannah here:

X² Wealth Planning Website: https://x2wealthplanning.com/

Instagram: https://www.instagram.com/hannah.chapman.cfp

Facebook: https://www.facebook.com/hannahchapmanfinancialadvisor/

LinkedIn: https://www.linkedin.com/in/hannahrchapman/

Expansive CEO Website: https://expansiveceo.com/freegift