JOE LOMBARDI WILL TEACH YOU WHAT YOU DID NOT LEARN IN SCHOOL

➡ Dave Hodges, host of the Common Sense Show, interviews financial expert Joe Lombardi. Lombardi discusses the importance of protecting your money from various threats, including Wall Street, the government, and corporations. He emphasizes the need for diversification in investments and warns against putting all your money in one place. Lombardi also shares personal experiences about the financial losses his family faced due to lack of planning and knowledge, urging listeners to take action today to protect their financial future.
➡ The speaker discusses the financial system, claiming it’s designed to take all your money through taxes, fees, and other charges. He suggests that there are legal strategies, like IRS code 7702, that can help you save money and build a legacy, but these aren’t widely known because they can’t be legally advertised. He criticizes the IRS, Wall Street, and the Federal Reserve, suggesting they’re part of a system that keeps people financially enslaved. He offers his services and resources for free to those who want to learn more about these strategies.
➡ The speaker discusses the importance of financial planning and understanding taxes. He criticizes the current system for encouraging people to defer taxes, which he believes only leads to more taxes in the future due to inflation and increasing national debt. He also emphasizes the need for financial education, arguing that many people are ill-prepared to manage their finances effectively. Lastly, he advises listeners to get out of debt, invest wisely, and consider the long-term implications of their financial decisions.
➡ The text discusses the potential risks and benefits of investing in gold and silver. It suggests that while these precious metals can be a good investment, it’s not wise to put all your money into them. The text also discusses the possibility of the government confiscating these assets, and suggests that the safest place to put your money is in insurance companies, which have a long track record of stability and good returns.
➡ Investing in a life insurance policy can grow your money tax-free and you can take out the growth anytime you want. You can also roll your existing pensions into fixed index annuities, which are popular among wealthy people due to their tax benefits. This strategy allows you to create a tax-free account and earn interest on your money until you die. The death benefit is tax-free and you can loan against it, providing an additional income stream.
➡ The text discusses a strategy to manage a large IRA account to minimize taxes and ensure long-term financial security. It suggests converting the IRA into an income annuity, which guarantees a certain percentage payout each year. The income is then used to fund overfunded life insurance policies, which can provide for long-term care and estate taxes. The strategy also includes using trusts and life insurance policies to avoid probate and ensure the money is transferred to the next generation efficiently.
➡ Ironhawk Financial, led by Joe and his sister Marianne, offers free financial advice and strategies to protect your assets and income. They earn through first-year commissions from companies they work with, not by charging you. Their strategy focuses on preparing for life events like living long, dying early, needing long-term care, or becoming disabled. They also help you save on taxes and interest by teaching you to be your own bank, protecting you from market losses and increased taxation. To learn more, visit their website or email them directly.

Hello, America. Dave Hodges here, host of the Common Sense Show. Thank you so much for joining us. Really appreciate you. Make sure you sign up for our newsletter. It’s one stop shopping for the multiple releases we do and it’s free and over 50,000 people are doing it. Go to the common sense show.com, click on the newsletter link, put in your email and it’s done. And people say, Dave, I have to come back to your site three or four times. No, you don’t sign up and it’s, it’s completely free. Free. And no, we don’t sell your data.

I promise. Our guest is, this is really good, a return visit from Joe Lombardi. And we got good response last time we had him on. We’re going to take a financial journey here in just a second. But Joe’s going to talk about the world of finance and investment and then he’s going to show you what some people are doing to do really well. And we need to keep ahead of the predatory banks. We need to keep ahead of a failing economy, a failing dollar. Yes, Trump is doing magnificent things, but it’s not going to happen overnight.

And in the meantime, you guys have to really learn to protect yourself. And we’re going to have some ideas here on how you can do that and enhance yourself. Joe’s published three books. He’s a talk show host for over 20 years. He’s won multiple awards for what he does. Extremely well known and respected in the business circle. His books, by the way, let me go ahead and give you the titles here and we’ll review them before we go. Being your own bank. I love the tit. There’s a better way than a 401k and long term care without long term pain.

Yeah. I just did what would be considered to be a hit piece on 401k. It wasn’t designed for you people. I’m just telling you that’s, that’s, that’s a fact. So we’re here to lucky to have Joe here to talk to us about this and more. And Joe, good to see you. You’re looking good. Good to have you back on. You know, Trump is not God. He is doing, I think, his darndest to, to improve things. I don’t agree with everything he does, but, man, it’s a relief to have him in the White House and he’s trying.

But the devastation we’re experiencing with record bankruptcies right now since for the last 15 years, that’s not on Trump, that’s on the previous administration. And you offer Ways to help people get around this. And I think it’s very valuable. And this is why I wanted to have you back on, because people are losing their jobs left and right. Joe, where do we start with this morass? It’s such a wide topic. Finding an entry point is kind of hard. Yeah, it really comes down to, you have to understand there’s, there’s a lot of enemies to your money.

Right. People are trying to take it. You have, number one, Wall Street. Right. I worked there, so I saw how demonic it was. You know, number two is you have the federal government. Number three is you have the state government. You know, number four is you have corporations. So it’s, it’s very difficult when you have all these enemies. And then on top of that, you had the silent tax inflation, you had interest rates, you had the Federal Reserve. You know, it’s, it’s, it’s tough. I mean, it. One, one thing goes wrong, one news article goes wrong and half of your retirement’s gone.

You know, like, it’s, it’s insane. And then it’s like, so what do we do? Do we do gold, silver? Sure, I own some of that. Do you, do we do some, some crypto? Sure, I own some, some of that as well. But what I found is that people put all their eggs in one basket. They do some research on one asset class and they’re like, this is the way it goes. I have clients that own $6 million of Apple stock. I have clients that own $7 million of physical gold. I have clients that own $3 million of Bitcoin value.

So people find something they like and they just go all in. And it’s like the best way to handle long term wealth and long term growth is diversification, right? Yes. The first thing I learned is diversify, diversify, diversify. Right. And since interest rates drop to zero, nobody owns bonds. So I’m seeing these portfolios of 75 year olds, 78 year olds with 90%, 90% stock and 25% of that 90% foreign aggressive stock. And I’m like, you do realize you’re 78 and if the market corrects, you lose your entire lifestyle and you can’t go back to work. You know, and it baffles me that there’s really no safe havens left for clients funds because bonds pay very little after you pay the taxes out of bonds.

Unless you get triple tax free exempt bonds from Puerto Rico or Alaska or Delaware after the taxes on that, you’re not even making inflation. So it’s, it’s what do I do, Joe? How, how do I protect my family? Leave a legacy, save money on taxes, keep the government out of my pocket? How do I make sure if I can’t take care of myself, the state I live in doesn’t just steal millions of dollars of my nest egg like they did with my grandmother. So there’s a. It’s very difficult to get into, like, where’s the starting point? But the real starting point is doing something today to meeting with somebody like myself who’s very affluent in advanced markets.

Advanced markets are things that have IRS codes, investments and insurance, hybrids, and basically just copy what the millionaires and billionaires do. Well, that’s. That was quite an intro there. Just out of curiosity for the audience, you said your grandmother got ripped off. My great grandparents got ripped off in the Depression. They were cousins of the Ford family and they got no assistance, believe me. They got deception from good old Henry himself. So what happened to your grandmother? So my grandmother sort of raised me. My mom walked out on us when I was 4. So she can drink and drug and.

And she ended up dying at 52 from social liver. But so what happened, my grandmother is she lost her husband, my grandfather and my uncle, her son, in the same year, Agent Orange from Vietnam. So when, when that happened, she got very depressed, as you can imagine, losing a spouse and a, and a child. So that depression led into a stroke, the stroke led into dementia, and dementia doesn’t kill you. And she inherited my grandfather’s estate, Lombardi masonry. It’s worth $4.2 million. And, and this was back in the late 90s. You can imagine what that’s worth today in inflation, probably about 15 18.

So what happened was most of my grandfather’s net worth was in hard assets. He owned Lombardi Masonry, he was a mason, so he did a lot of real estate. Hard assets. He had a lot of stocks in his ira. Hard assets. And when I say the word hard, it means it’s hard to liquidate. It’s hard to liquidate those assets. Meaning if I have a million dollars in real estate and I sell and my cost basis is low and I have capital gains and I got to pay a Realtor. And is the market in a good spot when I need that money? You don’t know because I have to sell my position.

So my grandmother ended up paying millions in taxes and then millions to the state of Connecticut in the form of long term care costs for the nursing home. So what I found is that, you know, when I wrote my third book, Long Term care without long term pains. Most people don’t understand that there are legal ways for you to accumulate money, have it tax free cash and then lean the money for long term care expenses while still leaving a legacy of a death benefit tax free to your children and grandchildren with keeping your other assets, your home, your business, your portfolio.

What people do is they don’t get that foundation and everything that they’ve worked for has to be sold to go under $1200 for title 19. Same thing I did with my father. I’m his power of attorney. Not only the money my dad lost, you know how much time I had to get? Five years records of his Capital One bill. Five years. Records of his bank statements. Five year records of his Social Security payments. Five year. You’re on hold, you’re getting statements. I’m driving 40 pounds of paper to Bridgeport to the, to the Title 19 Social Security office and dropping off, I don’t know, 1600 pages.

Do you know how much money I spent on ink? And the drive time there? Drive time back and just sitting by a printer while it prints 1600 pages like it was, it was a nightmare to say the least. So you have to in order to not involve that because people just think, oh, okay, it’s just a nursing home. It’s not that big deal. I’ll get put in there. It’s nice and cozy. People who like me are going to be taking care of me. It’s like no, people don’t know you who make like 15, 20 bucks an hour.

They’re having a bad day, you’re having a bad day, you don’t choose the food and you’re in a, in a, in a room with a stranger. Does not sound like something. Oh yeah, jail. So it’s like they throw you in jail, all your assets are spent down and they’re not charging you real numbers. If they’re paying somebody $20 an hour to take care of you, that’s $480 a day. $480 a day times 365 is like 120 grand. But why are they charging you 300 grand a year? So you have to understand that the way that it’s set up is to extract all your money that’s left.

So and then if you’re lucky enough to die with money, then it depending on your, the, the size of your net worth, you have estate taxes to worry about. So when I work with, you know, super ultra wealthy people, but I also work with average Americans every day, you know, there’s the level of taxation, the level of risk that people carry. And they, it’s not worth it. When there’s legal strategies out there that guarantee you not to lose that are averaging 15% a year for the last 10 years that are managed by trillion dollar investment insurance companies.

Been around 130 years. So there’s these ways that the average American doesn’t know because this strategy, IRS code section 7702 or you know, the FIA strategy, these strategies aren’t allowed to be legally advertised. Do you think a trillion dollar company can afford a $3.2 million Super bowl commercial and say, hey guys, here’s a QR code? If you want to learn about saving money on taxes and building a legacy for your family, call this phone number or scan this code. You don’t think they can afford that? Of course they can. But the government wants your money. IRS and Wall street are strong arms of the mafia known as the Federal Reserve.

So they have the gold. The who has the gold has the rules. So they set the rules so you. No, no, no. 401k, IRA, Simplified Employer Pension. 403b, 457. That’s the way to go. Well, if you look at those are IRS codes. 401K is a code. 403B, 457, 529, retire, college savings. Those are codes. The code that you need to know is IRS code 7702. And you wonder why they put it all the way down at the bottom of the IRS code book, but all the other ones are up near the top. Because they don’t want you to know.

Wow. And they are the collection agencies. There’s no question. Do you think Trump is going to make any meaningful reform with the irs? He’s making those noises. I don’t think he can. Look what they did to jfk. Look what they did to Abraham Lincoln. Look what they do to people that invent vehicles that run on water or they run on air. They all commit suicide at 29 and 37 and 45. And they already tried to kill him how many times already? Twice. Yeah. So I, I, I think he’s going to try. But, but nobody’s invincible. And, and you know, they always say third time’s the charm, right? So I don’t, I want him protected by God.

I pray God, Jesus protect Donald Trump to try to help the people he’s representing. But you’re going against dark demonic divorce forces that their number one goal is to keep you enslaved. Enslaved through taxes, enslaved through interest. Rates, debt enslaved through college loans, mortgage, so that you can’t enjoy your life. You can’t see the power that you have as a God’s child. You are in chains financially. So you have to break out of that by doing what the wealthy do. And you could do it at a lower amount. I have clients that are doing 50 million a year of annual contributions into my strategy.

And, and I have clients doing $500 a month. And if you look me up, I have zero complaints in 22 years. Find me another company that’s been around for 22 years with thousands of clients and billions of dollars of protection and rollovers in my career without one single complaint. That is an amazing track record. I have to grant you that. And it’s unusual. I’ve seen a few, not many, not many like that. And obviously you’re making money for people. But I, I, I, I want to stay with the Federal Reserve just for a second. I don’t think it’s so much the irs Trump should focus on it is the Federal Reserve, and he is.

And he just tried to fire a governor and now she’s suing to keep her job. Like you’re not really the president. You can’t tell me what to do. And I think it shows their blatant arrogance and how they think they’re above all laws. Yeah, the, the Federal Reserve is one of the most demonic entities I’ve ever researched from the standpoint of the Titanic, the, you know, air quotes. The Titanic, which is really the Olympic. How last minute, you know, different people on the Federal Reserve board just got off the boat. They were supposed to be there, but they just were like, I’ll go on the next one.

The biggest advertised boating thing in the world. Newspapers everywhere, everyone knew the Titanic. You could be a thousand miles away. You heard of the word Titanic? It was everywhere. And the whole thing was set up to kill the opposition to the Federal Reserve. If you really do your research. Yeah, you’re talking about the aster. Yes. Yep. So, so if you do your research, don’t take my word for it. Everything I’m telling you, fact check me, please. Because when you look into the history, you understand. Same thing with 9 11. You look and see why. All you have to do when there’s a major tragedy, a lot of people lose their lives is just follow the money.

Building 7, 9 11, Building 7. You see, I see pictures of explosions coming off the side of it going down. We don’t have to go super, you know, nuts here, but at the end of the day, if you understand where the money is and you under follow the money, that tells you what motivates people. There’s people that spend 40 years of their life waking up at 6am, coming home at 6pm just to barely get by, afford milk, food, electricity, gas. You don’t think money’s important and the people up top aren’t going to do things that is despicable and, and evil to maintain or grow money or power.

Think about it like I think the population is easily manipulated and controlled and treated like sheep and enslaved is because it’s hard for a good Christian God child to believe that somebody could be that bad. Because I know I’m not that bad. I know I can never hurt my child. I know I can never hurt my wife or cheat on my wife, or beat my wife. But there’s people out there that do it every day. And you have to put yourself in their shoes and say, okay, if I was a sociopath, which all politicians are by the way, it’s all about them, or they wouldn’t waste their time running.

So if I was a sociopath, why would I act a certain way? And it’s hard for people to take themselves out of it and look into it. And I was blessed enough to meet a lot of very good people in Wall street, believe it or not, that we’re fighting against the, the, the 12b1 fee, class A share fund fee, money management fee, annual county mutual fund expense fee, flat AUM fee. If Wall Street’s taking 1.5% a year on average of your retirement account, what’s 1.5 times 30? That’s 45%. But that’s if it was simple, as if they were charging you only on your contributions.

They’re charging you on your contributions and, and your account value. So if you have a million dollars, 1.5% is $15,000 they’re charging you because it’s a percent, not a flat fee. So you’re literally giving away half your money, half, over half to Wall street in the form of fees. And then when you pull the money out, you’re giving up over half of your money in the form of taxation. Federal tax, state tax, fica, Medicare, unemployment, Social Security tax for every dollar that comes out. There is a way, there’s a better way than a 401k, which by the way, any of your listeners want.

All of my books, absolutely. For free. For free, zero cost, no cost whatsoever. I’ll send you my books, my magazines, my articles, my radio show link, my, my website, every, everything for free. Just send an email to info at Ironhawk Financial. Info at Iron like the metal, Hawk like the bird, financial.com. and that’ll automatically be sent out to you. If you want to meet or we want to talk, send your phone number. Just put. Hi, heard you on the. Dave Hodges. I’m Bob, phone number 12345. There you go. My sister, the COO of Ironhawk Financial is out in Arizona, I’m in Connecticut.

She runs my Ironhawk west division. She’ll reach out to you personally and then she’ll book a calendar. Right. They’ll book you right on my calendar. So last time I was here, Dave, I met over 50 of your listeners and I’ve helped like 30 of them. I probably saved your listeners, no joke, about $15 million in taxes. And I’m not over exaggerating. And I got the receipts. Well, we had, I had good feedback. I had people write to me and thank me for having you on. There’s no question. Well, let’s get down to it a little bit.

You have, you have a system, I think actually a multi dimensional system. And your system is working to save money. At least that’s the feedback I’m getting from people who have done it. So let’s tell people how it works. So what you do is you, if you are con, if you’re contributing to a qualified account, and the qualified word comes from the irs, which means tax later. Money that’s taxed later is called qualified. Okay? Right. So I got, I got a deduction, which you think you got something. No, you got a deferral, right? If you defer $10,000 in your 401k, you believe you’re misguided here.

You believe you just saved. If you’re in a high tax bracket. I put 10 grand and I just saved $2,000 on my taxes. You didn’t save anything. You just deferred $10,000 of future growth. Of future taxable dollars plus growth. And with inflation running the way it is, with our U.S. debt clock at $37 trillion, taxes have nowhere to go but up. In the 1980s, the highest marginal tax rate was what? 70%? Federal. Just federal. Not state FICA, Medicare, unemployment, Social Security, just federal. What was it in the 1960s? 92%. You imagine going to work making 100 grand a year and netting $8,000? Well, that happened to people in the 1960s.

This isn’t. You can look it up. Just type in 100 year highest marginal federal tax bracket picture and I’ll even send you that link if you ask me for it, it’s pretty easy to find. So if you understand that the taxes are going to be an issue, right, stop writing your dollars off for instant gratification because all you’re doing is enslaving your future self to enrich your present self. And nobody is going to take care of your future self unless it’s you. So when you talk to your accountant, what is the question most Americans ask their accountant? How can I save money today? So your accountant’s like, well, defer 40,000 into a simplified employer pension, you’ll say 15 grand today.

You don’t ask the right question. If I was talking to my accountant, my cpa, my tax attorney, which I have all three when I talk to them, I said, how can I save the most amount of money over my life? And how can I save my children, which I have three of them, the most amount of money over their lives for legacy planning. And the question is not deferring to the government, Wall Street, IRS, BS where they handcuff your money to your 59 and a half. You could save a couple bucks today, which actually costs you 10 times more money in 25 years if you do the math.

If the dollar you save today costs you 10, if you’re writing off 40, you save 15. That’s going to cost you 150 grand to save 15,000 bucks. Men lie, women lie. Numbers don’t lie. I can show you the numbers when you understand that people don’t do long term of holistic planning when it comes to finance because they’re just trying to barely survive in this rat race of a culture we have here in America, which is your dollars, you’re in slavery, all that stuff I can, Joe, I can barely keep up with my normal bills. How can I invest long term? And if I just click a button at my work, they just take the money out before I get it.

And I don’t trust myself because I have 193 people every day through on my phone, on my computer begging me to buy something. How many times are we advertised a day? And then you’re tired, you had a fight with your wife, your kids got in trouble at school, you just didn’t close that deal you want and you’re drunk scrolling at 10, 11 o’ clock on your phone. What do you do? You buy crap you don’t need and all you’re doing is hurting yourself. So it’s having a plan. I mean the number one strategy to be completely honest is have a financial plan.

Say I’m going to take charge of my dollars. If you’re trying to lose weight, what do you do? You take charge of your calories. If I’m trying to become rich, I’m going to take control of my dollars. I’m going to know where every dollar is going. Every dollar has a purpose. This is for short term, this is for long term. This is to pay off that high interest debt. You’re not. Does it make sense to invest money when you owe American Express 50 grand at 29.99? No, don’t invest with me, don’t invest anywhere. Pay off that card because you’re not going to earn 29.99 tax free every year.

So these are the principles that the educational system which is owned by the federal government doesn’t teach you on purpose. Isn’t it crazy? We have doctors graduating with MBAs that are going to cut you open and save your life, but they can’t balance a checkbook. Yeah. Isn’t that a little weird? Why, why isn’t there more money put into our math, which by the way we’re 27th in the world but we spend the number one amount of money on STEM. But so you have to understand it’s all set up to keep you smart enough to work so that you can go out there and make the government money, but not smart enough to figure out the game.

That’s what Carnegie said when he helped set up public school system with Rockefeller and others. He said we want these immigrants to be smart enough to do their jobs, but not so smart that they won’t follow orders. Yep, it’s true. It’s true. Look at, look at our generation. I have three kids, I got a 16 year old, 13 year old, 10 year old. I love them to death but man are they dumb. And I’m in a very wealthy town in Connecticut, which is a very wealthy state. And the education here, every, every teacher is one of the highest paid in the zip codes.

And these kids are dumb. And I’m not trying to be mean. It’s just not their fault. It’s the education is failing them. The no kid left behind. So if you have one kid who’s not that bright due to a medical issue due to at home trauma, every other kid has to now be at that level. How are we going to excel? How are we going to grow as a country? How are we going to compete in the marketplace as a country? I digress. But it’s one of those things that you have to understand when it comes to money, you have to make Sure.

A, you have a strong foundation. B, you’re totally out of debt. I mean, no debt. I mean, if you want to have a mortgage, fine. The debt I have, I have a Jaguar 600 horsepower SVR F pace. That’s 3.3% through the credit union. That was free money. When inflation’s running at 7. I’m making 3.5% on that loan I’m paying 3.3 on. So why would I pay it off? There is good debt, you know, rich dad, poor dad. There is good debt. There is opm, other people’s money that I leverage because I have an 840 credit score and I make seven figures a year.

So I can leverage that. A lot of your listeners can’t. Right. So there’s other ways, other strategies to do it. And, and the real gist of the strategy is twofold. You take your existing qualified money, your IRAs, 401ks, all that fun stuff, you carve out a piece, you keep summing gold and silver. Because I know your listeners love gold and silver. I think every listener I talked to owned some sort of gold and silver. One of them had 5.5.5 million in gold and silver. He did a really good job, you know, advertising that over the years.

And they’re doing really well. So kudos to you, Dave. Before you go further, though, let me ask you a question. I’m getting asked this by my audience because 1932 and FDR, people that have gone to meticulous savings on gold and silver. Will it be confiscated, in your opinion? It has to. They did it once before they did it. Yeah, they did it. It’s history repeating itself. And then, and then we. There’s house fines where people found gold and silver buried underneath the ground. Can you imagine? You split your life savings in gold and silver, you die, and your family has no idea where you buried it.

Oh, my God. That must, you know, it’s, it’s, it’s, it’s scary to really think about. Like, that’s even worse. At least, at least you want the government. There’s probably 3% of the government spending actually goes to good things. The other 97%, they steal and build bombs and kill women and children overseas. But at least 3% would have been, you know, going to a road or going towards a building, you know, that they, you know, train you to be an employee. Called the educational system. Just digress for a second. I wonder how they’d confiscate. I don’t see them coming door to door.

I think they’d probably just block the transaction of it, wouldn’t they? How do you think they confiscate the silencers and all the guns and the hundred round magazines when they change it? They have records of everything you bought. Unless even at pawn shops, right? All they have to do, there’s, there’s cameras. You know, they, they know that 85% of all the gold and silver that was purchased in the last 12 months is easily verifiable. Where it went easy. And, and as they make this a more and more cashless society, it’s even more so if they confiscate gold and silver and all your money in your, in your gold IRA and silver ira, and you went all in on gold and silver.

You got 1 million bucks, 5 million bucks, and they confiscated. What do you think the value of that is going to go to? No, and I hear what you’re saying, and also too, you talked about paper gold. There’s so much fraud in that industry. Oh my God. Paper for which, oh, it’s baloney. Oh, we have this building in Iowa that has 7,000 pounds of gold. But yet when, when, when the, when, when the President goes to look at where’s the gold for the, for the Federal Reserve gold, they’re like, we don’t know where it went. I don’t know where to go.

So, like, there’s a lot of fraud, a lot of fraud, and there’s a lot of derivatives. There’s a lot of things. And you think, well, if I own the physical silver, great. Have six months or a year of your expenses and that I’m cool. I tell my clients that I don’t, I’m not a gold and silver hater. I actually, I own gold and silver. It’s a very small percentage of my portfolio. I wear gold and silver. All three of my boys got nice gold chains when they turned 13. Because my dad bought me a gold chain when I was 13, told me the importance of precious metals.

So I, I, I love it, you know, but there’s a level of being like, okay, that’s enough. Right? I talked to one of your listeners, did 800,000 all in silver. That’s it. One, one asset they owned in their IRA silver. That’s it. And I’m like, yeah, it’s doing good now, but what did it do the past 12 years? Zero. So it’s like now you’re, you’re doing good. Okay, you won. Cash it in, right? If I go to the casino and I hit a million dollar jackpot, I’m leaving. I’m not giving it back. So it’s, it’s one of those things where I tell people, sell high, buy low.

Right. That. But people want to buy high. People are now buying gold and silver and I’m like, that’s, I mean that, to me, that’s the stupidest thing you possibly. Well, I think the crash is, is. Well, let me put it this way. Do you think there’s going to be revaluation of gold? Oh, 1 million percent. I agree. Cards. Yeah. The Federal Reserve is going to do it. Yeah. They don’t have a choice when that happens. If you sell early, you’re going to be in good shape before they can move on your assets. Oh, 100. I mean, think about it.

What is gold used for? Batteries. What are they pushing? Electric vehicles, Cell phones, silver, gold, platinum, cell phones, you know, electric, Electric batteries, electric vehicles. Computers, TV, smart TVs. They need it. They need the gold and silver to build the products to sell us. So they’re not just going to be like, oh, you know, we’re going to just let it sit in a vault in Illinois. If they needed to ship it over to, to China to have 6 year olds make your iPhones, they’re going to do it because they own everything. That’s absolutely amazing. One more point I want to make before we get into somewhat of talking about your method.

Our methods. When we, when we look at gold revaluation, what form do you think it’ll take? Will it be we wake up one day and gold goes from the $42 Bretton woods allowance in 1943 to where it goes to spot gold prices of about 3400? Is that how it’s going to happen? Is it going to be instantaneous? Are they going to piecemeal it in? What do you think? What the government loves to do. It’s called boiling the frog strategy. That’s true. Yeah. That’s what the government does with everything. They don’t, they don’t want riots in the street.

It’s just they want us slaves out there working so we can keep paying them the taxes they don’t deserve earned. So they don’t want. They don’t want. They want. Thinking about it, if I’m the owner of Federal Reserve, all my little rats out there in the rat race. Go. Run. Go Run. Make me money. Make me money. Cool. Make me money. I’m not doing anything. There’s no value. I’m bringing you as definition of slavery, taking something and taking something of value and giving nothing of value in return. Definition of Slavery. So that’s what, that’s what they do every day.

So they don’t want to just wake up. All right, on, on October 1, 2025, golden silver’s gone. They’re not going to do that. It’s just like they did the jab, right? It’s a slow progression. Oh, if you want, if, if you get the jab, it’s going to be great. And you know what? We’ll give you a free cheeseburger at McDonald’s. We’ll give you a free Subway 6 inch free sub day if you show you got the jab. So the first is going to be an initiative. If you trade in your gold and silver for the US coin for some change of currency, you’re going to get a bonus.

You’re going to get, you’re going to get 1.1 coins or dollars for every $1 worth of gold you bring. The first is going to be, I’m the nice guy, I’m the government. I’m here to help you. Yeah, they’re not mandatory. You’re not going to lose your job. You can still fly on planes and go to concerts and worship your, your religion in a church. Oh, absolutely. And then slowly but surely, well, you know, maybe we’re gonna have to cut it down with the traveling because you’re in a plane. You know, maybe the church, you know, it’s sort of an enclosed building.

It’s like, wasn’t Walmart enclosed in the grocery store? Don’t, don’t worry, don’t worry about that. No. So we’re, you know, they’re, they’re gonna slowly take it away, in my opinion, because that’s how they always do it. And they, and they’re going to pay celebrities like Kamala paid all these celebrities like Beyonce and then she didn’t even perform. Gave her a million bucks. Like she, she went bankrupt. And her own. Hilarious. But that’s, that’s what they’re going to do, right? That’s, that’s, that’s what they do. They, they buy influence, whether it’s tik Tok, social media, a country singer, a sports athlete.

And they’re going to tell you this gold and silver is great, but we really need it for this new AI that’s going to give you an iPhone with a electric car, with a laptop with a, a built in mark of the beast in your head or on your thumb there. It’s going to be awesome. But you got to trade your gold and silver in, right? The first going to be an incentive. Then it’s going to be if a punishment. If we find you at gold and silver at six months in jail and, and whatever the amount of gold and silver you have, you owe 10 times the amount as a fine.

Oh, shoot. Oh no, I, I can, I can, I can see that. So I guess my strategy should be, since I hold some gold and silver, is that when I see the prices escalate, make a best guess, don’t wait too long and then cash it in and get stuff that you actually need. Don’t put it into the dollar. Yes, give it. So to be honest, the safest place over the last 200 years documented has been insurance companies. It’s the safest place to put your money. You’re talking 187 year track record, never ever losing value, never ever going bankrupt because of reinsurance and net and earning double digit returns documented tax free for decades.

That has been the strongest. That is where all the rich people put their money. They don’t put it in an IRA or a 401k or their bank or under their mattress because they know they’re guaranteeing to lose 7%. If you have a bunch of cash and gold under your mattress, which is inflation. Well, at least gold, you hope it covers it, but cash, no. So this is the place they put their money and then they lean the money out from the insurance company and they use their life. They use, they use their life, right. We’re guaranteed to die.

So if you buy a $5 million death benefit permanent policy from a life insurance company and it grows and you’ve had it for a little bit and you have some, some growth in there and grew to 5.6, you could take that 600 grand out anytime you want, tax free, liquid lean it and still earn interest on it. Because there’s something called non direct recognition. So it’s, it’s when you, when you understand the rules and the logic and then you take your existing. Well, Joe, I already screwed up. I already have 300 grand, 500 grand in an IRA in a 401K and a SEP simple.

403B, 529 from my old life as a teacher, I was a firefighter, whatever. I have an old pension. You roll those into fixed index annuities. Right now over 500 billion with a B bubble baby, $500 billion has gone into annuities in the last 12 months. That’s where the wealthy people put them. Why would they put it there? Because the same rules that are in the index, universal life, IRS code 7702 is, is in the same investment strategy in the FIA, the fixed index annuity. So you roll your money into the fixed index annuity, then you take 10% out penalty free and you reduce your taxation because you’re not cashing the whole thing out day one.

And you clean those taxable dollars into tax free dollars inside the iul. Well, now I’ve just created a tax free account out of thin air, meaning all I had was this ira. I moved it to another IRA so there’s no taxes, penalties, fees. It’s absolutely free. You put the annuity wrapper around the ira, which turns it into a fixed income index annuity and then you have the 10% penalty free, the guarantee you can’t lose. Historical rates. Ready for this? 15.31% over the last 10 years, documented with a 130-year-old mutual double A, which is higher than A plus a double A insurance company that’s worth a trillion dollars with a T.

That’s what my clients do. And then they drip the money out of the annuity and they put it into the iul. Why do they need the iul? That’s going to cover your long term care, that’s going to cover your disability, that’s going to cover your liquidity, that’s going to cover all your big purchases in retirement, whether it’s a vehicle, whether it’s a vacation, a wedding for your grandchild or you know, or college for your grandchild. And even if you pull those dollars out, let’s see, with 100 grand in there, you pull 90 out, you still earn interest on the 100 grand.

So which means is if I pull the 90 out instead of me earning, if, let’s say you got 10% instead of me earning 1,000 bucks on the 10,000 I’ve left in the account because I took 90 and spent it, I’m still earning 10% of 100 grand, which is $10,000 profit on an account that has $10,000 liquid. So when you understand it and you stop selling your dollars and you start putting your dollars into your your own bank, once it’s in your bank, you’re going to earn interest on it until you die, guaranteed in writing. Because what happens is the death benefit is legally tax free, which it is.

Doesn’t matter if you have a term policy, whole life ul iul, it doesn’t matter. The death benefit is tax free. What if I lien that tax free death benefit? Are loans taxable? No, they’re tax free. It’s a loan. And what do I still Own it. So I’m still earning interest on it. Yes, minus the 5% loan rate. So. So you tell me the thing. It’s 15%, and I pay 5% interest to my. You know, to the insurance company to lien it. I can make 10% on money that’s not there. And I can take that, the money I took out, and buy real estate that has a residual income to offset my retirement income.

So I can earn two streams of income on $1. What? That’s sounds too good to be true. Why doesn’t everyone do it? It’s because we’re not legally allowed to mass advertise. Don’t you think that we would. Oh, you just opened up a can of worms there. You know what it reminds me of? You’re saying you have the two streams of income for the price of $1. It’s kind of like fractional reserve banking is to the Federal Reserve. Bingo. You’re the bank. That’s why my book is called being your own bank. Oh, my gosh. But, you know, there’s one thing we left out.

And you talked about the cost of keeping your money in a 401k. And I’ve discussed that here on my. On my podcast. But the thing is, they don’t tell you while you’re doing it in fine print, they tell you when you’re 73, you got to take distributions, and now you’re now the pipe Pied Piper comes home to roost right there in your pocket as they’re grabbing your money. So required minimum distributions. So they tell you you can’t touch your money to your 59 and a half. And they tell you you have to touch your money when you’re 72.

Exactly. Yeah, exactly. Right. That’s. That’s what I was getting to. And so they get you on both ends. It’s a rigged game. You know, when I was a young man and I started to figure out everything isn’t, as I learned in my economics class in college, I started to look at stories about how the wealthy avoid paying tax for the most part, and they. They give the money away to themselves. Is this what I was reading about when I was in my twenties? Yes. The strategies are around forever. Yes. This is what the ultra wealthy do.

They. They. They. There’s a way what the millionaires and billionaires do, right? I just read an article, right? The Jeff Bezos paid himself $1, right? Because he makes all his money leaning his stock assets and his life insurance and his real estate. You buy assets that you can lean Real estate, you get a home equity line, right? Iuls, you can do what’s called a loan or a lien against your cash value. You know, so you own an asset and then think about it. Do rich people tie their money up and handcuff their money for decades until they’re 59 and a half? Or do they leverage it while they’re still young and aggressively growing their business, their entrepreneurship, buying other income producing assets? Or do they tie it up and let the government do derivatives against your 401k and take $10 for every dollar you put in? When you talk to people who are in their 60s and 70s, is it more of building a legacy for their kids? Is it too late for them to really benefit from this process? Absolutely not.

The biggest issue is long term care. The second biggest issue is death benefit for legacy planning because that’s the only asset that you can leave to your children tax free. Skipping generational tax, generational gift tax. So it’s what the rich people do is they actually I’ve seen trusts set up in writing where there’s like, you know, a billion a b, a billion dollars of life insurance spread across, let’s say 45 family members in fine writing in the trust. It’s, it’s called an irrevocable life insurance trust or ILIT trust if you want to Google it. And what they do is they, they, and again, I’m not a licensed attorney, I just work with them every single day of my life.

So what, what you do, what they do is they buy that islet trust, they put a life insurance policy in there and they say in order to take a dollar out, you have to replace, place the value of the money you’re taking out in death benefit threefold. So if you cash out a million, you have to buy a $3 million policy to offset the million you cash out. If you take out 10 million, you gotta buy $30 million policy. So what that does, that guarantees the bloodline legacy is forever. And that’s the Rockefeller strategy. So while you’re alive, you’re leaning the money out because there’s a ton of it from your great grandfather.

So you have no income tax, it’s all legally tax free because it’s a loan or a lien against the policy inside of the trust. And then you had, then you buy new policies for yourself and there’s a clause as if you’re uninsurable, marry someone who’s healthy and put it on them. And if you don’t do that, you take nothing like literally they go like, it’s really detailed. I’ve seen it. It’s pretty cool because I work with some very, very wealthy people. People that you’ve seen every day on TV or in your favorite TV show. I work with and sports athletes.

So when you, when you understand how, how this strategy works, you don’t need to be a billionaire to do it. You can buy a small $500,000 a month IUL policy, overfund it with the right carrier, right products, right structure, right investment sub accounts, which it’s all I do every day, ten times a day. And my team does, I’m training my team. We’re all in all 50 states. We have agents in all 50 states. And so what you do is, is you, you build that out and then, well, Joe, I already have $4 million in an IRA.

What am I going to do? Well, you’re going to try to save less than $2 million in taxes because that’s what you’re holding for Uncle Sam. Two million bucks in your $4 million account. Wait, what, what were your write offs on that? I don’t know, 80 grand. So you wrote off 80 grand to pay 2 million. Great job. Right. System set against you. So what we’re going to do is try to alleviate that and drip that money out as fast as we can. So we take the 4 million, we put it into an income annuity. Income annuities are now a guarantee in like 8, 9% depending on your age payouts.

So if you have 4 million, 9% is, you know, 360K a year. We take the 360K a year as income. In 2025, we pay the $90,000 of federal and state tax on it. $120,000 federal, state taxpaying on what other assets and income generating assets you have. We clean that money, we put that into an overfunded life insurance, one for your wife, one for you, one for your husband, one for you, one. If it’s just you, then we just set it up for you. The reason why we do that is because your biggest risk is long term care.

Biggest risk. Your second biggest risk is estate taxes. How do I transfer this money? How do I, how do I not spend it down to need title 19? And how do I not, you know, give it to my, my family without going through estate taxes? The good news for estate taxes, which again hurt my business, is Trump increased the estate tax limit to like 27 million. So if you’re under 27 million, don’t worry about it. But if you’re at 10 million and you’re 50 years old, you’re going to be way over 27 million in 30 years with the rule of 72.

So these are the long term plannings you should do when you’re younger and healthier. Well, what if I’m older? What if I’m uninsurable? Use your child. I have so many parents that have heart issues. They’re 150 pounds overweight, they have diabetes, they have cancer. I want to do this, but no insurance is going to touch me. Use your kid. I could put on my kid and I can own it. Absolutely. As long as it’s your blood kid. Not like a step kid. I just tried to do a step kid, it just got declined two weeks ago.

So, blood kid. Okay, I put on my kid. Then what? Well, now you own it. And now when you die, guess what? All the money you didn’t spend is now going to automatically transfer to your son’s name upon your death because he’s going to be the contingent owner, which means a second in line. And so now not only are you setting up a legacy for yourself, setting up a legacy for your child. Now where’s that money going to go when he dies? You just set up a legacy for your grandchildren. Okay, I have, and some of the people who listen to the show who are in my age bracket or older, they probably have done what I’ve done.

A lot of them set up a trust with right of survivorship. Does that apply here? Yeah. So the, the IUL and the fia, the Fixed Index Annuity and the Index Universal Life, both act as trusts, meaning there’s an owner, there’s an insured and a beneficiary on the iul and they legally avoids probate, which is the whole point of a trust. There’s no other point of a trust just to avoid probate. The, the, the annuity has an owner and an annuitant, and a beneficiary, again, legally avoids probate. So you don’t necessarily need a trust, but they are compatible with trusts, meaning you can make the trust the owner, you can make the trust the beneficiary of the policy.

And of course you’re the insured or the annuitant. So yes, they work very well with trusts, especially second to die policies. If you’re trying to cover state taxes, if you have a big net worth, you do a second to die policy. Let’s say you buy a policy on you and your spouse and it’s half the price. You get double the amount of insurance because it’s on two people’s lives, it pays upon the second person dying. So that’s very popular. And then that would be compatible with an irrevocable life insurance trust. So you open up an eyelid trust, you open up a bank account under the Eylit trust, you put the cash in the bank account to fund the islet trust.

And then upon the death of the second person, the benefit your children most likely would be the beneficiary or a charity. I just set one up for. I had a client who does Sabbath. He’s worth about 12 million bucks and he pays $100,000 every seven years. Instead, instead of doing that, buy a life insurance policy. So now instead of him giving $100,000, you know, every seven years, he lives 21 more years, they’re giving him 300 G’s. We just set up a 5 million dollar tax free death benefit. Pile of money is going to go to the charity upon death.

So instead of leaving him 300 grand over the next, you know, 21 years, he’s going to leave them 5 million in his name. That’s pretty cool. There is some creative strategies in that field. Let me go back to a what if, what if the parents, the married couple, their health is not terrible, but it’s enough to be of concern to insurance company. But their kid has issues too. What question and they, and they may not have any other children. What would they do in that situation? So in that situation, what I usually do, there’s usually a healthy spouse and an unhealthy spouse.

That’s what I found doing this for 20 years. Like 90% of my clients over the age of 65, one of them is in really good health and one of them is in either social health or, or one of them is in horrible health and one’s in so so health. If one is in so so health, what you do is you buy the policy on that insurable person. You use the benefits of the policy, which is the death benefit, which you lean and leverage the death benefit and turn it into living benefits. You basically use your death and you use your death insurance while you’re still alive.

It’s actually called living benefits. The insured uses that. The uninsured person uses the cash value. So if, let’s say you had a $5 million policy and 2 million bucks in cash. Now the difference between the 5 and the 2 is 3. You can lean up to 90% of your death benefit while you’re still alive. If you need terminal, if you’re terminally ill Critically ill, can’t do two of the five daily living activities, clothing myself, driving myself, cognitive preparing food for myself, shopping for myself. If you can’t do two of those five things, you get a letter from the, the doctor, you send it to the insurance company.

Insurance says, yep, you need long term care. Then they allow you to accelerate your death benefit. So now you accelerate your benefit, let’s say 3 million. So now your death benefits back down to 2 because you accelerated 3 of the 5. Well, there’s still 2 million of cash. So that 2 million cash is now going to be used for the surviving, you know, unhealthy, uninsurable partner, you know, or spouse where they can leverage that money. Both are tax free. So every dollar you pull out of here is like pulling $2 out of your IRA, your real estate sales or your business because those dollars are going to be taxable to turn into tax free dollars to then be used for long term care.

Makes sense if you’ve got two spouses that have health concerns, but one is worse than the other, you can go with the one with the least and just take the hit on the rate. Is that it? Yeah. I mean, at the end of the day, let’s say your cost of insurance goes up, you know, $500 a month, you’re like, oh my God, that’s 6,000 a year times 15 years. Right? Six times 15 is about 90 grand. So you’re gonna pay an extra 90 grand in cost, but you’re still gonna save two, three million dollars in taxes.

And that’s if taxes don’t go up. So, so really you don’t have to be the picture of health with either spouse. You’re still going to save a heck of a lot of money. Yeah, I, I see where you’re going with this. We had a number of people, as we already indicated from my audience that came to you the, the first time you were on the show. What’s the process for getting started and how do you educate and then get them going? Yeah, so it’s pretty simple. You send the email to info at Ironhawk Financial. My email is joeironhawkfinancial.com you send it to me, I’ll send it out personally if you want.

If you said, if you send the info, I have it set up through another company, an AI company that automatically sends you everything out like, and then if you put your phone number there, my sister Marianne, she’s my COO of Ironhawk, she’s in Arizona, she’s going to reach out to you and she’s going to talk to you. Your assets, income liability, time horizon, risk tolerance. What is the cost of all this? 100% free one. Let me, let me say it again. It’s 100% free. I will never charge you a dollar ever. In our relationship, whether we work one day together or 100 years together.

My sister or my company, Ironhawk Financial will never charge you a fee ever. We get paid what’s called fyc, first year commission. So we bring a dollar to a company like Allianz, National Life Group, Fidelity, whoever, whoever we bring that dollar to, they send us what’s called an fyc. So I don’t need to double charge you like a lot of these. I’ll use a nice word, bad people, because there’s a word I want to say, but I want to be political. Oh, I know. Family friendly show. I appreciate that. But. So I don’t like what you’re saying and.

But it’s absolutely amazing what you’re talking about here. So this is another strategy in diversification. But it would seem like it might be the main strategy. Is that how that evolves? Yes. I call it the financial foundation. Okay. Because there’s four things that are guaranteed to happen to you. One of them has to and you have like a high 90% chance two of these will in your life, like 97% chance. So let’s say two of these four things are going to happen to you. I’m going to live long and die. I’m going to die early, I’m going to get disabled or I’m going to need long term care.

Two of those four things you have like a 90 high 90% chance. One of those, you have a hundred percent chance. I’m either gonna live long and die. I’m gonna die early, I’m gonna get disabled or I’m gonna need care. Right? My strategy, because I had my dad fall three stories, was a 27 million dollar construction company, had my mom die at 52 years old. Throws deliver from alcoholism and no life insurance. And I had my grandmother, you know, have a stroke and she lost $4.2 billion to a nursing home. I lived it all three. Lived all three.

So we know with my strategy, if you live long, you have a tax free pension, you’re protected from market loss, you’re protected from increased taxation because the government’s really good at spending money. That debt just keeps going down every day and it goes up hundreds of thousands of dollars a second. So we know taxes are going to go up. So it Protects my clients from increased taxation, protects them from the mark. Any type of downside. Because what people don’t understand, if I lose 50% in my market, in the market, I need 100% just to break even.

If I had a hundred bucks, I lose 50%. I have 50 bucks now. If the market gets 100%, it’s 100% of 50. It’s 50. I’m back to my $100. But if I lost 50, then gained 50, I’m still down 25%. Had 100 bucks, lost 50. I had 50. I gained back the 50% I lost. It’s not on the 100, only 50 bucks. So it’s on the 50s. That’s $25. 25 plus 50, 75. I’m still down 25%. So downside is huge if you’re in your 50s, 60s, 70s, or even 80s, because this goes up to 85 years old.

I have clients that are literally just turning 85, and I got them in right before. But this strategy will save you money on taxes. And I’m not talking about a couple dollars. I’m talking about hundreds of thousands of dollars to millions of dollars. How about on interest? You being your own bank now, you don’t have to Pay Ford of America 11.99%. You don’t have to pay, you know, capital one 11.99%. You are now going to be the bank leveraging your own dollars. Bingo. Yeah, I got it. Joe, we’re just about out of time, but I want to give those contact that contact information out one more time.

Can you go through that again? Yeah, it’s ironhawk financial.com which all my information’s there. Send an email out to infoironhawk financial.com and if you want to reach out to me directly, it’s joeironhawkfinancial.com Sounds good. Well, I’m gonna say you’re probably going to get a flood of people again, probably in greater volume now, second time you hear something, the more you understand it. I really appreciate what you’re doing. I don’t think I’d want to be you. I’d be ducking in public, but. But nonetheless. Well, you’re teaching the things that they avoid teaching in high school and college.

That’s a fact. So anyway, I appreciate you coming on. That’s good stuff. And we should probably talk off air soon. Sounds good. I appreciate your time, Dave. Thank you, Joe. Because we’re living in such difficult times, I have to bring this opportunity to you. Joe has decided to open things up and he’s going to teach you how to do what he does. And this is how the rich are making tons of money. It’s perfectly legal. There’s really no risk involved. You need to get involved. Go to DH ironhawkfinancial.com send an email, request the material DH ironhawk financial.com.
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