Look Before You LIRP: Why All Life Insurance Retirement Plans Are Not Created Equal, and How to Find the Right One for You

Again, was below my expectation buying a book, and receiving it in a very thin volume. Price could have been lower. Have not read it yet though.

My name is Randall Ware. I have read both of David McKnight's books. The Look Before You LIRP book is absolutely awesome! Every year the company I'm affiliated with host a convention in Las Vegas, because of David McKnight's Look Before You LIRP, I had the best convention ever. For the first time ever my team and myself where not just getting IUL information from the different vendors - who just tell you the highlights of their IUL plan - we were able to engage with real questions about those carriers products. One product provider was so thrown off by our question that he had to pull out his laptop to ensure that he gave us the correct answer. I totally respected that provider for that! My team and myself felt so EMPOWERED! Thank you so much for writing such a great book. The illustrations helped my team and I grasp the concepts you shared in the book. Especially me since I am a visual learner lol! I was one of the first to buy your book on the first day it was released! I read the first book and I really liked that it gave a balanced and unbiased view of each financial bucket (tax now, tax later, tax never). I just got your email about becoming a contributing writer for lifehealthpro.com and I can't wait to see what you have to share!

This second book by David McKnight, "Look Before You LIRP," helps to demystify what to me is at once the best, and the most under-utilized tool available in retirement planning. I am like most financial advisors in that my introduction to retirement planning focused almost exclusively on stock market-based strategies. We were not taught to plan for the increasing risk that today’s retirees face of higher tax rates (in fact, potentially dramatic tax increases). The LIRP strategy was never on my radar … not in the finance classes, the licensing exams, and definitely not in the brokerage training. Based on solid, dependable insurance concepts, the LIRP is simply not widely understood in the securities industry. In his first book, "The Power of Zero," McKnight compellingly presented the case for addressing three risk areas that could upend a traditional retirement plan: market risk, higher taxation (what McKnight terms “legislative risk”), and higher healthcare costs, particularly for long term care. And now, in "Look Before You LIRP," McKnight takes us under the hood of the LIRP, describing in detail how to find the most suitable combination of features for an effective LIRP strategy. Written in an accessible, conversational style, this book can be easily understood by the client, and even the most seasoned professional will learn new things. I know I did.

Helping me with the knowledge needed

Hi all - I'm a 35 year old physician, just starting to think about future-planning over the past year. The Power of Zero is perhaps one of the best (and most convincing) finance books that I've ever read, and definitely got me to change some of my core investment strategies. I wholeheartedly believe David's central thrust in that book, which is to say that by the time my wife and I retire, our tax % (even during a 'lower income' phase of live) will be higher than they are now. We're now maxing out our backdoor Roths, and naturally looked next to the possibility of a LIRP. "Look" is also well written and delivers a convincing set of arguments for the merits of a LIRP IUL, and warnings that 'all LIRPs are not created equally' and that one should really consider multiple plans carefully before committing to one. It's pretty obvious that David cannot endorse one specific plan or another... BUT: have any of the other readers of this book developed a 'short list' of THE BEST overall LIRP IUL plans which fill all of David's criteria. Has anyone done the leg work and found great SPECIFIC LIRP IUL plans that are safe, productive, have very low fees, feature cost-free distributions (eg no delta between interest rate on what you 'borrow' from the LIRP and what you 'owe' the LIRP), and offer a robust Long-Term Care Rider? Would you care to name them here? If anyone without a vested interest (eg non-insurance salesmen) is able to reply to this query, it would really help me (and other Amazon review readers) turn the valuable info within "Look" into effective action! Thanks in advance :)