Family Bank® » Concept / Benefits

» The Concept

Nelson Nash coined the phase "Infinite Banking" and the possibilities are indeed infinite. Take a look at a few to consider. Recapture $0.54 to $0.64 of every dollar you earn that goes to interest and taxes.

  • Having tax-free income at retirement
  • Financing all your automobiles
  • Recapturing the interest you are currently losing
  • Saving for college
  • Financing Rent for School
  • Starting a leasing company
  • Family Getaways
  • Medical as well as Dental Expenditures
  • Back to School or Work Clothing
  • Boat Repairs
  • Gifts
  • Prevent Payment of Estate Taxes
  • Private Loans
  • Insurance - Health, Automobile, and so on.
  • Increase your Investments Return
  • Create a Family Legacy that Passes to Each New Generation
  • Reduce Tax Liability on Capital Investments

We will show you how you can set up personal financing for your children's college education that will make your retirement tax free! Contact us to discuss how Your Family Bank will work for your family. We will contact you to schedule a time to plan and prepare a customized analysis.

» The Benefits

Merrimack Financial enables individuals, families and businesses to create a personalized financing program to capture some of the interest normally paid to financial institutions, and operates similarly to the federally chartered bank down the street. Your Family Bank® teaches the individual how to have freedom from the traditional method of financing, which means you will no longer be dependent on banking institutions or finance providers for funds. By becoming your own bank, you are able to keep the loan interest as well as the principal--you take back control over the loan stipulations and, ultimately, you transform your debts into assets.

Most people are in agreement that they would like to have their very own bank but very few are prepared and capable to undergo the difficult, extensive and costly procedure for creating their particular federally chartered physical bank. This is where Your Family Bank® can help.

Where can you find a vehicle that minimizes the cost of wealth transactions by allowing you free accessibility and use of your hard earned money without worrying about the burdens associated with taxes, fees, penalties, or market risk? Where can you find a vehicle that allows your hard earned money to grow tax-deferred, with the opportunity of being withdrawn tax-free, offers guaranteed rates of return, tax-free dividends, a great level of asset protection, essentially limitless contributions--and the cherry on top--a death benefit which will pass income-tax free to your beneficiaries?

The solution is a dividend paying whole-life insurance. That's right! Whole life insurance can accomplish all of this and much more. Unlike conventional wisdom, we concentrate on the living advantages of these types of policies (not the death benefit, which is simply a benefit). You could be asking yourself how a conversation of banking has brought us to whole life insurance. Well, the truth is that there are no other financial vehicles that provides the same amount of protection while providing us the product characteristics we need in order to become our own bank.

A whole life insurance policy enables the policyholder to take policy loans by collateralizing the cash values inside the policy. The policyholder keeps complete control over these funds and determines the actual re-payment terms of the loan. That means that you, the policyholder, decide the actual interest rate, the amortization period and additional loan conditions--and you don't have to "qualify" in order to receive the loan. As your personal banker, you now manage the financial functions of your life, your loved ones, as well as your personal business. Take into consideration every item that you finance directly or indirectly. The ways that you can put your bank to work are virtually infinite. Please contact us for more information.

Merrimack Financial
» Philosophy

Merrimack Financial Services, Inc. has been teaching Merrimack Valley residents how to plan for retirement since 1992. Our unique approach to protecting assets, increasing income, and reducing taxes has made us the most sought after planning firm in our area.

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» Charles Schwab

We work with Charles Schwab to help prepare you for retirement.

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Consider a professionally managed, diversified portfolio of mutual funds or ETFs.

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