Doug chats with Rusty about the intricacies of the ‘Buy, Borrow, Die’ strategy. They discuss the mechanics of how the strategy works, benefits, potential risks, and answer related questions from listeners Nate and Sophia. They also answer Alex’s question from the mailbag about claiming unemployment benefits ethically and navigating asset allocation during market volatility.
Rusty’s “Homework”: https://docs.google.com/spreadsheets/d/1qflSynVvMlxcBw1kkKBfG3HFQNJV05b8/edit?usp=sharing&ouid=100827824204716910905&rtpof=true&sd=true
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
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Email the show: doug@milehighfi.com
0:00 Introduction
3:15 Basics steps of Buy, Borrow, Die
9:01 Mechanics & benefits of the strategy
13:51 Risks & downsides
23:18 Mathematical projections & comparisons
28:33 ACA & tax considerations
36:53 Question: Claiming unemployment
44:02 Entitlement to unemployment benefits
48:46 Question: Reallocating due to market volatility
55:55 Market predictions
1:00:14 Soundcheck – Vacation packing
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