WCI Has Been Offered | White Coat Investor

The White Coat Investor was bought this week to insurance coverage large SouthEastern Mutual (SEM) for the sum of $132,712.87. The motivation to promote principally got here from a latest WCICON (The Doctor Wellness and Monetary Literacy Convention). After three days of pickleball, laps across the lazy river, nice meals, top-notch displays, and other people endlessly thanking me for altering their lives and making me signal their books, I believed possibly a giant change in our lives was so as.

Alignment

The alignment between the 2 corporations appeared apparent. The CEOs of each corporations breathe oxygen. Each corporations have a presence in Utah. We each need you to scale back the quantity of tax paid in retirement: WCI by way of clever tax administration and SEM by way of low returns and making you pay curiosity as a substitute. We each need you to purchase junk from us: 18-ounce Yetis from WCI and $40,000 per 12 months complete life insurance policies from SEM.

Modifications on the Firm

Nonetheless, there have been a couple of penalties to this merger. For instance, the lineup of talks at WCICON26 has been modified. It now appears like this:

• Keynote: What You Have to Know About Complete Life Insurance coverage
• Keynote: Acceptable Makes use of of Complete Life Insurance coverage
• Financial institution on Your self
• Infinite Banking
• Lifetime Financial Acceleration Course of (LEAP)
• Easy methods to Pay for Faculty Utilizing Complete Life Insurance coverage
• Easy methods to Keep away from Property Taxes Through Low Returns
• Why You Ought to Pay Curiosity to Use Your Personal Cash
• Why Complete Life Insurance coverage Is Simply Like Your Roth IRA
• Why You Should not Care How A lot That Man Is Making in Commissions
• Why Commissioned Salespeople Make the Greatest Monetary Advisors
• Lunch and Study: Easy methods to Get a Coverage for Everybody within the Household, Even If They Have not Been Born But
• Lunch and Study: Easy methods to Change One Complete Life Coverage for One other and Generate a Fully Totally different Fee With out Paying Any Taxes
• Easy methods to Pay Lengthy-Time period Care Bills with Complete Life Insurance coverage
• MEC, 7-Pay, 10-Pay, and Without end-Pay: 4 Totally different Choices for Shopping for Your Coverage
• A Complete Life Insurance coverage Success Story
• The Different Complete Life Insurance coverage Success Story (Sure, There Are Solely Two)
• Complete Life vs. Annuities: Which One Is Higher Designed to Be Offered?
• Why the Man Who Offered You a Complete Life Coverage Now Sells Used Vehicles

It must be a very nice convention!

There have been a couple of different penalties to the merger as effectively. For instance, the complete WCI workers stop in a single day. The podcast has additionally gone from tens of 1000’s of downloads per episode to zero. And there have been a couple of dying threats judged to be “considerably credible” by native police and the FBI, however because the bullet holes have been comparatively small caliber, we did not fear about them an excessive amount of.

Extra info right here:

My New Tesla (April Fools’)

How Shorting Ethereum Helped Us Make Payroll (April Fools’)

Why (And How) We’re Disinheriting Our Children (April Fools’)

PSLF Canceled (April Fools’)

What We’re Doing Now

We have gone forward and brought the $132,712.87 we obtained from promoting the corporate, divided it 4 methods, and bought complete life insurance policies for every of our youngsters. Now, after they flip 18 and we ask them to start out making the premium funds, they’re going to need to determine whether or not to maintain them or secretly dump them whereas complaining to mates about how financially inept their dad and mom have been.

Enjoyable and Video games

OK, you may stop emailing me questions on Tesla options. Sure, I am sorry that 2024 submit about PSLF now feels manner too prescient. Sure, we’ll most likely preserve doing these although a couple of of you do not like them in line with this ballot taken at WCICON25:

Sure, that is an April Fools’ Day submit. Sure, I am attempting to make them much more apparent yearly. No, we didn’t promote the corporate. And no, we’ll by no means promote it to an insurance coverage firm that inappropriately sells medical doctors complete life insurance coverage insurance policies. However sure, I’m sorry should you spit your espresso everywhere in the desk this morning whenever you noticed the title of this submit in your e mail inbox. It will not take lengthy to scrub up.

What do you assume? What was your favourite a part of the submit? Which of our April Fools’ posts has gotten you the perfect? Ought to we preserve doing these April Fools’ posts?