WCI Has Been Bought | White Coat Investor

By Dr. Jim Dahle, WCI Founder

The White Coat Investor was offered 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 current WCICON (The Doctor Wellness and Monetary Literacy Convention). After three days of pickleball, laps across the lazy river, nice meals, top-notch displays, and folks endlessly thanking me for altering their lives and making me signal their books, I assumed possibly an enormous 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 through clever tax administration and SEM through low returns and making you pay curiosity as an alternative. We each need you to purchase junk from us: 18-ounce Yetis from WCI and $40,000 per yr complete life insurance policies from SEM.

Adjustments on the Firm

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

• Keynote: What You Have to Know About Complete Life Insurance coverage
• Keynote: Applicable Makes use of of Complete Life Insurance coverage
• Financial institution on Your self
• Infinite Banking
• Lifetime Financial Acceleration Course of (LEAP)
• Learn how to Pay for Faculty Utilizing Complete Life Insurance coverage
• Learn how 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 Be taught: Learn how to Get a Coverage for Everybody within the Household, Even If They Have not Been Born But
• Lunch and Be taught: Learn how to Alternate One Complete Life Coverage for One other and Generate a Utterly Completely different Fee With out Paying Any Taxes
• Learn how to Pay Lengthy-Time period Care Bills with Complete Life Insurance coverage
• MEC, 7-Pay, 10-Pay, and Endlessly-Pay: 4 Completely 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 Bought?
• Why the Man Who Bought You a Complete Life Coverage Now Sells Used Automobiles

It must be a extremely nice convention!

There have been a number of different penalties to the merger as nicely. For instance, the complete WCI workers give up in a single day. The podcast has additionally gone from tens of hundreds of downloads per episode to zero. And there have been a number 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 data right here:

My New Tesla (April Fools’)

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

Why (And How) We’re Disinheriting Our Youngsters (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, once they flip 18 and we ask them to start out making the premium funds, they’re going to must resolve whether or not to maintain them or secretly dump them whereas complaining to pals about how financially inept their dad and mom have been.

Enjoyable and Video games

OK, you may give up 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 number 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 for those who spit your espresso everywhere in the desk this morning while you noticed the title of this submit in your electronic mail inbox. It will not take lengthy to scrub up.

What do you suppose? 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?