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Infinite banking has TikTok buzzing, but is it for you?

Published Mon, 25 Nov 2024 01:16:24 GMT

Scroll through TikTok’s finance feed and you’ll come across viral videos on “infinite banking.” The concept is making a splash on social media, fueled by celebrities like rapper Waka Flocka Flame.But infinite banking is nothing new. The term was coined by economist Nelson Nash in the 1980s and outlined in his 2000 book, “Becoming Your Own Banker: Unlock the Infinite Banking Concept.” The strategy involves tapping into the cash value of certain life insurance policies like whole life and treating it as a personal bank.Nash promoted infinite banking as a path to financial freedom and wealth creation. But it’s a little more complicated than Waka Flocka Flame and TikTokkers claim.HOW INFINITE BANKING WORKSWhole life insurance policies usually last your entire life and have a cash value component that grows at a guaranteed rate over time. This rate of return varies among insurers, but it’s typically around 5%, Barry Flagg, a chartered life underwriter in Tampa, Florida, and the founder o...

Mendicino announces first step of firearm buyback program, targeting industry

Published Mon, 25 Nov 2024 01:16:24 GMT

OTTAWA — Public Safety Minister Marco Mendicino says Ottawa has taken its first step toward launching its firearms buyback program, beginning with industry. Mendicino said at a news conference this morning that the government has signed a contract with the Canadian Sporting Arms and Ammunition Association to work with businesses and retailers that currently hold inventory prohibited under a May 2020 order-in-council. The cabinet decision to ban about 1,500 models of firearms the government says are unfit for civilian use came in the wake of a mass shooting in Nova Scotia, the deadliest in modern Canadian history.The association Mendicino named in his announcement tweeted during the minister’s remarks that it remains “skeptical” of this industry buyback program, citing concerns about a lack of implementation process.Mendicino says the Liberal government will be transparent about the cost of the program, which is expected to begin later this year, but he did not prov...

Sudanese crowd at borders to escape amid shaky truce

Published Mon, 25 Nov 2024 01:16:24 GMT

CAIRO (AP) — Crowds of families have been growing at Sudan’s border crossing with Egypt and at a main port, desperately trying to escape their country’s violence and sometimes waiting for days with little food or shelter, witnesses said Wednesday. In the capital Khartoum, the intensity of fighting eased on the second day of a three-day truce. Taking advantage of relative calm, many residents in Khartoum and the neighboring city of Omdurman emerged from their homes to seek food and water, lining up at bakeries or grocery stores, after days being trapped inside by the fighting between the army and a rival paramilitary group. Some inspected shops or homes that had been destroyed or looted. “There is a sense of calm in my area and neighborhoods,” said Mahasen Ali, a tea vendor who lives in Khartoum’s southern neighborhood of May. “But all are afraid of what’s next.” Still, gunfire and explosions could be heard in the city, though residents said clashes were in more limited p...

Slovenia: Bear lightly injures dog walker, amid cull debate

Published Mon, 25 Nov 2024 01:16:24 GMT

LJUBLJANA, Slovenia (AP) — A bear has attacked and bitten a man walking his dog in a village south of Slovenia’s capital Ljubljana, authorities said Wednesday.The man suffered a minor leg injury in the attack around 7.30 on Wednesday morning in Želimlje, some 20 kilometers (12 miles) from Ljubljana, municipal authorities said.The bear went back into the forest, where logging is currently taking place. Slovenia is an Alpine country covered in forests.Slovenia has been engulfed in a debate over the need for an organized culling of bears, amid demands that their population be lowered from the current 1,100 to around 800.Wednesday’s incident comes after two bears collided with cars on roads in central Slovenia last week in two separate accidents. One of the animals died and the other ran away injured.The Associated Press

Woman dies following house fire in Roseland

Published Mon, 25 Nov 2024 01:16:24 GMT

CHICAGO — A woman died Wednesday morning following a house fire in Roseland.At around 6:40 a.m., authorities upgraded the fire, located in the 300 block of West 108th Street, to a still-and-box alarm.Chicago fire initially arrived on the report of a person trapped.A woman in her 50s died as a result of the fire. Family looking for missing man with autism last seen near Midway There is no cause at this time as CFD continues to investigate.

Remains of Medal of Honor recipient ID'd 73 years after being declared missing in Korea

Published Mon, 25 Nov 2024 01:16:24 GMT

WASHINGTON (AP) — The remains of a U.S. Army corporal killed during the Korean War have been identified 73 years after he was declared missing and was awarded the Medal of Honor for bravery, U.S. and South Korean officials said Wednesday.Luther H. Story of Buena Vista, Georgia was posthumously awarded the nation's highest military award for his actions during an intense attack by the North Korean army on Sept. 1, 1950.U.S. officials said that Story “fearlessly stood in the middle of the road, throwing grenades into the truck. Out of grenades, he crawled to his squad, gathered up additional grenades, and again attacked the vehicle.”He was wounded in action and stayed behind so that his company could get to safety.“When last seen he was firing every weapon available and fighting off another hostile assault,” U.S. officials said.Story's remains could not be identified, and Gen. Omar Bradley presented Story's father the Medal of Honor at a Pentagon ceremony in 1951. The corporal was dec...

Sustainability: What chemicals to watch out for in women's wellness products

Published Mon, 25 Nov 2024 01:16:24 GMT

AUSTIN (KXAN) -- Deodorant, body wash, shampoo, moisturizer... these are just some of the products that could contain harmful dyes and chlorines that are not only detrimental to our health, but the planet's health as well.Meteorologist Kristen Currie spoke with Mia Abbruzzese, Co-founder and CO-CEO of Attn:Grace, a women's health and wellness company, about to be on the lookout for when it comes to healthy, sustainable products.Abbruzzese says the key is to pay attention to where these products are coming from, what's inside them, and where the product goes after. Are the products made from local ingredients? Can the bottle be recycled? Can the leftovers be reused?Below is a full transcript of their discussion. Edits have been made for clarity.Kristen Currie, KXAN News: We are talking about the importance of sustainability and being eco-friendly with women's health and wellness. So joining me today to discuss that is Mia Abbruzzese - let's jump into what we're doing and why this is ...

Police investigating lawnmower death in Danby

Published Mon, 25 Nov 2024 01:16:24 GMT

DANBY, Vt. (NEWS10) -- Vermont State Police are currently investigating the death of a resident from Danby. Police say Ransom Goodell IV, 47, was servicing a commercial lawnmower when it fell on him, causing him significant injuries. Get the latest, news, weather, sports and community events delivered right to your inbox! Police say Goodell IV was working on a lawnmower around 1:30 p.m. when it fell on him. Life-saving efforts were performed by emergency services, but Goodell was pronounced dead a short time later. Police say the death does not appear suspicious, and an investigation into the incident is active and ongoing. An autopsy will be conducted at the Chief Medical Examiner's Office in Burlington. Police did not release any more information regarding the case.

Derek Hough bringing live dance show to Albany

Published Mon, 25 Nov 2024 01:16:24 GMT

ALBANY, N.Y. (NEWS10) -- Derek Hough is bringing his "Symphony of Dance" tour to the Palace Theatre in Albany. The performance is set for November 10 at 7 p.m. Get the latest, news, weather, sports and community events delivered right to your inbox! Hough is a professional dancer, choreographer, actor and singer. He was a dancer on "Dancing with the Stars" from 2007 to 2016, winning the show a record-breaking six times with his celebrity partners. Hough is currently a judge on the show.The Palace performance will explore a multitude of dance styles including ballroom, tap, salsa, hip-hop and everything in between. Two-time EMMY winners, Napoleon and Tabitha Dumo, also known as NappyTab, will co-create, direct and supervise choreography for the tour.  Comedian Ilana Glazer to perform at MASS MoCA Tickets go on sale to the general public on Friday, April 28 at 10 a.m. You can buy tickets on the Ticketmaster website.

I-787 northbound crash near exit 2 cleared

Published Mon, 25 Nov 2024 01:16:24 GMT

ALBANY, N.Y. (NEWS10) -- According to 511NY, the crash on I-787 northbound near Exit 2; NY 32; South Pearl Street near the Port of Albany has been cleared.Check out NEWS10's traffic tracker. You can plan your route and see traffic delays in real-time!This crash initially shut down the right shoulder.