Using OPM (Other People's Money) to create Tax Free income

Saturday, June 20, 2026

In this episode of The My Money Is Safe Show, Greg Elie and Patti Jaynes explain how to use OPM (Other People’s Money) through their PSLIP (Properly Structured Life Insurance Plan) strategy to create tax-free income, legacy planning, and protection. The core concept involves clients contributing a set amount (typically $25,000–$50,000 per year for five years) while a bank or financing partner provides significant non-recourse leverage—often 3:1 to 10:1 depending on the beneficiary’s age—without requiring collateral.

Examples include a 55-year-old contributing $250k who receives $750k in matching funds and can later access roughly $60k/year tax-free income plus long-term care and legacy benefits, or grandparents funding young grandchildren (up to 10:1 leverage) to generate substantial future tax-free income or generational wealth. The hosts contrast this favorably with traditional 401(k) matching and Roth conversions, highlight its use by the wealthy, and note it can rescue poorly structured policies. They emphasize market risks amid high national debt and volatility, stress the importance of safe, tax-efficient strategies, and repeatedly invite listeners to call 800-297-5755 or visit mymoneyisafe.com for personalized consultations. The show mixes financial education with personal anecdotes and music.