Alan Porter is a retired Blackhawk instructor pilot who turned to financial advising after tragic events in his family. We spoke about how his military discipline—“I knew every nut, every bolt” of the helicopters he flew—shaped his approach to protecting families from financial risk.

The turning point came when his daughter-in-law used a little-known life insurance rider during her cancer treatment. “If it had not been for that, my son would be bankrupt.” Since then, Porter has focused on strategies that reduce taxes, eliminate debt faster, and create guaranteed lifetime income. He explains why “a 1% fee over 30 years will reduce your income by one-third” and how tools like fixed indexed annuities can lock in gains while guaranteeing income that lasts as long as you live.

Practical examples run throughout: he shows clients how to become their own bank, cut effective interest costs of 40%+ on debt, and set up tax-free retirement buckets. His goal is to shift mindsets away from outdated conventional planning and toward structures that “protect from lawsuits, liens and judgments” while building legacies for generations.

This conversation offers clear, tested ways to safeguard retirement and family finances while avoiding the hidden traps of traditional portfolios.

Key takeaways

Fees of 1% over 30 years can cut retirement income by one-third
Life insurance riders can provide tax-free funds during terminal illness
Fixed indexed annuities guarantee lifetime income and protect against market loss
Effective interest costs on debt often exceed 40% despite low rates
Becoming your own bank compounds interest for yourself, not institutions
Legacy planning strategies can secure wealth across multiple generations

Alan Porter: Can you secure $40K yearly for life?