DEBT DIAGNOSIS

  SALT LAKE CITY — Not only are more Utahns tak­ing money out of their 401(k), but many of us are can­cel­ing our pay­ments into the account. AAA Fair Credit Foun­da­tion Pres­i­dent Pre­ston Cochrane said, “Peo­ple react quickly and maybe not as ratio­nally as they should, in fear of falling behind. They look at that and feel it’s their last option.” More »

Tax Qual­i­fied Retire­ment Plans, etc. By R. Nel­son Nash August 1, 2009   Back in 2000 I wrote Becom­ing Your Own Banker – The Infi­nite Bank­ing Con­cept and in it I briefly addressed the sub­ject of retire­ment plans and specif­i­cally Tax Qual­i­fied Retire­ment Plans. Since that time it has become more appar­ent to me that this idea needs to be addressed more fully.  Amer­i­cans have become increas­ingly depen­dent on an idea that is defec­tive and won’t work   Basi­cally, it is a Social­ist idea and his­tory has proved con­clu­sively that Social­ism won’t work. More »

How Much Tax Have You Really Saved When You With­draw Your Retire­ment Income From Your 401(k) 30 years later?

Step 1.

First we will look at the restric­tions your money has been placed under within this finan­cial vehi­cle, assum­ing a 30 year accu­mu­la­tion period. I call them the IRC 400 Plan GOTCHA’S More »

Video Inter­view for TIME MAGAZINE with Robert Kiyosaki

Rich Dad Poor Dad

Click here to view video

Robert — “I don’t need a retire­ment plan because all of my assets pro­duce income.”

Time Mag­a­zine Inter­viewer — “Are there some peo­ple who should play it safe, do the tra­di­tional route and just pick up a house, pay the mortgage?”

Robert — “That’s prob­a­bly the most dan­ger­ous thing you can do.”

The mid­dle class, which is dis­ap­pear­ing, are the ones who are pay­ing the taxes.

Robert Kiyosaki’s Poor Dad’s atti­tude was, “I have a PhD, the gov­ern­ment will take care of me, save your money.…. But as you are sav­ing your money the Fed­eral Reserve is print­ing tril­lions of dol­lars. How stu­pid can you be? Invest your money for the long term in a well diver­si­fied port­fo­lio of mutual funds. Send it straight to Wall Street so that they can pay their bro­kers 10 mil­lion dol­lar a year bonuses. How stu­pid does a per­son have to be? — wake up.”

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RETIREMENT PLANNING — FEBRUARY 19, 2011

By E.S. BROWNING

Jason Henry for The Wall Street Jour­nal The Web­sters thought they had “the per­fect plan” for retire­ment says Patti, pic­tured with her hus­band Bob. The 401(k) gen­er­a­tion is begin­ning to retire, and it isn’t a pretty sight. More »

1/3 of work­ing pop­u­la­tion to pay for 2/3 of retired pop­u­la­tion — soon coming

In 3000 days, about two-thirds of the now-working pop­u­la­tion will be 60 years old or older. This is a cer­tainty! Unfor­tu­nately, this leaves one-third of the now-working pop­u­la­tion to pay for all the gov­ern­ment social pro­grams for a major­ity of retired cit­i­zens. To com­pound the prob­lem, the costs of social pro­grams such as Med­ic­aid, Medicare, and Social Secu­rity increase every year. This leaves lit­tle doubt that increased tax­a­tion will be needed to main­tain these pro­grams. More »

Two videos -

The first reveals the hid­den fees charged to your 401(k) and the sec­ond rec­om­mends retir­ing the 401(k) and using Life Insur­ance instead.

 

 

Click here to view video

 

 

This next video talks about how the 401(k) should be retired. 70,000,000 have lost money in their 401(k) and an alter­na­tive to sav­ing for retire­ment is Life Insur­ance. By Time Magazine.

 

 

Click here to view video

A 401(k) ALTERNATIVE

Insan­ity is doing the same thing you have been doing and

expect­ing dif­fer­ent results.

Ein­stein.

 

My main con­cern is  preser­va­tion of cap­i­tal, safety and guar­an­tees for your money.

If you like to take risks, what I sug­gest prob­a­bly won’t inter­est you.

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Whole Life Insur­ance vs Social Secu­rity — Galve­ston Did you know that in 1983 con­gress changed the laws so that other coun­ties could not copy what Galve­ston had done 2 years ear­lier. Galve­ston County (like a few oth­ers before it) pulled out of the Social Secu­rity sys­tem because they found a safer and more flex­i­ble and lucra­tive way, for the aver­age per­son, to save for retire­ment. Is this bla­tant proof that con­gress does not make deci­sions based on what is best for the peo­ple of the United States of Amer­ica? Yes it is. Some may say that they did so because Whole Life Insur­ance was not good. It has been given a bad name and a bad wrap from the finan­cial guru’s but that is because they either 1. Do not look at it’s value, only it’s cost 2. do not under­stand how to use it prop­erly and/or 3. they are receiv­ing cash to edu­cate the pub­lic in a cer­tain way. Read here a report after 24 years of using this sys­tem how whole life insur­ance has far out paced what social secu­rity would be offer­ing these same peo­ple, had they not opted to get out of the sys­tem. Of course, if reg­u­lar old whole life can out­weigh the ben­e­fits of social secu­rity, imag­ine what a spe­cific whole life pol­icy that has been designed with cer­tain rid­ers to increase the cash value and the tax advan­taged growth to the super­charge level could do for your retire­ment. If you want pre­dictabil­ity, guar­an­tees, secu­rity and tax advan­tages in your retire­ment; while pro­vid­ing an emer­gency fund and loan pro­vi­sions for per­sonal or busi­ness ven­tures through out your life, all with the same money, con­tact me today — Jen­nifer @ 845 – 649-7487

I chal­lenge you to let me know of any finan­cial vehi­cle that can beat this div­i­dend pay­ing whole life pol­icy, with a mutual com­pany, in it’s growth poten­tial, it’s safety and secu­rity, it’s funds availability/liquidity, it’s tax advan­tages and it’s liv­ing and legacy benefits.

This is a Wall Street Alter­na­tive and I know of no other finan­cial vehi­cle that is as good as this as a liv­ing ben­e­fit that can be used sim­i­larly to your own pri­vate bank­ing sys­tem but that has a death ben­e­fit to top things off. Let me explain the num­bers below.

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Multi Task Your Money by Under­stand­ing Core Bank­ing Principals

and Tier One Assets

It seems to me that what we are con­stantly being taught to do with our money is exactly what is best for the finan­cial insti­tu­tions. They have their prof­its in the fore­front of their advice to their cus­tomers. You and only you have your own best inter­est at heart and so it is imper­a­tive for you to make the effort to under­stand bank­ing prin­ci­pals and con­cepts so you can do what the banks do, not what they tell you to do. We seem to be con­stantly advised to put our money here and put our money there which is divid­ing up our money and hav­ing it per­form one action/advantage at a time. We are taught to UNI-TASK our money and are sold mul­ti­ple prod­ucts to ser­vice this the­ory instead of solutions.

Look at the fol­low­ing finan­cial vehi­cles with two ques­tions in your mind — Who has the most use and con­trol of my money and how liq­uid is my money to me in this vehicle?

 

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