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 »

Ques­tions and answers

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 »

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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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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