Insight on business, estate planning, finance, life insurance and tax-free retirement.
Wednesday February 1, 2012
It is amazing that the financial media has been able to actually get consumers to buy into the fact that in order to achieve high returns, you must be willing to accept large amounts of risk (aka, your risk tolerance). This is completely the antithesis of what sound financial advise should entail. There is no reason that you should be willing to accept this mindset and gamble with your financial security.
What have we been taught? We have been told to leverage assets, borrow money...
Posted in Equity Indexed UL , Financial Myths , Financial Strategies , Investing , Retirement | Make a Comment
Wednesday January 5, 2011
What is the longest distance between two points? In my experience, it's typically a shortcut.
Our society has created a culture that allows instant access to any and all the information we desire. We are self-diagnosing our own medical conditions without going to the doctor, buying life insurance on-line without an agent's advice, preparing our own trust, building our own websites and the list goes on an on. The old cliche, "you get what you pay for" has apparently escaped the minds...
Posted in Business , Estate Planning , Financial Myths , Investing , Legal Planning , Life Insurance , Retirement | Make a Comment
Monday December 27, 2010
Everyone believes that Bernie Madoff has been convicted of running the largest ponzi scheme in history and I would argue otherwise.
A ponzi scheme by definition is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that...
Posted in Retirement , Social Security | Make a Comment (4)
Wednesday December 15, 2010
How would you feel about investing all of your retirement dollars in the stock market? Most would not like the idea of potentially losing their money while others would believe they could beat the house. Personally, I am not comfortable allowing my hard-earned money to be subject to the rapid fluctuations in today's volatile market. If you were to tell your parents, spouse or friends that you were going to Vegas to play the odds, what would you expect their response to be? I would assume...
Posted in Equity Indexed Annuities , Equity Indexed UL , Financial Strategies , Retirement | Make a Comment
Monday January 11, 2010
“Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt,” observed William Cobbett on 1804.
Sadly, history repeats itself today. Our national debt is too high and will have to be repaid by either raising taxes, cutting benefits, or printing money. Current retirement plans are failing and not suitable for most individuals, and while market returns have proven themselves worthy in some past...
Posted in Equity Indexed UL , Estate Planning , Financial Strategies , Retirement , Taxes | Make a Comment
Saturday January 9, 2010
To fully understand the need to potentially modify your current retirement plan, you must understand how national debt, failing retirement plans, and poor ROIs (return on investments) play a predominate role in your financial security.
With the debt at $12.3 trillion and climbing, it is no secret that we are in the middle of an economic catastrophe. As taxpayers, the government has requisitioned us to support the baby boomers' social security, Medicare, and...
Posted in Financial Strategies , Retirement , Taxes | Make a Comment
Monday January 4, 2010
The financial landscape has dramatically changed over the last few years leaving the American public more confused and apprehensive than ever before. We are not even dealing with analysis paralysis as it has become more terrifying then ever to consider various investment options that would ultimately help people reach their financial goals, so people no longer act. With the mainstream financial media claiming that the recession is over and advising consumers not to worry is a slap in the...
Posted in Financial Strategies , Retirement | Make a Comment (1)