Have you ever made a big financial mistake? You’re not alone. According to a Consumer Federation of America report, 67% of middle class American consumers (those with annual incomes of $30-100,000) owned up to a “really bad financial decision”, resulting in an average loss of $23,000.
The biggest fear that people over the age of 60 have is running out of money in retirement. And for many Americans, this is a very real risk, not an irrational phobia.
The answer is in an Infinite Banking policy. Nevertheless, most Americans put the amount they intend to save at risk by placing them in qualified plans, which are nothing more than investment vehicles controlled, not by you, but by the government, Wall Street and your employer. We would like to compare an IBC policy to qualified plans on four key elements.
Believe it or not, there is growing interest—even among market friendly economists—for the government to mail checks to every American. Guess it’s time to explain why this is a really bad idea.
The Center for Disease Control calculates that overall life expectancy in the U.S. is presently 78.7 years, with women outliving men by an average of 5 years, or 81 years vs. 76 for men. (Longevity is one area where there is no gender equality.)
“Your life does not get better by chance, it gets better by change.” – Jim Rohn Investors have short-term memories and are reluctant to change, which is why so many cling to the stock market, even when it’s on a downward trend, or overdue for a correction. If you have lost confidence in the market or are simply looking for … Read more
Not much in life is truly “guaranteed.” We can’t guarantee the weather, what other people will or won’t do, the direction of the markets, or even if we’ll be around to see tomorrow. And even most “guarantees” have exceptions. Your purchase is guaranteed – but only for 30 days, or unless you drop the item, … Read more
Share on Facebook Facebook 𝕏 Share on X X Share on Linkedin Linkedin Share on Email Email Direct Recognition and Non-Direct Recognition Insurance Companies Direct recognition and non-direct recognition refer to the method that the insurance companies use to treat dividends when there is an outstanding policy loan. When you take a policy loan, you … Read more
Financial education, or how money works, is not taught in our schools and the knowledge that we have is transmitted from our grandparents and parents.
Share on Facebook Facebook 𝕏 Share on X X Share on Linkedin Linkedin Share on Email Email Whole Life Policy Loans: How They Work One of the least known and best features of a whole life policy is its “living benefits”. These living benefits give you the ability to borrow against its cash value. As … Read more
