Blogs for the 'Investments' Category

The End is Near… for 401(k)s

December 6th, 2013

It’s common practice for employers – especially in the service industry – to give their hard-working employees a discount.

It’s usually not a whole lot, but at least it’s something. And even the smallest of discounts can be appreciated because something is better than nothing.

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Exposing The Dark Side of Personal Finance

July 9th, 2013

Brian Kay recently sent this video to me. It’s a great interview with Helaine Olen, author of the new book “Pound Foolish: Exposing the Dark Side of the Personal Finance Industry.”

The interview – and her book for that matter – really sticks to it the talking heads of the personal financial industry such as Suze Orman and Dave Ramsey.

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This Financial Instrument Makes You Live Longer

May 13th, 2013

At some point in their lives, everybody has at least once worried about outliving their money.

It’s the ultimate Catch 22. Everybody wants to live longer. Nobody wants to live in poverty. But the longer you live, the more you’ll spend. The more you spend, the less you have.

It doesn’t have to be that way.

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PIMCOs Bill Gross: “We’re witnessing the death of equities”

April 4th, 2013

There are a handful of people who – when they talk about their global economic outlook or speak passionately about their beliefs – their words resonate deeply in those who hear them.

Warren Buffett is one. Steve Jobs was another. Bill Gross is right up there with them.

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Five Ways Life Insurance Can Aid You and Your Client’s Retirement Funding

March 15th, 2013

Too often, insurance agents fall back into the comfortable clichés of life insurance.

They put too much of a focus on the “just in case” selling points of life insurance. Even if you and your prospects live in a natural disaster area, by now most people know what looms ahead of them.

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What Elites Do With Their Money: Part II

March 6th, 2013

“Do what I say, not what I do.”

This might as well be the mantra for those that run our financial system and oversee the American Empire.

While our banks, the Federal Reserve, and the federal government keep the overwhelming majority of their assets in guaranteed savings, Main Street America gets thrown into the Wall Street casino.

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Is Indexed Universal Life the Most Over-Hyped Policy Ever Created?

January 4th, 2013

A good friend of mine is a wholesaler with Met-Life.

The other day he called to tell me about this hot-new insurance policy his Advisors were selling, called “Indexed Universal Life.”

He went on and on about how great the benefits were. Tax-free withdrawals. No downside risk. Stock market gains. Etc… 

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Why 529 Savings Plans Are Losing Their Cool

October 19th, 2012

You’d think that with the ever growing importance of a college education – combined with wildly escalating tuition prices – the popularity and reliance on 529 College Savings Plans would increase as well.

Not so.

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What Elites Do With Their Money

August 17th, 2012

I came across an incredible statistic that will probably leave you just as amazed as I was.

On page 170 of the book “The Pirates of Manhattan II: Highway to Serfdom,” author Barry James Dyke reveals this gem.

Some of the biggest banks in the world are huge investors in cash value life insurance.

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Creator of the 401(k): “This Monster is Out of Control”

July 27th, 2012

In 1980, Ted Benna threaded a loophole in the U.S. tax code in order to increase the retirement savings of Americans.

We’ve come to know his financial invention as the 401(k) plan.

Since then, millions of people have saved billions of dollars into their employer sponsored 401(k)’s. But often with disastrous results. 

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