Category: Financial Planning

Bank On Yourself featured in AARP

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Saving Your Nest Egg in Tough Times
Saving Your Nest Egg in Tough Times

Pamela Yellen was recently interviewed by AARP about the Bank On Yourself wealth-building method for an article on “Saving Your Nest Egg in Tough Times.”

Scroll down to the second paragraph below the “50/50, if you’re 50” subhead to read the advice Pamela gave for investors age 50-65 who are fed up with watching their hard-earned nest-eggs shrink yet again.

What about investors over age 65?

Pamela also gave advice for investors between the ages of 66 and 85 who want to add more guarantees and predictability to their financial plan and bump up their returns without the risk of stocks and other investments.

Although there wasn’t space to include that advice in the AARP article, this is an increasingly popular option for Americans up through the age of 85.

This little-known option provides many advantages that annuities and CD’s do not have, including…

  • Provides guaranteed growth and a higher return
  • Exceptional flexibility and liquidity
  • Protection from estate taxes
  • Automatic long-term care coverage at no additional costs (in states where it’s available)

The Bank On Yourself Professionals are well-versed in this option and can conduct a free Analysis that will help you determine which plan is best for your unique situation.

If you’re not sure where you’ll find the funds to start a plan, don’t worry.  The Bank On Yourself Professionals are masters at helping their clients of any age restructure their finances to free up seed money to fund a plan that will help you reach as many of your long-term and short-term goals as possible – in the shortest time possible.

Remember – Wall Street already lost more than 45% of the typical investor’s savings TWICE in the last decade.  How would it affect you if this latest stock market rout is just the beginning of another look-out-below crash?

To find out how you can add predictability and guarantees to your financial plan and have the financial security and peace of mind that you want and deserve, request your FREE Analysis now.  You’ll be connected with one of only 200 financial representatives in the country who have met the rigorous training and requirements to be a Bank On Yourself Professional.

Check out these other articles that may be of interest to you…

Bank On Yourself Money Alert!

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Teleconference replay reveals the steps you must take immediately to protect yourself from Wall Street’s bloodbath

I just held an urgent Teleconference on what you should do right now to protect your family’s financial security.

A number of people told us they weren’t able to attend and asked if it was recorded so they – and the people they care about – could still listen to it.

You can listen to a replay of it below, or you can download the recording as an MP3 and listen to it on your own player or iPod now at:



I urge you to shut the door and put out a “do not disturb” sign while you listen to this critically important information which includes answers to timely questions such as:

  • Should you stay in the market despite the turbulence and wait for the market to rebound?
  • Is now the time to shift into gold?
  • Where else can you find shelter from the storm?
  • What can we do to encourage Washington to get its act together?

Find out what you need to do right now to protect your hard-earned savings and take back control of your financial future here:


Are you ready to do something different?

And if you’re ready to find out how the Bank On Yourself method can give you the financial security and predictability you want and deserve, take the first step right now by requesting a free Bank On Yourself Analysis.
REQUEST YOUR
FREE ANALYSIS!
You’ll also get a referral to one of only 200 financial representatives in the country who have met the rigorous requirements to be a Bank On Yourself Professional, who can answer your questions and show you how much your financial picture could improve when you add Bank On Yourself to your financial plan.

Nobody is going to twist your arm, and you won’t even be asked to buy anything at your first meeting with your Bank On Yourself Professional.

But at least you’ll know whether Bank On Yourself makes sense for you and your family.  So please request your free Analysis today.

 

Flight to Safety: What to Do With Your (Remaining) Money After Stock Market Delivers a Drubbing

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Investors have short memories.

Keeping that in mind, you might want to print this column and save it at the ready. It is timely reading this week and without any doubt will be again — sooDamaged Nest Eggsner than any of us want to admit.

Along with death and taxes, one certainty in life is that the stock market will gyrate wildly, each time robbing investors of any remaining sense of financial well being.

When a stock market quake hits, stunned shareholders always get airborne, seeking a flight path to safety. In the immediate aftermath, my in-box overflows with queries from shell-shocked individuals searching for quality alternatives to the Wall Street temblors.

My answers are pretty much the same each and every time, although I must admit I remain puzzled why so many people who cry “foul” when Wall Street shakes, soon behave like “fowl” and — despite their badly damaged nest eggs — wing their way back to their 401(k)s and other Wall Street roosts, often within weeks or months.

So, fully aware that I will likely be pressed into writing some variation of this column again in the not-too-distant future, I present three of the questions I’m asked most frequently and my replies:

1. Is Now the Right Time to Shift into Gold?

[Read more…] “Flight to Safety: What to Do With Your (Remaining) Money After Stock Market Delivers a Drubbing”

Dow Down 512 points – Have You Had Enough Yet?

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Protect your hard-earned money!

The markets are crazy and the economy may be unraveling.  We have some important and timely articles, interviews and advice planned in the coming weeks on how to protect your hard-earned money.  Subscribe to our free newsletter today, so you don’t miss any of it! You’ll also be able to immediately access my new 18-page Special Report absolutely free when you subscribe.

The Dow is down 1,300  points (give or take) in just the last two weeks, plunging more than 500 points today alone

The risk has been increasing daily that we will fall into another recession (if we aren’t ALREADY there), making it likely that the volatility in the markets will only continue – and maybe get worse.

If you have money in the stock market and you haven’t read the article I wrote on “Why You Need Dow 27,000 Today,” I urge you to read it now.

Are you sick and tired of the “hope and pray” method of building wealth?

Do you want to have a nest egg that grows by a guaranteed and predictable amount EVERY single year?

Have you just plain had enough? 

The drop was the largest one-day decline in three years.
The drop was the largest one-day decline in three years

If you answered “yes” to any of these questions, and you haven’t already added the Bank On Yourself method to your financial plan, please, please, please – DO NOT PUT IT OFF ANOTHER DAY!

Request a free Analysis now. When you request your Analysis, you’ll get a referral to one of only 200 financial representatives in the country who have met the rigorous requirements to be a Bank On Yourself Professional.

The Professional selected for you will be able to answer any questions you may still have and show you exactly how much money you can count on having in your plan at any point in time.

If you don’t like what you see, there’s no obligation at all and no one is going to twist your arm or try to hard sell you.

But at least you’ll know whether Bank On Yourself makes sense for your situation.

Wall Street already lost more than 45% of investors’ money – TWICE – just in the last decade

You may not vividly remember the sting of the last crash, but please don’t fool yourself into thinking it isn’t going to happen again.

More than $2 trillion of wealth has been wiped out in the past two weeks, but NO one lost a single penny in their Bank On Yourself plan. It’s an asset that has increased in value EVERY year for more than 160 years and remains the ultimate financial security blanket in both good times and bad.

So, request your free Analysis now.

The Recession is Over… If You’re On Wall Street

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There have been a spate of articles in the financial media recently encouraging retirees to catch up on savings shortfalls by investing as much as 40-60% of their nest egg in the stock market.

These “experts” promote the concept as if it makes perfect sense to make up for your gambling losses by doubling your bets.

Gambling On Wall Street

To me, it’s appalling that anyone would advise those who are already retired to gamble their life’s savings on the volatile, risk-filled world of Wall Street.

But my message – that Wall Street is unstable and potentially as explosive as nitroglycerin – is really not age specific. The stock market can (and will) blow up in your face at any age.

For most Americans – and Wall Street goes to great lengths to hide this truth – the stock market is a promise unmet.

Gambling On Wall Street

The success myth hyped by the financial services industry is like a casino showcasing its big winners, without mentioning that the prize pool derives from the much larger pool of losers who generate huge profits for the operators, but who themselves walk away worse off than if they had stayed at home.

Money isn’t the only price that the Wall Street casino extracts from most investors

[Read more…] “The Recession is Over… If You’re On Wall Street”

Getting to Know Pamela Yellen, President of Bank On Yourself

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In this candid conversation, Pamela Yellen really lets her hair down and reveals things about herself she’s never talked about before.

What kind of driver is Pamela?
What kind of driver is Pamela?
What kind of driver is Pamela?
What kind of driver is Pamela?

In this interview, you’ll learn…

  • Pamela’s early investing mistakes
  • How she first learned about the Bank On Yourself method of wealth building
  • How Walt Disney, J.C. Penney and other influential people have used this method
  • Why Banks use this to meet their Tier One (safe and liquid) Capital reserves requirement
  • Why Bank On Yourself Professionals earn much lower commissions than other forms of life insurance sales
  • Why this concept is not included on insurance licensing exams

    Pamela & her husband Larry
    Pamela & her husband Larry
  • Bank On Yourself “Inc.” doesn’t sell insurance or charge consumers anything…so how does it make money?
  • Introducing the Bank On Yourself Nation…soon to be the center of the universe when it comes to financial literacy education and learning to be self-reliant

So checkout this fast-paced interview now by pressing the play button below, or you can download the interview as an Mp3 and listen on your own player or iPod…

And if you still have any unanswered questions about Bank On Yourself or Pamela Yellen, please tell us in the comments box below…

Grow your money safely and predictability even when the markets crash…

Wondering how the Bank On Yourself method can help you reach your financial goals and dreams in the shortest time possible… without the stomach-churning ups and downs of traditional investments?

Request a free, no-obligation Analysis now to find out. When you request your Analysis you’ll also get a referral to one of only 200 financial representatives in the country who have met all the rigorous requirements and training needed to be a Bank On Yourself Professional.

Bank On Yourself Round-Up for week of July 13, 2011

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Here are short summaries of three of the most interesting and thought-provoking items that have crossed my desk this week.  Enjoy… and tell us what you think!

roundup
roundup

Would you be prepared if you suffered a 30% pay cut?

A shocking new report reveals that the average person’s pay levels off when they’re in their 40’s.  After that, about all you’ll be likely to count on will be cost-of-living adjustments to keep pace with inflation.

That will come as a real surprise to many people who assume their pay will continue to rise as they get older.

And if you lose your job while in your 50’s, you’re likely to remain jobless longer than when you were younger, according to the report.

Salary Cut
Salary Cut

Read this sobering and well documented article from the Wall Street Journal.1

What’s your best self-defense?  When planning for retirement, assume the only salary increases you’ll get will be cost-of-living adjustments.  And identify a worse-case scenario – such as a 20% pay cut during your final ten years in the workforce – and try living on that income and putting the rest into savings.

[Read more…] “Bank On Yourself Round-Up for week of July 13, 2011”

Bank On Yourself Round-Up for Week of May 18, 2011

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I hope you enjoy these short summaries of four of the most interesting and thought-provoking items that have crossed my desk this week…

Bank On Yourself in the News

401(k) savings reach a 12-year high

However, half of all workers aren’t confident about their retirement future. No wonder, considering 56% say they’ve saved less than $25,000.1

Bank On Yourself in the News

According to an article in USA Today2, many 401(k) participants increased their contribution some this past year.  If you’re one of them, or are considering doing that, here are some things to think about:

  • After a “lost” decade for stocks, before the market turned around in 2009, the 10-year returns of the S&P 500 were negative. Even after a near-record recovery, the 10-year returns remain meager – just 2.7% on an annualized basis for the ten years ending in April.3

Compare investing in a 401(k) to the Bank On Yourself method

That just about equals the inflation rate for that period, wiping out any real gain you might have had for the decade.  It also assumes you have no fees or costs (401(k)’s have some of the highest costs) AND assumes you’ll pay no taxes!

  • And speaking of taxes… what direction do you think tax rates are going over the long term?

    If you think they’re going up, as most people we’ve surveyed do, and you’re successful in growing a nest-egg in your 401(k), you’re only going to pay higher taxes on a bigger number!

    • [Read more…] “Bank On Yourself Round-Up for Week of May 18, 2011”

Beware the "Behavior Gap": Interview with Carl Richards

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I’m delighted to share this fascinating interview with Carl Richards with you.  Carl writes a weekly essay for The New York Times “Your Money” section and has been a Certified Financial Planner for 15 years.  His witty sketches have appeared in numerous publications, including the Wall Street Journal, Morningstar and The New York Times.

Carl Richards
Carl Richards, the Behavior Gap™

Over the years, he noticed that the actual real-life returns the average investor gets are dramatically lower than the return of the average mutual fund.  He named this phenomenon the Behavior GapTM and began devoting his energy to explaining why the Behavior Gap exists and what constitutes smart investor behavior.

Carl recently shared his surprising insights, tips and strategies with me in an audio interview.  I hope you’ll listen to it today – I know you will find it very helpful!

You can listen to the interview by pressing the play button below, or you can download the entire interview as an Mp3 and listen on your own player or iPod…

You can also download a transcript of the interview here.

Here’s what you’ll discover in this interview…

  • Why 80% of all actively managed mutual funds and investment advisors underperform the overall market
  • The #1 biggest mistake individual investors make over and over again… and why most will keep making it
  • The keys to being a smart investor
  • How to determine if you should be investing in equities at allfear-greed-cycle-high
  • The real key to happiness (it isn’t what you might think!)
  • How to practice “radical self-awareness” so you control your money rather than letting it controlling you
  • Why happiness is directly related to how much you focus on the things you can control
  • How to increase your wealth and happiness by focusing your energy on three things you do have control over!

You can listen to the interview by pressing the play button below, or you can download the entire interview as an MP3 and listen on your own player or iPod…

You can also download a transcript of the interview here.

Improve Your Financial Picture…

To find out how much your financial picture could improve if you added Bank On Yourself to your financial plan, request a free Analysis. If you’re wondering where you’ll find the funds to start your plan, the Bank On Yourself Professionals are masters at helping people restructure their finances and free up seed money to fund a plan that will help you reach as many of your goals as possible in the shortest time possible.

Full Potential Video Interview with Pamela Yellen

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Pamela Yellen was recently interviewed by James Rick, host of Full Potential. In this fast-paced video, Pamela reveals…

  • Why she’s so passionate about the Bank On Yourself Method
  • Why she created the $100,000 Challenge – a cash reward for the first person who can show they use a different strategy that can match or beat the advantages and guarantees of Bank On Yourself
  • Three tips you can use today to take back control of your money and finances

Improve Your Financial Picture…

To find out how much your financial picture could improve if you added Bank On Yourself to your financial plan, request a free Analysis. If you’re wondering where you’ll find the funds to start your plan, the Bank On Yourself Professionals are masters at helping people restructure their finances and free up seed money to fund a plan that will help you reach as many of your goals as possible in the shortest time possible.

James Rick, also known as “Mr. Full Potential,” is the founder of FullPotential.com and author of  “Unleash Your Full Potential.” James is a lifestyle strategist for living your best life, cutting costs and building wealth through what you love! So check out his other terrific interviews!