Category: Retirement Plan Alternative

Why you need Dow 35,000 today

by | Leave a Comment

I have an important question to ask you…

When do you think the Dow will hit 35,000?”

Does that seem like a crazy or dumb question? After all, the Dow closed 2015 at only 17,425. It would have to more than double to get to 35,000. But it’s not a dumb question. I’ll explain why in a moment.

For the last five years, we’ve been tracking the Dow Jones Industrial Average and what that number means to you in your real life.

Sure, the Dow has gone up and down, and it’s gone up more than it’s gone down. But is it up enough to actually give you a return that justifies after all the sleepless nights and stomach-churning highs and lows?

Then there’s inflation. Has the market, as measured by the Dow Jones Industrials, even kept up with inflation? [Read more…] “Why you need Dow 35,000 today”

Wealth Beyond Wall Street: Retirement Planning Solution or Scam?

by | 22 Comments

Have you been hearing radio and other ads for something called Wealth Beyond Wall Street offering a free book if you call a toll-free number?

The promise sounds enticing: Use an index strategy to share in the upside of the stock market with no downside risk. You may also hear that this is the same strategy used by Walt Disney and JC Penney.  If you’re wondering what it’s all about, I’m going to spill the beans in this review, including the ACTUAL strategy Walt Disney and JC Penney used…

Wealth Beyond Wall Street book cover
Wealth Beyond Wall Street book by Brett Kitchen and Ethan Kap

Wealth Beyond Wall Street is the brain child of marketer Brett Kitchen, and Ethan Kap, a financial representative. They typically appear together in pictures dressed in black suits and black sunglasses, standing next to a classic Mustang. (Reminds me of the Blues Brothers every time I see it.)

Wealth Beyond Wall Street book cover

Wealth Beyond Wall Street book by Brett Kitchen and Ethan Kap

Before Wealth Beyond Wall Street, they called it Safe Money Millionaire and the 101 Plan.

When you call their toll-free number to take advantage of their free book offer, you’ll also be offered a free consultation or “blueprint” from one of their financial representatives. [Read more…] “Wealth Beyond Wall Street: Retirement Planning Solution or Scam?”

Has the Risk You’ve Taken in the Stock Market Since 2000 Been Worth It?

by | 8 Comments

Take a quick guess – what do you think the average annual return of the S&P 500 Index has been since the start of the century almost 16 years ago?

Especially in light of the recent bull market, one of the biggest in history.

So what percent do you think the index has grown on average each year? Maybe 4%? 8%? 12%?

C’mon – humor me and take your best guess…

Okay… so over the last nearly 16 years, since January 1, 2000, the S&P 500 (which represents the broad market) has had an annual growth rate of only 1.96% per year. (Note: We are referring to the Compound Annual Growth Rate or “CAGR”.) [Read more…] “Has the Risk You’ve Taken in the Stock Market Since 2000 Been Worth It?”

President Reagan’s Secret 702(j) Retirement Plan – What it Is and How it Works

by | 18 Comments

President Reagan’s Secret 702(j) Retirement Plan is yet one more name that the Palm Beach Group has given to the Bank On Yourself method, which relies on a super-charged variation of an asset that’s never had a losing year in it’s 160+ year history.

Here’s a spoiler alert: The 702 J Retirement Plan is not an investment and not technically a retirement plan. It’s a specialized type of high cash value dividend-paying whole life insurance that enjoys tax advantages spelled out in IRS Section 7702 of the US tax code.

It’s a wonderful retirement plan alternative that has none of the volatility and unpredictability of traditional investing strategies.

So why didn’t The Palm Beach Group call it a “7702 J plan” instead of a “702 J plan”?

[Read more…] “President Reagan’s Secret 702(j) Retirement Plan – What it Is and How it Works”

6 Costly Retirement Plan Traps and How to Avoid Them

by | Leave a Comment

If you’re like most people I talk to, you’re making several critical mistakes with your retirement accounts.

These mistakes could cost you literally hundreds of thousands of dollars over your lifetime.

But what’s worse is how these retirement plan traps can cost you your family’s well-being, and mean the difference between having to struggle to get by during what should be your golden years … and being able to enjoy life’s luxuries.

With all the economic uncertainties and worldwide turmoil that have been churning the markets, it is vitally important that you know how to avoid these costly retirement plan pitfalls today.

That’s why I’m urging you to join me and our Director of Education, Lee McIntyre, for this special online event. You’ll discover which retirement plan mistakes you are making and how to avoid them.

Space on this online event is limited, and there is no cost to attend.

Here’s What You’ll Discover During This Online Event…

[Read more…] “6 Costly Retirement Plan Traps and How to Avoid Them”

Get all your questions about Bank On Yourself answered – Live Webinar

by | Leave a Comment

You’ve been reading about Bank On Yourself. You may have thought about trying the program. But you might have questions like…

  • “I don’t totally get how the concept works.”
  • “How can I be sure this is really legitimate?”
  • “Could this really work for me in my situation? How can I find out, without actually meeting with a Bank On Yourself Professional or feeling obligated?”

That’s why I’d like to invite you to join me and three of the most experienced Bank On Yourself Professionals in the country (learn why only 200 financial representatives have met the rigorous requirements) for a no-holds-barred online event where you can get all your questions answered anonymously.

Space on this online event is limited, so reserve your spot here now. [Read more…] “Get all your questions about Bank On Yourself answered – Live Webinar”

Can You Put a Lump Sum into a Bank On Yourself Plan?

by | 14 Comments

Updated April, 2020

One of the most-asked questions we get is about whether you can pay a larger amount of premium into a Bank On Yourself policy in the early years, to supercharge the growth.

The answer is “yes,” and the big advantage is that it allows you faster access to a higher amount of cash value that you can use for a variety of purposes.

Here are three common situations where people do “lump sum” funding of their plans…

Situation #1: A Better Place for Your “Safe Money”

[Read more…] “Can You Put a Lump Sum into a Bank On Yourself Plan?”

Is it Too Late? Am I Too Old to Benefit from Bank On Yourself?

by | 8 Comments

One of the most-asked questions we got on our recent “Ask the Bank On Yourself Professionals” live online event was when is it “too late” to start a Bank On Yourself plan?

A number of people said things like…

I’m only 10 years away from retiring. Can I still benefit from this?”

In most cases, the answer is “yes.” In fact, one of the Bank On Yourself Professionals who presented during the event walked us through a case study of a couple who became Bank On Yourself policy owners at the ages of 59 and 60.

Happy Retirement
Is it too late for a comfortable retirement?

I started my own biggest plan yet last year when I was 61. (Oops! I just gave away my age!) And people older than I start new Bank On Yourself plans, as well.

The Bank On Yourself Professionals are masters at structuring plans to meet their clients’ unique situation and goals – and they have a LOT of flexibility in plan design.

But there’s also a different kind of Bank On Yourself dividend-paying whole life insurance policy that I call a “Bank On Yourself for Seniors plan.”

This involves a one-time lump-sum premium payment, and then you pay no more premiums – ever.

These plans are available for people up to age 85, and even come with a FREE long-term care benefit for stays in a long-term care facility or for home health care, in most states. [Read more…] “Is it Too Late? Am I Too Old to Benefit from Bank On Yourself?”