SOLUTIONS for FINANCIAL WELLBEING -
Stay Away from 401(k) — A Safer and more Lucrative Alternative is Available.native
Feb 19th
A 401(k) ALTERNATIVE
Insanity is doing the same thing you have been doing and
expecting different results.
Einstein.
My main concern is preservation of capital, safety and guarantees for your money.
If you like to take risks, what I suggest probably won’t interest you.
So, stay away from the 401(k). Don’t take my word for it – watch all these videos and see what others have to say about retirement accounts. Stop the Insanity people. There is a safe and secure alternative. Banks, Corporations and Colleges have been using it for years. Now you should use it as well. See more videos below about this incredible alternative.
1. 60 minutes – CBS – 401(k) Fallout – Video
2. CBS News – The creator of the 401(k) stated the program just isn’t working - In 1980 Ted Benna created the 401(k). He now says the strategy of diversifying just doesn’t work.
3. TIME in partnership with CNN - It is time to retire the 401(k) – Video
What is so enticing about the 401(k)? There much better alternatives for making certain your retirement is going to allow you to continue living the lifestyle you enjoy now?
1. Tax deferred growth is constantly touted as a benefit – Let’s take a closer look at what this actually means: Isn’t the IRS saying – you don’t have to pay taxes on this bag of seed you put into your retirement account now, but, when you take out that bag of seed that has grown into 20 bags of harvest, then you have to pay tax on the whole twenty bags. O.K. ? And that is what we are all encouraged to do, and do do.
Tax Deferred is great when there is a way to have tax deferred growth AND have access to that growth tax free as well. Keep reading to find out how.
Some facts about 401(k)’s
1. Employer matches or at least adds funds to your plan –This is a tax deduction for them and means they pay you less money.
2. Must pay penalty for using money before you turn 59 1/2 – too bad that it is your money. You must pay to have any use of it because while you are using it, they are no longer able to lend it or invest it to make themselves profits.
How could you be using that money during your lifetime instead of being taught that you are not disciplined enough or too stupid to be able the best use of your own money. Learn how to multi-task your money and have control of your money. I am happy to share some pertinent information with you so you can be in control of your money. You are smart enough.
3. * 401(k) is only 30 years old. It is a broken system. 28.3% losses in 2008.
* Social security is 70 – 75 yrs old. Cannot sustain itself
16 paying for 1 retiree, now 3.5 paying for 1 retiree + work 5.9 yrs longer now.
* 82% of 65 year olds only have an average value of $182,213 in their IRA. Every IRA has an IOU to the IRS – 25% will go to taxes. How many years will what’s left last?
4. You have no control of your money after you put it in this account. Who decides where it is invested and how much growth it will earn or lose? Do you know?
5. There is no guarantee at all that you will not lose your principal or accrued interest.
6. Must pay taxes on all growth as well as the principal when withdrawn. Most people are still having to work, to at least age 65 so withdrawing this money increases your income. Do taxes usually go done over time?
7. You never know how much you will have upon your retirement. This is really helpful for planning your future, …NOT.
8. Who can even afford to put enough (extra) money away for retirement so you will be able to lead the type of lifestyle you are leading now?
9. It is time to stop giving your money away for other people to use at their will and start being in control of your own money. There is a much safer, much more stable, time-tested for a longer period of time, and has much more growth. Do yourself a favour and at least look into this system.
Superior Alternative
A Dividend Paying Whole Life Insurance with Specific Riders and Design is the solution. Only ONE Particular Patent Pending Policy Will Work Best. Call me to see which one I recommend.
Here is some general educational information about WLI. – Video
CNBC Interview on Insurance as a new asset class for the General Public. – Video
A Patent Pending Policy Offers all the advantages you see below and more.
Estate Tax Laws Have Changed for 2010 & 2011
Feb 15th
Minimize Taxes For Your Beneficiaries.
Many people feel they do not need a will because their taxable estate does not exceed the amount allowed to pass free of federal estate tax. These assumptions, however, should be reviewed given the current state of change in the federal estate tax laws. The federal estate tax laws in 2009, 2010 and 2011 are vastly different, for the moment and, therefore, it is important to have your will reviewed and updated as necessary this year.
Most wills were written with the existence of a federal estate tax. However, due to a loophole in the law, both the federal estate tax and the generation skipping transfer tax were repealed at the end of 2009, leaving 2010 without either of these taxes. There is still the gift tax, with the exemption of $1,000,000 during your lifetime, but the tax rate is reduced to 35% in 2010. (In 2009, this rate was 45% and 2011, it will increase to 55%. For both years, the gift tax exemption remains at $1,000,000.)
The federal estate and generation skipping transfer taxes, however, are both scheduled to return in 2011 at much less favorable rates than seen in the past 10 years. In 2011, the estate tax exemption amount will be $1,000,000 with a tax rate of 55% on the remaining estate. This compares to the 2009 exemption amount of $3,500,000 with a tax rate of 45%. Many professionals believe that Congress may retroactively reestablish the 2009 estate tax structure for 2010. This, however, remains to be seen.
Having your will reviewed during these changing times is important as the tax consequences have changed and unanticipated taxes could arise. (For instance, inherited assets subject to capital gain taxes.)
Further, your taxable estate may be larger than you think. For example, life insurance, qualified retirement plan benefits and IRAs typically pass outside of a will or of estate administration. But retirement plan benefits and IRAs (and sometimes life insurance) are still part of your federal estate and can cause your estate to go over the threshold amount. Also, in some states, the estate or inheritance tax differs from the federal laws. A properly prepared will is necessary to implement estate tax reduction strategies.
Tip: Changes in the estate tax laws and in the size of your estate may warrant a re-examination of your estate plan.
Precise Tax & Accounting, LLC
Contact me at (845) 649‑7487 for contact information for Precise Tax & Accounting,LLC
Banking Strategies Revealed — Live Webinars — Sign-up NOW!
Jan 27th
| REGISTER BELOW. NO CHARGE.
My hope is that after this webinar you will never see your finances in the same way again. That you will understand, how right now, you are a loaner of your money but you will know how to be the owner of your money. You will learn life changing information like the following. 1. Turn a payment liability, life insurance premium, into a wealth building asset. |
Whole Life Insurance vs Social Security
Jan 9th
Whole Life Insurance vs Social Security – Galveston
Did you know that in 1983 congress changed the laws so that other counties could not copy what Galveston had done 2 years earlier. Galveston County (like a few others before it) pulled out of the Social Security system because they found a safer and more flexible and lucrative way, for the average person, to save for retirement.
Is this blatant proof that congress does not make decisions based on what is best for the people of the United States of America? Yes it is.
Some may say that they did so because Whole Life Insurance was not good. It has been given a bad name and a bad wrap from the financial guru’s but that is because they either 1. Do not look at it’s value, only it’s cost 2. do not understand how to use it properly and/or 3. they are receiving cash to educate the public in a certain way.
Read here a report after 24 years of using this system how whole life insurance has far out paced what social security would be offering these same people, had they not opted to get out of the system.
Of course, if regular old whole life can outweigh the benefits of social security, imagine what a specific whole life policy that has been designed with certain riders to increase the cash value and the tax advantaged growth to the supercharge level could do for your retirement.
If you want predictability, guarantees, security and tax advantages in your retirement; while providing an emergency fund and loan provisions for personal or business ventures through out your life, all with the same money, contact me today – Jennifer @ 845 – 649-7487
Life Insurance, an asset class for general public for your Portfolio.
Dec 16th
Watch this CNBC interview about how Life Insurance is a safe asset that should be considered for your portfolio. You can be sure of a beyond decent return.
It is now an asset class for the general public. It has always been for banks, corporations and college endowments.
6 reasons to add life insurance as one of your assets, according to the CNBC interview.
1. High Rates of Return.
2. Mortality is recession proof.
3.Tax Free Gains.
4. Not correlated to stock market
5. Can be used for Charity.
6. Safe bet long term investment with high interest rates, virtually no volatility and it has a lot of liquidity during your lifetime.
Whole Life Insurance is not bad if you understand how it works.
Why I offer Dividend Paying Mutual Whole Life and NOT Universal Life or Equity Indexed Universal Life for the best ‘living benefit’ asset?
1. UL & EIUL have too many moving parts and they are tied to fluctuating market index.
2. They have not been around long. Whole Life has been around for over 150 years.
3. Top 3 largest insurance companies do not offer UL or EIUL because they are too risky. Banks shift risk away from themselves, so do what banks do.
4. Again, Do what banks do – one of their base reserves or tier one assets is cash value mutual life insurance policies, because they are safe and secure.
5. Most importantly – UL & EIUL do not offer paid-up additions which are what drives the best choice insurance policy’s growth. The best choice is the one and only one I offer because nothing can beat it. If you borrow $25,000 from a UL policy and then pay yourself back, you get no additional PUA, insurance which is paid up for life with a one time premium.
6. C.O.I. Cost of insurance. With UL the cost starts low but gets more expensive as you age which becomes a drag on the cash value over time.
7. Dividends are based and paid on the Face Amount, not the Cash Value amount.
The insurance policy I offer has three major unique advantages you will not find anywhere else.
1. How do you make the most of your policy as your own banking system? We have a unique education system. 20 cd’s and 365 page book that teaches you how to use your life insurance policy like your own bank. This is optional and is not needed to use the policy.
2. No one else has the proprietary blend that creates 70% cash value from day one of your policy. This is such a huge advantage. Regular policies offer zero cash value for 2 years and a few hundred in years 3 or 4.
3. No one has the capability of merging this specific policy with the award winning software system for financial guidance and tracking with lifetime, live help from the company except us.
Call me today to get your free of charge illustration. At least take a look before forming an opinion based on hearsay, spam or your past experience. (845) 649‑7487.
Tale of Two Brothers — tax deferred investment
Dec 7th
Seven years makes a huge difference to your wealth accumulation. So don’t wait. Start your own banking system as soon as you can. Fill out this form and email it to me today. No charge to take a look.
Best Life Insurance Policy Ever.
Nov 24th
I challenge you to let me know of any financial vehicle that can beat this dividend paying whole life policy, with a mutual company, in it’s growth potential, it’s safety and security, it’s funds availability/liquidity, it’s tax advantages and it’s living and legacy benefits.
This is a Wall Street Alternative and I know of no other financial vehicle that is as good as this as a living benefit that can be used like your own bank that has a death benefit to top things off. Let me explain the numbers below.
Mathematics for the Love of God — here is 101% proof
Oct 24th
Mathematics for the Love of God – here is 101% proof
Beauty of Mathematics !!!!!!!
1 x 8 + 1 = 9
12 x 8 + 2 = 98
123 x 8 + 3 = 987
1234 x 8 + 4 = 9876
12345 x 8 + 5 = 98765
123456 x 8 + 6 = 987654
1234567 x 8 + 7 = 9876543
12345678 x 8 + 8 = 98765432
123456789 x 8 + 9 = 987654321
Read the rest of this entry »
WALT DISNEY USED FUNDS FROM HIS LIFE INSURANCE POLICY TO BEGIN MANIFESTING HIS DREAM.
Oct 13th
WALT DISNEY USED FUNDS FROM HIS
LIFE INSURANCE POLICY
TO BEGIN MANIFESTING HIS DREAM.
Walt Disney borrowed money from his life insurance policy after the bank refused to lend him money to start a theme park, which is now the world famous DisneyLand.
Read the rest of this entry »
Turn a depreciating asset into an appreciating asset.
Sep 21st
Turn a depreciating asset into an appreciating asset.
A simple and common car purchase example:
Car cost $25,000 – term 4 years – interest 7.87%
1) Finance car through bank or other lending institution;
After 4 years you have paid the bank $25,000 + $4,222 = $29,222.00 principal and interest.
Suppose depreciated value of car is now $9,000, subtract that from total cost and that means this transaction cost you $20,222.
2) Finance car through your own banking system. Read the rest of this entry »
Multi-Task Your Money By Understanding Core Banking Principals and Tier One Assets.
Sep 10th
Multi Task Your Money by Understanding Core Banking Principals
and Tier One Assets
It seems to me that what we are constantly being taught to do with our money is exactly what is best for the financial institutions. They have their profits in the forefront of their advice to their customers. You and only you have your own best interest at heart and so it is imperative for you to make the effort to understand banking principals and concepts so you can do what the banks do, not what they tell you to do.
We seem to be constantly advised to put our money here and put our money there which is dividing up our money and having it perform one action/advantage at a time. We are taught to UNI-TASK our money and are sold multiple products to service this theory instead of solutions.
Look at the following financial vehicles with two questions in your mind – Who has the most use and control of my money and how liquid is my money to me in this vehicle? Read the rest of this entry »
Home Equity Line of Credit — Use to Pay Off Your Mortgage
Sep 4th
One Year Example of how to use your
Home Equity Line of Credit
to pay off your mortgage.
The way mortgage interest is calculated versus the way a home equity line of credit interest is calculated is a major reason why one can actually use a home equity line of credit to pay off a mortgage much faster while cancelling boat loads of interest charges as well.
Below is a list of 5 differences in the make up of these two home loans. 
Read the rest of this entry »
Interest — Rate vs Cost using 6% Mortgage and 10% HELOC.
Sep 3rd
Interest – Rate vs Cost using 6% Mortgage and 10% HELOC.
1. WHEN CAN YOU BORROW MONEY BUT NOT BE IN MORE DEBT?
I am a strong advocate of getting out of debt as soon as possible and staying out as long as possible.
The diagram below shows how by borrowing $5,000 from a home equity, personal or business line of credit to use as a principal-only payment to help pay off the balance owing on a mortgage, you aren’t really getting deeper into debt. You are really just repositioning the debt differently. Don’t you still owe the same $200,000 amount but in a different configuration? Why do this? Keep reading……
Rate of Return Myth — mutual funds
Aug 20th
RATE of RETURN MYTH on MUTUAL FUNDS
Here is some information about rates of return that may interest you, especially if you own mutual funds.
After reviewing the illustration below, see what is reported to clients without dollar figures and how the Rate of Return of 25% is allowed to be reported to clients even though they really made a loss.
