Saturday, July 19, 2008

Buy Term and LOSE the Difference pt2

Now that I have your attention with the flaws of "Buy Term and Invest the Difference"(in cased you missed it, read the first part of the article..) let's explore WHY I dislike a person who believe this strategy is the best for people 100% of the time. Each of us are unique. We have our own thumb print, eye color, body size, family, gene pool, etc. What would make people like Suze Orman, PFS Agents, or Dave Ramsey think that Term insurance or this type of strategy is good 100% of the time? It is fallacious to think this. This does NOT mean that Buy Term and invest the difference is bad. I think it is a good starting point. My problem is the messages of this strategy are so DOGMATICLY against any other type of financial plan.
Here is the point, flexibility is needed when constructing a financial plan. Since every one's situation is different, their must be products implemented that have flexibility. For example, a two income household earning more that $180k per year can really take full advantage of most of the qualified plans. They would have to look at alternative products, Annuities, Universal Life, Whole Life, etc to accumulate wealth for their family. On the other end, a family earning $70 per year could take advantage of the same products also. It just depends on their goals. So when shopping around for a financial product to fix ALL your needs, stop and think. Financial Products are a part of the OVER ALL financial plan. The REAL product that is needed is the financial plan, not just ad naseaum slogans. If you are confused and need a REAL financial plan, call me today for your customize plan at 888-853-5293 or get FREE info at Do it now!

Monday, July 14, 2008

Buy Term LOSE the Difference!

While Buy Term invest the difference is great, but it has several flaws. What happens if you outlive the term? What is the cost of insurance after the term period? Can the advisor put in writing the future gains of a mutual fund? If an Advisor says he can GUARANTEE future returns on a mutual fund, then run away! What happens if I want to add MORE money to my IRA on an annual basis? How much do I need to have at retirement? When will I run out of retirement money? Will my 401k/IRA contributions be enough to get me to the goal? How about my estate tax, how much will go to the IRS? Cash value insurance can answer these questions with Authority in spades. Buy Term Invest the difference crusaders can't answer these questions with any authority because they only look at on small aspect of the huge financial planning picture: the cost of insurance. They miss the lost opportunity cost of Triple compounding, Tax-Free Income, Estate Taxes, Increased Premium rates AFTER the Term period on Term Insurance, and the instability and inherent risk of Investing in Mutual Funds. They get you focused on the Insurance Agent's "GREED" instead of focusing on the greed of the IRS, Brokerage Houses, and the people who promote these simpleton concepts. Buy Term invest the difference crusade was excellent in the 70s, but it is over. There are TOO many excellent products and concepts to locked into just this ONE financial plan. Buy Term invest the difference is a EXCELLENT starting point, but I would not want to finish there.

Sunday, July 13, 2008

Gas Prices-Stop Being a Slave to the IRS

If you are like most Americans, you are scratching your head and asking, why are the Gas Prices so HIGH? Well, that is a very good question, but here is the REAL question you should be asking: Why am I being enslaved to the IRS? Why am I throwing good money out the window each time I drive my car? Why am I making Uncle Sam Richer?
Instead of complaining about gas prices, start using the IRS to your advantage. Start your own business! There are plenty of business opportunities to suit a wide variety of interests, talents and skill levels. If you are in business to make a profit, and it is not a hobby; there are plenty of business related expenses to write Gas!
If you like to take lemons and turn them into lemonade, why not take inventory of your current talents, and start a part-time home based business. Start reading different books on home based businesses, they are plenty at your local library. If you have any thoughts on starting one up, call us up at 888-853-5293, or go to our web site at to register for FREE reports!

Thursday, July 10, 2008

Another Perfect Retirement Product

How would you like to have a wealth accumulation product that did the following:
  • Has stock market like returns
  • Never would lose the principle guaranteed
  • Tax-Free Retirement Income
  • Estate Tax Free Transfer
  • High Contribution Limits
  • Withdraw your money before 59 1/2

Would this be an excellent product? If you are seeking this type of product go to: for more information.