tag:blogger.com,1999:blog-25492726554502214912024-03-05T16:56:30.029-08:00Achieving Financial Freedom with Teresa KuhnBank on Yourself (r) Authorized Advisor and radio talk show host Teresa Kuhn explores various money myths and misconceptions, advises readers how to get out of debt more quickly, avoid paying unecessary and excessive interest, and how to legally pay less in taxes.
Teresa's contrarian approach to building a solid financial future flys in the face of conventional wisdom.Unknownnoreply@blogger.comBlogger81125tag:blogger.com,1999:blog-2549272655450221491.post-31533578090695587322016-08-25T06:38:00.000-07:002016-08-25T06:38:09.183-07:00Why Another Housing Bubble is Looming...<i>Like 2006 all over again… Could the US be heading into another housing bubble? </i><br />
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By Teresa Kuhn, JD, RFC, CSA<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZAmomk8E-obPQ5Ex01w6V8fSHlB2KRBEOdX49frz77ljlryQsZZdHtCCTNnzMaIDiWPHNqL6o-kZvIYNmr-Tvln9xNWhSo90p92mbXioafi8kToWpZ7Yp7kXu348imoMTNJ5kCrnvm1FW/s1600/toolshed.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZAmomk8E-obPQ5Ex01w6V8fSHlB2KRBEOdX49frz77ljlryQsZZdHtCCTNnzMaIDiWPHNqL6o-kZvIYNmr-Tvln9xNWhSo90p92mbXioafi8kToWpZ7Yp7kXu348imoMTNJ5kCrnvm1FW/s400/toolshed.jpg" width="400" /></a></div>
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<i><span style="font-size: x-small;">This micro “house” in Brooklyn, NY, built from a tool shed, was recently listed on Tulia for $500,000…</span></i><br />
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Will 2016-2017 see a repeat of the housing meltdown that pulled our economy into a recession and destroyed millions of dollars of Americans’ wealth?<br />
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I’ve been looking at the trends lately and am seeing a disturbing amount of irresponsible practices creeping back into the marketplace; practices that directly contributed to the bursting of the last bubble.<br />
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The idea that a housing bubble is barreling down on us is controversial, to be sure.
Real estate industry insiders say that even though standards have loosened a bit lately,
they are nowhere near what they were in the days of stated income and no down payments.<br />
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There is a lot more documentation and a whole new set of requirements and hoops
that must be navigated prior to purchasing a home, they claim.
However, I have observed some unsettling trends that I believe will ultimately lead to another marketplace crash in the near future.<br />
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<i><u><b>Loans are getting easier to get</b> </u></i><br />
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Standards are once again loosening up with risky loans disguised as something innocuous. Many of these loans are, in fact, the same highly risky, subprime-style loans we had during the meltdown. The only real difference is now they are now being made with government (taxpayer) guarantees rather than originating with private investors. In spite of being coated with government promises, these loans reek of risk.<br />
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Mortgage software company Ellie Mae recently reported that the average FICO credit score of an approved home loan plunged to 719 in January, 2016 down from 731 a year earlier. This figure is well below the peak of 750 in 2011. Lower FICO scores, of course, correlate directly to higher risk of loan defaults. This is a dangerous sign that lenders are continuing to loosen underwriting standards.
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<b><i><u>Home prices are rising a lot relative to income</u></i></b><br />
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For the past few years, home prices have been rising about 5%-6% a year, but incomes are growing at only about 2% or 3%.<br />
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What does this mean? It is a tell-tale sign that housing affordability is worsening. As fewer people can afford homes various players in the housing market have a lot to lose and are pressured into relaxing lending standards even further to preserve the illusion of growth.<br />
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On the other hand, construction of new housing units over the last four years is at around half the pace of the bubble year construction. This lack of supply pushes home prices well above people’s ability to pay.<br />
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<b><i><u>Flipping is once again a hot pastime</u></i></b><br />
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Another sign that the real estate market is teetering on the brink of collapse is the resurgence in popularity of real estate speculation and home “flipping”.<br />
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Flipping is once again trendy and hitting levels not seen since just prior to the last mortgage crisis. In 2015, almost 180,000 homes were sold and then resold last year — the highest level since 2007. Frenzied flipping in metro areas such as New York, San Diego, and Miami is actually exceeding peaks set back in 2005. Low interest rates and easier credit once again make this possible.<br />
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Conclusion:<br />
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After researching current real estate market behaviors and seeing history repeat itself, I can’t help but side with economist and demographer Harry Dent.<br />
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Writing in <b><i><u>Economy and Markets</u></i></b> Dent observed:<br />
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“… I’m predicting net housing demand will fall – even turning negative over the next two decades – especially starting later this year.
This critical demographic indicator shows it won’t turn positive again until after the year 2039 – 23 years from now. The same indicator explains why the echo boom in Japan never caused a bounce in housing even after its all-time bubble highs and 60% crash.”
(http://economyandmarkets.com/markets/housing-market-markets/the-dumb-moneys-at-it-again-always-the-last-sad-sack-to-the-party/)Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-10787915087791838772016-03-02T05:39:00.000-08:002016-03-02T05:39:02.295-08:00Why insurance is one financial tool you DEFINITELY want to have...<i>“Now you’re up against the two biggest risks to your money – tax risk and investment risk (investment risk meaning stock market risk).
Nobody wants those two nooses around their neck, especially going into retirement,” Slott says. “Insurance is the kind of product where you can eliminate the taxes and the investment risk. So to me, that is essential for anybody who wants to sleep at night. I don’t know of any other product that attacks both risks at once.”- Ed Slott, CPA </i><br />
<i>“America’s IRA Expert”</i><br />
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By Teresa Kuhn, JD, RFC, CSA<br />
President, Living Wealth Financial<br />
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It’s hard for me to imagine how any financial advisor who truly understands the different phases of a person’s financial life can ignore the value of life insurance as an integral part of a wealth preservation strategy.<br />
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Yet, there seem to be many advisors out there that either don’t understand the difference between investing and saving or who are so dead set against permanent life insurance that they ignore its’ obvious advantages, to the detriment of their clients.
The financial media isn’t much help either as they continue to promote the largely discredited theory that everyone should “buy term and invest the difference.”<br />
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Here are just a few reasons that I choose to build my clients’ financial futures using the power of specially-designed, dividend-paying whole life insurance,<br />
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1<b>. Using life insurance leverages your money and creates wealth.</b>
In the long run, life insurance has the power to create more wealth than any other financial tool available to the average person. <br />
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This wealth ends up being more valuable than tax deferred retirement savings that are at risk of being taxed at future high rates.
The leverage power of life insurance means that one dollar put into a permanent life policy can become many more dollars that are tax free.<br />
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<i>Is Wall Street or your bank able to do the same? </i><br />
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2. <b>Life insurance is a good asset </b><br />
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“America’s IRA Expert,” CPA , author, and PBS host Ed Slott, says that insurance is a good asset. He explains that while most people with retirement savings have them in 401K’s and IRA’s, they don’t realize the vulnerability of this money when it is needed most…in retirement.
For example, funds in an IRA, distributions are not only taxable (in a traditional IRA), but the increased income they create could also trigger hidden or “stealth” taxes. These taxes include phased-out deductions, exemptions, and tax credits.<br />
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An income increase from an IRA distribution could even cause more of a retirees Social Security benefits to be taxed
These are hidden tax increases in the form of phased-out deductions, tax credits, exemptions and other benefits as income increases.<br />
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For example, an income increase from an IRA distribution could cause more Social Security benefits to be taxable or the trigger the 3.8 percent additional tax on net investment income from capital gains, interest and dividends.
These are some of the reason that Slott says traditional retirement accounts are uncertain and diminishing assets over time and recommends replacing such accounts with permanent life insurance using systematic IRA withdrawals.<br />
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<i>Wouldn’t you like to enjoy a better and more powerful long term asset?</i><br />
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3.<b> Life insurance can help eliminate stock market risk </b><br />
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Depending on how your policy is designed, permanent life insurance can build a wall of protection around your savings that prevents the erosion of your cash due to stock market volatility.
The closer a person gets to retirement age, the less likely it is that he or she will be able to replace lost wealth. Most people will never be able to replace lost money unless they win the lottery or get a surprise inheritance from a long lost uncle.<br />
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<i> How much money can YOU afford to lose</i>?<br />
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4.<b> Life insurance keeps you from being forced to play by other peoples’ rules </b><br />
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There is a measure of control afforded those who choose life insurance as the ultimate savings vehicle.
For example, (except for Roth IRA’s) , IRAs are subject to annual required minimum distributions after age 70 ½, whether you need that money or not This creates forced distributions and additional taxes when you need them least.<br />
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<b>5. Life insurance helps you safeguard against unexpected losses</b><br />
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Many of us plan to “work until we die.” While that might be an admirable goal, reality has a way of upsetting our plans. Even the most well-planned and prudent person can suddenly be faced with a health crisis that forces them to retire sooner than planned.
Having a “turbocharged” life insurance policy, such as the ones I design for my Bank On Yourself clients, can make a huge difference in your quality of life should you be faced with a health emergency.<br />
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Conclusion:<br />
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My career as a financial strategist has exposed me to every flavor of investment and savings tool available. After researching all of these, I continue to recommend that my clients build their financial futures on the solid foundation provided by permanent life insurance policies.<br />
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If you or someone you know could benefit from having greater financial peace of mind, call my office today. I’ll send you all the information you need to discover how to create a financial future that is less stressful and more satisfying.
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-36682781949183197702016-01-21T10:49:00.000-08:002016-01-22T04:58:27.774-08:00Stop Eating Leftovers...re: Financial leftovers- is your wealth strategy based on junk food?<br />
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by Teresa Kuhn, JD, RFC, CSA<br />
<b><a href="http://www.livingwealthyfinancial.com/">President, Living Wealthy Financial</a></b><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhg8tgG4t3lXS-cNhjEZIP_4-6vzsATea5mOGBkEht-Zk5siNE6tDgR880DvQPoHbKUUE04s9kT3D66yskVwPB_SJSePgI98HlVKMR4pMjkavTyk557an1BlJLS77IskfWKeCx41LZfHUSs/s1600/crumbs.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhg8tgG4t3lXS-cNhjEZIP_4-6vzsATea5mOGBkEht-Zk5siNE6tDgR880DvQPoHbKUUE04s9kT3D66yskVwPB_SJSePgI98HlVKMR4pMjkavTyk557an1BlJLS77IskfWKeCx41LZfHUSs/s320/crumbs.jpg" width="320" /></a></div>
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<i><b> Stop giving yourself the crumbs!</b></i></div>
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I recently read an article in <u style="font-style: italic; font-weight: bold;">Business Insider </u> outlining some of the ways in which wealthy people differ from average people both in actions and mindsets.</div>
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For example: while many of us are consumed by saving and being as frugal as possible, most self-made millionaires are busy looking for ways to EARN more money and then put that money to good use-making even more money.</div>
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A study of over 1,200 wealthy people conducted by Steve Siebold, a self-made millionaire and author (<span style="background-color: white; color: #222222; font-family: "georgia" , "times" , sans-serif; font-size: 19px; line-height: 28.5px;">"</span><b><i><u><a href="https://www.blogger.com/goog_668579819">How Rich People Think</a></u></i></b><span style="background-color: white; color: #222222; font-family: "georgia" , "times" , sans-serif; font-size: 19px; line-height: 28.5px;"><b><i><u><a href="http://dl4a.org/uploads/doc/HowRichPeopleThinkEbook.pdf">.</a></u></i></b>") </span>concluded that the vast majority of millionaires did not fall prey to the same "nickel and dime" mentality that plagues the majority of Americans.</div>
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Indeed, even in the toughest times, when others are cutting back, laying off workers, halting research and development and investment, these entrepreneurs are searching for ways to profit from the shaky economy.</div>
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According to Siebold, when a business owner or individual is so consumed by searching for ways to trim expenses, they often miss huge opportunities to grow their wealth. He also maintains that most of us fall victim to old school thinking when it comes to the pursuit of financial prosperity.</div>
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Writes Siebold in <b><u><i>"How Rich People Think":</i></u></b></div>
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"<i>The average person believes the harder they work the more money
they’ll make. Their linear thinking equates labor and effort with
financial success. This is why most people aren’t rich. They’re following
an outdated model of success and are confounded when they
reach middle age with little money to show for twenty years of hard
work.</i>" </div>
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Another obstacle to financial success (perhaps the BIGGEST one of all) is that few of us abide by that very excellent piece of advice:</div>
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<b><i>Pay yourself FIRST!</i></b></div>
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I can't overemphasize the fact that this one simple action has profound consequences for your financial future. Yet, an overwhelming majority of people continue to feed their wealth with "leftovers and crumbs." They sit down, pay all their bills, and give themselves whatever tiny portion remains.</div>
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This is, according to Siebold and other experts, a self-defeating mindset. No wealth happens until you reach a point where you have made a firm commitment that, no matter what, you will pay yourself before you pay anyone else.</div>
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Paying yourself first, of course, is not the same as spending on yourself. It is simply a discipline where you set aside a payment to yourself before you take out any other funds. You are, in essence, treating yourself like a creditor. Setting up a system to "bill" yourself can help cement this habit, as can having an automatic deposit made from your check into a savings account.</div>
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I realize that the high cost of living and flat paychecks are the prime reasons people can't seem to find the cash to pay themselves or start emergency funds. However, when I have sat down with clients and they've been honest about expenditures, I have usually found places where money can be saved and used to pay themselves.</div>
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The point of all this is that if you really want to achieve financial independence, you MUST change and adopt the habit of paying yourself first.</div>
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For many of my clients, having <b><a href="http://livingwealthyfinancial.com/safe-money-solution/bank-on-yourself/">Bank on Yourself </a></b>policies in place is the ultimate way to make sure you pay yourself first, consistently, EVERY month. Having money automatically deposited into a BOY policy allows you to pay yourself and achieve safe, steady growth of that money without having to expose it to Wall Street turmoil.</div>
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If you want to move from giving yourself crumbs and leftovers, call us and ask how hundreds of my clients have discovered a better way to pay themselves first...every time.</div>
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<span style="background-color: white; color: #00affd; font-family: "helvetica neue regular" , "helvetica" , "arial" , sans-serif; font-size: 22px; line-height: 20px; text-decoration: underline;">(800) 382-0830</span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-49772547454419594622016-01-05T19:45:00.002-08:002016-01-05T19:45:59.694-08:00Slight Hiccup or... Sign of Things to Come?<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnIaITaR0s-7tA-MqmlVaSiW9MYre_uD0SL6sCCXTz7Jg9hzXV8FcJW05cNRP3sxid-y4JTVSHlkGjuXBgdPhSTZLRNXMAUhd02jU8z4IA9MAXcqjjzTqblWW25mYCUGLmudhadtqntDTN/s1600/chinesestock.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnIaITaR0s-7tA-MqmlVaSiW9MYre_uD0SL6sCCXTz7Jg9hzXV8FcJW05cNRP3sxid-y4JTVSHlkGjuXBgdPhSTZLRNXMAUhd02jU8z4IA9MAXcqjjzTqblWW25mYCUGLmudhadtqntDTN/s400/chinesestock.jpg" width="400" /></a></div>
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re: January 4, 2013- The worst start of trading in Chinese history.<br />
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<span style="font-family: Lucida Grande, Verdana, sans-serif;"><span style="background-color: white; font-size: 13.3333px; line-height: 17.3333px;">by Teresa Kuhn, JD, RFC, CSA</span></span><br />
<span style="font-family: Lucida Grande, Verdana, sans-serif;"><span style="background-color: white; font-size: 13.3333px; line-height: 17.3333px;"><b><a href="http://www.livingwealthyfinancial.com/">Living Wealthy Financial</a></b></span></span><br />
<span style="font-family: Lucida Grande, Verdana, sans-serif;"><span style="background-color: white; font-size: 13.3333px; line-height: 17.3333px;"><b><a href="http://www.livingwealthyradio.com/">Host, Living Wealthy Radio</a></b></span></span><br />
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<span style="font-family: Lucida Grande, Verdana, sans-serif;"><span style="background-color: white; font-size: 13.3333px; line-height: 17.3333px;">While it wasn't entirely unexpected, (at least to those of us who've been paying attention), the meltdown of China's stock market on the first of post-holiday trading triggered massive sell-offs in the United States and Europe and caused more than a few folks to clench their teeth.</span></span><br />
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<span style="font-family: Lucida Grande, Verdana, sans-serif;"><span style="background-color: white; font-size: 13.3333px; line-height: 17.3333px;">China's new "safety" mechanism, which had just gone into effect that day, halts trading of index futures, options, and stocks for 15 minutes whenever there is a move of 5% in the CSI 300.</span></span><br />
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<span style="font-family: Lucida Grande, Verdana, sans-serif;"><span style="background-color: white; font-size: 13.3333px; line-height: 17.3333px;">As Zero Hedge reported, "</span></span><span style="background-color: white; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 13.3333px; line-height: 17.3333px;">Following the initial halt in CSI-300 Futures at the 5% limit down level, the afternoon session opened to more carnage and amid the worst 'first day of the year' in at least 15 years, Chinese stocks collapsed further to a 7% crash. </span><strong style="background-color: white; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 13.3333px; line-height: 17.3333px;">At 1334 local time, stock trading was halted for the rest of the day across all exchanges</strong><span style="background-color: white; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 13.3333px; line-height: 17.3333px;"> (at least two hours early)."</span><br />
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While there was an immediate impact on the rest of the
world, the plunge’s initial effects are somewhat muted due to the fact that
China tightly controls and limits foreign investment in mainland stocks. Foreign investors own less than 1% of Chinese mainland stocks.</div>
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The lion's share of losses from the January 4th meltdown were
felt by less than 14% of the Chinese population who are active investors. </div>
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But before you breathe a sigh of relief and head back out to do some more risky business, consider this:<o:p></o:p></div>
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In the age of globalization, world economies are so intertwined that someone in China can cough and everyone on Wall Street runs to get a flu shot. </div>
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There is absolutely no way that this won’t
ultimately affect every person who has exposure in the stock market. After all, Chinese investors have lost more about $3.4 trillion in
equity value from the markets mid-June peak until the July 7 close. And the slide looks like to continue as the bubble stretches until it can stretch no more. </div>
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3.4 trillion in personal wealth can't just vanish without causing a ripple effect across the globe, especially since Chinese consumption has been a driving force in so many economies, particularly the anemic US economy.</div>
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<b><u>ZIRP and the Zen of Chinese Economic Maintenance</u></b></div>
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<b><u><o:p></o:p></u></b></div>
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A central factor triggering the Chinese meltdown was their central bank's insistence on following a Zero Interest Rate Policy (ZIRP) which created a frenzy of borrowing. Cutting rates to rock bottom had the understandable consequence of driving people who were desperate to grow their wealth into the market. In other words, it just didn't pay to save...at all.<br />
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If any of the above sounds familiar to you... it should. It's exactly the same thing that has been going on in the United States for years. Savers have been crushed, debtors rewarded, and the whole system has become highly fragile and suspect.<br />
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I am not alone in thinking that having your precious cash on Wall Street right now, especially if you are at or near retirement, is like playing hot potato with a loaded grenade. Sooner or later, the grenade is going to explode and leave a big hole where your money used to be.<br />
<b><u><br /></u></b>
<b><u>Can you get SANE GAINS and still keep your nest egg safe?</u></b><br />
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I'm a big believer in legitimate investing, and I encourage my clients to seek out ways to increase their wealth that don't involve hard core gambling on overvalued stocks.<br />
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The first thing I tell them to do, though, is get themselves a <a href="http://livingwealthyfinancial.com/safe-money-solution/bank-on-yourself/">Bank On Yourself </a>policy to help manage their cash flow and provide safe, steady, and risk-free gains. Bank On Yourself (R) is a proven and safe cash management strategy that uses a versatile kind of life insurance to accomplish financial goals.<br />
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BOY can be used to finance large purchases such as income producing properties, houses, cars, businesses or to pay for vacations, medical emergencies, educational expenses, or other big ticket items. With Bank On Yourself as your financial linchpin, you will have the cash you need to control your own financial destiny without having to rely on banks or expose yourself to risk on Wall Street.<br />
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If you can afford to lose your money, then you probably won't benefit from learning more about Bank On Yourself. But, if you are like most people and are concerned that losing even one dollar of your cash could spell trouble in retirement, you should call our office now at<br />
<span style="background-color: white; color: #2e2878; font-family: MuseoSlab500Regular, arial, helvetica, sans-serif; font-size: 22px; line-height: 20px; text-transform: uppercase;"><br /></span>
<span style="background-color: white; color: #2e2878; font-family: MuseoSlab500Regular, arial, helvetica, sans-serif; font-size: 22px; line-height: 20px; text-transform: uppercase;">(800) 382-0830.</span><br />
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I will be happy to send you a packet explaining all the details about the amazing financial tool that is Bank On Yourself.<br />
<br />
Or, visit my main site at <a href="http://livingwealthyfinancial.com/">http://livingwealthyfinancial.com/</a> for more information.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-23356718896866965072015-12-18T08:58:00.000-08:002015-12-18T08:58:04.838-08:00Preparing for the New Year: Three Things You Can Do Right Now To Get Ready for 2016<br />
<b style="color: #333333; font-family: 'Trebuchet MS'; font-size: 16px;">by Teresa Kuhn, JD, RFC, CSA</b><br />
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Life has a habit of derailing even the most well-thought-out plans. That being said, there are still some simple steps you can take to ensure that your wealth stays intact as much as possible in the coming years.</div>
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Friend of Living Wealthy Radio, economist Harry Dent, believes that prudence is the best course of action over the coming years as Wall Street hijinks and demographics prove themselves incompatible.</div>
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Writes Harry in a recent edition of his newsletter:<i> </i></div>
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<i>"<span style="background-color: white; color: #3b3b3b; font-family: Lato, sans-serif; line-height: 24px;">Most analysts think the U.S. economy is OK outside of these dollar and global slowdown factors.</span></i></div>
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<i>But here’s a few thing they don’t see coming… happening this next year…</i></div>
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<i>They <span style="background: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: top;">don’t</span> see the slowdown of the affluent sector, wherein the top 20% control over 50% of income and spending. This group peaks at age 54 – that’s this year – and they hold almost all of the bubbled up financial assets like stocks. That’s where QE has had its impact – not on Homer Simpson.</i></div>
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<i>Analysts also <span style="background: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: top;">don’t</span> see that car sales, which have been strong up to this point, will lead the downturn in 2016 as they also peak with that affluent sector at age 54."</i> </div>
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With this in mind, I thought of a few things that you can do to prepare yourself for the wild ride.</div>
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1.<b><u>Eliminate debt as much as possible</u></b>. Debt, especially consumer debt, can absolutely strangle your economic progress and get you caught in an endless "two steps forward, three steps back" loop. Do anything and everything you can to pay off your debts, even if all you do is kick in a few extra dollars on your car payment or place a moratorium on your credit card use. If you have cash built up in your Bank on Yourself policies, consider using some of that to pay down debt or to make major purchases. Doing so will not only help you get out of debt, but you will build up your pot of cash even more quickly.</div>
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2. <u style="font-weight: bold;">Start learning more about asset planning and protection. </u> Protecting what you own with proven asset protection strategies Asset protection trusts are powerful tools that you can use to help stem the erosion of your wealth. A great place to start is with an E- copy of Arnold Goldstein and Ryan Fowler's <u><i style="font-weight: bold;">Asset Protection in Financially Unsafe Times Download it </i> here:</u><u><b><a href="http://www.mediafire.com/view/qoiaura2ljfadwz/AssetProtection_%281%29.pdf">http://www.mediafire.com/view/qoiaura2ljfadwz/AssetProtection_%281%29.pdf</a></b></u></div>
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3. <b><u>Call our office and schedule time with a Living Wealthy advisor. </u></b> Even if you have someone else doing your financial planning, it never hurts to have a second pair of eyes evaluating your financial blueprint. We'll look for potential weaknesses in your current plan and make suggestions as to how you can shore them up. If you are already a client, now might be the perfect time to check in with us to ensure you are on track to your goals. Call now and get on the schedule! <span style="color: #2e2878; font-family: MuseoSlab500Regular, arial, helvetica, sans-serif; font-size: 22px; line-height: 20px; text-transform: uppercase;">(800) 382-0830</span></div>
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Remember, it's not all "gloom and doom, " especially when you have a Bank on Yourself policy as your ultimate cash-flow engine. With a mindset that includes debt and cashflow management and a conservative approach toward genuine investment, you will emerge in a better place, even if the economy takes a nosedive.</div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-53146840191177537992015-11-24T08:02:00.001-08:002015-11-24T08:02:17.444-08:00Recent COI Increases Reveal the Weaknesses of Universal Life Insurance<div class="MsoNormal">
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By Teresa Kuhn, JD. RFC, CSA<o:p></o:p></div>
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President, Living Wealthy Financial<o:p></o:p></div>
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There’s a certain amount of trust and faith required when
entering into a business relationship, as well as a fair amount of reliance on
companies to follow accepted practices and do the right things for their
clients. </div>
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And, while most of us realize that the way
products are marketed may be the polar opposite of how they actually work, we
continue to have faith that what we are being told about the things we buy is
at least somewhat truthful.<o:p></o:p></div>
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As some of the most trusted and respected entities, American
life insurance companies have been successful mostly because ordinary people
have put so much faith in them and their promises. <o:p></o:p></div>
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Throughout our country’s history, people have bought
insurance policies that last for years, often entire lifetimes. They do this believing that the insurer would
never violate their trust by failing to honor the original policy terms or by
doing things that would harm them financially.
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Most people, for example, never
expect the company to suddenly exercise a provision in the contract that would
have an adverse financial consequence for them.<o:p></o:p></div>
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Unfortunately, however, such trust may no longer be
justified. <o:p></o:p></div>
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Except for whole life insurance policies, most other
permanent life insurance policies have a right to increase the cost of insurance
built into their contracts. <o:p></o:p></div>
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In the past, most people did not pay much attention to this
particular provision simply because insurers realized it would be bad business
for them to use it. Increasing the cost
of insurance (COI) was just something that was seldom, if ever, done.<o:p></o:p></div>
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Recently, though, unprecedented types of premium increases have
begun to hit consumers. These rate hikes
call into question the trustworthiness of insurance companies and threaten the
entire industry.<o:p></o:p></div>
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<b><u>At least four major
insurance carriers have published significant rate hikes with no warning to
consumers. </u><o:p></o:p></b></div>
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These rate hikes result from increases in the cost of
insurance (COI) companies charge their existing customers. <o:p></o:p></div>
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For those of you who may not know what COI is, it is the
pure insurance protection portion of a policy and is tied to mortality risks. <o:p></o:p></div>
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In the past, COI increases have been unthinkable and
consumers have relied on the implicit and explicit promises of life carriers that they will never have COI
increases. The breaking of this promise
by four big insurance companies virtually guarantees that others will follow.<o:p></o:p></div>
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There’s nothing subtle about these premium increases,
either. Policy holders are getting bills
with anywhere from 40% increases in premiums to <b>over 100 percent! </b> Such increases come at a time when health
insurance, automobile, and other insurance premiums are also increasing.<o:p></o:p></div>
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The impact on older Americans, especially those over age 65,
is tremendous. This is because the highest COI rates occur as
people approach and surpass their expected mortality.<o:p></o:p></div>
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So why are these carriers suddenly starting to raise these
rates and what can you do to avoid having this happen to you?<o:p></o:p></div>
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To understand the reasons for this situation, you need to
know a little bit about how life insurance works.<o:p></o:p></div>
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Nearly all permanent life insurance policies, including indexed
universal life, whole life and variable life, use projected COI to help
determine how the policy will be priced. <o:p></o:p></div>
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Even “guaranteed universal life” contains a mortality
component found on the company’s side of
the risk equation.<o:p></o:p></div>
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If an insurance company’s projections are off and more
insureds die than expected in a particular group, the company can pass those additional
costs along to their policyholders. <o:p></o:p></div>
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<b>This has always been
a possibility,</b> but until this year, COI rate hikes were very rare. Insurance companies realized that doing this
would create massive PR headaches and potentially tarnish their public image. <o:p></o:p></div>
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Now however, major insurers such as Transamerica say they
can no longer afford to maintain public perception at the expense of
profitability. </div>
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The company recently
revised COI costs for a huge block of universal life insurance business written
in the 1990’s and now requires all proposals for these policies to be
illustrated at the guaranteed mortality rate, guaranteeing large rate
increases.<o:p></o:p></div>
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Another large issuer of universal life insurance, </div>
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Voya
Financial has also notified many of its’ universal life policyholders about coming rate increases.<o:p></o:p></div>
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AXA , which is the largest insurance company in the world,
also recently increased COI rates for a block its’ universal life policies. These policies, in addition to being singled
out due to bad mortality rates, were also chosen according to premium payment
patterns. </div>
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Universal life and flexible
premium policies let owners choose how much they pay each year, provided there
is sufficient cash value in the policy.<o:p></o:p></div>
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In addition to adverse mortality rates, the Fed’s stubborn
insistence on maintaining ZIRP (zero interest rate policies) has had a negative
effect on customers’ abilities to fund policies.<o:p></o:p></div>
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If you have one of these types of policies and you’ve
experienced rate increases such as those above, you should contact our
office. We’ll suggest alternate
strategies that may help you offset some of these increased costs. <o:p></o:p></div>
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As an advisor and agent, I can’t believe that insurance
companies would have such callous disregard for their loyal policy
holders. The consequences of increasing
COI are not reflected in a bunch of numbers on the company balance sheet, but
rather in the daily lives of people, especially older Americans who must
somehow deal with this blow to their budgets.<o:p></o:p></div>
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On a positive note, I work hard to ensure that none of my
clients will ever experience such devastating impacts on their budgets. At Living Wealthy Financial we are extremely
selective about the companies we use to implement our Bank on Yourself®
strategies. <o:p></o:p></div>
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We know that other permanent life solutions shift the risk
back onto the insured, which in effect means the INSURED is now responsible for
making the insurance company’s guarantees work.
How crazy is that?<o:p></o:p></div>
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Sure, whole life might not seem as “sexy” as these other
types of insurance, but how much of your savings can you afford to risk? I would guess your answer is “none.” If that’s the case, then you need a strategy
that reflects the true purpose of insurance- to pass risk from the INSURED to
the COMPANY, not vice-versa.<o:p></o:p></div>
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If you are working with a stock company, versus the mutual
companies with whom I work, then you should know that those stock companies are
geared toward making decisions designed to maximize their shareholder’s
wealth…not yours. That means that in the
long run they are not too motivated to do what works best for policyholders.<o:p></o:p></div>
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PS: <span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">If you have a policy that is with a stock company, and you’d
like us to analyze it and make recommendations, at absolutely no cost or
obligation to you, then call our office now at</span> <span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">(800) 382-0830 or visit our website at http://livingwealthyfinancial.com/<o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-32336353906178237912015-08-28T12:32:00.000-07:002015-08-28T12:42:49.966-07:00The Three Scariest Words Affecting Your Retirement...<table align="center" border="0" cellpadding="0" cellspacing="0" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8000001907349px; width: 600px;"><tbody>
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<span style="font-family: Arial;">by Pamela Yellen</span></div>
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<span style="font-family: Arial;">Bank on Yourself.com</span></div>
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<span style="font-family: Arial;">There are three words that could have the biggest impact on whether you enjoy a comfortable retirement... or you have to struggle and </span><br />
<span style="font-family: Arial;">forego life's luxuries – and even life's necessities. </span><br />
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<span style="font-family: Arial;">But almost <em>no one</em> is talking about these three words. </span><br />
<span style="font-family: Arial;">And there's a good chance you've never even heard of them.</span></div>
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<span style="font-family: Arial;">These three words could have more impact on your retirement lifestyle t</span><br />
<span style="font-family: Arial;">han living longer than you expected... or than being forced to retire sooner</span><br />
<span style="font-family: Arial;">than you planned (which happens to nearly 50% of Americans, </span><br />
<span style="font-family: Arial;">according to the Employee Benefit Research Institute). </span><br />
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<span style="font-family: Arial;">The three words may sound a little technical, but I'm going to </span><br />
<span style="font-family: Arial;">make them <em>brain-dead simple</em> to understand.</span><br />
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<span style="font-family: Arial;"> The three words are: sequence of returns. </span><br />
<span style="font-family: Arial;">Specifically, the "unfavorable" kind. </span><br />
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<span style="font-family: Arial;">It's a fancy way of saying that retirees who have </span><br />
<span style="font-family: Arial;">a big portion of their assets in equities and </span><br />
<span style="font-family: Arial;">mutual funds face the <strong>very real risk</strong> </span><br />
<span style="font-family: Arial;">that the market will fall as they are </span><br />
<span style="font-family: Arial;">withdrawing money from their accounts.</span><br />
<span style="font-family: Arial;"> </span></div>
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<span style="font-family: Arial;">Many people plan to use the widely recommended "4% rule," </span><br />
<span style="font-family: Arial;">which advises retirees to take out no more than 4% of the </span><br />
<span style="font-family: Arial;">value of their retirement accounts (adjusted for inflation) each year. </span><br />
<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;">Studies show that rate of withdrawal has a good chance of making</span><br />
<span style="font-family: Arial;"> your money last as long as you do.</span><br />
<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;"> (It should be noted that more recent studies show </span><br />
<span style="font-family: Arial;">that a 3% annual withdrawal is the maximum needed</span><br />
<span style="font-family: Arial;"> to make your money last.) </span></div>
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<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;">That means that if you have $100,000 in your retirement accounts, </span><br />
<span style="font-family: Arial;">you can safely pull out $4,000 a year using the 4% rule. </span><br />
<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;">If you have $500,000, you can withdraw $20,000 a year, </span><br />
<span style="font-family: Arial;">and if you have $1 million in your account, </span><br />
<span style="font-family: Arial;">you can take out $40,000 a year.</span><br />
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<span style="font-family: Arial;"> If you haven't thought much about what kind of lifestyle withdrawing </span><br />
<span style="font-family: Arial;">4% a year from your accounts would give you, I'm guessing you might</span><br />
<span style="font-family: Arial;"> be feeling a little queasy right about now.</span><br />
<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;">Oh! And don't forget to take whatever you'll have to pay </span><br />
<span style="font-family: Arial;">in taxes that you deferred in your 401(k) </span><br />
<span style="font-family: Arial;">or IRA off the top of that number!)</span><br />
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<span style="font-family: Arial;">It's easy to see that if we experience another market crash of </span><br />
<span style="font-family: Arial;">50% or more – as has happened <em>twice</em>since 2000 –</span><br />
<span style="font-family: Arial;"> as you're nearing or already in retirement, </span><br />
<span style="font-family: Arial;">it could have a <em>devastating</em> impact on how much </span><br />
<span style="font-family: Arial;">you can withdraw each year.</span><br />
<span style="font-family: Arial;"><br /></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;"> If your million-dollar 401(k) suddenly becomes a 201(k) worth </span><br />
<span style="font-family: Arial;">$500,000, withdrawing 4% will provide you only $20,000 a year, </span><br />
<span style="font-family: Arial;">instead of the $40,000 you had planned on.</span></div>
<div>
<span style="font-family: Arial;"><br /></span></div>
<div>
<span style="font-family: Arial;"><strong style="color: #c00000;">But here's where it gets <em>really</em> sticky... timing is <em>everything</em>...</strong></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;">When you run the calculations, you discover that the impact of a</span><br />
<span style="font-family: Arial;">market decline in the first few years of retirement is even <em>worse</em> </span><br />
<span style="font-family: Arial;">than in later years.</span><br />
<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;">It turns out that when you begin to take withdrawals,</span><br />
<span style="font-family: Arial;"><strong>market volatility</strong> has a <em>far</em> greater impact than <strong>rate of return</strong>.</span><br />
<span style="font-family: Arial;"><br /></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;">An <em>unfavorable</em> sequence of returns may make you have </span><br />
<span style="font-family: Arial;">to cut back significantly on your retirement lifestyle,</span><br />
<span style="font-family: Arial;">or force you to work longer than you had planned.</span><br />
<span style="font-family: Arial;"><br /></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;">The BIG problem, of course, is that there is no way </span><br />
<span style="font-family: Arial;">to accurately predict when the next market crash </span><br />
<span style="font-family: Arial;">will happen, or where the markets will be </span><br />
<span style="font-family: Arial;">when you are ready to retire.</span><br />
<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;">We may be at the beginning of the next major crash... </span><br />
<span style="font-family: Arial;">or several years away from it. Nobody knows for sure.</span><br />
<span style="font-family: Arial;"><br /></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;">One way to protect yourself from this very real threat to your </span><br />
<span style="font-family: Arial;">retirement lifestyle is to diversify your assets.</span><br />
<span style="font-family: Arial;"><br /></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;">What if a portion of your savings were in an asset that is </span><br />
<span style="font-family: Arial;"><strong>guaranteed to grow by a larger dollar amount <em>every</em> year?</strong> </span><br />
<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;">That would be a <em>favorable</em> sequence of returns that translates </span><br />
<span style="font-family: Arial;">into financial peace of mind for life.</span></div>
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<span style="font-family: Arial;"><br /></span>
<span style="font-family: Arial;">Such an asset exists, and it's called <a href="http://t.sidekickopen03.com/e1t/c/5/f18dQhb0S7lC8dDMPbW2n0x6l2B9nMJW7t5XYg2Bg_S-VfmT1C8qCrCbW64k8w-56dRmSf7JcpTC02?t=http%3A%2F%2Flink.bankonyourself.com%2Fc%2F1%2F%3FaId%3D56099492%26requestId%3Db23815-fb90563a-126e-46ff-ba7d-739c766d11d6%26rId%3Dcontact-400b685016f3e2118a4f78e3b5105e65-c56322de0deb4ddbbcec94110a8e7297%26uId%3D3%26ea%3Dgxhua%253Dpbz%253Dyvivatjrnygulsvanapvny%26dUrl%3Dhttp%253A%252F%252Fwww.bankonyourself.com%252Fhome-082515%253F_cldee%253DdGt1aG5AbGl2aW5nd2VhbHRoeWZpbmFuY2lhbC5jb20%25253d&si=6293603677634560&pi=c9e4805f-bddb-4d89-f59e-451fe5d4da2a" style="color: #1155cc;" target="_blank">Bank On Yourself</a>. </span><br />
<span style="font-family: Arial;">It's <strong>never</strong> had a losing year in more than 160 years!</span><br />
<span style="font-family: Arial;"><br /></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;"> It <em>also</em> lets you<strong> fire your banker</strong> and become your own </span><br />
<span style="font-family: Arial;">financing source for your cars, vacations, a college education, </span><br />
<span style="font-family: Arial;">business expenses and more.</span><br />
<span style="font-family: Arial;"><br /></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;"> And the <em>best</em> part is that it's easy to find out UP-FRONT </span><br />
<span style="font-family: Arial;">what your bottom-line <strong>guaranteed numbers and results</strong> </span><br />
<span style="font-family: Arial;">could be if you added Bank on Yourself to your financial plan.</span><br />
<span style="font-family: Arial;"><br /></span></div>
<div>
</div>
<div>
<span style="font-family: Arial;">To find out how a custom-tailored plan could help you reach</span><br />
<span style="font-family: Arial;"> <em>your</em> financial goals and dreams </span><br />
<span style="font-family: Arial;">without taking any unnecessary risks.</span><span style="color: #222222; font-family: Arial; font-size: 12.8000001907349px;"> </span><br />
<span style="color: #222222; font-family: Arial; font-size: 12.8000001907349px;"><br /></span>
<span style="font-family: Arial;">– <a href="http://t.sidekickopen03.com/e1t/c/5/f18dQhb0S7lC8dDMPbW2n0x6l2B9nMJW7t5XYg2Bg_S-VfmT1C8qCrCbW64k8w-56dRmSf7JcpTC02?t=http%3A%2F%2Flink.bankonyourself.com%2Fc%2F1%2F%3FaId%3D56099492%26requestId%3Db23815-fb90563a-126e-46ff-ba7d-739c766d11d6%26rId%3Dcontact-400b685016f3e2118a4f78e3b5105e65-c56322de0deb4ddbbcec94110a8e7297%26uId%3D4%26ea%3Dgxhua%253Dpbz%253Dyvivatjrnygulsvanapvny%26dUrl%3Dhttp%253A%252F%252Fwww.bankonyourself.com%252Fanalysis-082515%253F_cldee%253DdGt1aG5AbGl2aW5nd2VhbHRoeWZpbmFuY2lhbC5jb20%25253d&si=6293603677634560&pi=c9e4805f-bddb-4d89-f59e-451fe5d4da2a" style="color: #1155cc;" target="_blank">just request your free Analysis right here</a>. </span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-81488121108924755582015-08-14T05:48:00.001-07:002015-08-14T05:48:28.660-07:00Are you financially illiterate? Pamela Yellen discusses the truth about money that no one is teaching...<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibxjdTsc2gjmi5YtXvmMVRNYQEYRHDFZiQDsldw8vXAX9eNEZIOdSVtYJ7WN2nhCCSsjGXiA77NDRYCaDF1-utBT6jChZgJNf3DEmpSjN6UrN1Sas2kY6zKPue2LDrAbybyG28ChqOzDru/s1600/yellen.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibxjdTsc2gjmi5YtXvmMVRNYQEYRHDFZiQDsldw8vXAX9eNEZIOdSVtYJ7WN2nhCCSsjGXiA77NDRYCaDF1-utBT6jChZgJNf3DEmpSjN6UrN1Sas2kY6zKPue2LDrAbybyG28ChqOzDru/s320/yellen.png" width="301" /></a></div>
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<i> <a href="http://www.blogtalkradio.com/livingwealthyradio/2015/08/14/financial-illiteracy-do-you-know-the-truth-about-money-with-pamela-yellen">Pamela Yellen: Creator "Bank on Yourself"</a></i></div>
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<br /></div>
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by Teresa Kuhn, JD, RFC, CSA</div>
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<b>Authorized Bank On Yourself Advisor(TM)</b></div>
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<a href="http://www.livingwealthyfinancial.com/">Living Wealthy Financial Group</a></div>
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<br /></div>
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For a long time now, I have been encouraging my clients, friends, and family to take charge of their own financial destinies by becoming more educated about how money really works.</div>
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<br /></div>
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It's always shocking to me when I read the latest studies demonstrating just how few Americans grasp basic financial concepts. Even well-educated Americans who consider themselves to be savvy in the area of personal finance often fail when given simple money tests.</div>
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<br /></div>
<div class="separator" style="clear: both; text-align: left;">
Pamela Yellen recently joined the Living Wealthy Podcast to discuss her short, simple, but ultimately revealing new money quiz and the alternative to Wall Street offered by the Bank On Yourself system.</div>
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<br /></div>
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Check out the interview here:</div>
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<a href="http://www.blogtalkradio.com/livingwealthyradio/2015/08/14/financial-illiteracy-do-you-know-the-truth-about-money-with-pamela-yellen">http://www.blogtalkradio.com/livingwealthyradio/2015/08/14/financial-illiteracy-do-you-know-the-truth-about-money-with-pamela-yellen</a></div>
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<br /></div>
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Also, be sure to take the Financial IQ Quiz yourself.</div>
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<br /></div>
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<a href="http://www.bankonyourself.com/financial-literacy-month-quiz.html">http://www.bankonyourself.com/financial-literacy-month-quiz.html</a></div>
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<br /></div>
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<i>PS: We'd love to know what YOU scored. Call our office M-F 8AM-4PM Central time and tell us your score. We'll send you a free packet of information full of great money advice. </i> </div>
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<span style="background-color: white; color: #8c8989; font-family: MuseoSlab500Regular, arial, helvetica, sans-serif; font-size: 22px; line-height: 20px; text-transform: uppercase;">(800) 382-0830</span></div>
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<b><br /></b></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-34287857796883960742015-08-02T06:00:00.001-07:002015-08-02T06:01:54.501-07:00One Way To Guard Against Identity Theft<div style="color: #666666; font-family: arial; font-size: 13px; padding: 0px; word-wrap: break-word;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMXvB8posszt-pujFA9xG7cPxMRTkpBy2qFxNUF3eOtbKpv72T2_KkfIYLtvBcXKUpsg3ObuC7FSvWt4-igeCyfNLn2V0n1-rnmu65TPiSkFWyIMYIOp_BNFNr4ASAqbn-Z3WRAxT0D153/s1600/identity-theft-fraud.jpg" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMXvB8posszt-pujFA9xG7cPxMRTkpBy2qFxNUF3eOtbKpv72T2_KkfIYLtvBcXKUpsg3ObuC7FSvWt4-igeCyfNLn2V0n1-rnmu65TPiSkFWyIMYIOp_BNFNr4ASAqbn-Z3WRAxT0D153/s1600/identity-theft-fraud.jpg" /></a></div>
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<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;"><br /></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;">by Teresa Kuhn</span></span></div>
<div style="padding: 0px; text-align: justify; word-wrap: break-word;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;"><b><a href="http://www.livingwealthyfinancial.com/">Living Wealthy Financial</a></b></span></span></div>
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<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;"><br /></span></div>
<div style="color: #666666; font-family: arial; font-size: 13px; padding: 0px; word-wrap: break-word;">
<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;">Each year, over 15 million United States residents have their identities stolen. </span></div>
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<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;"><br /></span></div>
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<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;">The resulting financial losses have been estimated at nearly <b>$50 billion </b>annually.</span></div>
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<br style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;" />
<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;">According to the US Department of Justice approximately 7% of all</span></div>
<div style="color: #666666; font-family: arial; font-size: 13px; padding: 0px; word-wrap: break-word;">
<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;">American adults have experienced identity theft with the average loss per incidence at $3,500.00.</span></div>
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<br /></div>
<div style="color: #666666; font-family: arial; font-size: 13px; padding: 0px; word-wrap: break-word;">
<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;">As the technical expertise and savvy of would-be identity thieves increases, so does their ability to extract information from government and corporate databases, even those with high-level security. </span></div>
<div style="color: #666666; font-family: arial; font-size: 13px; padding: 0px; word-wrap: break-word;">
<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;">Breaches of these databases occur much more frequently than you might expect, making your risk of identity theft even greater than before.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;">For several years now, I have recommended that my clients take advantage of the legal access and identity theft protection offered by <a href="https://w3.legalshield.com/aasites/Multisite?site=hub&assoc=larrysmith">LegalShield.</a>(R) </span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;"><br /></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;"><b><a href="https://w3.legalshield.com/aasites/Multisite?site=hub&assoc=larrysmith">LegalShield Platinum Council</a></b> member Larry Smith says that as the danger of identity theft has grown, LegalShield's product has become stronger and more effective, offering features that other identity products can't match at a price nearly anyone can afford. </span></span></div>
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<span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;"><br /></span></div>
<div style="padding: 0px; text-align: justify; word-wrap: break-word;">
<span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;"> In June of 2015, security powerhouse Kroll International partnered with LegalShield to launch "IDShield," an innovative solution to guard against identity fraud. </span></div>
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<span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;"><br /></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;">"Everyone needs this, says Smith, "and the monthly cost is such that anyone can afford it. Your financial information is vulnerable and you need to protect it as best you can."</span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;"><br /></span></span></div>
<div style="padding: 0px; text-align: justify; word-wrap: break-word;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;">Learn more about the legal and identity services offered by LegalShield by going here:</span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; font-size: 12px;"><br /></span></span></div>
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<a href="http://www.legalshieldassociate.com/larrysmith" style="background-color: white; color: #1155cc; font-size: 14px; text-align: start;" target="_blank">IProtectPeople.info </a></div>
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<span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;"><br /></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-2395529450951300332015-05-30T18:38:00.002-07:002015-05-30T19:58:22.559-07:00Funding Your Family Vacation (..without using credit cards..)<br />
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by Teresa Kuhn, JD, RFC, CSA</div>
<div style="color: #666666; font-family: arial; font-size: 13px; padding: 0px; word-wrap: break-word;">
President, Living Wealthy Financial</div>
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<br /></div>
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One of the keys to achieving a sound financial future is to learn the the art of living well while avoiding the kind of debt that will destroy your retirement plans.</div>
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It's understandable that parents want to give their children experiences they will remember and treasure the rest of their lives. That's why places such as Disneyland </div>
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Park in California and Walt Disney World Resort in Florida are continuing to draw record crowds despite an iffy economy.</div>
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Unfortunately, the costs of these adventures have increased dramatically. For example, a typical 7 day Disney resort package for a family of four runs right around $4,000, not including transportation and the obligatory souvenirs and snacks once inside the park. You could easily drop over $8,000 on that one trip.</div>
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That's why the temptation to use plastic to finance vacations is so seductive. After all, it's hard to save that much money and the kids are growing up fast, so....</div>
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I encourage my clients to think twice about putting any big ticket items on a credit card, even vacations.</div>
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Instead,I tell those who are managing their cash flow using the power of Bank On Yourself to consider financing their vacations themselves, provided they have enough money saved in their policies, of course.</div>
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What's at stake is big in terms of both unnecessary interest and lost opportunity costs. Many credit card companies charge 18% or more in interest. Look at the chart below and see how much a "budget" $4,000 vacation <b>really</b> costs when you put it on credit and pay it off in 3 years. As you can see, you've wound up paying over $1,200 in interest alone!</div>
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Imagine, then, loaning yourself the money from your specially-designed whole life policy, setting your own interest and repayment terms, and paying yourself the interest instead of the credit card company.</div>
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Wouldn't you enjoy your vacation more if it didn't include the stress of having a large debt hanging over your head?</div>
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Plus, by paying yourself back with interest, you are helping your BOY policy grow... and that's always a good thing for you and your entire family.</div>
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If you want to learn </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjokY3BjXXa0GOKA0V8oNxkmRuhkrHnkMwr_8CttL59EnRxQcHztzPDwChH_AHADLWIvPS79KMqnJpg9kf6CMbO5h4UZ5cMWVkAfZi1xg-GG7qtRP4F8jSjNvlqdlDECazSoPUxERjbfYxD/s1600/BOY222.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="246" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjokY3BjXXa0GOKA0V8oNxkmRuhkrHnkMwr_8CttL59EnRxQcHztzPDwChH_AHADLWIvPS79KMqnJpg9kf6CMbO5h4UZ5cMWVkAfZi1xg-GG7qtRP4F8jSjNvlqdlDECazSoPUxERjbfYxD/s400/BOY222.jpg" width="400" /></a></div>
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To learn more about becoming your own source of financing, call our office M-F at </div>
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<span style="background-color: white; color: #2e2878; font-family: MuseoSlab500Regular, arial, helvetica, sans-serif; font-size: 22px; line-height: 20px; text-transform: uppercase;">(800) 382-0830</span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-6384254153629145692015-05-12T09:25:00.000-07:002015-05-12T09:29:30.999-07:00Bank on Yourself for Fabulous Vacations<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYSmzGK28E6TAj0XBPdevRn41cpYJpMEEf6_rB3RAwN7i2RGsaqytpjFekI6riSaEekJvYPTUOX9xR75xFXyT0unuiYIqXA-N0Yl8ue_Z4AbB05Mxkik3hwx826SXD5efuZ49z8NILJd7-/s1600/DSCN1557.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYSmzGK28E6TAj0XBPdevRn41cpYJpMEEf6_rB3RAwN7i2RGsaqytpjFekI6riSaEekJvYPTUOX9xR75xFXyT0unuiYIqXA-N0Yl8ue_Z4AbB05Mxkik3hwx826SXD5efuZ49z8NILJd7-/s400/DSCN1557.JPG" width="400" /></a></div>
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<span style="font-size: x-small;"><i> photo courtesy of Tammy de Leeuw</i></span></div>
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by Teresa Kuhn</div>
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<b><a href="http://www.livingwealthyfinancial.com/">www.livingwealthyfinancial.com</a></b></div>
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As someone who values experiences over “stuff,” I can
certainly appreciate it when my clients want to use their Bank on Yourself
policies to create unforgettable memories for their families and friends.</div>
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Whether it’s a Caribbean cruise or a trip to Disney World,
once in a lifetime vacations can be less expensive and stressful when you plan
ahead, research your destination, then
add the power and flexibility of your Bank on Yourself plan to the mix.</div>
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When you use BOY to finance your vacation instead of credit
cards, you accomplish some very important things:</div>
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<li><span style="text-indent: -0.25in;">You avoid paying tons of extra fees and interest
charges by not relying on plastic.</span></li>
<li><span style="text-indent: -0.25in;">You
arrange repayment on your own terms. </span></li>
<li><span style="text-indent: -0.25in;">If
you have to miss a payment due to unforeseen circumstances, your credit report
won’t get dinged.</span></li>
<li><span style="font-size: 7pt; font-stretch: normal; text-indent: -0.25in;"> </span><span style="text-indent: -0.25in;">Using BOY makes you more aware of your spending
so you don’t caught up in mindless transactions that sap your cash.</span></li>
<li><span style="text-indent: -0.25in;">Using BOY means you won’t have to tap into your
emergency fund, college fund, or retirement savings to finance your dream
vacation.</span></li>
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<!--[if !supportLists]-->5.<span style="font-size: 7pt; font-stretch: normal;">
</span><!--[endif]-->Financing your dream vacation with a Bank On Yourself policy helps you accumulate more cash in your account…faster.</div>
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Bank On Yourself is hands-down the most creative way I know
to finance memorable family adventures without adding more debt (and more
stress) to your life.</div>
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If you’d like to find out more about how you can use the
Bank on Yourself system to finance vacations, cars, houses, and other major
purchases, visit our website at <b><a href="http://www.livingwealthyfinancial.com./">www.livingwealthyfinancial.com.</a></b></div>
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Or call toll free: (800) 382-0830
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FILE UNDER #savingfordisneyland, #bankonyourself, bank on yourself policies, financing your own vacations, banking on yourself, #livingwealthyfinancial, best-financial-advisors-austin</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-6345876372962431422015-04-28T12:48:00.001-07:002015-05-12T10:56:40.045-07:00Saving vs. Investing: It's important to understand the difference...<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2M3LCB6otCKDLX7FGf9dU1P6hrDqoSJOj-Bs7TFPVLzNSBY-KKonvFxTxkCsIs5eZ_23Yo46eGQQ4YASWe3g54rfFtf5QMU8yScBpEIPPYt5pKDU3SaIc0DBgWE6A9SJWESgxQiF_tNhI/s1600/saveinvest.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2M3LCB6otCKDLX7FGf9dU1P6hrDqoSJOj-Bs7TFPVLzNSBY-KKonvFxTxkCsIs5eZ_23Yo46eGQQ4YASWe3g54rfFtf5QMU8yScBpEIPPYt5pKDU3SaIc0DBgWE6A9SJWESgxQiF_tNhI/s1600/saveinvest.jpg" width="320" /></a></div>
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by Teresa Kuhn, JD, RFC, CSA</div>
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President, <b><a href="http://www.livingwealthyfinancial.com/">Living Wealthy Financial</a></b></div>
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Most of us understand the idea that saving and investing are two completely different, yet complementary, mechanisms for achieving a solid financial future. However, given the enormous amount of painfully misleading information doled out by financial entertainer-types and journalists; advice that does not take into account the distinct functions that both investing and saving serve, it might be a good idea to review a few of the main differences between these two concepts.</div>
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Investing differs from saving in four essential ways that you can remember with the acronym <b>RAIN.</b></div>
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<b>R</b>= Return. While the potential return on investments can be high, so is the risk. Most savings vehicles offer less return on investment in exchange for not having to risk your principal.</div>
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<b>A=</b>Access (or <b>A</b>vailability) Investments are generally not liquid. This means that getting your money out in the event of an emergency can involve loss of gains in the form of penalties. Viable savings vehicles, on the other hand, provide liquidity, use, and control of your money.</div>
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<b>I =</b>Inflation. Good investments offer some hope of overcoming the deleterious effects of inflation on your wealth. Depending on the savings method chosen, many savings plans offer some protection against inflation, though that is not their primary function. </div>
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<b>N=</b>Negligible risk. Great savings plans mitigate or eliminate risk and provide peace of mind, which is something the majority of investment opportunities cannot promise. </div>
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Certainly this is a somewhat condensed discussion of these two ideas. My point is that you need BOTH in your overall strategy and you need to know the different approaches to take at various times in your financial life. </div>
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The ability to draw a clear distinction between saving and investing will assist you in critically evaluating the arguments against specially designed whole life insurance. Much of what has written against the concepts presented by Bank on Yourself centers around the criticism of BOY as an "investment strategy," rather than as a tool for cash management.</div>
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Most of you who know me realize that I have NOTHING against legitimate investing. In fact, I do it myself and encourage my clients to do the same. The key phrase here is "legitimate." You see, Wall Street has conjured and concocted a lot of suspect, even downright risky schemes for taking your money. They slap some pretty ribbon on a load of toxic products, call them investments, and use marketing dollars to make them seem legitimate or even sexy.</div>
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Having a <b>Bank on Yourself</b> plan firmly in place as your "cash hub," allows you to safely build and manage your money so you can take advantage of true investment opportunities when you come across them. </div>
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If you don't have a plan in place yet, or you have questions you need to answer, please call our office today at 1-800-382-0830.</div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-47208580685640354192015-03-31T07:09:00.002-07:002015-03-31T07:11:57.212-07:00Why having a whole life policy for college planning is a great idea…even if you already have a 529 Plan.<div class="MsoNormal">
By Teresa Kuhn, JD, RFC, CSA</div>
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Authorized Bank On Yourself ® Advisor</div>
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President, Living Wealthy Financial</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY6l-KhxZytM-O0YQMtYNywlmQ1Y4B9CPo89GQJ7eZpW-mR8brKiroYTOf0bjIvCQtZGnTdLMw-0NgkvCHPhLcpTL6nUbLA0Y3i2ZBRO8Y1U9zOSy33xPPLUFacHRJwWe7UOfOI1-vIMMA/s1600/college.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY6l-KhxZytM-O0YQMtYNywlmQ1Y4B9CPo89GQJ7eZpW-mR8brKiroYTOf0bjIvCQtZGnTdLMw-0NgkvCHPhLcpTL6nUbLA0Y3i2ZBRO8Y1U9zOSy33xPPLUFacHRJwWe7UOfOI1-vIMMA/s1600/college.jpg" height="318" width="400" /></a></div>
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Earlier this year, the Obama administration proposed that 529 plans
be taxed at ordinary income rates on both the initial asset value and all
future returns on the asset. Since an asset’s value is in its’ future returns,
this proposal amounted to double taxation.</div>
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While the plan was squelched due to public backlash, I have no doubt
that more attempts to tap into 529’s will be made in the future. After all, a pile of money saved by
responsible citizens is just too much for politicians to resist.</div>
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The government’s recent attempt to skim 529 plans highlights what is
perhaps my biggest reservation about using them (or any government-controlled
plan) to save for college.</div>
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It’s the fact that whoever builds the plan gets to call the
shots. </div>
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Take Individual Retirement Accounts (IRA’s) for example. Since their introduction in 1974 as part of
the Employee Retirement Income Security Act (ERISA), the rules have been
tweaked and massaged multiple times and the idea of taxing those accounts is
always hovering over Capitol Hill. </div>
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My point is this: most peoples’ financial strategies, whether saving
for retirement, a new home, or college, are formulated with current rules and
regulations in mind. These types of
plans are marketed with the implicit idea that one is “secure” and “locked in”
and it’s implied that the government will never change the rules. We’ve seen time and again that this is simply
not true. </div>
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Every plan, whether government-backed, privately-managed or even plans
funded by the type of specially-modified whole life that I advocate, has its’
own inherent weaknesses. </div>
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There is nothing that is 100% bullet proof. However, when you relinquish the amount of
control that you must in order to participate in a government-backed plan, you
incur an especially large degree of vulnerability.</div>
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Aside from vulnerability to the whims and hidden agendas of
politicians, 529 plans have some other weaknesses of which you need to be
aware. These weaknesses are some of the
reasons why I recommend my clients fund a significant portion of college using
specially designed whole life policies.
Such policies have distinct advantages over 529 plans and can be used in
conjunction with 529’s to create a more secure, more powerful strategy.</div>
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Many people who market 529’s claim their superiority over other
options is due to the potential for growth.
However, in nearly every state, 529’s possess a lack of investment
options. This limits your ability to
seek out your own preferred funds and you are limited to trusting that the
folks in charge of your plan have made the wisest decisions.</div>
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In addition, even in states where there are some limited choices, you
can only exercise your option to change once per year. You have zero margins for error.</div>
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Because of this, many of my clients have opted for the peace of mind,
safety, and guarantees of whole life over the volatility associated with the
stock market.</div>
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Another problem with 529’s is that their rigid rules allow the funds
accumulated to be used only for “qualified” educational expenses. Certain things your child will need as he
or she enters college might not be considered qualified expenses and will have
to be paid out of pocket. These needs might well engender debt that the student
might have a difficult time paying back.</div>
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Situations such as these are when having a properly managed modified
whole life policy can come in handy. Not
only can you take money out 100% tax free via loans and withdrawals from the
policy, you can do so at ANY time for ANY reason. Imagine how useful this would
be for students who have needs outside the definitions of a 529 plan. </div>
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<br /></div>
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Unlike government-sponsored plans, in which the regulations are
highly restrictive, the flexibility of whole life allows for some very creative
possibilities for college and retirement planning.</div>
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<br /></div>
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One of my clients came up with what I think is a brilliant
strategy. She wants to fund a whole life
policy for her child that would allow her to buy an apartment or condo in which
the child can live during college, rather than a dorm room. </div>
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<br /></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
Imagine if, instead of paying tens of thousands of dollars to house
her child in a dorm room, this parent could provide better housing for her
student and acquire an income-producing property in the process. The property could become part of the
parents’ retirement blueprint or they could gift it to their child upon
graduation; allowing him or her to enter the world with a ready-made source of
income. That would be an awesome head
start for anyone, but especially for kids living in a world where a college degree
no longer guarantees a job.</div>
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<br /></div>
<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
Another problem with 529’s is that contributions are limited. At the time of this writing, parents can
contribute up to $14,000 (or $28,000 for married couples) each year without
incurring gift taxes. By accelerating
five years of investments, you can also, via a special election, contribute
$70,000 at one time. ($140,000 for couples).</div>
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<br /></div>
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You might be saying at this point, “So what? Modified whole life plans also have
contribution limits.” This is true,
especially during the first few years of a policy. However, unlike 529 plans, the vast majority
of whole life plans can be structured by a knowledgeable financial professional
in such a way that contributions can easily exceed 529 contribution
limits. Icing on the cake is the fact
that whole life plans are not capped at the $350,000 lifetime limit of a 529
plan. With a whole life plan, you can
have as much as you want in the plan and get the money out whenever you want.</div>
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Another significant difference between whole life and 529 plans that has
the potential to blindside parents concerns beneficiaries. In a 529 plan you can change the beneficiary
without penalty for any reason anytime you want. If Johnny Jr. insists he doesn’t want to go
to college, you could switch the beneficiary to another relative. As long as that relative uses the money for
qualified educational expenses, there are no penalties.</div>
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Whole life policies also allow you to change beneficiaries when you
want, but with some big differences. In
a whole life plan, you can designate anyone (not just a family member) as
beneficiary, choose multiple beneficiaries, or designate a charity, church, or
other institution as the beneficiary. </div>
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For some parents of college-bound students, the money they’ve saved in
their 529 plan, even if they’ve managed to max it out, won’t be enough to pay
for 4 years of college. This is especially
true if their students have chosen certain careers, such as medicine, law, dentistry,
or veterinary medicine or they choose to attend a more expensive private
university.</div>
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<span class="st">For example, according to <b><i>US News and World Report,
</i></b>the average cost of medical school tuition for the 2014-2015 year was
over $50,000. That’s just tuition. Add in the costs of housing, food, supplies,
and fees and a 4 year medical degree could cost most than $350,000.<o:p></o:p></span></div>
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<span class="st">The American Medical Students Association (AMSA)
estimates that ever-increasing costs have driven students to seek financial aid
and private loans. In 2015, over 86% of
all medical students graduate will graduate with significant debt, some of
which they must begin paying back within a few months of graduation.<o:p></o:p></span></div>
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<span class="st">A whole life policy could solve this in several
ways. For one thing, as I mentioned
before, there is no cap on how much you can have in your policy over a
lifetime. <o:p></o:p></span></div>
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<span class="st">Another big advantage is that, while a robust 529 plan
can impact your child’s financial aid score, money in a whole life policy does
not factor into financial aid calculations. This could have a huge impact on
the amount of aid for which your child qualifies.<o:p></o:p></span></div>
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<span class="st">The problem inherent in all planning is that you can’t
see into the future. Your goofy little
boy, the one who scribbles on your walls and breaks your furniture, could wind
up with the talent to become a heart surgeon.
Or he might want to start his own business right out of college, or
teach school in <st1:place w:st="on">Africa</st1:place>. You can’t possibly know what the future
holds.<o:p></o:p></span></div>
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<span class="st">That’s why I recommend, even if you want to keep your
college savings in a 529 plan, that you investigate the potential for regaining
the use, control and liquidity of your money by starting a modified whole life
policy. <o:p></o:p></span></div>
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<span class="st">That way, no matter what your child chooses to do in
life, you can ensure that he or she has the very best start possible, without
compromising your own financial future, and without having to leap through
hoops to get access to your funds.<o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-60042883239273655172015-03-18T09:05:00.002-07:002015-03-18T09:05:50.149-07:00Are you listening? Check Out the Latest On Living Wealthy Radio<div class="separator" style="clear: both; text-align: left;">
<a href="http://www.blogtalkradio.com/livingwealthyradio"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsZVdAeb8rZaC6iH2UnyagsGtPgQt5h15ilu6pn6Cz8f6eolGi255Xtkeyyr5qTSl94buyAe-IE4KNWKuUm_UFYuSA6aPtJCy4DPWVr_H8tG8XIyHBR8QgoXsMCa-npDa0HFgUx181TWGK/s1600/%232_Living_Wealthy_Header+(2).jpg" height="98" width="400" /></a></div>
<br />
re: don't miss these recent episodes...<br />
<h4 style="background: white; line-height: 15.0pt; margin-bottom: 2.25pt; margin-left: 0in; margin-right: 0in; margin-top: 0in;">
<span style="color: #212121; font-family: Arial; font-weight: normal;"><br /></span></h4>
<h4 style="background: white; line-height: 15.0pt; margin-bottom: 2.25pt; margin-left: 0in; margin-right: 0in; margin-top: 0in;">
<span style="color: #212121; font-family: Arial; font-weight: normal;">March 15th Show: Dr. Srikumar Rao, Author
& Empowerment Coach<o:p></o:p></span></h4>
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<span dir="LTR"><span style="color: #444444; font-family: Arial; font-size: 9.0pt;">March 15th, 2015<o:p></o:p></span></span></div>
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<span style="color: #212121; font-family: Arial; font-size: 10.5pt;">Do you have a nagging
sense that, somehow, time is slipping by and you’ve accomplished only a
fraction of what you are capable of? Perhaps your job isn’t what you thought it
would be or you’re just not progressing in your career the way you would like.
Is there an undercurrent of stress in your life? Dr. Srikumar Rao, is a
professor and founder of the Rao Institute, a program focused on empowering
entrepreneurs and professionals become more creative and find fulfillment in
true success.<o:p></o:p></span></div>
<br />
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<b><span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><a href="http://traffic.libsyn.com/livingwealthynetwork/031515_DrSrikumarRao.mp3">http://traffic.libsyn.com/livingwealthynetwork/031515_DrSrikumarRao.mp3</a></span></span></b><span style="color: #444444; font-family: Arial; font-size: 10.0pt;"><o:p></o:p></span></div>
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<b><span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><br /></span></b></div>
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<b><span style="color: #212121; font-family: Arial; font-size: 10.5pt;">File under: self improvement, #empowerment, srikumar rao, #entrepreneurs</span></b></div>
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<b><span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><br /></span></b></div>
<h4 style="line-height: 15.0pt; margin-bottom: 2.25pt; margin-left: 0in; margin-right: 0in; margin-top: 0in;">
<span style="color: #212121; font-family: Arial; font-weight: normal;"><a href="http://livingwealthyradio.com/march-8th-show-nick-dranias-attorney-constitutional-convention-advocate/"><span style="text-decoration: none; text-underline: none;">March 8th Show: Nick Dranias,
Attorney & Article V Convention Advocate</span></a><o:p></o:p></span></h4>
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<span dir="LTR"><span style="color: #444444; font-family: Arial; font-size: 9.0pt;">March 8th, 2015<o:p></o:p></span></span></div>
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<span style="color: #212121; font-family: Arial; font-size: 10.5pt;">Did you know the current national debt is over
18 trillion dollars? In case you’re wondering, that’s about 150 thousand
dollars per taxpayer! How in the world is that sustainable? And what would it
mean for us if the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region>
had to default on such a staggering mountain of debt? And most importantly, how
do we change this?<o:p></o:p></span></div>
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</div>
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<span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><b><a href="http://traffic.libsyn.com/livingwealthynetwork/030815_NickDranias.mp3">http://traffic.libsyn.com/livingwealthynetwork/030815_NickDranias.mp3</a></b></span><o:p></o:p></span><br />
<span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><br /></span></span>
<span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><b>File under:#constitution, #freedom, #personal liberty, #balanced budget, #article V, #nick-dranias</b></span></span><br />
<span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><br /></span></span>
<span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><b>Understanding Obamacare with Rick Liuag</b></span></span><br />
<span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><br /></span></span>
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<span style="color: #212121; font-family: Arial; font-size: 10.5pt;">Are you concerned
about Obamacare? Maybe you recently received notice that your premiums are
going through the roof. Or perhaps your deductible is simply unrealistic. What will the impact be to your family, business, health. Join Obamacare expert Rick Liuag for an eye-opening glimpse at this ever-changing piece of legislature that is likely to be with us forever, whether we like it or not.</span></div>
<div class="MsoNormal" style="background: white; line-height: 13.65pt;">
<b><span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><a href="http://traffic.libsyn.com/livingwealthynetwork/042014_RickLiuag.mp3"><span style="color: #4d469c; text-decoration: none; text-underline: none;">http://traffic.libsyn.com/livingwealthynetwork/042014_RickLiuag.mp3</span></a></span></b><span style="color: #444444; font-family: Arial; font-size: 10.0pt;"><o:p></o:p></span></div>
<br />
<h4 style="background: white; line-height: 13.65pt; margin-bottom: 2.25pt; margin-left: 0in; margin-right: 0in; margin-top: 0in;">
<span style="color: #212121; font-family: Arial; font-size: 9.0pt;"><a href="http://btr.shows.s3.amazonaws.com/7/425/show_7425129_2015_03_10_12_27_45.mp3"><span style="color: #4d469c; text-decoration: none; text-underline: none;">http://btr.shows.s3.amazonaws.com/7/425/show_7425129_2015_03_10_12_27_45.mp3</span></a></span><span style="color: #444444; font-family: Arial;"><o:p></o:p></span></h4>
</div>
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<span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><br /></span></span></div>
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<span style="color: #212121; font-family: Arial; font-size: 10.5pt;"><span style="color: #4d469c; text-decoration: none; text-underline: none;"><br /></span></span></div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-49706359869008350242014-12-23T06:37:00.002-08:002014-12-23T06:37:15.768-08:00Do you know what a "short squeeze" is? What about a "gold lease?"re: a short, excellent primer on Wall Street and finance<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1PeNG9kydhhK1xuLSOcSXaYxUII6hpqkftmDcGMMK9JwRzhXTvUM6T69S3a2w28Y2zwSD6ex9qNORI_F1g53mmO9cchjRnh27s6Ygx_mxu5dX2iwK951XDer-jE0n7yEqIkE5-nSXcrrR/s1600/Gold_Bars.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1PeNG9kydhhK1xuLSOcSXaYxUII6hpqkftmDcGMMK9JwRzhXTvUM6T69S3a2w28Y2zwSD6ex9qNORI_F1g53mmO9cchjRnh27s6Ygx_mxu5dX2iwK951XDer-jE0n7yEqIkE5-nSXcrrR/s1600/Gold_Bars.jpg" height="204" width="320" /></a></div>
<br />
<br />
If you've ever wondered about some of the terminology thrown around by financial writers or television pundits, check out the great podcast with James Howard Kunstler and Chris Martenson.<br />
<br />
You'll learn about the mysteries of "shorting" and going "long," as well as the interesting idea of leasing gold.<br />
<br />
<a href="http://kunstler.com/podcast/kunstlercast-261-whuzzat-mean-a-primer-in-financial-jargon-with-chris-martenson/">http://kunstler.com/podcast/kunstlercast-261-whuzzat-mean-a-primer-in-financial-jargon-with-chris-martenson/</a><br />
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-65537339621023558132014-10-14T10:25:00.001-07:002014-10-15T12:30:07.823-07:00Another way to think about college planning<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNC2uXbdFsmDAHpu6Gj_eXCixrmY5uaVvCAr7XgXy037_Kq3gOGDV0ZNNcw8qz1tUb5fs9XmKEAdzHO0MayXRaIxNu71nzyL3eexfWWRStcHMPRug2h12ZHq846VWNo2BEvkLbkg275sej/s1600/college-planning-bank-yourself-529-plans-whole-life-insurance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNC2uXbdFsmDAHpu6Gj_eXCixrmY5uaVvCAr7XgXy037_Kq3gOGDV0ZNNcw8qz1tUb5fs9XmKEAdzHO0MayXRaIxNu71nzyL3eexfWWRStcHMPRug2h12ZHq846VWNo2BEvkLbkg275sej/s1600/college-planning-bank-yourself-529-plans-whole-life-insurance.jpg" height="309" width="320" /></a></div>
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By Teresa Kuhn, JD. RFC, CSA</div>
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Living Wealthy Financial</div>
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<b><a href="http://www.livingwealthyfinancial.com/">www.livingwealthyfinancial.com</a></b></div>
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<o:p><br /></o:p></div>
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College tuition rates are increasing at a breathtaking pace
leaving many American parents tossing and turning at night wondering how, or
if, they’ll be able to pay for college when the time comes.</div>
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Adding to this worry is the very real possibility that a decision
of where to park college funds might turn out to be more important than
standardized tests, grades, or extracurricular activities in determining a child’s
ability to attend a college of their choice.</div>
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<span class="page3">In fact, more and more parents have
realized that, next to retirement planning, college planning is one of the most
vexing, yet critical components in a family’s healthy financial future. That’s why most parents are willing to
undertake arduous, often frustrating steps to learn more about the choices they
have when it comes to solid educational planning.<o:p></o:p></span></div>
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<o:p><br /></o:p></div>
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There are, of course, several acceptable methods of planning
for a child’s higher education, including 529 plans, <span class="page3">Uniform
Gift to Minors Accounts (UGMA), Uniform Trust to Minors Accounts (UTMA), Coverdell
Education Savings Accounts, and of course, ordinary savings and investment vehicles. Each of these, as you probably suspect, each
has its’ own advantages and disadvantages as well as its’ own unique rules and
requirements.<o:p></o:p></span></div>
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<span class="page3">Let’s take a look at one of the most
popular ways people are currently choosing to plan for their child’s education,
the 529 plan, and see how the pros and cons line up to help you determine
whether or not this is a good choice for your child.<o:p></o:p></span></div>
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<span class="page3">I’ll also explain a little-known way that,
even if you have one of these plans and it seems to be working well, you can
improve it and add to your peace of mind.<o:p></o:p></span></div>
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<b><i><u>What IS a 529 Plan Anyway?<o:p></o:p></u></i></b></div>
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“529” refers to the section of the Internal Revenue Code
that describes a government-administered savings plan that is designed to be a
tax-advantaged way for people to save for qualified higher education expenses.</div>
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Such plans are usually sponsored by individual states and
are regulated by state agencies under professional management. Qualified
withdrawals are now free of federal tax and depending on the state in which you
live; you can save in excess of $200,000 per beneficiary. </div>
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<o:p> </o:p>Additionally, 529 plans have no income limitations or age
restrictions. You can start one no
matter how much you make or how old the beneficiary may be.</div>
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While there are several advantages of 529 plans that make
them attractive to parents, they also have certain non-negotiable requirements
that could, depending on your individual circumstances, become problematic for
you when the time comes for your child to use them.</div>
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For example, although 529’s have generally fewer
restrictions on distributions and offer a place to shelter funds when financial
aid is being calculated, they often offer few to no state tax incentives.</div>
Another critical issue with 529 plans is the stipulation that funds may only
be used for qualified educational expenses such as tuition, books, and room and
board.<br />
<br />
Should your child decide <b>to
not attend college</b>, if he or she receives a full scholarship, or if your
child wants to attend an unaccredited school, you are usually forced to either
transfer the 529 funds to another beneficiary or withdraw them.<br />
<br />
If you don’t have another qualified beneficiary, you can pull out the funds,
subject to tax penalties. These
penalties could be substantial. If you have been able to take state tax
deductions, for example, you may wind up getting a bill for back taxes as well
as a 10 percent penalty on earnings.<br />
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Because 529 plans are administered by the individual states,
they vary substantially in quality. An analysis of state plans published by Saving
for College.com (<a href="http://www.savingforcollege.com/articles/2014-plan-performance-rankings-q1">http://www.savingforcollege.com/articles/2014-plan-performance-rankings-q1</a>)</div>
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ranked New Jersey, District of Columbia, and California as
having the best performing plans in 2014, based on an array of criteria over 3,
5 and 10 year periods.</div>
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According to <b>Saving for College.com, </b><st1:city w:st="on">New
York</st1:city>, <st1:state w:st="on">Alaska</st1:state>, and <st1:place w:st="on">Utah</st1:place> were the three
worst-performers. Parents living in
low-performing states might want to look into other alternatives to finance
their children’s’ education.</div>
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<b><u>Fees<o:p></o:p></u></b><br />
<b><u><br /></u></b>
Like most investment funds, the typical 529 savings plans charges a
percentage of your investment to cover operating costs. These fees vary from state to state and also
depend on whether you purchase your plan directly from your state or buy it
through a broker.<br />
<br />
Citing a report by Financial Research Corporation, <b><i><u>Forbes</u></i></b>
magazine points out the typical 529 plan offered through a state has an average
annual fee of 0.69%. A 529 sold through
a broker has an average annual fee of 1.17%. <br />
<br />
Explains Forbes, <i>“Although the difference may seem negligible at first,
it adds up. If you invested $10,000 over 18 years (assuming you’d get a 6%
return), you could have $2,000 less in a 529 plan with a 1.17% fee, compared to
a plan that charges 0.69%.”</i><br />
(<a href="http://www.forbes.com/sites/learnvest/2013/07/18/529-savings-plans-9-mistakes-people-often-make/">http://www.forbes.com/sites/learnvest/2013/07/18/529-savings-plans-9-mistakes-people-often-make/</a>)<br />
<br />
<br />
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<b><u>Risk and reward?<o:p></o:p></u></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Because they are tied to the market, earnings in a 529 plan
are uncapped. </div>
<div class="MsoNormal">
However this ability to earn without limit is tempered by
the inevitable amount of risk associated with investments tied to Wall Street.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
While promotional materials and brokers often tout the “risk-free”
nature of 529’s, the fact is that many states do not guarantee their plans,
including Illinois, Kentucky, Maryland, Michigan, Nevada, Pennsylvania, South
Carolina, Virginia and West Virginia.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
In certain states, you may have no commitment that your
money will cover the cost of a college education if tuition hikes outpace your
investments. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><u>Fewer choices<o:p></o:p></u></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Depending on the state in which you live, investment options
within 529 plans can be limited. In some
states, you have only one investment option.
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><i><u>A blended, balanced approach to college planning</u></i></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Just as there is no “one size fits all” blueprint for
retirement planning, there is also no one college planning vehicle that is
perfect for everyone. Each family has
its’ own resources, challenges, and unique circumstances.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
This is why I recommend that, regardless of whether or not
you have one of the qualified government plans, you consider the power of a
Bank on Yourself® plan to help you meet or exceed your college planning goals.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Here are just a few ways having a Bank on Yourself plan as
either the cornerstone of your college planning or as a supplement to existing
plans makes sense:</div>
<div class="MsoNormal">
<br /></div>
<ul type="disc">
<li class="MsoNormal"><b>Flexibility.</b> 529 distributions must be for
"qualified education expenses”.
The cash you put into the specially-designed whole life policies
like the ones used in Bank on Yourself plans can be used for
anything. So, if junior decides to
skip college and become an entrepreneur, your BOY policy could be used as
seed money to help him realize his dream.</li>
<li class="MsoNormal"><b>No impact on financial aid
calculations</b>. Unlike other
savings vehicles, money you put into a Bank on Yourself policy is not used
in determining eligibility for financial aid.</li>
<li class="MsoNormal"><b>Liquidity. </b>If you need
to, you can borrow from your Bank on Yourself policy and then pay yourself
back. <b>You</b> get the interest,
instead of a bank.<b> </b>If
circumstances ever forced you to skip a Bank on Yourself payment, your
credit would not be impacted.<b><o:p></o:p></b></li>
<li class="MsoNormal"><b>Safe, sane growth. </b>Since Bank on Yourself plans aren’t
tied to the stock market<b>, y</b>our money isn’t exposed to the risky
business on Wall Street. BOY offers
safety and predictability. When you borrow from a Bank on Yourself policy,
your money will continue to grow… as if you had never taken out a cent!</li>
<li class="MsoNormal"><b>Tax advantages- </b>When
you have a professionally-tailored Bank on Yourself plan, your money is
generally tax-free. In fact, if you
ever have to borrow from the policy, you will pay no fees, penalties, or
taxes on that money.</li>
<li class="MsoNormal"><b>No limits on how much you
can contribute. </b>Bank on
Yourself policies can be structured so that you can retain their
advantages regardless of how much money you want to contribute.<b><o:p></o:p></b></li>
<li class="MsoNormal"><b>Additional peace of mind
with the death benefit. </b></li>
<li class="MsoNormal"><b>Control. </b>With most qualified plans,
allocation changes can only be done a specific number of times and dates
on an annual basis. Having money in
a Bank on Yourself plan allows you to remove funds when you come across
other attractive investment opportunities. For example, instead of paying
college dorm or apartment expenses, if you had enough in your Bank on
Yourself policy you could purchase a house or income-producing property
where your child could live while they earned their degree.<b><o:p></o:p></b></li>
<li class="MsoNormal"><b>Fewer limitations:</b> Most Bank on Yourself BOY plans can be
structured to exceed the limits of a 529 plans, and they are not subject
to the $350,000 lifetime limit of a 529 plan.<b><o:p></o:p></b></li>
<li class="MsoNormal"><b>Beneficiary options: </b>In
a 529 plan, investors can change plan beneficiaries without penalty, at
any time, and for any reason. However, 529 plans have family beneficiary
restrictions. A customized Bank on
Yourself plan allows the owner to change the beneficiary to any person, or
to a charity, as well as to choose multiple beneficiaries to receive
whatever percentage deemed appropriate by the policy owner.</li>
</ul>
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<o:p> </o:p><b> </b></div>
<div class="MsoNormal">
These
are just a few of the reasons why I recommend that my clients consider adding
the power of a well-designed Bank on Yourself plan to their college plans. Having Bank on Yourself in addition to
anything you already have in place is a great way to plug holes in your plan
and create a more predictable path to college planning success.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
You
can learn more about how you can tap into the amazing potential of Bank on
Yourself by going to the Living Wealthy Financial site at <a href="http://www.livingwealthyfinacial.com/">http://www.livingwealthyfinacial.com</a>,
or by calling us at 1-800-382-0830</div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-225963252547761932014-10-10T05:50:00.003-07:002014-10-13T09:03:42.724-07:00Living Wealthy Goes Britishre: check out our new Living Wealthy Financial podcast commercial<br />
<br />
<br />
<br />
<iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/kYsGpx_iodY" width="500"></iframe>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-3324784105744805512014-08-14T10:19:00.002-07:002014-08-14T10:19:36.505-07:00Two Great Living Wealthy Shows You Don't Want to Missre: free your mind<br />
<br />
<br />
<i>from Teresa: </i>Check out these recent shows with Nelson Nash, creator of the Infinite Banking System, and Harry Dent, contrarian economist and demographer. Both of these shows really nailed it when it comes to dissecting the problems in our current economy. Listen to how Nelson Nash became his own banker and avoided paying thousands of dollars in unnecessary interest and fees to bankers. Harry Dent, financial media darling, also has some interesting things to say about why putting money into specially modified whole life policies is a pretty smart idea.<br />
<br />
<b>File under: "Bank on yourself," "infinite banking", "Nelson-Nash," "Harry-Dent," "Living-Wealthy-Radio," "whole-life-insurance,"</b><br />
<br />
<br />
<iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/qTeuqXQTrfk" width="420"></iframe>
<iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/15VvLWkpPUk" width="420"></iframe>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-29513430272873320322014-06-28T09:27:00.001-07:002014-06-28T09:28:49.786-07:00Men- Keep Your Wealth By Keeping Your Health: A conversation with Dr. John LaPuma, MD.I sat down recently with one of the most interesting men in the health and wellness movement, Dr. John La Puma. Dr. La Puma believes that medicine has largely ignored men when it comes to diet, nutrition, and fitness advice.<br />
<br />
He is on a mission to change all that with his revolutionary ideas about food as the ultimate medicine. Dr. La Puma is a trained chef famous for creating healthy, delicious versions of the foods you love.<br />
<br />
Check out the interview here:<br />
<br />
<br />
<iframe width="500" height="315" src="//www.youtube.com/embed/cZNlx1pmUD8?list=UUk5bwqerByHPuQzCxT4n88w" frameborder="0" allowfullscreen></iframe>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-23631262232498565402014-06-08T11:28:00.001-07:002014-06-08T11:28:17.904-07:00Why Bank on Yourself (R) Anyway?<br />
<br />
by Kristin Colca<br />
Living Wealthy Financial Group<br />
Authorized Bank On Yourself Advisor<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://www.livingwealthyfinancial.com/"><img alt="http://www.livingwealthyfinancial.com" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-C-YHsICAbYxDVsd2gHHS_GdivF1p4UIyjfFVznCIPnoh7a8WCYyuT_hn908t85Ugr9yiEhzOFySiuARAxwBE8WL8gx3L4h-kMVEysPrbTLfqXw2zIVgbyis9JS629W5aF3siXX6BHCGU/s1600/moneypuzzle2.png" height="266" width="400" /></a></div>
<br />
<br />
<br />
As a <a href="http://livingwealthyfinancial.com/safe-money-solution/bank-on-yourself/"><b>Bank on Yourself </b>authorized advisor</a>, I often find myself playing apologist for the system.<br />
<br />
Regaining the use, liquidity and control of one's finances is, for many people, a concept that is far removed from all that they have learned about money. Switching over to BOY requires a drastic shift away from traditional money wisdom and the willingness to objectively consider the claims made by BOY advisors.<br />
<br />
I've put together a few of the most common objections, along with my responses to those objections, to give a better base from which to explore Bank On Yourself. <br />
<br />
If you'd like to learn more or receive our free, no obligation, no annoying sales calls information packet, contact me directly.<br />
<br />
<span style="font-size: small;">Kristin Colca</span><br />
<span style="font-size: x-small;"><span style="font-size: small;"><a href="mailto:kristin@livingwealthyfinancial.com" style="color: #1155cc;" target="_blank" title="Email Kristin"><span class="il">kristin</span>@<wbr></wbr>livingwealthyfinancial.com</a><br />
<a href="https://www.blogger.com/null" style="color: #1155cc;" value="+15123086658">(512) 308-6658</a></span></span><br />
<span style="font-size: x-small;"><br /></span>
<span style="font-size: x-small;"><b><span style="font-size: large;">Bank on Yourself frequently asked questions</span></b></span><br />
<span style="font-size: x-small;"><br /></span>
<span style="font-size: small;"><b>Question :</b>"No pain, no gain. Isn't the stock market is the best, most reliable place to park your money?"</span><br />
<br />
<span style="font-size: small;"><b>Kristin's response:</b> </span><br />
<br />
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<br />
<div class="MsoNormal" style="margin-left: 0.25in;">
<span style="font-size: small;">When you look at the total return of the S&P 500
(including reinvested dividends), the real (inflation-adjusted) purchasing
power of your investments remains negative after thirteen years. (referring to
the graph on page 23 of <b>The Bank on Yourself Revolution.</b></span></div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><b>Question: </b>How can you say there is "no risk" for BOY policyholders? Isn't it an investment?</span><br />
<br />
<span style="font-size: small;"><b>Kristin's response: </b></span><br />
<span style="font-size: small;"><br /></span>
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<span style="font-size: small;">A whole life insurance policy is not an investment. In fact
is is illegal to refer to it as an investment in most states. Per the Texas
Department of Insurance, "Life insurance isn't an investment. An investment
is a financial risk- you might make money, but you might also lose some or all
of your money. In contrast, life insurance pays a guaranteed death
benefit."</span></div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><b>Question: </b>How does BOY save you money off your taxes? Isn't it taxed just like an IRA?</span><br />
<br />
<span style="font-size: small;"><b>Kristin's response: </b></span><br />
<span style="font-size: small;"><br /></span>
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<br />
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<span style="font-size: small;">You will owe taxes on every penny you take
from traditional retirement accounts in retirement. If someone retires at an
effective tax rate of 20% or 25%, the 5.38% return is reduced to 4.30% or 4.03%
respectively. Add that to the 1% minimum account fee and the 5.38% return is
likely to be close to a 3% annual return. </span></div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<span style="font-size: small;"><b>Question: </b>If this is so great, why don't I know more people who are using it?</span><br />
<br />
<span style="font-size: small;"><b>Kristin's response:</b> </span><br />
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<span style="font-size: small;">Leveraging the power of permanent life insurance is a wealth preservation and growth technique that has been used by business owners and upper class individuals for years. Many people have used this method, including Walt Disney,
J.C. Penney, and Doris Christopher, who launched The Pampered Chef with a whole
life insurance policy loan.</span></div>
<br />
<br />
<div class="MsoNormal" style="margin-left: 0.25in;">
<span style="font-size: small;"> </span></div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<span style="font-size: small;"><b>For more questions and answers about Bank On Yourself, check out my recent interview on Living Wealthy Radio. Go here to listen now:</b></span></div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<span style="font-size: small;"><b><a href="http://livingwealthyradio.com/?p=1628">http://livingwealthyradio.com/?p=1628 </a></b></span></div>
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<b><span style="font-size: x-small;"> </span></b></div>
<br />
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-18152242231817949162014-05-08T20:04:00.001-07:002014-05-08T20:04:17.108-07:00Pamela Yellen-Bank On Yourself Workshop-Austin re: great event- thanks to you all<br />
<br />
Thanks everyone who took time out from their busy lives to join us as the Austin Club on April 10th to hear the latest from bestselling author and Bank On Yourself (c) creator.<br />
<u><br /></u>
Here are a few photos from the event.<u></u><br />
<u><br /></u>
<u><br /></u>
<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXvrOqk5UYcTXO8F8dZll4DCbvLPomP02Lfitjc6onc2dPDOdnY0iM1OO9HPM_NBi0FSq8ueq0__GnG1peh3kw9u-yulQbfKqYOL42TmMc1vNSwvTS5UNKWCYg-I4Gyk4exdQpPuv5X1Pu/s1600/pamela-yellen-bank-yourself-austin-talking-living-wealthy-clients.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXvrOqk5UYcTXO8F8dZll4DCbvLPomP02Lfitjc6onc2dPDOdnY0iM1OO9HPM_NBi0FSq8ueq0__GnG1peh3kw9u-yulQbfKqYOL42TmMc1vNSwvTS5UNKWCYg-I4Gyk4exdQpPuv5X1Pu/s1600/pamela-yellen-bank-yourself-austin-talking-living-wealthy-clients.jpg" height="213" width="320" /></a></div>
Pamela Yellen took time to chat with Living Wealthy<br />
clients and sign copies of The Bank On Yourself<br />
Recolution for attendees.<br />
<div class="separator" style="clear: both; text-align: left;">
</div>
<div class="separator" style="clear: both; text-align: left;">
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Getting caught up in <b>The Bank On Yourself Revolution,</b></div>
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Pamela's latest.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM-bdS9lD5ccSTS6y7P3ueYeKWw8yuLFdZLxWP_mROYqtNaYS0tmIAEcnnn2BjspBK8zh0muv8hhGMdndvj_9MAAEZSrLtl3lhuvN-M9eI-sLE89NOrcndc46bZ2ATWW5s1xtAK_oKirSe/s1600/living-wealthy-financial-staff-bank-yourself-infinite-banking.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM-bdS9lD5ccSTS6y7P3ueYeKWw8yuLFdZLxWP_mROYqtNaYS0tmIAEcnnn2BjspBK8zh0muv8hhGMdndvj_9MAAEZSrLtl3lhuvN-M9eI-sLE89NOrcndc46bZ2ATWW5s1xtAK_oKirSe/s1600/living-wealthy-financial-staff-bank-yourself-infinite-banking.jpg" height="270" width="320" /> </a></div>
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The fabulous women of Living Wealthy Financial </div>
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Group vamping at the Pamela Yellen event in Austin.</div>
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Teresa Kuhn practicing her standup routine</div>
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...NOT!</div>
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Hey! What's a Bank On Yourself event without some</div>
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money-shaped thingabobbers to give away to attendees?</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMqpBT0Q_vmzvJY1K7VJYRUyvccnM_yH4pwZbrTg6LS_4i1G83HG1spWq3CBb31Z2latrSq1hW_5LUbwvGRxoDjElFIzcpw7_tjtgGrhNwFCNtIj0iAZWMoMvW5N_cGvgdelkT_D8Lhvtw/s1600/Adam-Kokesh-headshot-300x168.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMqpBT0Q_vmzvJY1K7VJYRUyvccnM_yH4pwZbrTg6LS_4i1G83HG1spWq3CBb31Z2latrSq1hW_5LUbwvGRxoDjElFIzcpw7_tjtgGrhNwFCNtIj0iAZWMoMvW5N_cGvgdelkT_D8Lhvtw/s1600/Adam-Kokesh-headshot-300x168.jpg" height="224" width="400" /></a></div>
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<br />
You won't believe what activist Adam Kokesh has to say about freedom, the Constitution, and a government gone wild.<br />
<br />
Check out the interview recording here:<br />
<br />
<a href="http://traffic.libsyn.com/livingwealthynetwork/042714_AdamKokesh.mp3"><b>http://traffic.libsyn.com/livingwealthynetwork/042714_AdamKokesh.mp3</b></a><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-43557770032874461992014-04-24T11:23:00.001-07:002014-04-24T11:23:22.319-07:00Obamacare Update #Obamacare Interview With Rick Liuag (excerpt)<object allownetworking="all" allowscriptaccess="always" data="http://embed.pointacross.com/slideShowPlayer-em.swf" height="370" id="object_gm_player" type="application/x-shockwave-flash" width="435">
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File under #obamacarenews, Obamacare, Covered California,<br />
Medicare, Medicare Supplements, Life Insurance, Health Insurance<br />
#livingbenefits<br />
<br />
by Teresa Kuhn, JD, RFC, CSA<br />
<br />
On April 20th, I brought back Obamacare and health insurance expert Rick Liuag for an update on what has happened since enrollment has closed.<br />
<br />
Many, if not most of Rick's predictions about what would happen after the implementation have borne out, with many states reporting longer wait times and higher rates.<br />
<br />
Now, Rick claims, seniors on Medicare will begin to feel the sting. Get the full one hour interview by going to:<br />
<br />
<a href="http://livingwealthyradio.com/?p=1435">http://livingwealthyradio.com/?p=1435</a><br />
<br />
<br />
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-27670506868011022922014-03-05T11:59:00.000-08:002014-03-05T12:01:01.163-08:00Is Your Brain Getting Fried By Grains?re: Our special interview with Dr. David Perlmutter, author of the #1 NY Times bestseller, "Grain Brain."<br />
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FILE UNDER: Gluten-free-diet, brain health, improving brain function, Alzheimer's disease, preventing dementia, very low carbohydrate diets, paleo diets, Atkins diet, healthy fat in diet, eat more fat to lose weight<br />
<br />
from Teresa Kuhn...<br />
<br />
I had an unique opportunity to interview Dr. David Perlmutter, MD, a board-certfied neurologist and author of the bestselling, <a href="http://www.drperlmutter.com/">"Grain Brain."</a><br />
Dr. Perlmutter is an advocate for achieving brain health by severely limiting carbohydrate intake, eliminating gluten, a protein found in wheat and barley, and eating more good fats like olive oil, coconut oil, nuts, and seeds.<br />
<br />
Check out the interview now:<br />
<br />
<iframe width="540" height="315" src="//www.youtube.com/embed/sicwwTAZT7g" frameborder="0" allowfullscreen></iframe>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2549272655450221491.post-89687600850565419232014-02-28T19:27:00.000-08:002014-02-28T19:27:23.229-08:00Pamela Yellen's New Book Is Here!<br />
<br />
<em> </em><br />
<em>The Bank On Yourself strategy gives you
a rare combination of guarantees, safety, liquidity, and control. Your
money grows by a guaranteed and predictable amount every year, and that
growth gets better every year you have it,"</em> Pamela Yellen- "<u>The Bank on Yourself Revolution</u>"<br />
<br />
<br />
by Teresa Kuhn, JD, RFC, CSA<br />
Authorized Bank On Yourself (r) Advisor<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgY6E0ErNAy1d0PXG6Zd_2DaDjRNn2z5__eVQe8g7A_gH1UDhdnXs7pu1kB0dEs2cIPg9L-Vm628HWEuk5Rnh8g4pVEzXwLAwju2Jvhn4GvMLVF9RbytIsMyLbtotTrctQSH8Wj6yM5fWq0/s1600/index.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgY6E0ErNAy1d0PXG6Zd_2DaDjRNn2z5__eVQe8g7A_gH1UDhdnXs7pu1kB0dEs2cIPg9L-Vm628HWEuk5Rnh8g4pVEzXwLAwju2Jvhn4GvMLVF9RbytIsMyLbtotTrctQSH8Wj6yM5fWq0/s1600/index.jpg" /></a></div>
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<br />
Several
years have passed since the publication of "Bank On Yourself," Pamela
Yellen's first attempt at articulating for a wide audience the benefits
of using specially-designed whole life insurance in financial planning.
Since that time, the ever-fluid, ever- chimerical world of personal
finance has grown even more unfathomable and unpredictable.<br />
<br />
As a
Bank On Yourself authorized advisor, I believe that a sequel to the
original Bank On Yourself book was long overdue. This is why I was so
pleased to learn of the publication of this second, more comprehensive
discussion of a truly unique cash management system.<br />
<br />
In the sequel, <u><strong>The Bank On Yourself Revolution</strong></u>,
Yellen has gone to considerable effort to deconstruct the Bank On
Yourself method in a way that makes it even more accessible and
understandable to the average person. She lays out a concise, solid, yet
still passionate case for using specially-designed, dividend-paying
whole life insurance policies as vehicles for preserving and growing
wealth. When put together correctly, she says, these policies build up
cash value as quickly as possible and provide unparalleled safety and
security.<br />
<br />
Yellen explains that a person can make tax-free
withdrawals and loans from the accumulated cash value in the policy to
finance large purchases, such as college tuition, automobiles, and
cash-producing real estate. You use your policy and are able to pay
yourself back, with the loan secured by the death benefit. This idea,
which has been around in various forms for well over 150 years, is
referred to by some as "becoming your own finance company." Yellen does a
good job of explaining the ideas behind <a href="http://www.livingwealthyfinancial.com/"><b>Bank On Yourself </b></a>without losing
the reader in a fog of insurance-speak or marketing hype.<br />
<br />
Implicit
in her explanations is the understanding that anyone wanting to use the
system laid out in BOYR should do their own due diligence. It is
definitely not for everyone.<br />
<br />
In <u><strong>The Bank On Yourself Revolution</strong></u>
it is evident that Yellen has put a lot more thought and effort into
the content and layout of the book, making navigation from topic to
topic easier and keeping her commentary focused and free of anything
that could be perceived as excessive verbiage. She does an admirable
job of making the ideas presented clear and easy to understand, even for
those who have little financial education.<br />
<br />
<u><strong>The Bank On Yourself Revolution</strong></u>
introduces us to some old school financial concepts that Yellen admits
aren't "sexy," but which work, such as the "10-10-10" money management
method and the common sense idea of not having much debt. She makes a
strong case for designer whole life polices over both term insurance and
the always trendy indexed universal life (IUL) policies<br />
<br />
Nice
additions to this volume are the "takeaways" at the end of chapters
which give the reader nuggets of information designed to be easy to
grasp, retain and implement. Yellen also includes stories of real-life
users of the system ranging from housewives to entrepreneurs to former
professional athletes. Such anecdotes obviously have value, especially
to financial professionals who are introducing the concept to their
clients for the first time.<br />
<br />
<a href="https://www.youtube.com/watch?v=dDMLEej0_yA"><b>People feel better knowing that "real people" just like themselves are finding success with Bank On Yourself.</b></a><br />
<br />
<u><strong>The Bank On Yourself Revolution</strong></u>
makes for an entertaining read and is a worthy contribution to a
growing body of evidence supporting the wisdom of using permanent life
insurance in financial planning. If you are someone who is looking for
alternatives to banks, Wall Street, and finance companies, this book
will help you understand one such alternative- Bank On Yourself.<br />
<div id="article-resource">
<br />
For more in-depth discussion of the topics explored in <strong>The Bank on Yourself Revolution</strong>, please visit the <a href="http://www.livingwealthyfinancial.com/" target="_new">Living Wealthy Financial</a> site.<br />
File under: Yellen, Pamela. <u><strong>"The Bank On Yourself Revolution"</strong></u> published February, 2014 by Benbella Books.<br />
<br />
Learn more about financial topics that are important to you and your family. Visit <a href="http://www.livingwealthyradio.com/" target="_new">http://www.livingwealthyradio.com</a> or call us toll free to receive free information. <br /> (800) 382-0830 (USA ONLY)<br />
</div>
Article Source:
<a href="http://ezinearticles.com/?expert=Teresa_Kuhn">http://EzineArticles.com/?expert=Teresa_Kuhn</a>
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Article Source: http://EzineArticles.com/8352195</div>
Unknownnoreply@blogger.com0