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Did you miss this week’s show? Doug Andrew discussed the following:
Attend our one hour event live over the Internet this coming Tuesday, October 6th. We’re holding it at two times, the first at 11 a.m. Pacific/1 2 Noon Mountain/1 p.m. Central, and the second at 6:30 p.m. Pacific/7:30 Mountain/8:30 Central. Don’t miss your chance to understand how to protect your money during this economic crisis and get competitive rates of return during the good years. This strategy is called indexing and you need to know all about it. To register call 888-76-Radio (888-767-2346).
Just for registering you’ll receive a free e-book and audio book on the IRA/401(k) dilemma. Admission is free for Missed Fortune Radio subscribers and listeners. All attendees will receive a free copy of Last Chance Millionaire, Doug’s New York Times best-selling book.
It’s time to save yourself because big government can’t. Politicians are experts at finding bad news, but they’re out of touch with reality. Innovations and technological breakthroughs are happening all around us every day. The innovation, resilience, and responsibility of the American people is what will save us from our current troubles, not more government spending and stimulus packages.
It’s time to jump off the government’s sinking ship and board your own lifeboat instead. But how? By being wiser about your financial strategies.
There are three ways to save money:
- Taxable savings accounts (mutual funds, cds, money markets, etc.).
- Tax-deferred accounts (IRAs, 401(k)s, etc.).
- Tax-free accounts (properly structured and funded life insurance contracts). These offer full access, no penalties upon withdrawal, they grow tax-free, they can be accessed tax-free, and they transfer tax-free income to your heirs upon death.
It’s critical to understand the time value of money to realize how important taxes are to the equation. A dollar doubling every period for 20 periods grows to $1 million if it grows tax free. However, if you’re in a 25% marginal tax bracket it will only grow to $72,000 if it’s taxed during growth. Shelter your accounts from taxes to harness the time value of money.
The cost of waiting can be devastating. Every 90 days you go without implementing our specialized asset optimization strategies can result in a loss of $100,000 or more of retirement resources when taxes are calculated into the equation.
FREE Missed Fortune E-book: Baby Boomer Blunders. THE PROBLEM? The average Baby Boomer has less than $50,000 accumulated for retirement (which means many have less than that), primarily due to bad habits and having money invested in the wrong places where economic downturns can diminish their nest egg. Download at www.babyboomerblunders.com.
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