Posted on | November 8, 2009 | No Comments
This week Doug Andrew discussed the following:
Upcoming Free Webinars
Attend our free 3-hour webinars live over the Internet this coming Tuesday, November 10th at 6:00 p.m. pacific (7:00 mountain, 8:00 central, 9:00 eastern), and Wednesday, November 11th at 4:00 p.m. pacific (5:00 mountain, 6:00 central, 7:00 eastern).
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.
Register now by calling 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. All attendees will receive a free copy of Last Chance Millionaire, Doug’s New York Times best-selling book.
Medicare Fraud & the Implications for Health Care Reform
60 Minutes recently reported on an infuriating story entitled “Medicare Fraud: A $60 Billion Crime.”
The report explained exactly how the health care program “…provides a rich and steady income stream for criminals who are constantly finding new ways to steal a sizable chunk of the half trillion dollars that are paid out each year in Medicare benefits.”
“In fact,” the report continues, “Medicare fraud — estimated now to total about $60 billion a year — has become one of, if not the most profitable, crimes in America.”
When asked by correspondent Steve Croft why the fraud is so attractive to criminals, U.S. Attorney General Eric Holder responded, “Because I think it’s been pretty easy. I think that they have found a way in which they have been able to get pretty substantial amounts of money with not a huge amount of effort…”
Of course, that money comes straight out of your pocket and mine.
60 Minutes interviewed a fraud perpetrator identified as Tony who said that it was “real easy,” “…like taking candy from a baby.”
So answer this: If this is how the government is now managing Medicare, how in the world are they going to run nationalized health care?
What it Means for You
The implications for you and I are simple: The more government gets involved, the more bureaucracy, inefficiency, and waste.
This means that our dollars will never be worth more than they’re worth today, and that you’ll never be in a lower tax bracket than you’re in today.
Specifically, our indexing strategy provides the following benefits:
- You enjoy profitable upside of market returns, with zero downside risk. You never lose principal and your gains are locked in.
- Your account is liquid.
- Your account grows tax-free and can be accessed upon retirement tax-free.
- Your account leaves a healthy benefit to your heirs.
Get started now with implementing these phenomenal strategies into your financial life.
Free Missed Fortune E-Book: Baby Boomer Blunders
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.
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