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This week Doug Andrew discussed the following:
Upcoming Complimentary Webinar
Attend our free 90-minute webinar live over the Internet this coming Tuesday, December 29th at 11:00 a.m. pacific (12:00 p.m. mountain, 1:00 p.m. central, 2:00 p.m. eastern), and again at 6:30 p.m. pacific (7:30 mountain, 8:30 central, 9:30 eastern).
The topic is “True Wealth & Total Asset Optimization: How to Establish Your Own Family-Empowered Bank.”
You’ll learn how to safely accumulate an additional $1 million tax-free that can generate $70,000 per year in tax-free income. This is much better than receiving $100,000 per year from a 401(k), IRA, or other vehicle that requires you to pay taxes on the back end.
Register now by calling 888-76-Radio (888-767-2346).
Just for registering you’ll receive a bonus e-book and audio book on the IRA/401(k) dilemma.
Furthermore, all attendees will receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.
The Day of Reckoning
The verdict is in: Our government is headed toward disaster.
Social Security — the biggest ponzi scheme on the planet, is already technically bankrupt.
The current Social Security debt stands at $60 trillion. Due to inflation, its current unfunded liability is $100 trillion.
One crippling force catching up to us is age demographics. When Social Security was introduced there was one recipient for every 60 workers. Within a decade of instituting the ill-fated program the ratio was one recipient to 15 workers. By 1986 the ratio was one recipient per every 6 workers.
The current ratio is one Social Security benefit recipient per every 3-4 workers.
For the first time in history, in the first week of October of this year Social Security paid out more in benefits than it received in taxes. This wasn’t predicted to happen until 2042.
If those statistics aren’t enough to jolt you, consider this: Medicare has six times the amount of unfunded obligations than Social Security.
Our national debt stands at $11.7 trillion, which would require $38,000 per citizen to pay off. National health care alone will add another $2 trillion.
The Congressional Budget Office estimates that by mid-century a middle income family will have to pay over 2/3rds of its income in taxes.
And let’s not forget about inflation.
Meanwhile, Congress is preoccupied rearranging the deck chairs on the Titanic.
Why doesn’t the government have to live basic economic principles like the rest of us?
The answer is simple: Because it has the power to print money and take it forcefully from wage earners.
This recklessness, foolishness and oppression is unsustainable. At some point there will be a day of reckoning.
The question is, what are you doing about it?
Your Personal Economic Stimulus Plan
While you can’t control what the government does, you can control your own finances. You need a personal economic stimulus plan to help you outpace inflation and minimize taxation.
And the Missed Fortune strategies provide both of these through specific asset optimization strategies, as well as properly structured maximum-funded, tax advantaged insurance contracts.
Get started now with your economic stimulus plan.
Bonus 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.
Download this e-book now at www.babyboomerblunders.com.
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