From the category archives:

Medicare

Countering The Coming Triple Whammy

May 8, 2011

Podcast: Download (23.0MB)

This week Doug Andrew discussed the following:

Upcoming Free Webinar

Attend our free 90-minute webinar live over the Internet this coming Tuesday, May 10th 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 Asset and Wealth Optimization.” You’ll learn how to choose the right investments for liquidity, safety, rate of return and tax benefits.

Click Here to Register Now

All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.

Why Taxes Must Go Up

Taxes will be rising. The writing is on the wall.

Federal debt has gone from $9 trillion up to $14 trillion in the last 5 years alone.

According to an article by Curtis Dubay of the Heritage Foundation, Congress would need to more than double income tax collections just to cover the deficit and the debt that we’ve added in the last 5 years.

He says that income tax revenue would have to increase over 144% just to cover the overspending that’s already taken place.

If Congress were to only tax those making over $250,000 per year, which the president has advocated, their top tax rates would have to rise to levels of 132% and 142%.

Since it’s not possible to tax above 100%, these are literally impossible tax levels.

According to the Congressional Budget Office, if the president’s 2012 budget is enacted, interest payments alone will total $931 billion in 2021. That’s 20% of all tax receipts.

95% of all tax revenues would be spoken for by mandatory entitlement programs before Congress could even consider allocating for defense or any other essential function of government.

Raising taxes will not solve the problem as long as spending continues unchecked.

Tax rates would have to be raised perpetually to keep pace with this. This is why taxes will be going up.

The Coming Triple Whammy

In most decades, you’ll have 7 years of market growth and 3 years of market decline. If you had your money in the market during the last decade, you experienced a total of 5 down years, so your 401(k) or IRA is already behind the curve.

Most Americans are only up an average of 2.99% over the last decade thanks to market uncertainty. This is just one facet of the three-pronged challenge before us.

We also have taxes almost certainly going higher when the Bush tax cuts expire in 2012.

And finally, we have the specter of inflation on the horizon.

So how do we deal with this triple whammy?

To protect yourself from rising tax rates, you must be able to employ strategies that have been part of the Internal Revenue Code for decades. These strategies enable you to accumulate, access and transfer your money tax free.

Instead of deferring your taxes to a future time when taxes are going up, you set money aside where it will be tax free now and in the future.

Inflation can be countered by linking your return to those things that go up when there is inflation. This means inflation helps rather than hinders you.

The third danger of market volatility can be nullified by using Missed Fortune strategies that index your money to the market without having to risk your money in the market. In those years that the market grows, your money grows. In those years that the market goes down, you don’t lose your money.

The window of opportunity is short, but it’s open right now. This is the time to reposition your money in order to counter the triple whammy of taxes, inflation and market uncertainty.

Visit with a Missed Fortune advisor and take control of your financial future.

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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Don’t Let Your Retirement Funds Run Dry

February 27, 2011

Podcast: Download (23.0MB)

This week Doug Andrew discussed the following:

Upcoming Free Webinar

Attend our free 90-minute webinar live over the Internet this coming Tuesday, March 1st 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 Asset and Wealth Optimization.” You’ll learn equity management and how to choose the right investments for liquidity, safety, rate of return and tax benefits.

Click Here to Register Now

All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.

Not Enough in Qualified Plans

A recent Wall Street Journal article, “Retiring Boomers Find 401(k) Plans Fall Short,” noted that the 401(k) generation is beginning to retire, and the result isn’t a pretty sight.

It said that the median household headed by a person age 60 to 62 with a 401(k) has less than one-quarter of what’s needed in that account to maintain his standard of living in retirement.

That’s according to data compiled by the Federal Reserve and analyzed by the Center for Retirement Research at Boston College.

Even counting Social Security, pensions and other savings, most 401(k) participants appear to have far too little savings for the long haul.

People are expecting to work longer and they feel like they’ve lost their future. In 2008, the average American had lost as much as 31 percent in the value of their IRAs and 401(k)s.

By the end of the year, many had lost as much as 50 percent and still haven’t earned it back yet.

In 30 years, 401(k)s have gone from a small program to a multi-trillion dollar industry. But they’re not what we thought they were.

Recently, Vanguard has started suggesting that workers contribute 12 to 15 percent —including employer contribution—into their 401(k)s because of the stock market’s weak returns and uncertainty about Medicare and Social Security.

The answer isn’t socking away two, three or even six times more money.

I can prove it to you.

Make Your Money Work For You

You shouldn’t leave your money in tax-deferred plans, only to watch it erode due to taxes and inflation down the road.

Most people don’t understand that even a $1 million nest egg won’t get you very far 30 years from now.

You have to break free of the blunders that are holding you back. These are blunders like thinking that IRAs and 401(k)s are the best ways to save for retirement, or thinking you’re going to be in a lower tax bracket when you retire.

Taxes will go up and inflation is just around the corner.

The U.S. Congressional Budget Office predicts that by mid-century, most middle-income Americans will be paying 50 to 60 percent of their earnings in taxes. That’s because of our tremendous debt and Social Security.

The folks who follow the Missed Fortune strategies didn’t lose a dime in their retirement accounts in 2008. In fact, they doubled their money in the last 10 years.

Using conservative strategies, such as indexing, I’ve averaged about 8.2 percent. When inflation happens, I tie my funds to the things that are inflating.

Isn’t it time you converted your IRAs and 401(k)s to better strategies? Isn’t it time you secured a brighter and more prosperous tomorrow?

Meet with a Missed Fortune advisor to get started planning your future.

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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Higher Taxes, Inflation Are Coming

February 20, 2011

Podcast: Download (0.0KB)

This week Doug Andrew discussed the following:

Upcoming Free Webinar

Attend our free 90-minute webinar live over the Internet this coming Tuesday, Feb. 22nd 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 Asset and Wealth Optimization.” You’ll learn equity management and how to choose the right investments for liquidity, safety, rate of return and tax benefits.

Click Here to Register Now

All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.

A Conservative Growth Rate

Religious conservatives are having more children than secular liberals.

In an article titled “Survival of the Godliest,” Phillip Longman writes, “In a world in which child bearing is rarely accidental and almost never rewarding economically, birth rates increasing reflect values choices.”

So, those who end up following that ancient injunction to “go forth and multiply” wind up putting more of their genes and ideas into the future than those who don’t.

I believe the election of Barack Obama in 2008 will be turn out to be a slight diversion — quickly corrected because of the deceptive call for change — in a long term movement toward conservatism in the United States.

Regardless, we’ve already painted ourselves into a corner and it’s going to be tough getting out of it.

The National Debt has grown $4 trillion in the last two years and couple of months. The Congressional Budget Office estimates that the National Debt could rise to $27 trillion by the end of the decade.

That doesn’t include the $62 trillion of unfunded liabilities representing Social Security, FICA and Medicare. We don’t have a dollar of that in our coffers.

Even if we do see some more conservatives in Congress, they’ll have a monumental debt to try to overcome.

The writing’s on the wall. Taxes will have to go up and inflation is just around the corner.

You need to protect yourself and your retirement funds. I can teach you how.

Solve Your IRA and 401(k) Dilemma

It’s very important that you know the difference between tax-deferred and tax-free.

Now’s the time to convert your IRAs and 401(k)s to better, safer strategies and meet your tax obligations now while taxes and account balances are lower.

These strategies grow tax-free, withdraw tax-free and eventually transfer tax-free.

The 5 percent of Americans that are true financial thrivers didn’t get that way by following the same old traditional advice and socking away money in IRAs and 401(k)s.

If inflation hits, you want your money linked to the things that are inflating. In the 1970s, when we had double-digit inflation, I was earning a rate of return of 5.5 percent greater than inflation using conservative, tax-free investments.

I can teach you how to avoid what I call the Baby Boomer Blunders. I can teach you the 31 FLAVORS — Fortunes Lost Amid Valid Optimization and Reallocation Strategies.

I can teach you the difference between Mr. Taxed to the Max and Mrs. I’ve a Lot More.

Now is the time to start securing a prosperous financial retirement.

Meet with a Missed Fortune advisor to get started planning your future.

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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Prevent Obama’s Increasing Debts from Bursting your Nest Egg

July 11, 2010

Podcast: Download (22.9MB)

This week Doug Andrew discussed the following:

Upcoming Complimentary Webinar

Attend our free 90-minute webinar live over the Internet this coming Tuesday, July 13th 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 Asset Optimization: How to Choose the Right Investments.” You’ll learn how to maintain liquidity and guarantee safety of principal while earning a healthy, tax-free rate of return that outpaces inflation.

Register now by calling 1-888-76-Radio (888-767-2346). If operators are busy, please call again.

All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.

Government Confusion Has Led to Gambling Plan

Is our nation’s best hope for an economic recovery left to officials who will continue increasing our debt at an alarming rate?

Nile Gardiner voices his alarm at this question in “America is sinking under Obama’s towering debt”:

“I hope the White House is paying attention to the latest annual Congressional Budget Office Long-Term Budget Outlook, which offers a truly frightening picture of the scale of America’s national debt, with huge implications for the country’s future prosperity. According to the non-partisan CBO, “the federal government has been recording the largest budget deficits, as a share of the economy, since the end of World War II…

“As a result of those deficits, the amount of federal debt held by the public has surged. At the end of 2008, that debt equaled 40 percent of the nation’s annual economic output (as measured by gross domestic product, or GDP), a little above the 40 year average of 36 percent. Since then, large budget deficits have caused debt held by the public to shoot upward; the Congressional Budget Office (CBO) projects that federal debt will reach 62 percent of GDP by the end of this year—the highest percentage since shortly after World War II.”

In the last year the debt has risen from about $11.7 trillion to $14 trillion. And with the baby boomers coming up on retirement needing social security, Medicare and Medicaid, this number should be expected to soar.

As a result about a quarter of the population believes that the economic stimulus package has created jobs. In fact according to a recent Rasmussen report, over 40 percent of the population believes that the economy is now in a worse position as a result of the implementation of this plan.

Social security seems to use the same plan that Bernie Madoff used causing him to go to jail. It simply takes the money from the newer members and uses it to pay off the benefits promised to older members.

The only difference is this “robbing Peter to pay Paul” plan is considered legitimate since is falls under government control.

At this point it seems that the government is confused and policy makers have decided to bet that the private sector can make for some of the stimulus over the next few years.

If they are right they can get a head start on trying to close the budget deficits, but if this gamble is wrong they may set off a vicious new cycle in which drastic spending cuts could greatly weaken the world economy.

How to Protect Yourself?

We can no longer expect the government to fix everything. Those in a position to promote growth should do so.

It is time for individuals to take ownership of their future, health-care needs and retirements and create their own stimulus plan.

In “Create Your Own Economic Stimulus Plan — Save Yourself Because Big Government Can’t” six points are addressed teaching the ways to create economic growth for yourself no matter what schemes the government is trying to ‘fix’ the economy.

The following are the initial three points of this plan that can lead you toward financial growth no matter what is going on in the world economy.

1. Learn how increasing your credit score from 680 to 720 can increase your monthly income by $700 a month.

2. Learn to use $150,000 of equity in your house to create an additional $2.3 million in your retirement.

3. Forget 401(k) and IRA plans and learn to earn, grow and upon death even transfer money tax free.

Meet with a Missed Fortune advisor to gain a greater understanding of these points and learn to avoid being a pawn in the governments stimulus gamble.

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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With Taxes Rising & the Value of the Dollar Falling, What Should You Be Doing?

February 9, 2010

When David Walker, Comptroller General of the United States Government Accountability Office (GAO), left office about two years ago, he stated he needed to retire so he could tell the American public the truth.

The truth is we currently have national debt that exceeds $13 trillion, which represents a liability of $43,000 per American citizen.

It’s also estimated that this year’s deficit will equal 2009’s deficit and will likely add about $1.6 trillion to the debt.

Yet we continue to experience stagnant unemployment, shrinking tax revenue and a struggling economy for the foreseeable future.

Not only that, but the Trustees of Social Security estimate a current unfunded liability in excess of $100 trillion in 2009 dollars.

This means that the federal government has obligated itself to pay more than $100 trillion over and above any taxes it expects to receive.

In other words, that’s how much would have to be invested at U.S. Treasury rates to pay the future liability owed to Social Security recipients who have faithfully paid into the system during their careers.

Most people can’t even begin to comprehend what $100 trillion is. It’s “100” with 12 zeros to the right. Just $1 trillion would be $1 dollar bills lined up end-to-end from here to the moon and back—200 times!

Even though many believe that Social Security is our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations, according to David Walker of the GAO.

It would require $700,000 from every full-time working individual in America in order to cover this huge liability. How is that going to happen?

On top of that, Congress estimates that if the proposed health care reform comes to fruition, it will be at an estimated cost of just under $2 trillion during the next ten years.

In the meantime, the interest alone on the national debt accrues at $41 million an hour (just under $1 billion a day)—that’s $690,000 per minute, or $11,500/second!

When individuals find themselves with more outgo than income, they are forced to either cut expenses or increase income. Well, the federal government is definitely not cutting its spending, so it is clear it will be forced to raise taxes dramatically and will likely be printing more money.

The Congressional Budget Office estimates that, by mid-century, a middle income family will have to pay two-thirds of its income in taxes!

I can confidently assure you that:

Your current tax bracket will likely be the lowest bracket you will ever be in, and
Your money will never be worth more than it is today.

So, what should you be doing?

Many smart people are now converting their IRAs and 401(k)s (and other qualified accounts) by doing what I call a “strategic rollout.”

This is a method of taking care of taxes now on those accounts at a lower rate and repositioning the money into vehicles that will accumulate tax free from this point forward and more importantly, will provide tax-free income later.

Why wait for your IRAs and 401(k)s to recover from their losses and then pay tax on that higher amount later? You can either pay the IRS now or you will pay them more later.

Now is the time to convert your IRAs and 401(k)s to better plans. There are safe and proven strategies that will help you get your future back!

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The Government’s Day of Reckoning

December 27, 2009

Podcast: Download (23.0MB)

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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Medicare Fraud: A $60 Billion Crime

November 8, 2009

Podcast: Download (23.0MB)

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.

The Missed Fortune strategies provide a way for you to beat the government at the taxes and inflation game.

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.

Download this free e-book now at www.babyboomerblunders.com.

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