From the category archives:

Missed Fortune Radio

Impending Tax Rate Hikes–& What To Do About Them

May 16, 2010

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, May 18th 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.

Impending Tax Rate Increases

The Senate Budget Committee is currently recommending a top tax rate on dividends of 39.6 percent. This represents a 164 percent increase from the current 15 percent.

Add another 3.8 percent on all investment income starting in 2013 required by recent health care bill and you almost triple the top dividend rate to 43.4 percent.

Between corporate and individual dividends, the government can get up to 60 cents on each dividend dollar.

In light of this, it’s ridiculous that some financial advisors continue preaching the same old advice, such as to save in tax-deferred vehicles like 401(k)s.

But who in their right mind would want to defer taxes in this environment?

The classic definition of insanity is to keep doing the same things while expecting different results. And American retirees desperately need different and better results.

From Tax-Deferred to Tax-Free

Simple tax deferral can’t get you the retirement income you need to be secure and comfortable.

You need new strategies that give you tax-free growth, tax-free withdrawal, and tax-free transfer to heirs.

The Missed Fortune strategies provide these benefits.

What’s more, our clients have enjoyed average tax-free returns between 8 and 10 percent for the last four years — the worse economy since the Great Depression.

Meet with a Missed Fortune advisor to learn how to save $1 million that will generate $70,000 annual tax-free income and will last as long as you do.

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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What Will the Government Nationalize Next?

May 9, 2010

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, May 11th 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.

Next Up on the Government’s Nationalization Agenda

A crisis is unfolding with dire consequences, though few Americans are aware.

The harsh reality of national insolvency is forcing the government to look for new sources of revenue.

What’s the most logical source? You guessed it: qualified plans, meaning 401(k)s and IRAs, where Americans have saved more than $13 trillion.

Lee Bellinger, publisher of Independent Living, recently published a report entitled “40l(k)/IRA Nationalization Quietly Moves Forward.” His comments are just common sense:

“As the government’s finances continue to deteriorate, the White House and a powerful network of left-wing think-tanks, Congressional activists, and the highly-influential Ford and Rockefeller Foundations are engineering a new regulatory and tax-incentive drive to herd and ultimately force Americans to convert their 40l(k)s and IRAs into government-directed retirement accounts…

“…the extreme tactics used to ram health care nationalization down the country’s throat are a blueprint for what could be the biggest asset grab in history: the nationalization of private retirement accounts.”

It’s only a matter of time. In March of this year, the New York Times reported:

“This year, [Social Security] will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016…”

Business Week reported that new federal regulations designed to “promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams” would help drive cash into government-controlled entities such as American International Group (AIG), “the insurer that has received $182.3 billion in government aid.”

Bob Chapman of The International Forecaster explains,

“The looting of retirement plans is still in the planning stage, and you’re seeing these trial balloons go up.”

Bottom line: Major congressional overhaul of retirement plans — to your detriment — is something you should be planning for.

Roll ‘em Out!

In light of this crisis, the wisest, most logical decision for you may be a strategic rollout — to transfer your qualified plan funds into maximum-funded, tax-advantaged life insurance contracts, which provide the following benefits:

Tax-free growth
Tax-free and penalty-free withdrawal
Tax-free transfer to heirs
Guaranteed safety of principal
Healthy returns that outpace inflation

If you think you’ll be in a lower tax bracket when you retire, you need to consider what the government is up to and think again.

Taxes will never be lower than they are today, and your dollars will never be worth more than they are today.

Escape the greedy clutches of government bureaucrats by meeting with a Missed Fortune advisor.

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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IRAs & 401(k)s are NOT Conservative Investments

May 4, 2010

Suppose you were to come to me and ask to borrow $100,000.

Just before endorsing the check you ask, “Doug, when do I need to pay you back? And What interest rate will you charge?”

I tell you I’ll decide when you need to pay me back, and I’ll decide the interest rate when I ask you to pay me back.

Would you endorse that check?

Of course not — yet millions of Americans do it every day. Watch this video to learn how.

*If you’re reading this in an RSS reader or email, you may need to click the title of the post to view the video on the website.

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Set Up Your Family-Empowered Bank To Limit Taxes

May 2, 2010

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, May 4th 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.

Family-Empowered Banks Beat IRAs Hands Down

We know that in the next year income taxes will go up at least 5 percent. And the taxes to cover health care reform will be about another 3 percent.

Our clients realize that it’s better to pay taxes now rather than postponing them and paying 8 to 10 percent more if they don’t convert their IRAs and 401(k)s now.

The government currently has $62 trillion in unfunded liabilities. The writing is on the wall: Taxes will go up, as will inflation.

You need to learn how to use the internal revenue code to your advantage to create a family-empowered bank.

In a family-empowered bank using innovative life insurance contracts, your money grows tax-free, you can withdraw it tax-free, and it transfers to your heirs tax-free.

In these life insurance contracts I’ve averaged about 9 and a half percent returns for the last 30 years. About 1 percent of this pays for life insurance, which comes along for the ride and gets paid for by Uncle Sam.

This means I’ve averaged an 8.2 percent cash on cash return. Every $1 million I accumulate generates $70,000 per year of tax-free income.

When I die my family will receive millions of dollars of tax-free life insurance proceeds.

Meet with a Missed Fortune advisor to learn how you can set up your own family-empowered bank.

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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The $25,000 Mistake Made by Millions of Americans

April 25, 2010

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, April 27th 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.

New Changes in Store for Retirement Planning?

The debate continues over how to best regulate the financial industry.

This should concern every American, because the results of the squabble could seriously affect all of us.

New decisions and new legislation could transform how we save for retirement and how long our money lasts during retirement.

It could mean costly bailouts that we’ll have to pay for in higher taxes. Or it could also mean complete overhauls that change the rules of retirement vehicles as we’ve known them.

Your retirement funds have never been in more danger than they are right now.

You need to save in vehicles that give you tax-free growth, tax-free access, tax-free withdrawal, and tax-free transfer to heirs.

Don’t leave your future up to squabbling politicians. Take things into your own hands now to transfer your retirement funds into these vehicles.

The Quickest & Safest Way to Pay Off Your Mortgage

I once met with three finance professors at a respected university. They told me that the best way to pay off one’s home is through a 15-year mortgage.

As they said, it saves interest, and once you’ve paid off your home you can set aside what you were paying to your mortgage company and get interest working for you.

In a few minutes, I rocked their world by showing them how, on a $150,000 mortgage, that was a $25,000 mistake.

Instead of a 15-year mortgage, get a 30-year and pay the difference into a conservative side fund.

In 13 and a half years, you’ll have enough money to pay off your mortgage. At the end of 15 years, there would be enough to pay off the mortgage — and you’d have $25,000 left over.

The quickest and smartest way to get out of debt isn’t to send extra payments to the mortgage company. It’s to maintain liquidity and grow a side fund that can be used to pay off your mortgage any time you want.

Meet with a Missed Fortune advisor to learn more details.

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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You’re Being Penalized for Saving, Investing, & Staying Healthy

April 18, 2010

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, April 20th 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 Penalties for Healthy Behavior

We recently passed Tax Freedom Day, the day the commemorates how long you work for the government before being able to enjoy the fruits of your own labor.

Did you know that Americans will pay more taxes in 2010 than they will spend on food, clothing and shelter combined?

And as William La Jeunesse reported:

“When you combine the public debt — the amount we owe China and other nations — with our intragovernmental debt — what we owe social security — the interest alone is $383 billion. That’s more than what we spend on energy, agriculture, homeland security, education and almost every other government agency combined.”

We live in a great country and we should all pay our fair share to keep our nation strong and vibrant. Unfortunately, however, many people pay far more than their fair share.

What’s worse than how much we all pay in taxes is the fact that government policies penalize healthy habits and behavior.

For example, in a New York Times article by Roni Karyn Rabin entitled “Could Health Overhaul Incentives Hurt Some?,” Helen Darling, president of the National Business Group on Health, says,

“Right now, the employees who are healthy and living a healthy lifestyle are paying for those who are not. They are overpaying almost twice as much for the unhealthy: the obese, the smokers, people like that. You, an employee who is healthy and doesn’t smoke, are subsidizing the medical claims, with your premiums going up every month, to pay for someone who smokes, for someone who is obese.”

By 2020, 90 percent of all federal tax revenue will be allocated just to servicing the national debt and deficit, and most Americans will be paying 50 percent of their income in taxes.

Currently, 55 percent of Americans pay more in taxes than they receive in social benefits, and the remaining 45% receive more benefits than they pay in taxes.

This ratio is only going to get worse — we’ll continue penalizing the producers to support consumers.

Such a system disincentivizes saving, investing, maintaining physical health, and other behavior.

Play Good Offense With Your Personal Finances

It’s been said that the best defense is a good offense. With the government constantly attacking your hard-earned wealth, this holds true for your personal finances.

Rather than waiting for the government to rob your production and then playing defense with your CPA, you need to take a more proactive approach.

You need to put your serious cash in vehicles that give you the following benefits:

Tax-free growth, tax-free withdrawal, and tax-free transfer to heirs.
Penalty-free liquidity.
Safety of principal.
A healthy rate of return that outpaces inflation.

Schedule a free consultation with a Missed Fortune advisor today to jump-start your personal finance offense.

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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The Riddle of 3 Fishermen, Or How the Government Hoodwinks Americans

April 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, April 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.

The Riddle of 3 Fishermen — & Government Finances

After a great day of fishing, 3 fishermen check into a lodge. They’re told that a room will cost $30.

Each of them pay $10 and they go up to their room. Later, the receptionist realizes that she overcharged them; the room should have cost $25.

So she gives five $1 bills to the bellboy and asks him to take them to the fishermen. The bellboy, not being very honest, pockets $2, then gives each of the fishermen $1 back.

This now meant that instead of paying $10 per person, they had paid $9 per person. $9 times 3 is 27. Now add the two dollars that the bellboy took and it comes to $29.

Where did the other dollar go?

Listen to the radio show to find out the answer, as well as to discover how it relates to government finances and you.

Health Care Reform is Draining, Not Helping America

Whether you’re for or against President Obama’s health care reform, there’s one thing we’re all in the same boat on: the price tag.

You might want to strap on a life vest.

An online Newsweek article reveals the Congressional Budget Office’s recent estimate of Obama’s budget, which included the health care program.

“From 2011 to 2020, the cumulative deficit is almost $10 trillion. Adding 2009 and 2010, the total rises to $12.7 trillion. In 2020, the projected annual deficit is $1.25 trillion, equal to 5.6 percent of the economy (gross domestic product).

“That assumes economic recovery, with unemployment at 5 percent. Spending is almost 30 percent higher than taxes. Total debt held by the public rises from 40 percent of GDP in 2008 to 90 percent in 2020, close to its post-World War II peak.”

It’s clear in the coming years the national budget –- and corresponding debt –- could severely affect all of us.

What’s worse, America’s woes could impact more than just the U.S., as we’ve seen financial ripple effects spread globally.

Even with signs of economic recovery, the future looks anything but balmy. For example, according to experts 10 states are currently on the brink of insolvency.

You can find calm waters and pull yourself ashore with smart financial planning.

Harness the power of tax-advantaged retirement savings now. Find out how you can protect yourself so you never have to lose again.

Give yourself an antidote to the future side effects of costly health care reform today by meeting with a Missed Fortune advisor.

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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The Folly of “Long-Haul” Advisors

April 4, 2010

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, April 6th 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 “Asset Optimization.” 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.

“You’re In It For The Long Haul”: A Lame Excuse For Poor Performance

Many financial professionals have been saying in various media sources that we’re in a market recovery.

This latest “I told you so” rally is intended to prove that if people would just listen to them and wait out market downturns, everything turns out all right.

They point out that if people would have just “hung in there,” they would have received a 43% return since September 2008.

But let’s analyze this to see what’s really going on. We’ll compare this traditional advice to the Missed Fortune strategies.

Suppose you had $100,000 invested in the market at the beginning of 2007. Most people received an 8 percent return in 2007, which means that you would have ended the year with $108,000.

But in 2008, most Americans lost 31 percent of their investments. Your $108,000 would have dropped $33,480 to a balance of $74,520 by the end of 2008.

Now, following the “You’re in it for the long haul” advice, you keep your money invested in the market.

Assuming the traditional advisors are right and you would have earned a 43 percent return in 2009, you would have gained about $32,000, for a final balance of $106,563.

When you average out that three-year period, it comes to about a 2 percent average rate of return.

Now consider what you would have experienced had you followed the Missed Fortune advice instead.

You start with $100,000. In 2007 you would have earned 8 percent, for the same ending balance of $108,000.

However, in 2008 you would not have lost a dime — you’d still be left with $108,000.

In 2009 you would have made a 16 percent rate of return. This would put your balance up to $125,290.

Bottom line: Following the Missed Fortune strategies instead of traditional strategies would have made you an additional $18,727 in the same three-year period.

What’s more, in these first few months of 2010 our clients have already locked in another 16 percent, so in this example the account balance would now be up to $143,324.

But it gets even better than this. Why? Because you need to factor in taxes to the equation.

Following traditional advice, either this account would have been fully taxable, or at best tax-deferred.

But with Missed Fortune strategies, your accounts grow tax free and provide tax-free withdrawal.

So what’s it going to be for you? Poor and volatile returns with traditional advice, or steady and healthy returns with Missed Fortune?

Set up an appointment with a Missed Fortune advisor now to learn how to get off the traditional roller-coaster and onto the Missed Fortune gravy train.

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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America’s Health Care Tragedy & Your Finances

March 28, 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, March 30th 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 “Choosing 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.

America’s Health Care Tragedy

With the recent passage of the health care bill, liberals have struck one more blow to the American spirit.

If things continue toward socialism, the America we grew up in and love will be lost for our children and grandchildren.

We’re heading towards income tax rates for average Americans of 50 - 60 percent. And the bill is having immediate impact on American businesses.

Claudia Cowan recently wrote an article entitled “On the Tab: Food, Drinks, & Health Care.” She reports:

One of the provisions in the new health care law requires small businesses to provide coverage for workers. Such an ‘employer mandate’ has been in place in San Francisco, Calif., for over a year. The mandate has earned mixed reviews at best.

“Under the law, businesses with 20 or more employees are required to provide medical coverage, either on their own or by paying into a city-run program. That’s what most restaurants are doing — albeit grudgingly.

“To cover the cost, owners are either having to raise their menu prices or tack on a so-called ‘Healthy Surcharge’ onto the tab. At some places, it’s around 4 percent of the check. Others charge a flat fee of a dollar or two.

“Either way, customers are footing the bill for the health care of their waitstaff, busboys, and cooks…”

Beginning in 2013, investors will also start feeling the oppression of Obamacare. As Associated Press reports in an article entitled “Health Bill Extends Wage Tax to Investments”:

“High-income families would be hit with a tax increase on wages and a new levy on investments under President Barack Obama’s health care overhaul bill…

“A new 3.8 percent tax would be imposed on interest, dividends, capital gains and other investment income for individuals making more than $200,000 a year and couples making more than $250,000.

“The bill also would increase the Medicare payroll tax by 0.9 percentage point to 2.35 percent on wages above $200,000 for individuals and $250,000 for married couples filing jointly.”

Take Ownership For Your Future

We can’t depend on the government to take care of us. The government is simply plunging America deeper and deeper into debt and taking from those who produce to support those who do not.

Producers must take ownership for their future. You need to be proactive about retirement planning. You need to save yourself because big government can’t.

Specifically, you need to learn how to invest wisely. You need to invest in strategies and products that give you the following benefits:

Tax-free growth, tax-free withdrawal, and tax-free transfer to heirs.
Liquidity.
Safety of principal.
A healthy rate of return that outpaces inflation.

Taxes are going up and the dollar will be worth less. So what are you going to do about it?

Meet with a Missed Fortune advisor to learn how you can secure your future against an increasingly-intrusive and inept government.

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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