Official Missed Fortune Blog

Escape the Government Spending Nightmare

June 13, 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, June 15th 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 Obama Spending Nightmare Continues

In their “Morning Bell” publication, the Heritage Foundation recently published an article that reported:

“This morning White House Chief of Staff Rahm Emanuel and budget director Peter Orszag will release a memo directing all federal agency heads ‘to develop plans’ to cut at least 5 percent from their budgets by ‘identifying programs that do little to advance their missions or President Obama’s agenda.’

“This spasm of fiscal responsibility can mean only one thing: the Obama administration is about to go on another wild spending binge…

“This spend-now/cut-later act has become a staple for the Obama administration. In February 2009, after signing the largest single-year increase in domestic federal spending since World War II, President Obama held a ‘fiscal responsibility’ summit designed to ’send a signal that we are serious’ about putting the nation on sounder financial footing.

“Then in June 2009, the day after promising faster deficit spending to stimulate the economy, Obama called on Congress to pass ‘pay-as-you-go’ legislation (PAYGO), a rule Speaker Nancy Pelosi (D-CA) has violated by a mere $1 trillion since she took power in 2006. And then after President Obama signed his trillion-dollar health spending plan, he convened his toothless National Commission on Fiscal Responsibility and Reform…

“While the recession is chiefly responsible for collapsing federal revenues, it is runaway government spending that is the main driver of our nation’s long-term fiscal crisis.”

Thankfully, the American people are catching on to the act. A Gallup poll recently showed that government debt is now tied with terrorism as the most worrisome issue to Americans.

But the question is “What can we actually do about it?

Wake Up & Escape the Nightmare

To begin with, we can learn from our mistakes.

As millions of Americans have seen, these times teach us to borrow to conserve, not to consume. How many people have fallen into credit trouble because when times were good, they used credit to buy furniture, cars, ATVs, boats…things they did not need but they wanted?

And millions of Americans have learned that saving for retirement means more than investing money in 401(k)s, IRA(s), stocks or other vehicles that are vulnerable to economic downturns.

Retirement savings vehicles like maximum-funded, tax-advantaged insurance contracts can provide liquidity, safety and rate of return –- which are all equally critical in retirement savings options.

Use these tough times –- whether they’ve affected you directly or indirectly -– to plan for the future and protect yourself.

Find out now how to make wiser choices, and how to obtain True Wealth.

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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Debunking Financial Myths

June 10, 2010

“Don’t go out in the rain or you’ll catch cold.”

“Don’t read in the dark or you’ll ruin your eyes.”

“Don’t go swimming for at least a half hour after eating or you’ll drown.”

It’s likely your mom repeated these common myths in an effort to keep you healthy. All of these have been debunked, but they continue to get passed on by well-meaning parents.

What about the myths some financial advisors repeat?

“Pay off your home mortgage as soon as you can.”

“401(k)s and IRAs are an optimal way to prepare for retirement.”

“Don’t mix your investing with your insurance.”

These common myths get passed on by well-meaning financial advisors, but that doesn’t mean they shouldn’t be debunked.

Let’s take “mixing investing with insurance,” for example. Some financial advisors may urge you to put your retirement money in traditional vehicles, like 401(k)s, IRAs, and the stock market, while directing you to get term life insurance to cover death benefits.

But actually, you can mix retirement planning with insurance to optimize your financial future.

What some financial advisors don’t understand is that properly structured, maximum-funded, tax-advantaged insurance contracts offer liquidity, safety, and rate of return – and they are the only retirement savings vehicle in which your money:

Accumulates tax-free
Can be withdrawn tax-free (even before age 59 ½ – without penalty)
Transfers to your heirs tax-free when you pass away

Remember, just because advice gets repeated doesn’t mean it’s the best advice, even if it comes from someone in authority. That’s why it’s important to learn all you can.

Start now with the Missed Fortune series of books, where you can investigate for yourself the common myths – and truths – of preparing for your retirement.

Isn’t It Time You Became Wealthy?®

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Finding the Light During this Economic Midnight

June 8, 2010

While signs the economy is rebounding continue to shoot up like flares in the night, for too many Americans, it’s still economic midnight.

Families continue to face short sales or foreclosure; those far from retirement continue to dip into 401(k)s and IRA(s) despite early withdrawal penalties; and unemployment continues to paralyze American workers.

A recent New York Times article showed that even though America is seeing an increase in hiring, the unemployment rate isn’t necessarily dropping.

Now many of them [the unemployed] are beginning to look for work again, encouraged by four consecutive months of job growth and reports of a strengthening economy.

But the initial return to the labor force may prove dispiriting, since so many people are already chasing too few jobs.

Because the government does not count people as unemployed unless they say they are actively searching for work, many discouraged people have been hiding in the shadows.

Heidi Shierholz, an economist at the Economic Policy Institute in Washington, estimates about 2.4 million “missing workers” either left the labor force or did not enter it in the last 28 months. That is on top of the 15.3 million people who are officially counted as unemployed.

What can be done to survive hard times?

While circumstances may take a while to change, at least we, personally, can start making changes immediately.

To begin with, we can learn from our mistakes.

As millions of Americans have seen, these times teach us to borrow to conserve, not to consume. How many people have fallen into credit trouble because when times were good, they used credit to buy furniture, cars, ATVs, boats…things they did not need but they wanted?

And millions of Americans have learned that saving for retirement means more than investing money in 401(k)s, IRA(s), stocks or other vehicles that are vulnerable to economic downturns.

Retirement savings vehicles like maximum-funded, tax-advantaged insurance contracts can provide liquidity, safety AND rate of return – which are all equally critical in retirement savings options.

Use these tough times – whether they’ve affected you directly or indirectly – to plan for the future and protect yourself. Find out now how to make wiser choices, and how to obtain True Wealth.

Isn’t It Time You Became Wealthy?®

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Retire the Rotten Repository

June 6, 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, June 8th 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.

401(k)s: A Horrible Way to Save

In October of last year Time magazine published a story entitled “Why It’s Time To Retire the 401(k).” The article reports:

“…the 401(k) is a lousy idea, a financial flop, a rotten repository for our retirement reserves. In the past two years, that has become all too clear. From the end of 2007 to the end of March 2009, the average 401(k) balance fell 31%, according to Fidelity. The accounts have rebounded, along with the rest of the market, but that’s little help for those who retired — or were forced to — during the recession. In a system in which one year’s gains build on the next, the disaster of 2008 will dent retirement savings long after the recession ends.”

401(k)s are poor investments for most people because they expose investors to market volatility. Investors have little control.

Worst of all, with tax deferral all you’re doing is delaying the inevitable taxes, and taxes will not be lower in the future.

It’s a myth that you’ll be in a lower tax bracket when you retire. Even if your income is less, you don’t have the tax deductions you used to have.

The following Fram oil filter television commercial illustrates this concept perfectly:

*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.

Stop delaying the inevitable. Make wise decisions to protect your nest egg from taxes.

Set up a free appointment with a Missed Fortune advisor to learn how you can access investments that offer tax-free growth, tax-free withdrawal, and tax-free transfer to heirs.

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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Taking Back Control from Congress & the Fickle Market

May 30, 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, June 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 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.

Who Determines Your Financial Fate?

The New York Times published an article last week entitled “As Reform Takes Shape, Some Relief on Wall Street.” The article reports on the financial reform bill working its way through congress, and says:

“Despite the outcry from lobbyists and warnings from conservative Republicans that the legislation will choke economic growth, bankers and many analysts think that the bill approved by the Senate last week will reduce Wall Street’s profits but leave its size and power largely intact. Industry officials are also hopeful that several of the most punitive provisions can be softened before it is signed into law.”

If you’re heavily invested in the market, you’re heavily invested in the outcome of this legislation. You’re left to the whims and power-mongering of Congress, the vagaries of the market, the inevitable rising of inflation.

In short, you have little to no control. You’re sitting on the sidelines hoping and praying that the changes won’t negatively affect your account.

Why not take back your control? Why not empower yourself and become immune from market volatility, guarantee your principal, outpace inflation, reduce your taxes, and increase your liquidity?

You can, with Missed Fortune Strategies. Meet with a Missed Fortune advisor to learn how.

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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New Cap & Trade Bill Means Higher Taxes

May 23, 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 25th 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.

Congress Intent on Destroying the Middle Class

The Wall Street Journal recently published an article entitled “Just Don’t Call It a Climate Bill,” which reports:

“Despite the most creative rhetoric this side of ObamaCare, voters have figured out that ‘cap and trade’ involves artificial carbon rationing and vast new energy taxes. So the main goal of John Kerry and Joe Lieberman has been attempting to disguise these truths in the climate bill they released to much fanfare last week…

“The bill sets a 2020 target for reducing CO2 emissions by 17% from 2005 levels, and 83% by 2050…”

If this bill passes, fewer and fewer people will be able to purchase homes. You won’t be able to sell your home unless you retrofit it to meet the regulations.

The non-partisan Congressional Budget Office estimates the average cost of the bill for a family of four to be an extra $6,800 per year.

That will be the single largest tax increase this country has ever seen.

Take Charge of Your Taxes

It’s never been more critical for you to get the most deductions on your taxes. Unfortunately, few people know tax planning well enough.

For example, most people don’t claim enough withholdings, resulting in year-end refund. A tax refund is nothing but forced savings — the government kept your money without paying you interest.

Also, most people aren’t maximizing legitimate tax deductions. My CPA was once helping a financial advisor with his taxes. He asked the advisor, “If I save you money, will you pay me 25 percent of whatever I save you?” “Of course,” the advisor responded.

Within less than an hour, my CPA uncovered additional deductions that gave the advisor an additional $2,200 in his refund.

Tax increases will begin January 1, 2011. You need to convert your retirement plans into safer, more profitable savings vehicles while account values and taxes are lower.

Meet with a Missed Fortune advisor to learn how.

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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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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Avoid Stock Market Trauma

May 11, 2010

Recently the Dow set an all-new record –- albeit not a record to be proud of –- when it plunged nearly 1,000 points in a single day of trading before it recovered to a loss of 348 points by day’s end.

Investors around the world watched the free fall in horror, catching their breath as the spiral finally slowed and trading improved.

As it turns out, the drop was in part due to technical errors which in turn triggered further losses, but whatever the cause, the roller coaster ride was enough to leave more than a few investors shaken.

This is just one more example that makes it clear: Serious retirement money can be better off when it is not directly invested in the stock market.

Too many soon-to-be retirees –- and those already in their “golden years” –- find themselves vulnerable to the sharp ups and downs the stock market can bring.

Similarly, those with their money in 401(k)s and IRAs can be significantly impacted by bad days on Wall Street.

On the other hand, these investors want solid returns that help their retirement savings gain momentum.

Safe but sluggish CDs, money markets and similar vehicles can take too long, with too little return to make a difference.

Ideally, it would be nice to find retirement savings vehicles that can benefit from the ups of the stock market, while being protected from the downs.

There is a type of investment that offers this safety and rate of return.

What’s more, it offers liquidity to protect you in times of need. And by properly utilizing indexing, you can take advantage of the up ticks in the stock market, while sparing yourself the agony of the down ticks.

It’s all available through maximum-funded, tax-advantaged insurance contracts; they can provide a best-of-all-worlds solution to retirement planning.

Find out more today so you can feel secure, watching the world ride the ups and downs of the stock market, while you steadily take your journey toward your retirement.

Isn’t It Time You Became Wealthy?

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Entrepreneurial Habits & Secrets that Assure Success!

May 10, 2010

ATTENTION: Entrepreneurs and Business Professionals!

WHAT: Join Douglas Andrew for his first-ever full-day session: “Entrepreneurial Secrets and Habits That Assure Success”

Click Here to Preview the Agenda

WHERE: Join us live in Salt Lake City or ON-LINE via a Webcast

(Click HERE to view a sample of the quality of a webcast)

WHEN: Wednesday, May 19th, from 9:00 AM to 6:30 PM MDT (Live)

(Registrants will have access to archived video streams of this training for up to two weeks following this event)

WHY: Doug will share dynamic secrets that he has invested more than $1 million to learn and create and 37 years to develop.

HOW: Attend for a “never-offered-before” low tuition of $995

If you register by Tuesday, May 11th, you can attend this first-time seminar/webinar for only $495. You will also receive an ipod shuffle loaded with the training.

*But remember, you must act before time is up to receive this incredible price and ipod!

CLICK HERE NOW TO REGISTER FOR HALF PRICE

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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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