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Doug Andrew

How is Obama Hurting Your Retirement?

June 27, 2010

Podcast: Download (22.9MB)

missed fortune super blog itunes 150x150 How is Obama Hurting Your Retirement?This week Doug Andrew discussed the following:

Upcoming Complimentary Webinar

Attend our free 90-minute webinar live over the Internet this coming Tuesday, June 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 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.

Democrats’ Attack on America

As more Americans are getting fed up with health-care bills being forced upon us, Obama’s approval ratings have been consistently dropping.

Forbes.com states:

“Suggesting a giant government takeover over a sixth of the economy can’t be a popular selling point in a county whose DNA has a programmed hostility to big government.”

From our nation’s founding, Americans have been cautious of big government.

Our founding fathers sought after a nation that had the consolidated strength of many, while at the same time still safeguarding the citizens from a dominant government that is invasive in their lives.

ObamaCare has thrown those founding principles out the window and is trying to fundamentally change the culture of American life in one fell swoop.

This attempt by the Democratic Party is one of the biggest political mistakes in history.

Dan Sullivan writes:

“The Democratic attempt to put the entire American health care industry under government control is going to destroy the party’s electoral fortunes for several decades if not generations.”

Americans are fed up with the government trying to be able to decide how, where and when they can receive medical services. The pains Americans will feel around this will not stop there, either.

Big Government Forcing Un-Retirement

With government getting bigger, the continuous costs to taxpayers are also increasing.

That, combined with the market upheaval, is causing people to be faced with drastically shrinking nest eggs put away in their 401(k)s.

Many retirees now need to un-retire. Fortune Magazine writes:

“Having to go back to the office when you dream for years about putting in your garden or volunteering can be frustrating and even depressing, but retirement isn’t all it’s cracked up to be either.

“For most productive, well educated men and women an average of 25 years of leisure may be isolating and boring. Returning to work may turn out to be a blessing after all. Remember work is good not only for the cash flow but also in keeping the mind and spirit sharp.”

That is certainly a positive take on a disheartening situation, and there may be many positives to going back to work.

However, wouldn’t it be nice to be choosing to go back to work instead of having to?

Many retirees are no longer faced with a choice like this. Going back to work is becoming a necessity.

Meet with a Missed Fortune advisor to learn how to protect yourself against big government deciding the terms on which you can retire.

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 Power of a Tax-Free Retirement

September 20, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 The Power of a Tax Free RetirementDid you miss this week’s show? Doug Andrew discussed the following:

Attend our three hour event live over the internet this coming Wednesday, September 23rd at 5:30 pm Pacific/6:30 Mountain/7:30 Central: 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. This strategy is called indexing and you need to know all about it. To register online click here or call 888-76-Radio (888-767-2346).

I’ll be presenting LIVE in Salt Lake City, Utah at a special three hour event this coming week. Just for registering you’ll receive a free e-book and audio book on the IRA/401(k) dilemma. Admission is free for Missed Fortune Radio subscribers and listeners:

If you believe that future tax rates will be higher, you need to start taking control and start using strategies that will allow you to accumulate money that will be tax free when you go to use it.

Future tax rates will be higher!  In all the books I have written, I talk about how you can crawl towards retirement in tax as earned investments such as CDs and Money Markets.  You don’t want to crawl toward retirement!

The power of a tax free retirement. If you had a $1,000,000 earning 10% and were accessing your money tax free, you could withdraw 100,000 a year and have it last into perpetuity.  It would never run out!

If you had to pay taxes on the money, you would have to draw out $150,000 to get $100,000 after tax.  Your money is going to run out much quicker if you have to pay taxes on the back end. For those of you who are approaching retirement in the next 5-10 years, it is not too late.

Did you know there are three kinds of people in the world? The Strivers, who pay interest. The Arrivers, who earn interest. The Thrivers, those who pay some interest to earn more interest. They learn how to become their own banker. I’ve taught for 35 years how to pay off your home and become debt free the quickest and smartest way.

FREE Missed Fortune E-book: Baby Boomer Blunders. THE PROBLEM? 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 at www.babyboomerblunders.com

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Increased Government Spending Equals Higher Taxes

September 6, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 Increased Government Spending Equals Higher TaxesDid you miss this week’s show? Doug Andrew interviewed guest Aaron Andrew:

Most Americans believe that if GM can’t be profitable it should simply disappear.

If there is any single event that will hurt the current presidency it is the involvement of bailing out General Motors, a monstrous unprofitable organization that has been failing since the 1970s.

Survey after survey over the last six months shows that 70% of Americans are opposed to any government assistance to this corporation.

Over the past century Americans have seen hundreds of corporations that were listed on the Fortune 500 disappear.  The birth, growth, decline and death of large corporations is a natural fact of life.

Here are a few segments of Doug’s interview with guest Aaron Andrew:

What is the fundamental difference between what a traditional financial planner tells people to do and what you prescribe for your clients?

Most financial advisors tell people to put money in 401(k)s and IRAs.   Because we are an instant gratification society, we want the tax break today even though this only makes our tax situation worse during retirement.

Putting off taxes while this money continues to grow and compound only makes the tax problem greater down the road.  As the government continues to increase taxes to pay for increased government spending, money inside 401(k)s and IRAs will most likely have higher taxes when it is withdrawn.

What we do is help people have a tax-free retirement income so that half their money is not going to Uncle Sam.

Why have most traditional investments in IRAs and 401(k)s not been successful during the last decade?

With the huge downturn in the market from 2000 to 2002 people lost a ton of money.  Let’s work with an example of say $100,000.  When people have a 50% drop they only have $50,000 remaining.  They have to have a 100% return to get back to their original investment.

It’s going to take a long time to make that money back and with the recent downturn again in 08, investors have lost a lot of money again.

Why didn’t your clients suffer any loses this last year?

The financial products that we use provide safety so that when the market tanks our clients don’t lose a dime.  They have a floor and little risk because their money isn’t in the market.

This year with market picking back up they are on track for a 16% rate of return.  This is all part of a lock-in and reset strategy.

Attend our one hour event live with Guest Aaron Andrew over the internet this coming Tuesday, September 8th at 11:00 am and again at 6:30 pm Pacific: 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. This strategy is called indexing and you need to know all about it. Call 888-76-Radio (888-767-2346) to register.

FREE Missed Fortune E-book: Baby Boomer Blunders. THE PROBLEM? 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 at www.babyboomerblunders.com

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An 8% Return Over the Last Two Years

August 30, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 An 8% Return Over the Last Two YearsDid you miss this week’s show? Doug Andrew interviewed guest Devin Larkins:

What is the difference between what a traditional financial planner espouses and what you prescribe for your clients?

The traditional way believes in the markets, securities, and in things that are going to go up and down.  What I believe is that we need a guarantee on our money.

We live in a post 9/11 and a post-financial collapse world, where if we don’t have a guarantee we can wake up and lose half our money.  If you want to sleep well at night you have to have a guarantee.

Why has the traditional investor not been successful during the last decade?

The traditional investor is a product picker and wants to time the market.  That is what I experienced as a professional.

People would call when the Dow was at an all time high and want to buy, and when the Dow was at an all time low they wanted to sell.  They almost always got it wrong.

We want to get clients out of this emotional cycle and go with something that is a strategy, meaning it will work when the market is high and when the market is low.  We have a proven strategy that has worked this last decade!

What is the economy really telling us right now?

There are a lot of real positive signs right now that point to stability and to recovery.  Sometimes we believe that the real economy has to be totally solid before we do anything financially.

But the good news is we can actually put our money in the market and have a guarantee and participate in the upside.

We don’t want to do it the traditional way where we can lose all our money.   We want to do it in a safe way, where we can participate in the growth but at the same time keep our principal safe.

How have your clients fared during the last two years?

This is the good news.  In 2008 our clients didn’t lose any money!  We had the guarantees.

In 2009 our clients are getting 15% or 16% in many cases.  Over a two year period that is 8% a year.  Who else can say that in the last two years?

Attend our one hour event live with Guest Devin Larkins over the internet this coming Tuesday, September 1st at 11:00 am and again at 6:30 pm Pacific: 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. This strategy is called indexing and you need to know all about it. Call 888-76-Radio (888-767-2346) to register.

FREE Missed Fortune E-book: Baby Boomer Blunders. THE PROBLEM? 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 at www.babyboomerblunders.com

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“I Don’t own an IRA/401k-Never Have, Never Will!”

August 19, 2009

If you’re like many Americans, you may have seen 30, 40 or 50% losses on the value of your 401(k)s or IRAs in the last few years. But I predict the worst hit is yet to come — and it’s not what you think.

Watch this brief YouTube video.

If you are getting this feed in RSS or email and cannot see the video, please click on the header to go to the blog to view it.

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Are You Frustrated with Bad Financial Advice?

August 16, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 Are You Frustrated with Bad Financial Advice?Did you miss this week’s show? Doug Andrew discussed the following:

The government is spending.

If you’ve been reading the Wall Street Journal or USA Today in the last week or so you may have seen articles about the soaring federal deficit.  This administration will have quadrupled last years federal deficit by the end of 2009.

We’re probably going to hit about 1.8 trillion dollars on top of the current debt, which is 11.7 trillion.

In other words, that is $38,500 for every US citizen, whether they are old enough to pay taxes or not.  And the next years is anticipated to be about 1.3 trillion (This information is from the White House).

Recently we’ve had about 2,000 people call us after listening to Missed Fortune Radio.

Many of them have been frustrated with the financial advice they have been getting over the years.  Many of them have lost 30,40, or 50 percent of their savings, but instead of new solutions their advisors are telling them to stay the course.

Sometimes it seems financial advisors give advice that benefits them and their families more than you and your family.

Make sure and listen to the song we played on Missed Fortune Radio (It is funny and you’ll be glad you did)

Attend our one hour event live over the internet this coming Tuesday, August 18th at 11:00 am and again at 7:00 pm Pacific: Don’t miss your chance to understand how to protect your money during this economic crisis and get competitive rates of returns during the good years. This strategy is called indexing and you need to know all about it. Call 888-76-Radio (888-767-2346) to register.

Why I don’t own an IRA or 401(k) and never will.

If you are like many Americans, you may have seen a loss of 30%, 40%, and 50% in the value of your 401(k). I predict the worst hit is yet to come and it isn’t what you think.

Recovering from losses can be tough. Did you know if you lost 50%, you need to get a 100% return to get your money back?

That isn’t everything that we need to worry about either. The biggest loss you may ever incur is the day you start to pull out your money from these accounts. You’ll be in a higher tax bracket and future taxes will be higher than they are now.

I’ve always put my serious cash such as college savings, retirement, and home equity into investments that will accumulate money tax free. And then when I access that money it is tax free, including the gain.

When I die it also blossoms and transfers income tax free. I make sure this money is liquid, safe, and earns a competitive rate of return. I choose to put my cash into Maximum Funded Tax Advantaged (MFTA) Life Insurance.

FREE Missed Fortune E-book: Baby Boomer Blunders. THE PROBLEM? 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 at www.babyboomerblunders.com

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Avoid a $100,000 Loss, Start Optimizing Assets Now!

August 12, 2009

FACT: Every 90 days that go by without implementing the Missed Fortune Asset Optimization Strategies can result in a loss of $100,000 or more in future retirement resources for the average client when tax savings are calculated into the equation.

Why is that?

If you’re feeling a bit skeptical, that’s understandable. The average client who comes to implement the Missed Fortune Asset Optimization, Equity Management, and Wealth Empowerment strategies is skeptical at first, too.

New clients wonder how we can dramatically increase their retirement resources by repositioning assets (often those that have not been optimized) without increasing their outlay one dime.

The fact is, we do it all the time. That’s our unique specialty.

After people see the difference between the “darkness of the night” of their current retirement strategies, versus the “brightness of the day” of the Missed Fortune strategies, they are convinced to get in motion and get it done now.

Since it takes about 90 days on average to complete the True Wealth Transformation unique process, every month-every quarter-that slips by can result in a tremendous loss to precious future retirement resources, due to the time-value of money.

To illustrate, a typical client has some money accumulated in IRAs or 401(k)s that is not being optimized, and most will lose one-third of that value (due to taxes) when they retire and begin to withdraw money.

Many clients also have other non-performing assets such as CDs, money market accounts, and mutual funds that either have low yields, or may be volatile and unpredictable in growth. These accounts are often taxed-as-earned or tax-deferred, rather than being totally tax-free investments.

The average client also has a home worth about $250,000 – $300,000 with at least some equity in that home. Most people are anxious to get their house paid off and be “out of debt,” so they send extra principal payments on their mortgage, or they obtain a 15-year mortgage.

We show them a smarter, quicker way to get out of debt with successful equity management.

As you can see, most people are crawling, walking, or at best, jogging toward the finish line of financial independence, when they could be sprinting with Missed Fortune strategies.

With most clients, we reposition assets (between lump sums and monthly reallocation) during the first five years of their plan, which comes to a total of about $300,000 on average (some clients are substantially more, and some are less).

Over a 30-year period of a client’s life-for example, from age 35 to 65, age 45 to age 75, or age 55 to age 85-$300,000 has the potential of growing tax-free to a nest egg of about $4.4 million.

However, if clients delay starting their plan and that same money is put to work for only 357 months rather than 360 months, the account value at the same point in time down the road would be only about $4.3 million-a difference of $100,000!  No big deal you say?

Well, an extra $100,000 can generate $666 a month of tax-free income for the rest of your life-or into perpetuity. And that doesn’t take into account the savings of unnecessary income tax you could realize by employing the Missed Fortune strategies sooner than later.

The greatest question is why wait? If you had a serious disease and could be cured if you saw a specialist sooner than later, would you rearrange your schedule and take off work to get treated?

Many people have a financial illness that we cancure and it’s far better to tend to it sooner than later.

If someone offered you an extra $100,000 if you would take a day off your regular job to work on something else, would you jump at the chance? Missed Fortune is giving you that chance.

Make getting started on your Missed Fortune True Wealth Asset Optimization plan an A-1 priority! It can pay you back with huge dividends in the future!

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I Don’t Own an IRA or 401(k)–Never Have, Never Will!

August 5, 2009

There Are Better Ways to Save and Have Tax-free Income in Retirement

If you’re like many Americans, you may have seen 30, 40 or 50 percent losses on the value of your 401(k)s or IRAs in the last few years. But I predict the worst hit is yet to come-and it’s not what you think.

As it is, recovering from losses can be tough. For example, when an account loses 50 percent of its value, the account has to experience a 100 percent gain just to get back to the break even point. Say you had $100,000 in a 401(k) two years ago that is now worth $50,000. Your account would need to double to get back to its original value. In this volatile economy, that could take years.

Also, retirement accounts that were once worth twice as much and generated interest income of 7, 8 or 9 percent, are now worth half as much and are only generating 2, 3 or 4 percent.

But that’s not all to be worried about.

Despite all the recent losses, I predict it will pale in comparison to the tax hit retirees will experience the day they begin withdrawing their money from their qualified retirement plans.

I had a school teacher who came to me several years ago for financial planning.  She knew she would only be receiving 60 percent of the income she had when she was teaching (2 percent for every year of 30 years of service). Thus, she had socked away money faithfully in the state’s 401(k), 403(b), and in tax sheltered annuities (TSAs) to supplement her retirement.

But when she retired, she found herself in the highest tax bracket she had ever been in, even though she was not working. Why? Her house was paid off; she was not contributing to these accounts anymore; and she had no dependents. Her tax deductions were all gone.  On top of her pension and social security, at age 70½ she was forced to withdraw the minimum distribution from her tax-deferred accounts. Her taxable income was $80,000 a year, with hardly any deductions.  All that money she had saved in taxes during her 30 years of contributions-she essentially paid it back to Uncle Sam during the first two years of retirement, and every two years thereafter!

You see, the government has a permanent tax lien on your IRAs and 401(k)s.

One thing is certain:  Future taxes will be going up. For this reason, I don’t own an IRA or 401(k)-never have, never will!  There are better ways to save and have tax-free income in retirement.

There is only one savings accumulation vehicle that provides liquidity, safety, and earns an attractive rate of return that is tax advantaged while your money accumulates, and can remain tax-free when you withdraw it, and is income tax free when transferred to your spouse or heirs.

What is it?-A properly-structured, maximum-funded insurance contract under Internal Revenue Code guidelines.

I own several wherein my money grows tax-free, I can access it tax-free for income, and when I ultimately die, any money remaining will transfer income-tax free to my beneficiaries. I have every advantage that a Roth IRA or Roth 401(k) offers plus a whole lot more because I can put in as much money as I want and there are no rules on when I can withdraw my money.

If you’re feeling confused and powerless because your IRAs or 401(k)s lost 20-50 percent during the last couple of years, leaving you frustrated-even feeling paralyzed-there are safe strategies and solutions that will help you get unstuck and get your future back!

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3 Simple Test for Determining Wise Investing

August 2, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 3 Simple Test for Determining Wise InvestingWhy I don’t own an IRA or 401(k) and never will

Did you miss this week’s show? Doug Andrew discussed the following:

We want to welcome KSL1160 and 102.7 in Salt Lake City, Utah and KNEW Talk 910 in San Francisco, CA to Missed Fortune Radio.

Economic booms and busts are as American as baseball and apple pie. In my experience, I believe we go through economic cycles every 8-12 years. During economic times like this year, watch what the herd does and don’t follow them.  The media is part of the herd, don’t listen!   No matter what government tries to do, there is no possibility of ever removing the boom and bust cycle of American economics.

What are the three simple tests for determining a wise and prudent investment? I call this the L.S.R.R. test.

1)  Make sure you have liquidity.  Can you get your money back when you need it back?

2) Is it safe or guaranteed?  Is the principal safe so that no matter what happens in the economy you will not lose your principal?  The people that followed the Missed Fortune strategies didn’t lose, even this last year.  Did you know you can have your money liquid and safe at the same time?

3) They earn a nice rate of return that is tax free.

Why I don’t own an IRA or 401(k) and never will. I’ve always put my serious cash such as college savings, retirement, and home equity into investments that will accumulate money tax free.  And then when I access that money it is tax free, including the gain.  When I die it also blossoms and transfers income tax free.  I make sure this money is liquid, safe, and earns a competitive rate of return.

Attend our three hour event live over the internet this coming Saturday, August 8th at 10 am Pacific: Don’t miss your chance to understand how to protect your money during this economic crisis and get competitive rates of returns during the good years. This strategy is called indexing and you need to know all about it. Call 888-76-Radio (888-767-2346) to register.

Three choices for your money: 1) Fixed Rate Instruments – Your money is put into relatively conservative financial instruments that generally have lower rates of return. 2) Variable Products – These are products that allow you to have great returns of 20-30% during the good years but during economic hard times you can also lose 30% or more. 3) Indexed Products (the middle ground) – This type of financial product gives you returns that are greater than the rate of inflation during good years but keeps your money safe so you don’t lose a dime when the market goes down.

FREE Missed Fortune E-book: Baby Boomer Blunders. THE PROBLEM? 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 at www.babyboomerblunders.com

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Companies are Born, Rise, Fall, and Die

July 26, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 Companies are Born, Rise, Fall, and DieDid you miss this week’s show? Doug Andrew discussed the following:

We want to welcome KSL1160 and 102.7 in Salt Lake City, Utah and KNEW Talk 910 in San Francisco, CA to Missed Fortune Radio

Companies are born, rise, fall, and die.

Everything that the pundits on the left are pushing for is opposed to the dynamic way that America has worked for more than 23 decades.    Without failure the culture of risk fades.  Without risk creativity withers.  The more government meddles in our affairs,the more everything will get fouled up.

What are the seven qualities that Americans have enjoyed that my friend Dan Sullivan calls The American Center? 1) Individualism 2) Ingenuity 3) Being Exceptional 4)  Growth 5) Transformation 6) Winning 7) Transcendence

Why do Financial Advisors not want you to move your money? Did you know that most financial professionals only get compensated when your money is being managed by them.    When you transfer money to safer places, they lose their compensation.  That’s why they tell you to stay the course.

You need to get your money repositioned. One way to make this happen is through a strategic roll out. It could take you 10 years at 7% to make back and recoup what you lost in the market.  If that really does happen, would you rather have that come back in a taxable or a tax free environment.  To do this in a tax free environment, strategically roll that money out and put it into something that is tax free from today forward.

You do this in three steps 1) Transfer out the money and pay the taxes 2) Reposition the money in vehicles that are tax-free going forward and 3) Offset some or all of the income taxes incurred through new deductions or strategies.

Attend our one hour event live over the internet this coming Tuesday, July 21st at 11 am or 6 pm: Don’t miss your chance to understand how to protect your money during this economic crisis and get competitive rates of returns during the good years. This strategy is called indexing and you need to know all about it. Call 888-76-Radio (888-767-2346) to register for either 11am or 6pm. You can register here to attend live over the internet.

Three choices for your money: 1) Fixed Rate Instruments – Your money is put into relatively conservative financial instruments that generally have lower rates of return. 2) Variable Products – These are products that allow you to have great returns of 20-30% during the good years but during economic hard times you can also lose 30% or more. 3) Indexed Products (the middle ground) – This type of financial product gives you returns that are greater than the rate of inflation during good years but keeps your money safe so you don’t lose a dime when the market goes down.

FREE Missed Fortune E-book: Baby Boomer Blunders. THE PROBLEM? 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 at www.babyboomerblunders.com

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