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Did 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to pay for increased government spending, money inside 401(k)s and IRAs will most likely have higher taxes when it is withdrawn.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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