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Missed Fortune Radio

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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Where Should You Put Your Serious Cash?

August 23, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 Where Should You Put Your Serious Cash?Did you miss this week’s show? Doug Andrew discussed the following:

We need a separation of the economy from the government.

Whenever we face a challenge where our income is less than our outgo, we have to face the choice of either to cut our spending or raise our revenue or income.

It’s very obvious that congress is not cutting expenses but rather increasing them, by quadrupling the deficit we had last year.

What do you think congress is going to do to increase revenue?   There are two obvious answers:  either they have to increase taxes or print more money (which causes inflation).

There are two highly predictable  facts that I’ve been talking about lately 1) Your money is never going to be worth more than it is today and 2) You’re current tax bracket is likely the lowest tax bracket that you’re ever going to be in.

Attend our one hour event live over the internet this coming Tuesday, August 25th 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.

I’m a big proponent of avoiding tax-deferred investments, like IRAs and 401(k)s, because 1/3 of your money will go out the window when you begin to withdraw your money.

The day you will suffer your greatest loss is when you begin to access that money.

So what should you be doing right now?  You need to be repositioning your serious money — that money in IRAs and 401(k)s that may have lost 20%, 30%, or even 40% of its value.

Did you know that people who followed these strategies did not lose any money during the last two years?  Already, many who implemented these concepts are on track this year to experience 12%, 15%, or even a 16% gain.  You need to understand how to do this!

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. 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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“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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What is an Indexing Strategy?

August 9, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 What is an Indexing Strategy?Did you miss this week’s show? Doug Andrew discussed the following:

Cash for Clunkers Program.

I’m all for better gas mileage and for more efficient cars, but  I really wonder what the ulterior motives for this program really are.

One motive is to look as if the government is green.  Another motive is to stimulate the automotive industry.

But some wonder why the government is investing billions into bailing out one industry and not others that are failing.  The privacy act and security statement on the http://www.cars.gov website has been modified since the airing of this show.

See the website at Truth or Fiction for more details on this story.

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’ll may ever incur is the day you start to pull out your money from these accounts.  Most likely, 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.

Attend our three hour event live over the internet this coming Wednesday, August 12th at 6:30 pm Mountain: 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) or go to www.missedfortuneradio.com to register.

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.

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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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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Government or Entrepreneurs

July 19, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 Government or EntrepreneursDid you miss this week’s show? Doug Andrew discussed the following:

The economic system isn’t fragile like politicians think it is.  Many politicians have never ran so much as a candy store and have no idea what free markets are all about.

Some economists believe that if significant institutions fail, the system will implode.  The evidence points to the opposite conclusion.   The financial system is robust and can deal with the failure!

The current situation needs leadership.  Where is that leadership?  Which sector of society is more likely to provide solutions and creativity?  Government or Entrepreneurs?  Is it the sector of entrenched inefficient wasteful bureaucracy or innovative resourceful entrepreneurs?

The goal of Missed Fortune radio is to give you clarity about how you can take proactive action to regain what you’ve lost and then protect yourself so that you never lose again.  One way to make this happen is through a strategic roll out.

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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