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Missed Fortune

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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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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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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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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How do you determine between wants verses needs? Doug Andrew from Missed Fortune Radio explains.

If you don’t see this video in RSS or email click on the header to go to the blog to view it.

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missed fortune super blog itunes 150x150 Why Defer Taxes If Taxes Are Going Up? Why defer taxes if taxes are going up?

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

I’m really concerned about the rate that the national debt is increasing.  Two things are highly predictable:  1) Your money will never be worth more than it is today 2) Your current tax bracket is likely the lowest bracket you will ever be in.

If we know taxes are going up in the future, do you want to have a financial strategy that defers taxes?  Qualified plans such as 401k(s) and IRAs defer taxes.  Is that the right strategy for you?

An engineer who was in my office this week really gets it.  He understands that a maximum funded insurance contract is a far better alternative.  He is protected and doesn’t  lose money when the market goes down but gets competitive rates of return when the market is going up.

Attend our event live over the internet on Tuesday June 9th: Don’t miss your chance to understand how to protect your money during this economic crisis but get competitive rate 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 the 11am or 6pm Pacific session.

New 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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With investing being more uncertain today because of banks closing, businesses shutting their doors forever, and despicable investors like Bernie Madoff no wonder one of the most asked questions we get is, “How safe is life insurance?”

Even insurance giant AIG has given the insurance industry a black eye. Insurance is the backbone of our financial system. But don’t take our word for it.

We could go on and on about the merits and safety of life insurance. Instead, click on the articles below for third party comments and praises…

Time Magazine, How Safe is Your Insurance Company?

Financial Advisor Magazine, Insurance As An Investment

The Street.com, What You Need to Know About Your Insurer

CNBC, Investing in Life Insurance

San Francisco Chronicle, How safe is your insurance policy?

The Columbus Dispatch, Insurance safety net backed by companies

Set up an appointment with one of our advisors to find out more how you can keep your money safe! If you already have an advisor tell them to contact us to find out how they can make your money safer than ever before! Call Toll-free 888-987-5665.

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missed fortune super blog itunes 150x150 Standing on the Corner of Confused and Troubled

Standing on the Corner of Confused and Troubled

We want to welcome new stations to Missed Fortune Radio

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

When David Walker, Comptroller General of the United States Government Accountability Office (GAO), left office about one-and-a-half years ago, he stated he needed to retire so he could tell the American public the truth.

The truth is we currently have national debt that exceeds $11.2 trillion, which represents a liability of $36,000 per American citizen.

The U.S. economy is a sinking ship, and Congress is preoccupied rearranging the deck chairs, hoping that more weight on the portion still above water will bring the ship level. It’s time that Americans board a life boat and weather the economic storms ahead.

See Doug Live: Tuesday, May 12 in Salt Lake City, Utah 2009, 5:30 PM – 8:30 PM Pacific. To attend by computer and phone (Click here to register). To attend live (Click here to register)

New 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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missed fortune super blog itunes 150x150 How Should You Use Your Income Tax Refund?

How should you use your income tax refund?

We want to welcome Three new stations to Missed Fortune Radio: KTSA 550 AM in San Antonio, TX and KCBQ 1170 AM and KPRZ 1210 AM San Diego, CA

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

How to protect yourself from economic storms.  How to convert your tax refund into a $300,000 retirement fund.  How to redirect otherwise payable income taxes to causes that you support, including your own retirement.

I’m flabbergasted how many people overpay their taxes.  Right now many of you are probably going to be getting an income tax refund in the next few weeks.  You’ve been lending your extra money to the government and they don’t pay you interest on that money, even though they’ve been using it for the last year.

Do you know that for every $1,000 dollars that you get back for your income tax refund, you could have $100,000 during retirement?  If you put that $1,000 dollars away in an investment every year you could have over $100,000 in just 25-30 years at a 7% return.

Instead of consuming it, what if you invested (conserved) it?  What Dave Ramsey and Suze Orman don’t understand about life insurance.

Free consultation and analysis with Missed Fortune. Call 888-76-Radio. Get a free 60 page customized report and experience clarity and new direction. Call for your free copy of Last Chance Millionaire.

See Doug Live: Tuesday, May 12 in Salt Lake City, Utah 2009, 5:30 PM – 8:30 PM Pacific. To attend by computer and phone (Click here to register). To attend live (Click here to register)

New 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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The 401(k) Fallout

April 26, 2009

missed fortune super blog itunes 150x150 The 401(k) Fallout

We want to welcome another new station to Missed Fortune Radio: KTRB 860 AM in San Francisco, CA

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

Sixty Minutes did a special this last week on the 401(k) fallout.  Click here to see the video.   “Conservative” advice has been telling us to put our retirement savings in 401(k)s and IRAs for decades.  How many of you have lost 30%, 40%, or even 50% or your retirement account values in just the last couple of years? You are not alone.   When you lose 50% of your account values you need to get a 100% gain just to get back to break even.  That could take years.

My advice has remained the same during good economic times and bad.    We protect people by having them put their money in places that don’t go down in value, especially during rough economic times.   I have never put one dollar of my own money in an IRA or 401(k).    My conservative investments haven’t lost a dime in the last couple of years.  Our clients who have followed my advice haven’t lost their serious cash during this economic storm.

Free consultation and analysis with Missed Fortune. Call 888-76-Radio. Get a free 60 page customized report and experience clarity and new direction. Call for your free copy of Millionaire by Thirty or Last Chance Millionaire.

See Doug Live: Tuesday, May 12 in Salt Lake City, Utah 2009, 5:30 PM – 8:30 PM Pacific.  To attend by computer and phone  (Click here to register).  To attend live  (Click here to register)

New 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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