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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
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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