The Ultimate Retirement Plan Alternative

 

“Errors of human judgment can infect even the smartest people, thanks to overconfidence, lack of attention to details, and excessive trust in the judgments of others.”
—Robert J. Shiller, Professor of Economics, Yale University

Yikes! It’s not so bad if your “error of judgment” means you picked the wrong brand of toothpaste or even the wrong resort hotel. But it’s mighty serious, indeed, if your error of judgment leaves you struggling to get by in retirement—particularly if your health (or the health of someone close to you) means you can’t go back to work.

What then?

According to AARP, those errors of judgment have left the majority of baby boomers believing they’ll be forced to postpone retirement. And half have little confidence they’ll ever be able to retire.

“But I’ve done all the right things!”

If you’ve been doing “all the right things” financially, but are disappointed that you don’t have nearly enough in your retirement fund, do you think continuing along the same path will suddenly start bringing you a different outcome?

And how much is enough, anyhow? Is having $500,000 socked away going to do the trick? Even if you only need $3,000 per month to augment your Social Security check, $500,000 will be gone in about 14 years! Then what do you do? Sit home and watch reruns of I Love Lucy?

The sad truth is that most families don’t have anywhere near $500,000 in retirement savings. In fact, the Federal Reserve Survey of Consumer Finances reveals that the typical household nearing retirement—people ages 55 to 64—has only $111,000. If a couple uses their $111,000 to purchase an annuity, those assets will provide at most only $500 per month!

That’s not even enough to buy groceries these days, not to mention paying for health care, heating, transportation, insurance, and all the other expenses of daily life. And the purchasing power of that $500 will decline over time, due to inflation.

But even more frightening is the fact that this paltry $500 per month is likely to be the only source of income they’ll have to supplement Social Security, because that’s all most people have.

The U.S. Senate Committee on Health, Education, Labor, and Pensions tells us just how bad the situation is: “After a lifetime of hard work, many seniors will find themselves forced to choose between putting food on the table and buying their medication.”

Government-Controlled Plans Are Not the Answer

The real problem is that 401(k) and 403(b) plans, IRAs, Roths, SEP-IRAs, and so forth, are all government-devised and government-controlled plans that in the long run don’t benefit you as much as they benefit the investment advisors who sell you the plans.

For example, tax-deferral—the holy grail of retirement planning—is not the magic bullet you may have been told it is. First, tax deferral is not the same as tax-free.

Second, just about every financial expert—and virtually everyone we meet—believes tax rates are going up. So waiting to pay your taxes until the rates go up makes about as much sense as waiting to buy a new mattress until they raise the price. Plus, if you’re successful in growing your nest egg, you’ll only be paying higher taxes on a bigger number!

Third, is the issue of how you grow your money. Thanks to the multi-billion dollar lobbying efforts of Wall Street, the government makes it very difficult for you to invest your retirement funds in anything other than stocks, bonds, and mutual funds.

Before 1978, speculating in stocks was a pastime of the wealthy. Today, thanks to the explosive growth of 401(k) plans, mutual funds, and the Internet, the typical working person has bet his or her financial future on a roll of the dice in the Wall Street Casino.

But ask yourself this question: “Is the money in my retirement account money that I can afford to lose?” Of course not. Despite that fact, we’ve been told that the best way to grow a substantial retirement nest egg is to gamble our future financial security in the market.

Enter Bank On Yourself

“I am more concerned with the return of my money than the return on my money.”
—Mark Twain

Bank On Yourself represents a paradigm shift—a refreshing new (yet old) way of saving for retirement. Using the Bank On Yourself method, the growth of your money is guaranteed. You’re not going to open your statement to find that 40% or more of the money you’ll need for retirement somehow drifted off into space based on the machinations of some greedy investment bankers whose latest monetary creation toppled the market.

Not only does the money you put into a Bank On Yourself plan remain secure, but also the growth of your money is both predictable and guaranteed. You receive a guaranteed annual increase, plus you have the potential for dividends. Dividends, while not guaranteed, have been paid every single year for more than 100 years by the companies recommended by Bank On Yourself Authorized Advisors.

Their track record is so good because these companies are masters at under-promising and over-delivering—unlike your friendly Wall Street stockbroker or hedge fund manager.

How Is This Possible?

How can anyone guarantee the growth of your money? That’s where the paradigm shift comes into play. We’re not even talking about investing in the market. To the contrary, Bank On Yourself is based on a 160-year-old strategy that gives you a rare combination of guarantees, safety, liquidity, control, and tax advantages.

Your money grows by a guaranteed and predictable amount every year, and that growth gets better every year you have it. Bank On Yourself is for those who want to grow their wealth consistently every day and have control of their money and finances. This strategy is so safe and so consistent that it’s actually really pretty boring.

If you need something more exciting, try your hand at pork bellies or gold futures on the commodity exchange. But if guarantees, safety, liquidity, control, and tax advantages are important to you, consider Bank On Yourself.

Bank On Yourself lets you bypass Wall Street, beat the banks at their own game and—finally—take control of your own financial future. It can help almost anyone—regardless of age, income or financial sophistication—reach their financial goals and dreams without losing sleep.

What Is the Bank On Yourself Method?

Bank On Yourself uses a little-known super-charged version of an asset that has increased in value during every single market crash and in every period of economic boom and bust for more than 160 years—dividend-paying whole life insurance.

But not the kind most financial advisors talk about! Bank On Yourself plans are based on dividend-paying whole life insurance policies with some features added on to them that maybe one in 1,000 financial advisors actually understands. In a Bank On Yourself plan, a large portion of your premium goes into two riders or options that make your money in the policy grow significantly faster than a traditional whole life policy, while reducing the commission the agent receives by 50-70%.

Are You Planning or Gambling?

Do you know how much your retirement account will be worth in 10 years, 20 years, or on the day you hope to tap into it? If you’re like most people, you don’t have a clue! You may hope it’ll be worth a certain amount, but do you actually know?

If you can’t answer that question, you don’t have a plan! You’re gambling.

If you’re tired of gambling with your future, now is the time to look into Bank On Yourself. There’s no obligation, and I am not going to twist your arm. So take the first step and request your FREE Analysis now, while it’s fresh on your mind. To get all your questions answered, and to learn more about the ultimate retirement plan alternative, for a FREE, no-obligation Retirement Strategy Analysis CLOSE THIS WINDOW and fill out our easy contact form, OR schedule an appointment with our Wealth Advisor right on our website!

Bypass Banks and Finance Companies and Become Your Own Source of Financing

 

Is buying a big-ticket item looming in your future? A home theater system, a new washer and dryer, a car, a cruise?

Any time we’re considering the purchase of something “big,” lots of things run through our mind. Excitement—This is going to be great! Anticipation—I’ve dreamed of this for so long! But also worry—Am I making the best choice? Am I paying a fair price?

Something many people rarely think about, something that is equally as important as the right choice and a fair price, is choosing the right way to pay for your purchase. How are you going to finance it?

Have you stopped to consider that you finance everything you buy? Either you pay interest when you make payments, or you lose interest on your money if you pay cash. Since you really do finance everything you buy, a fair question to ask is, How are you going to finance your purchase?

Financing Purchases Usually Comes Down to One of These Strategies:
Use your own money. Save up in advance, take the money out of your savings account, and pay cash.

Use somebody else’s money. Take out a loan, use the proceeds to pay for the item, then pay back the lender—with interest—over time.

Lease it. Obviously, you can’t lease a cruise, but leasing is a popular strategy to get a new car with a low down payment and often lower monthly payments than taking out a loan. And some people lease, or rent, their appliances. But either way, this is a variation on the strategy of using somebody else’s money and paying it back—with interest—over time.
Truth be told, none of these strategies is ideal, but there is a little-known strategy that is ideal.

Let’s look at the big picture: Let’s include not just what your costs are now, but also what you’re left with a few months or years down the road. For example, let’s talk about financing a new car.

Over the years, probably more cars have been purchased using a loan than using any other method. Getting a loan is usually pretty easy. The dealer will take care of all the paperwork right there in the showroom, and you can have the car now, whether or not you have enough money in hand. What’s not to like about that?

You’ve Got to Look at the BIG Picture
What will you have to show for your money after you’ve paid back the money you borrowed, plus the interest on your loan? Answer: only a used car, worth whatever its trade-in value happens to be. Okay, that’s pretty obvious.

Then there’s leasing. Again, look at the big picture. What will you have to show when your lease is up? Answer: Once you turn the car in, you have nothing to show for your money. Contrary to what many people think, leasing is actually the least efficient way to purchase something.
That leaves paying cash. If leasing is a bad idea, and if borrowing costs you all that interest, isn’t paying cash the least expensive way to finance a car—or any other big ticket item? After all, there’s zero interest expense … right?
Again, you’ve got to look at the big picture. How much interest will you be earning on the money you pull out of your account to pay cash for your car? None. You’ll stop earning interest the day you take the money out, and you’ll only start earning interest again very slowly as you put money back into your account. Most people never think about that. That lost interest is what economists call your opportunity cost.

You see, the reality is, you must consider the interest expense every time you buy, because either you pay interest when you finance or lease, or you lose the interest and investment income you could have had if you’d kept your money invested instead.

A Better Way to Make Major Purchases
We said there’s a better way. And there is. It’s a way you can bypass banks, finance, and credit card companies altogether and become your own source of financing. The key is to have a Bank On Yourself plan.

A Bank On Yourself plan is based on a special kind of dividend-paying whole life insurance policy—coupled with little-known options that supercharge the growth of your money in the policy and make your cash value grow significantly faster than the policies most financial experts talk about.
You don’t have to die to “win” with these policies. You can borrow against your cash value to make major purchases such as a car, a dream vacation, home remodeling, business expenses, or even a college education. And as you pay back your loan, you actually recapture the money back into your plan, so you can use it again and again.

Then, when you’re ready to retire, you can use your Bank On Yourself plan as a safe, guaranteed, and predictable retirement plan alternative.

But what about the interest you stop earning when you draw on your plan to make a purchase? That’s the big difference between taking money out of a savings account and using the cash value of your Bank On Yourself plan: While you use the money in your Bank On Yourself plan, your policy continues to grow just as if you never touched a dime of it—if it’s from the right company.

Really? Is that even possible? Yes, it is. And happy Bank On Yourself policy owners are using that feature to their advantage every day of the year.
The Bank On Yourself strategy solves the problem of having to constantly interrupt the growth of your money when you spend it or invest it. As a result, you could add hundreds of thousands of dollars to your lifetime wealth, simply by changing the way you make major purchases.

Discover What Becoming Your Own Financing Source Can Do for You!
What big ticket item could you finance with a Bank On Yourself plan? A new car? … A new kitchen? … A dream vacation? … Or something entirely different?

Whatever it is, get answers to your questions, and find out how much you could increase your lifetime wealth, simply by using a Bank On Yourself plan to finance major purchases. My free, no-obligation analysis will show you how you could benefit from a plan custom-tailored to your financial goals and dreams.

To get all your questions answered, and to find out if a Bank On Yourself plan makes sense for your big ticket dreams, CLOSE THIS WINDOW and fill our easy online contact form, OR schedule an appointment with our Wealth Advisor right on our website!