Keeping Your Money is a Good Thing

“Stimulus Checks Sent to Dead, Incarcerated.” That was a title of an article printed in the Wall Street Journal on October 7^th. Our government sent 55,000 checks to people who were no longer living and 17,000 checks to people who are in prison.  I’m going to go out on a limb and say that you and I do a better job of managing our money than the Federal Government does at managing our money. Wouldn’t it be nice if there was an investment vehicle that would allow us to save money; gain tax free interest so that Uncle Sam keeps his hands out of our gains; and allows us to access our money at anytime without penalty? There is!

First, what are the wealthy doing with their money? Where are they investing it?  What if I told you they are investing it in life insurance? Mark Maremon and Leslie Scism reported in an October 3^rd Wall Street Journal Article that the top 10% of income earners in America own 51% of the tax free investment gains in life insurance.

You’ve been told that life insurance is a bad investment tool.  Financial advisor Pamela Yellen, author of “Bank on Yourself” is offering $100,000 to anyone who can find a better investment plan. The policy that I use for myself and clients is known as a participating whole life policy that is written with a non-direct recognition life insurance company.  Its life insurance on steroids and in my opinion it should be the backbone for anyone’s financial portfolio that yearns for financial independence. Why is it important to invest with a non-direct recognition insurance company? Would you like to be able to recapture all the money that you put towards major purchaces such as car payments, home improvements or vacations? A policy written with a non-direct recognition company allows you to do just that.  Contact me to learn more.

Shift to Wealthier Clientele

http://online.wsj.com/article/SB10001424052748703435104575421411449555240.html?KEYWORDS=shift+to+wealthier

Stimulus Checks Sent to Dead

http://online.wsj.com/article/SB10001424052748704696304575538483156036168.html?KEYWORDS=Stimulus+checks+sent+to+dead