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A Savings Vehicle That Makes All the Difference

Missed Fortune – Good, Better or Best: Which Would You Choose?

Posted on | January 20, 2013

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Build Your Immunity to Economic Volatility

Peace of mind is a rare thing these days. This is particularly the case when it comes to the economy. Too many Americans feel isolated, confused, and powerless to chart the course to abundance that they would like to attain.

They see the continuing economic volatility that keeps the market going up and down continuously. They worry about how inflation is affecting their saving for the future. And they stress over whether these two factors combined with the likelihood of higher taxes will cause them to outlive the money they’ve saved for retirement.

These worries are not a figment of their imaginations. They are very real, and becoming educated is the best remedy to provide peace of mind while building immunity from higher taxes, inflation and market uncertainty.

When you’re armed with the proper strategies to counter these threats to your financial future, you become empowered to take charge of your future. When you eliminate these dangers, you no longer have to worry about outliving your money. You can face the future with confidence and a real sense of abundance.

But none of this will happen if you choose to keep doing things the way you’ve always done them.

For instance, keeping your retirement money in tax-deferred vehicles like an IRA or 401(k) means you’ll still be subject to the impact of higher taxes, rising inflation, and market fluctuations. Continuing to follow the crowd is a certain recipe for the opportunity to experience a future rude awakening.

A lot of people will be kicking themselves when they realize that there is no safety in numbers when it comes to taking charge of your future. You don’t have to be among them if you’ve taken the time to become informed.

Why Settle For Good When You Could Have Better?

IRAs and 401(k)s are the preferred method of saving for the future for a vast majority of Americans. They are considered a good method of accumulating a retirement nest egg, but what if a better way was available?

The great motivational speaker Zig Ziegler used to speak of the difference between a $10,000 racehorse and a $1 million racehorse. He’d ask his audience if the million-dollar horse was a hundred times faster than the $10,000 horse. The answer, of course, was “no.” The million dollar horse was often only a fraction of a second faster, a nose length faster than its $10,000 counterpart.

The point here is that it doesn’t really matter whether you begin with $1 billion or $10,000, it’s what you end up with that really counts. It’s what you do with the gifts that you are given that make the difference. To put it another way: only by taking ownership can you expect to achieve a brighter future. Following the crowd or being carried by the current simply won’t cut it.

The only thing that keeps most people from being able to take ownership and to transform themselves from a $10,000 racehorse into a million dollar racehorse is that they don’t know what they don’t know. Truth be told, most financial advisors don’t understand this either.

The ways to save for your future are not in tax-deferred accounts. By saving for your future in a tax-free vehicle you are immunized from the effects of rising taxes. When you implement the proper strategies that tie your returns to those things that inflate, rising inflation will actually help you rather than harm you.

When you understand how to harness the miracle of compounding interest in a tax-free vehicle, you’ll be using the same principles that the ultra-wealthy people of the world have understood for generations.

When you’ve learned how to own or control assets with very little of your money actually tied up in those assets, you’ll possess yet another strategy that empowers you to reach your brighter future.

These are just a few of the Missed Fortune strategies that can show you what you need to know to face the future with confidence and direction.

Get started today by visiting with a Missed Fortune advisor.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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