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Missed Fortune – Don’t Be a Victim of Statistics, Learn to Be Financially Independent

Posted on | March 13, 2011

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A Statistic that Hasn’t Changed

A recent study predicts that 50% of baby boomers will outlive their money. They’ll run out of savings and need to rely on social security, charity, welfare & their own children for support.

In the 1970′s, the bureau of labor and statistics said out of every 100 males born in America by age 65 that 36 would be dead. It also said 54 percent would be dead broke.

A mere 5% would still have an income.

That statistic hasn’t changed in the last 40 years. Only 5 percent of Americans are financially independent by their golden years.

Americans who put their money into 401(k)’s or IRA’s saw the value of those accounts drop on average by 31 percent.

If you lose half the value of your retirement nest egg it takes 10 years or more to regain that value.

Putting it in the market at risk isn’t the answer.

Folks who followed my advice didn’t lose ground in 2008 and have double or nearly triple what they had 10 years ago.

If your retirement nest egg isn’t worth double what it was 5 or 10 years ago, it’s time to change your game plan.

People don’t know about the time value of money or the 3 miracles that I teach. They don’t understand the miracle of compound interest.

They don’t know how to accumulate a tax-free retirement.

People miss out on fortunes because they don’t know what they don’t know. That’s why I teach the 31 FLAVORS of Lost Fortunes Fortunes Lost Amid Valid Optimization and Reallocation Strategies.

People choose the wrong investment. People waiting for their tax refund see it as a form of forced savings. When they do get the refund, they spend it rather than saving it.

You can change your withholding on your paycheck and have that money come to you monthly, as opposed to letting government keep your money at zero interest.

If you set up a system like I show you, a couple thousand dollars a year could accumulate an extra quarter or half a million dollars in your retirement nest egg.

Stimulate the Economy by Taking Ownership

It’s amusing when government leaders talk about cutting $100 million from a $3.5 trillion budget. But look what happens when we do the math.

Let’s say you spend $2000 a month on groceries, medicine, utilities, etc. Cutting your spending at the same ratio that the government is cutting its spending, you’d reduce your budget by a total of 6 cents.

$6 billion in cuts would equal 36 cents. $60 billion would be 36 dollars.

Why doesn’t government get it?

We don’t have a revenue problem in this country we have a spending problem and taxes will be going up.

If you put money in 401(k)’s and IRA’s today thinking tax rates are going to be lower, you’re in for a rude awakening. That’s not the best way to save for retirement.

Qualified plan distributions when you’re seventy and a half or taking minimum distributions are costing you 2 to 4 times as much in taxes.

Stimulate the economy by taking ownership in your future rather than simply rolling over and paying unnecessary taxes.

If you want to get out of debt, don’t send extra principal payments to the mortgage company,

It’s not timing the market, it’s using a system. It doesn’t matter whether the economy goes up or down.

Most people using these strategies have been averaging 8.2% tax free for the past 10 years.

The answer isn’t in buying commodities. It’s in a strategy that protects your principal so you don’t lose money you set aside.

And any money you make then becomes principal that isn’t subjected to loss.

If you keep doing what you’ve always done, you’re going to continue getting what you’ve always got.

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

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