Imagine this–
A successful 45 years old
A couple of children about to go off to college
The stay-at-home spouse is about to re-enter the work force even though the family doesn’t need the income
The mortgage-paid off
No auto loans, credit card debt, or home improvement loans
Several years of living expenses set aside [...]
Over the past decade or so, the fallacy that home equity should be “harvested” by means of mortgage refinancing or home equity loans and converted into equity in some other investment has been foisted upon Americans as a legitimate financial strategy.
The most common presentation of these schemes suggests that home equity should be redirected into what some advisors call ”investment grade life insurance.” Other schemes [...]
The MoneyforLife Blog will keep you posted on the progress of the almost century old Shenandoah Life Insurance Company as it emerges from receivership. What’s important to note is that this relatively small mutual insurer seems to have invested prudently and responsibly based on the support the US Congress gave to publicly held Freddie Mac and Fannie Mae.
Shenandoah Life has limited [...]
ING To Review “Strategic Options” For U.S. Ops; May Shift Annuity Book
By ALLISON BELL
Published 4/9/2009, National Underwriter
“ING Groep N.V. wants to reduce the scope of its U.S. operations ‘over time and as market conditions permit’…”
Full article à http://www.lifeandhealthinsurancenews.com/News/2009/4/Pages/ING-To-Review-Strategic-Options-For-US-Ops-May-Shift-Annuity-Book.aspx
ING is a good company with a solid base in the U.S. It is not, however, a U.S. company. [...]
Originally posted on July 24, 2008 and worth repeating…
Americans have been bamboozled into thinking that they can get rich and retire comfortably by putting their money in the hands of people whose only aim is to move money from your pocket into some Behemoth’s accounts; IRA’s, mutual funds, variable annuities, variable insurance policies, ETF’s, and on [...]
It’s March 2009.
Americans are struggling with the cost of everything from mortgages to groceries. The struggle is the outcome of three decades of misinformation about how to handle the money that flows through the lives of American individuals and families.
Your personal economy succeeds when you control the money that comes into your life.
The Behmoths on Wall Street, Behemoth banks and insurance companies, [...]
“Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.” President Barack Obama’s Inaugural Address, January 20th, 2009
Dear Mr. President,
There are among us hundreds, perhaps thousands of dedicated, intelligent, passionate people that have been diligently working for decades at “remaking America.” One group of professionals in particular has [...]
My apoligies for such a long absence.
YouBeTheBank.com is launching its new web site. Although it is fully functional, there are more than a few additional capabilities that are being developed and added daily and weekly. It’s a time and energy consuming project.
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The turmoil in every market: real estate bubbles bursting, the motgage mess, bank failures, [...]
