As I have said on many other occasions, Behemoths—big government agencies like the IRS, Fannie and Freddie, big investment firms, mutual funds, and stock insurance companies, big insurance agencies like AARP posing as advocates, big unions, big community organizations like ACORN—have misled Americans about the how-to of creating wealth and managing personal finances. This is [...]
I recently received this question from Christine:
Hi Jeffrey,
I hear those whole life policys have huge fees, what are all the fees?
Here’s my initial answer…
Great question, Christine!
Unfortunately your question implies a common misunderstanding so lets clarify that issue first. Clarifying things may be enough, but if it isn’t feel free to question or comment further.
Whole life insurance policies have [...]
Television is a great teacher. So is the internet. That’s only true, however, if you pay close attention to the advertising and not the shows that are supported by advertising. Advertising costs money. Lots of money. Businesses that can afford extensive TV and internet advertising need to be making lots of money. Advertising also tells [...]
Pundits and politicians are bemoaning the entiely predictable failure of America’s financial triplets’ [the banking, insurance and investment Behemoths] irresponsible financial behavior over the past two decades: Bear Stearns, Indymac, Lehman Brothers, AIG, Fannie and Freddie, WAMU, Morgan Stanley, other lesser knowns and others yet to come.
The pundits want to explain the situation by pointing at everthing from executive [...]