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 [...]
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 [...]
While the Chinese, Middle Eastern, and Indian economies achieve new levels of diversity based on productive labor, America’s economic charm seems to lie inthe misguided and misanthropic measures flowing out of the US Congress at the behest of President Obama. America is putting on heavy chains of debt, locking it in for decades and giving the [...]
“The National Association of Fixed Annuities, Milwaukee, has voiced that concern in a member alert…
“NAFA sees the proposal as “a clear attempt to take control – read collect fees - on all product recommendations,” including recommendations involving life insurance, long term care insurance, health insurance, property-casualty insurance, savings accounts and fixed annuities, NAFA officials say.”
http://www.lifeandhealthinsurancenews.com/News/2009/5/Pages/NAFA-Pans-FINRA-Draft.aspx [...]
“The National Association of Fixed Annuities, Milwaukee, has voiced that concern in a member alert.
“NAFA sees the proposal as “a clear attempt to take control – read collect fees - on all product recommendations,” including recommendations involving life insurance, long term care insurance, health insurance, property-casualty insurance, savings accounts and fixed annuities, NAFA officials say.”
http://www.lifeandhealthinsurancenews.com/News/2009/5/Pages/NAFA-Pans-FINRA-Draft.aspx [...]
A Disorganized Conspiracy…
America is prone to adopt ideas that are popularized by the advertising and indoctrination of Behemoths (big business, big unions, and big government) regardless of the intrinsic value of the idea itself. The idea that average Americans should be investing is such a disorganized conspiracy. Its premise lacks intrinsic value.
That doesn’t mean Americans [...]
The two most frequently asked questions posed to Money for Life Guides are:
“Why haven’t I heard of the Money for Life Model for Creating and Managing My Personal Economy before now?”
and…
“Why isn’t everyone using the Money for Life Model?”
However, one group of people (those who learned about this model years ago but whose thinking was trapped [...]
An article, Turmoil Spooks 529 Holders, published in the National Underwriter on 4/20/2009 By TREVOR THOMAS indicated a flight to safety by some parents and grandparents that were putting money aside in 529 Plans for the college educations of their children and grandchildren.
This is one more indicator that America is waking up to the reality that Wall Street and [...]