In 1974 the US Congress passed ERISA and began convincing Americans that saving money was a bad idea.  The law they passed convinced us that investing [aka gambling] in an IRA or 401(k) was better than putting our money into guaranteed return savings vehicles.  Americans listened.  Wall Street and the IRS rejoiced.
In 1977 a high school coach [...]

Filed under: Money, Whole Life Insurance, creating wealth, debt, financial, financial advisors, guaranteed return, investing, investments, Money, policies, saving, saving money, savings, Whole Life Insurance, whole life insurance policies | Post a comment

Bad advice like that which appears below in the excerpt from the article 15 Insurance Policies You Don’t Need by Lisa Smith on Investopedia is painful for those who truly understand the value, power, flexibility and versatility of cash value life insurance.  The article claims that life insurance on children is not desirable. 
BUNK!
Read R. Nelson Nash’s [...]

Filed under: Ethics and Morals, Money, Whole Life Insurance, banking system, cash value life insurance, conventional wisdom, coverdale ira, education plan, individual retirement account, insurance policies, safety net, saving money | 2 Comments