Why half of households will STILL struggle in retirement

Even with the run-up in the stock market and housing prices, half of all American households are at significant risk of not being able to maintain their current standard of living after retirement.

That’s the conclusion of a surprising new study released last week by the Center for Retirement Research at Boston College.

That’s only slightly better than the Center’s National Retirement Risk Index showed in 2010, in spite of a 45% inflation-adjusted increase in the stock market and a 6% increase in home prices since then.

In fact, the Center’s research shows the picture is even worse than in 2007, which is why the study concluded…
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Singer Karyn White Seizes the Day with Bank On Yourself

I just recorded an inspiring interview with Grammy-nominated contemporary/pop and rhythm and blues recording star – and Bank On Yourself client – Karyn White.

Grammy-Nominated Singer Karyn White Seizes the Day with Bank On Yourself

Grammy-Nominated Singer Karyn White Seizes the Day with Bank On Yourself

Karyn was in her early 20’s when she became the first female artist to have her first three solo releases hit #1 on the R&B charts.  She collaborated with industry legends including Babyface and L.A. Reid, before devoting herself full-time to raising a family.

After an 18-year hiatus, and a fan base that never forgot her, Karyn decided to record again.  Only this time she decided to produce her new CD album, Carpe Diem, herself – and pocket the profits the record companies used to make off of her.

In this interview, Karyn reveals:

  • How she used her Bank On Yourself plan to finance her new CD herself (and why she probably wouldn’t have been able to do it otherwise)
  • How making the right choices about money puts you in the position of being able to take advantage of opportunities that will inevitably come your way
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Retired Navy Commander: Bank On Yourself Makes Financial Independence Easy

Retired Navy Commander, Robert Chambers shares how he achieved early retirement financial security with Bank On Yourself

Retired Navy Commander, Robert Chambers

Retired Navy Commander, Robert Chambers, first came to our attention when we invited Bank On Yourself policy owners to share their stories with us.

Commander Bob wrote, “I can’t tell you enough how this has changed my life, but also the lives of every generation to follow.”  Bob, who fully retired before he turned 50, notes that…

Retirement isn’t only about money; it’s about gaining financial independence, living a comfortable lifestyle and leaving a legacy for future generations.”

Bob also sent me a 20-page booklet he wrote titled, “Financial Independence Made Easy,” which details his insights into why the conventional wisdom about saving and investing has failed so many, and what his research and study have revealed about the best ways to achieve financial independence. [Read more…]

Corporate accountant discovers Bank On Yourself… and now smiles when the market crashes

Derek Logan is the textbook “poster boy” for someone who did all the right things we were taught to do financially.  He’s been working since he had a newspaper route at age 10.  He diligently set his goals and used a budget system.  He maxed out his 401(k) and had his home paid off by the age of 45 – even though he and his wife moved 13 times in their first 21 years of marriage.  And he paid cash for major purchases.

But he still got blindsided several times by the totally unpredictable ups and downs of the stock market.

Derek Logan with his newborn granddaughter

Derek Logan with his newborn granddaughter

As a corporate accountant for more than 30 years, Derek realized he had set – and achieved – all of the goals he set for himself… except for the goal of being able to retire at a specific age with a specific amount of money.

Disheartened and frustrated because he was closing in on his hoped-for retirement age, but his retirement account had been decimated several times, he began to do a lot of soul searching.  He was willing to be open to other alternatives.

Fortunately, my best-selling book landed on his kitchen table as a Father’s Day gift… and the rest, as they say, is history.

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AAII vs. Bank On Yourself: Total Knockout in Round One

Last week, I posted the rebuttal I wrote to the American Association of Individual Investors (AAII) review of my best-selling book, which declared the concept “too good to be true.”BOY Boxing Gloves

Since AAII said they would not publish my response or correction of the misinformation contained in their review, I told them I would publish it here and let YOU be the judge of whether AAII was twisting and omitting things… or being fair and unbiased.

The response was swift, surprising and universal.  There were so many insightful comments made that I couldn’t pick only three to award prizes to, as was my original plan.

So I picked ten (the winners are listed at the end of this post – check to see if your comment was one that was chosen).  And I’ve excerpted from a number of the comments here, so I can share some of the highlights with you.

Jeffrey summarized the thinking of many commenters about AAII this way:

AAII naturally committed the typical strategic blunders essential to the charade proposed by the investment industry (Wall Street) and financial professionals (a.k.a. traders, gamblers, speculators, etc.). Any attempt to allow people an opportunity to truly grow wealth, reduce risk, and prepare for a more stable environment challenges the status quo of buy and lose (commonly referred to as buy and hold) and then industry pundits (AAII) start the negative attacks in order to establish fear of finances and preserve their base of profits. AAII omitted important aspects of your plan, distorted facts of your plan to promote obfuscation, and blatantly twisted all aspects of your plan in order to destroy your credibility.

Thank you for presenting people with an opportunity to actually prepare, plan, and realize a better financial picture.”

[Read more…]

Bank On Yourself under the microscope

Dan Proskauer

Dan Proskauer

It was almost two years ago that Dan Proskauer – a Vice President of technology engineering for a major health care company who holds three U.S. patents – first heard of Bank On Yourself.

Dan lives below his means, has significant savings discipline, and is a sophisticated investor.  But when the financial crisis hit, Dan realized he had nothing to show for decades of saving and investing his hard-earned money and “doing all the right things” we’ve been taught to do.

He felt angry, betrayed… and willing to open his mind and find out if there was something better out there.

Dan is very analytical and has since spent literally hundreds of hours investigating Bank On Yourself.  He has already started seven Bank On Yourself-type policies because, as he puts it, “the more I look into Bank On Yourself, the better it looks.”

Dan recently contacted me and generously offered to share his findings with you.  Whether you already use Bank On Yourself, or you’ve been considering adding it to your financial plan, you’ll learn something of value from this interview. You can listen to the interview by pressing the play button below, or you can download the entire interview as an MP3 and listen on your own player or iPod…

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You can also download a transcript of the interview here.

In this fascinating interview, you’ll discover…

  • Why Dan has cut back his 401(k) contribution to what his employer matches… and why he’s considering stopping funding it altogetherBank On Yourself under a microscope
  • What he discovered were the problems with traditional college savings plans, and why he believes Bank On Yourself is a better option
  • The surprising result of Dan’s research into the rate of return of a Bank On Yourself-type policy – and why he feels the additional “intangible” benefits make it the best way to build a financial foundation in both good times and bad
  • Why Dan has seven different policies – and is getting ready to start more
  • Where Dan found the money to fund his policies
  • Why Bank On Yourself will hold its own against things people worry about – including inflation, deflation and fluctuating interest rates
  • The two downsides to Bank On Yourself that Dan found
  • Why Dan believes it’s critical to use a Bank On Yourself Authorized Advisor to set-up your policy… and how getting knowledgeable, on-going coaching and advice can result in your having far more wealth over your lifetime, while ensuring you don’t lose the tax advantages of Bank On Yourself
  • Why Dan – like hundreds of thousands of others who use the Bank On Yourself method – says the only regret hehas is that he didn’t know about this sooner
  • Dan’s advice to anyone who’s still sitting on the fence and hasn’t started yet

You can listen to the interview by pressing the play button below, or you can download the entire interview as an MP3 and listen on your own player or iPod…

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

You can also download a transcript of the interview here.

The more I look into Bank On Yourself, the better it looks.”
~Dan Proskaur

The ultimate financial security blanket

If you haven’t started to Bank On Yourself yet, it’s free and there’s no-obligation to request an Analysis and find out what your bottom line numbers and results could be if you added Bank On Yourself to your financial plan.
Request Your Analysis Button

When you request your Analysis, you’ll also get a referral to one of only 200 financial advisors in the country who have taken the rigorous training and meet the requirements to be a Bank On Yourself Authorized Advisor, like the one Dan is working with.

Request your free Analysis now, so you can have the peace of mind that comes with knowing your financial future will be one you can predict and count on!

We want your feedback! Tell us what below what YOU think of Dan’s interview below…

Bank on Yourself hits The New York Times Best Seller List!

Buy your copy today...The recently released paperback edition of Bank On Yourself: The Life-Changing Secret To Growing and Protecting Your Financial Future“ will debut at #3 on the coveted New York Times Best-Seller List on April 11.

It also hit #2 on the USA Today Money Best Seller list for the week ending March 28th.

If you don’t have a copy yet, you can get it today for only $9.95 – 38% off the retail price.

The hardcover edition was released a year ago and immediately hit the USA Today, Wall Street Journal and Business Week best seller lists.

Find out what all the buzz is about and learn more about this proven, time-tested way to grow a nest egg, so you can take back control of your money and finances today.

Martin Weiss says Bank On Yourself "is a great book"

Martin Weiss, Ph.D.

Martin Weiss, Ph.D.

Finance and investment expert and New York Times best-selling author, Martin Weiss, Ph.D., recently interviewed me. You can listen to this fast-paced and timely interview by just turning up your speakers and click here.

Dr. Weiss wrote the subscribers to his “Money and Markets” newsletter about how he had just read my book and felt it has excellent advice on “coping with low investment income in tough times.”

So, I hope you enjoy our 35-minute interview.

You can get your personal copy of my book at a 35% discount here.

Bank On Yourself receives endorsements from top experts in personal finance

My New York Times, Wall Street Journal, USA Today and Business Week best-selling book, Bank On Yourself, has been receiving some five-star endorsements from top experts in personal finance.

Check out what T. Harv Eker, #1 New York Times best-selling author of “The Millionaire Mind,” said:t-harv-eker

If you’re looking for more of the same conventional financial advice, this isn’t the book for you. But if you’re prepared to take back control of your financial life once and for all, Bank on Yourself is a ground-breaking method that can put you on the fast track to reaching your goals and dreams.”

As Harv noted, Bank On Yourself really isn’t the same old financial advice people have been getting everywhere else. And that’s a good thing, don’t you think?

Because look where that’s gotten us – we’re deep in the midst of the greatest destruction of household wealth in history, with no quick fix in sight.

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