Personal Finance Blog for Retirement and Investment Advice

How financially secure are you? Take the 3 question test…

I often get asked by subscribers if they should sell some of their investments and put those funds in a Bank On Yourself plan.

Of course, everyone’s situation is different, and I can’t make that call for you.

But I can suggest a few questions to ask yourself, that can help guide you to a decision:

[Read more…] “How financially secure are you? Take the 3 question test…”

The Ultimate Financial Security Blanket in Both Good Times and Bad

In my book on Bank On Yourself, you’ll meet Bill Liebler, one of the many folks who shared their experiences with Bank On Yourself.  Bill gave me this update last week:

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As we’ve watched our IRA, 401(k), and stock portfolio dwindle, we are relieved we have a chunk of our net worth in our Bank On Yourself plan. It creates a place where our money is safe, the value didn’t drop, and in fact, has continued to increase every year. We really have been able to achieve peace of mind with this approach, and I strongly encourage everyone to look into it.”

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I’m getting letters and emails echoing what Bill said every day, which is why I became convinced Americans have been brainwashed into believing they must accept risk, volatility and unpredictability to grow a sizable nest-egg.

The ultimate financial security blanket in both good times and bad

Did you know that the Bank On Yourself wealth-building method has NEVER had a losing year? Used by Walt Disney and J.C. Penney, it has stood the test of time for more than 160 years.

To find out how you can grow your nest-egg safely and predictably, even when stocks real estate and other investments tumble… and how much money you could have – GUARANTEED – on the day you plan to retire, request your FREE no-obligation Analysis and Recommendations now.
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How to stay safe and sane during the financial crisis…

How are folks who use Bank On Yourself faring today, during the greatest destruction of household wealth in history?

I just heard from the Wilder family, who told me how they “stayed sane” during the market crash:

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We have had Bank On Yourself plans for about three and a half years. They were what kept us sane during the stock market crash of 2008. Everything that was not in Bank On Yourself policies lost 32%, but all of our Bank On Yourself policies grew. Our goal with it is to be free of all interest payments to lenders and to secure a retirement income stream we can count on. We have used the plans to purchase a new car and pay off our mortgage. It’s a pleasure to know our car cannot be repossessed and our home cannot be foreclosed on.”

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Find out how people of all ages, incomes and backgrounds have taken back control of their financial future in my New York Times best-selling book, The Bank On Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future.

Wall Street fails those planning to retire next year…

Have you noticed that every day it seems we get a new reminder of just how badly Wall Street has failed us?  One of the latest reminders is simply astonishing.

Do you know what a “Target Fund” is?  This increasingly popular choice for 401(k) plans is a mutual fund billed as a one-stop solution for investors saving for retirement.  You put your money in a single fund linked to the year in which you plan to retire, and the fund company does the rest.

The idea is that the company invests your nest-egg more conservatively every year, so that when you’re ready to retire, your money will be there for you.

So how well do you think that strategy worked last year, for investors who pinned their hopes on retiring next year? [Read more…] “Wall Street fails those planning to retire next year…”