End Your Biggest Money Worries in 90 Days

The top-secret project I’ve been working on for a year is now live!

As I mentioned in my previous emails, it has the potential to completely transform your finances and end your biggest money worries in short order. It’s a culmination of ten years of research… and the result of listening to the concerns of more than 92,000 subscribers to this ezine.

I can honestly say that watching this video I’ve put together for you could end up being the single most important thing you do for your finances – bar none. And as one of my loyal subscribers and supporters, I wanted you to know about it first.

Click here to watch it now.

Here’s a few of the things you’ll discover in this video presentation: [Read more…] “End Your Biggest Money Worries in 90 Days”

Bank On Yourself Revolution hits New York Times best-seller list!

I just found out my new book, The Bank On Yourself Revolution, hit #4 on The New York Times best-seller list the first week it was released!

New York Times List

It also hit #1 on Amazon and the Barnes & Noble website.

And it hit the USA Today best-seller list.

Order your copy here today and save 27%!

New York Times List

One week after the book was released, my publisher had to rush to do a second printing, because they said the book has been flying off the retailers’ shelves.

I’m incredibly gratified by this response, as I poured my heart and soul (along with a lot of blood, sweat and tears) into this book.

If you haven’t gotten your copy of The Bank On Yourself Revolution yet – or you’d like to get additional copies for friends and relatives – why not grab yours now, before the current stock runs out?

Order The Bank On Yourself Revolution at a 27% discount right here.
[Read more…] “Bank On Yourself Revolution hits New York Times best-seller list!”

The good, bad and the ugly of the new myRA

You’ve probably been hearing about the new “myRA,” a new government-run retirement account that President Obama unveiled at his State of the Union address and plans to create with a stroke of his pen.

Its primary purpose is to offer a savings option to the 50% or so of U.S. workers who have no access to employer-sponsored retirement plans and have little saved for retirement.

The appeal is that it “guarantees a decent return with no risk of losing what you put in,” according to Obama.

Sounds okay so far, right?

I did some digging into the details to understand more about how this program will actually work… and to help you sort through the pros and cons of programs like this.

Below I’ve listed the good, the bad, and the ugly about this new program. But really, most of the bad and the ugly points apply to all government-run retirement accounts, including 401(k)’s, 403(b)’s, IRA’s, etc. So if you have one of these plans, I urge you to read this today.

The good…

[Read more…] “The good, bad and the ugly of the new myRA”

Are you putting your retirement savings in prison?

Ted Benna, "Father of the 401(k)"

Ted Benna is known as the “Father of the 401(k).” In the late ‘70’s, he worked as a consultant to business owners whose main agenda was “How can I get the biggest tax break, and give the least to my employees, legally?”

Ted Benna, "Father of the 401(k)"

Tax nerd that he was, Benna discovered an obscure part of the tax code – section 401(k). Voila! By 2012, nearly 75% of all company pension plans had disappeared!

What does Mr. Benna say about his beautiful 401(k) baby today?

If I were starting over from scratch today with what we know, I’d blow up the existing structure and start over!”1

Uh oh.

Per the US Senate Committee on Health, Education, Labor, & Pensions: “After a lifetime of hard work, many seniors will find themselves forced to choose between putting food on the table and buying their medication.” The U.S. Census Bureau says the average value of 401(k) accounts of pre-retirees between 55 and 64 is only $170,645; the average value of their IRAs is only $147,345. And half of all those close to retirement age have less than $50,000 in these plans.

Something went horribly wrong. Actually, several things went horribly wrong, not only with 401(k)’s but also their kissing cousins: IRA’s, Roth Plans, 403(b)’s, SEP-IRA’s and so on.

And the problems with these government-controlled plans are in these five key areas:
[Read more…] “Are you putting your retirement savings in prison?”

Top Five Recent Stories from Bank On Yourself

Judging by the questions we’ve been getting from subscribers, there’s a good chance you may have missed some of these 5 important recent stories…

1. New Wealth-Killing Revelations About Your 401(k) and IRA

I'm going to retire and live off my savings...

While doing research for my new book (The Bank On Yourself Revolution, due out on February 11), I came across four stunning new revelations about 401(k)s and IRAs. If you have money in one of these plans, I urge you to read this exposé to find out how to protect yourself from making costly mistakes.

I'm going to retire and live off my savings...

 2. Is Bank On Yourself “Snake Oil”?

[Read more…] “Top Five Recent Stories from Bank On Yourself”

What’s the difference between dumb money and smart money?

Have you ever heard the old Wall Street adage, “In investing, the majority is always wrong”?

Hold Buy Sell

Have you ever told yourself you’re done with the stock market forever?! But then the market starts to rise. The Wall Street jocks tell you non-stop what you’re missing out on. Your friends talk about how much their investments are going up – and you jump back in because you can’t stand the pain of watching it rise day after day without you!

Hold Buy Sell

I heard a well-respected investment analyst interviewed about why he believed the stock market rally still had legs in spite of the fact that it had recently nearly doubled.

He said, “People who missed out on the rally will jump in and propel the market higher.” Really? Have you heard that old saying…

If you’re sitting at a poker table and you can’t figure out who the sucker is, it’s you?”

The investing world has a specific technical term for that kind of investing: dumb money. When the dumb money is piling into the market, you know it’s about to reach a top. And when the dumb money is fleeing the market, a bottom isn’t very far away. Dumb money, which is a heck of a lot of investors, misses the mark on both sides.

Students of history will tell you how rare it is for a market to continue rising after such an extraordinary rally – only a handful of bull markets in S&P 500 history have gained more than 100%. And right now, with the market up about 150% from the bottom, the air is even more rarefied.

The problem is that none of us knows when the market will top out… or how deep the crash that inevitably follows will be. History reveals that the faster and higher the market goes up, the steeper the fall.

The real estate market is getting pretty frothy, too. The Case-Shiller home price index was up 12.2% in May over a year ago – the biggest year-over-year jump since near the peak of the housing bubble in 2006.

Paper wealth versus real wealth

During the last bubble that peaked in 2007, few people anticipated that both their retirement accounts and their home equity would be decimated at the same time.

That’s when it became painfully clear that the balances of our investment and retirement account statements and the appraisals of our homes were nothing more than a bunch of eye-popping numbers on paper. Those numbers repeatedly sucker many of us into believing we have real wealth and financial security when we do not.

Last week, Wall Street journalist Brett Arends noted…

Mom and Pop investors have returned to the market and have been buy stocks since the beginning of the year.  History says their timing is absolutely terrible.”

The last bubble burst just six years ago, and already many people have forgotten the pain of the Great Recession. According to the behavioral finance experts, part of the reason for this is that we humans have an amazing capacity to forget our losses and exaggerate our successes.

But the more important question is – what lasting lessons did you learn from the financial crisis?

Take this quick survey and share your biggest takeaway with us!

If you find yourself tempted to follow the “dumb money” into stocks, real estate and other volatile investments (and there’s no question that watching markets rise without you day after day can be very painful), I encourage you to keep in mind these words of George Santayana:

“Those who can't remember the past are condemned to repeat it.” - George Santayana

Take some time and reflect back on the lessons you’ve learned since 2000 before acting.

Then find out how much financial security and peace of mind you could have when you take the volatility and randomness of the market out of your financial plan. When you Bank On Yourself, your plan never goes backwards and both your principal and gains are locked in. That’s where the smart money is.

The typical investor lost 49% or more of their nest-eggs – TWICE – just since 2000. It could happen again in five or ten years… or even tomorrow. Is that a risk you really want to take again?

Request Your FREE Analysis and Find Out Your Bottom-Line Numbers!

No two Bank On Yourself policies or plans are alike – yours would be custom tailored to help you reach as many of your short-term and long-term goals as possible. There’s no obligation and no one is going to twist your arm. So take the first step and request your FREE Analysis now, while it’s fresh on your mind!
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FREE ANALYSIS!

How will these 3 financial surprises affect you?

There have been three recent surprising revelations I urge you to pay close attention to, if you have any money invested in the stock market and/or you have an IRA, 401(k) or other government qualified retirement plan…

1. The ugly truth about the stock market’s new record highs

Take a look at the chart below which reveals how, when measured in real purchasing-power terms, the S&P 500 Index is nowhere near its March 2000 high. In fact, the index would have to increase by another 32% today, just to get you even (in real dollars) with where you were more than 13 years ago:
Your Retirement Plan Powered by Wall Street-Fast Graph
Even if you look at the total return of the S&P 500 (including reinvested dividends), the real (inflation-adjusted) purchasing power of your investment remains negative after 13 years. And this assumes you have no fees, commissions or taxes, which, of course, will take another big bite out of your savings.

2. Long-term investors received only HALF the return of the S&P 500 [Read more…] “How will these 3 financial surprises affect you?”

Stock market hits 5 year high – what they’re not telling you

As the bull market that began in March, 2009 picks up steam, the Wall Street stock jocks are urging individual investors to jump back into the market with both feet. They boast that the S&P 500 has hit a 5-year high and is closing in on a new all-time high. But – somehow – they all forget to mention one pretty important fact: It also ended the year 3% lower than where it was 13 years ago at the end of 1999.

This chart tells the rest of the story you’re not hearing…

 

Your Retirement Plan Powered by Wall Street-Fast Graph
You’ll notice inflation was 36% over the past 13 years, which took an enormous bite out of the purchasing power of your savings.

Some readers may be wondering why I didn’t include the value of the dividends earned by the S&P 500 companies in the chart. So let’s do that now. The total return of the S&P 500 (including dividends) for the past 13 years was 22%, which is an average return of about 1.7% per year – and still lags inflation.

Don’t forget the fees and taxes…

[Read more…] “Stock market hits 5 year high – what they’re not telling you”

Bank On Yourself: The Ultimate Wealth-Building Strategy Video

Do you know what your retirement account will be worth on the day you plan to tap into it? If you’re like most people, you don’t have a clue. Well, here’s a reality check – that’s not a plan; it’s gambling.

Because people have blindly followed the conventional wisdom about investing and retirement planning advice, most baby boomers have been forced to postpone retirement an average of five years…and nearly half aren’t expected to have enough money in retirement to cover even basic living expenses, like food and medical care.1

At Bank On Yourself, we believe the decision of whether and when to retire – or not – should be a matter of choice, not necessity. If that makes sense to you, we urge you to watch this fast-paced video revealing seven reasons to consider using the Bank On Yourself method as a safe and proven alternative to traditional retirement plans.

Click the play button in the video below and see how many of these seven advantages you’d like to have in your financial plan…

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Bank On Yourself gives you guarantees, predictability, control, tax advantages and peace of mind missing from traditional financial planning

Want to find out how much money you could have – guaranteed – in 10 years, 30 years, and at any point along the way if you added Bank On Yourself to your financial plan?

It’s easy to find out! Just request your FREE, no-obligation Analysis that will show you how a custom-tailored plan can help you reach your short-term and long-term goals and dreams in the shortest time possible.
REQUEST YOUR
FREE ANALYSIS!

1. Center for Retirement Research at Boston College, March 2012 Report