Are “Termites” Destroying Your Financial Foundation?

Chomp… Chomp… Chomp…

That’s the sound of termites destroying your financial foundation.

But most people aren’t aware it’s happening. And it’s claiming more victims than you might think.

Of course, you’re aware of how inflation is eating away at the value of your dollars. You feel it at the grocery store, the gas station, when you pay rent, and just about everywhere you look.

But, if, like many Americans, you own a term insurance policy, personally or through your workplace, it might not even be worth the paper it’s printed on when you need it.

Inflation has been running at a 40-year high, currently around 9% per year. But let’s say the Federal Reserve gets it right and brings inflation down to 4% annually in the next few years.

Imagine that you have a $500,000 20-year term policy. In the event of your death, the benefit your loved ones would receive will lose up to 56% of its purchasing power.

But what if inflation remains stubbornly high? If it averages 8% per year, the benefit your loved ones would receive will lose a whopping 80% of its purchasing power!

Term insurance is the most commonly owned type of life insurance, even though studies show that most term policies never pay out a claim. Term Insurance is designed to terminate before you do. The only reason they’re relatively inexpensive is that statistically, the insurance company knows you have very little chance of dying while the policy is in force.

How to Termite-Proof Your Life Insurance Program

Did you know there is a type of life insurance policy that protects you from the ravages of inflation in (at least) 3 ways? It’s high cash-value dividend-paying whole life insurance, commonly known as Bank On Yourself-type policies. Here’s how that protection works:

Inflation Protection Advantage #1: Your Premium Is Guaranteed Never to Increase for As Long As You Have the Policy

There are never any increases in premium because you’re older or you get sick. And no matter how high inflation gets, you’re paying the same premium with ever cheaper dollars.

When you take out a term insurance policy (typically for 5, 10, or 20 years), your premium will increase every time you renew it. The older you are, and the more health problems you have, the more astronomical those premiums will be.

Inflation Protection Advantage #2: Your Death Benefit Can Keep Growing and Growing and Growing…

Most financial reps only know about whole life policies where the death benefit stays level. But with a dividend-paying whole life policy, dividends can be left in the policy to purchase additional coverage, known as “paid-up additions.” They are called “paid up” because you pay for them just one time – in this case, with the policy dividend you were credited.

These paid-up additions boost your death benefit, and the death benefits of the policies my family owns have kept up with inflation – something a term life insurance policy will never do. See the proof here.

Inflation Protection Advantage #3: Bank On Yourself-Type Dividend-Paying Whole Life Policies Are Designed so the Growth of Your Cash Value Is Both Guaranteed and Exponential

And that’s guaranteed to happen every year, whether dividends are paid to policy owners or not. Dividends are not guaranteed, however, the Bank On Yourself Professionals use companies that have paid dividends every single year for at least the past 100 years, including during the Great Depression and the Great Recession.

In addition, the insurance companies recommended by the Bank On Yourself Professionals have much of their assets in long-term investment grade fixed income assets like corporate bonds. When the Fed drives up interest rates to curb inflation, bond interest rates typically increase. This can increase dividends to policyholders as well, and it’s precisely what has happened during high inflation periods in the past.

Of course, term insurance policies provide none of these benefits.

Here Are Four More Ways the Bank On Yourself Strategy Is the Swiss Army Knife of Financial Planning Strategies:

Benefit #1: Vacations are for people, not your retirement savings. A Bank On Yourself plan doesn’t skip a beat when the stock or real estate markets crash. This strategy has a 160-year-plus track record of guaranteed, predictable growth – with no luck, skill, or guesswork required. And your policy is guaranteed to grow by a larger dollar amount every single year.

Want to termite-proof your life insurance program and find out what your guaranteed bottom-line numbers and results could be if you added the Bank On Yourself strategy to your financial plan? Just request your free, no-obligation Analysis now.

Request Your Free Personal Finance Analysis

Benefit #2: Adding Bank On Yourself to your financial plan lets you fire greedy bankers and finance companies and become your own source of financing, gaining access to money whenever and for whatever you wantno questions asked.

Benefit #3: You don’t have to liquidate your retirement savings or any other asset to get your hands on money for emergencies or opportunities. Plus, you can use that money, and your plan can continue growing as though you never touched a dime of it (if your plan is from one of a handful of companies that offer this feature).

Benefit #4: The Bank On Yourself strategy is an unbeatable place for money you need to keep safe and liquid and for money that you can’t afford to lose, whether that be money you’re saving for retirement or a college education. Your growth is guaranteed and beats savings, money market accounts, and CDs by a country mile. Having money safe and liquid doesn’t take away your options – it only gives you more flexibility and control.

Find Out Today How the Bank On Yourself Safe Wealth-Building Strategy Gives You an Unbeatable Combination of Advantages and Guarantees

It’s easy to find out what your guaranteed, bottom-line results could be if you added Bank On Yourself to your financial plan. Just request your free Analysis here now. You’ll get a referral to a Bank On Yourself Professional with advanced training on safe wealth-building strategies who can answer all your questions.

Take the next step towards financial peace of mind today by clicking this button:

Request Your Free Personal Finance Analysis

Shaky Economy Stressing You Out? Here’s What to Do…

Feeling like a deer in the headlights right now? You’re not alone! Soaring inflation, stock market crashing, a pandemic that just won’t go away – and the only light at the end of the tunnel looks like the oncoming train of recession! We’re all getting squeezed from both ends…

It’s costing you 60% more than last year to fill up your gas tank.

Last month, you thought about buying a new home. This month mortgage rates have priced you totally out of the market.

Global supply chain glitches mean that things you bought all the time are almost impossible to find. (Seriously, a sriracha hot sauce shortage?!?)

Your low-interest charge cards are projected to average 20% in a couple of months – and the high-interest rate ones will be off the charts.

A few months ago, you were sitting on your big, juicy 401(k) or IRA and thinking of early retirement. Now, you’re praying they’ll let you keep your job when you’re 82.

Not long ago, you looked at your retirement account balance and felt euphoric. A humongous asteroid could be heading toward earth and the market would still go up! I can relate. [Read more…] “Shaky Economy Stressing You Out? Here’s What to Do…”

How to Shield Yourself from Market Volatility, Inflation and Interest Rate Woes

Stock market volatility has returned with a vengeance, as this chart of the Dow over the last 3 months starkly illustrates.

We’re facing a whirlwind of economic challenges we have little or no control over. Here are the top 5 currently contributing to the volatility:

Challenge #1: Inflation has hit a 40-year high

That’s hammering consumers, wiping out pay raises, and reinforcing the Federal Reserve’s decision to rip off the band-aid and raise borrowing rates multiple times this year alone, which some economists fear will trigger a recession.

Challenge #2: The pandemic and rock bottom interest rates pushed home prices up at a head-spinning rate

[Read more…] “How to Shield Yourself from Market Volatility, Inflation and Interest Rate Woes”

7 Ways to Catch Up if You’re Late on Retirement Savings

Experts like Fidelity Investments recommend you save at least 10 times your salary by your 67th birthday if you want to have a comfortable retirement. Supplemented with Social Security, this may be enough to cover your expenses through an average life expectancy.

Those numbers account for increasing income and compound interest as you age. An on-time retirement savings looks like this:

  • 1x your salary saved by age 30
  • 3x your salary saved by age 40
  • 6x your salary saved by age 60
  • 10x your salary saved by age 67

If you’re on track, fantastic. If you’re late, you have some catching up to do.  If you haven’t set up a personal budget, make that the first thing you do. Once that’s in order, you’ll be able to implement the strategies below to get ready for your golden years…

1. Adjust Your Retirement Age

[Read more…] “7 Ways to Catch Up if You’re Late on Retirement Savings”

How to Avoid Depleting Your Retirement Nest Egg

The #1 retirement fear of Americans is running out of money. AARP reports that 50% of Americans share that fear.

And with good reason, because the average 65-year-old (the average retirement age in the US is 61) will outlive his or her savings by almost a decade, according to the World Economic Forum. Unfortunately, many will be forced to choose between putting food on the table or paying for life-saving medicine and may end up being dependent on their children.

We spend our working years hustling to build up our retirement nest egg. We assume that when we retire, we’ll supplement Social Security by withdrawing some of the principal. But no one can give us surefire guidance on how much we can safely take from our nest egg each year. In fact, William Sharpe, winner of the 1990 Nobel Prize in Economic Sciences, said retirement income planning is “the hardest and nastiest problem in finance.”

How long will your money last in retirement?

[Read more…] “How to Avoid Depleting Your Retirement Nest Egg”

Retirement Plan Unpredictability is a Major Wealth Killer

I have written at length about my research into the wealth-killing traps of 401(k)s, IRAs, 403(b)s, and Roth plans… and how to avoid them.

In this post, I’m going to talk about the trap of retirement plan unpredictability, and I’ll start by asking you a critical question:

Do you know what the value of your retirement account(s) will be on the day you plan to tap into them… and in 20 or 30 years?

If your answer to that question is “no,” then you don’t have a plan – you’re gambling.

Yet isn’t the money you’ve earmarked for retirement money you can’t afford to lose? On top of all of life’s stresses, do you really want to have to worry about when the next market crash could wipe out 50% or more of your life’s savings – as has happened twice just since the year 2000?

Market Volatility Has Proven to be a Cause of Health Problems and Even Early Death

[Read more…] “Retirement Plan Unpredictability is a Major Wealth Killer”

Tax Deferral is a Scam and Here’s Proof

Tax deferral is a con, and I’m going to prove it to you.

Actually, I’m going to let you prove it to yourself, with this 5-second experiment.

The conventional wisdom says, “Maximize your contributions to tax-deferred plans, like 401(k)s, IRAs and 403(b)s. Your money compounds without being reduced by taxes, and you’ll end up with more money during retirement.”

But is it really true?

The Society of Actuaries says that if the tax rates are the same, “It doesn’t make any difference whether [the taxes] are taken away from you at the beginning (tax-exempt) or at the end (tax-deferred). It’s the same fraction of your money that is left to you.”

But most people look at their savings and think it’s all theirs. You may have forgotten you’ll owe the IRS the taxes you deferred all those years – on every penny you’ve put in and every penny of growth.

If the tax rates miraculously manage to be lower during your retirement, you might come out ahead by deferring your taxes. But where do you think tax rates are headed long term? You must consider what tax rates might be during a retirement that could last 30+ years. [Read more…] “Tax Deferral is a Scam and Here’s Proof”

When Does Taxation Become Theft?

In his first 100 days in office, President Biden unveiled three colossal spending packages earning him the nickname, “The Six Trillion Dollar Man.”

Biden and Congress are just getting started with the most massive expansion of government since FDR’s New Deal during the Great Depression. Apparently, it’s desperately needed, even though the pandemic-caused recession is over.

This is a government that is notorious for wasting hundreds of billions of our hard-earned dollars every year. Think $518,000 to study how cocaine affects the mating habits of Japanese quails, $998,798 to ship two 19-cent washers from one state to another… and the list goes on. You couldn’t make this stuff up if you tried!

And let’s not forget this is a government with a long history of not being able to make much of a dent in controlling fraud and abuse. The government admits that more than $134 billion of improper Medicare and Medicaid payments were made in 2020 alone – and that’s just one government agency. [Read more…] “When Does Taxation Become Theft?”

6 Ways to Protect Yourself from Taxmageddon

Updated March, 2022

Our national debt now exceeds the size of the entire U.S. economy, doubling just in the last decade. And it’s growing at a rate that will make your head spin, as a quick glance at the U.S. Debt Clock reveals:


The Congressional Budget Office (CBO) says this deserves attention because…

Americans will be paying for this for decades.”

Which Means that Higher Taxes are Inevitable and You Must Take Action TODAY to Protect Yourself from the Coming Tax Tsunami!

And the reality is that they can’t possibly raise enough revenue taxing just the “wealthy.”

Did you know that, according to the most recent data available, if you make $69,007 or more, you’re in the top 25% of wage earners? And if you make $118,400 or more, you’re in the top 10%.

As nice as it may sound to be in the top 10% or even the top 25%, it also means you’ve got a giant target on your back when the government is looking for more revenue to cover its obligations.

There are little-known, but legal ways to protect yourself from this tax tsunami, under current tax law. This article explains what you need to do today to shield yourself from some very unpleasant tax surprises down the road.

(Download a FREE Special Report that Reveals How to Bypass Banks and Wall Street, Gain Control of Your Money and Shield Yourself from the Coming Tax Tsunami) [Read more…] “6 Ways to Protect Yourself from Taxmageddon”

How to Trade In Your 401(k) for an Increasing Guaranteed Income for Life

Jason is 53 years old and just changed jobs. He’s facing two retirement planning dilemmas…

  1. He has $830,000 in his 401(k) from his previous job and wants to move it where it gives him more guarantees that he and his wife, Julie, won’t outlive their money in retirement.
  2. He had been putting $19,000 a year into his old 401(k) and wants to continue socking away that much. But in the last couple of years he experienced several downsides to 401(k)s that have soured him on the idea of continuing down that path.

The Five 401(k) Drawbacks Jason Discovered…

Drawback #1: When the pandemic hit, Jason’s employer stopped doing any matching contributions, which had been a big incentive for him. He’d forgotten the employer match isn’t guaranteed.

Drawback #2: As Jason gets closer to retiring, he has much less of an appetite for risk and volatility. What if the market crashes again shortly before he plans to retire in 14 years at age 67?

He’d been saving diligently in a 401(k) for 29 years already, and his average annual return had been less than 6%! Sheesh! All those sleepless nights and heart-stopping crashes… for less than 6% a year?!? He wondered if a monkey throwing darts couldn’t have done better than that… [Read more…] “How to Trade In Your 401(k) for an Increasing Guaranteed Income for Life”