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.
People often confuse me – Pamela Yellen – with Janet Yellen, the former chairman of the Federal Reserve.
I can understand the confusion – we share the same relatively rare last name (“Yellen”), we’re both women in finance (a male-dominated field), and we’re only six years apart in age. But that’s where the similarities end.
Janet Yellen is the former head of the Fed, while if I were nominated, my first course of action would be to abolish the Fed. I’ll tell you why in a moment…
Alas, I am not hopeful about the future of the economy with Ms. Yellen or Mr. Powell at the helm. The Fed is still printing money 24/7, forever blowing asset bubbles (and the inevitable bursts that follow), and throwing seniors and savers under the bus by keeping interest rates artificially – and dangerously – low.
Of course, if this strategy works so well, why did we experience the slowest rebound from a recession in memory (if not in history)?
There are a lot of reasons I’d abolish the Federal Reserve…
For starters, it’s not federal, nor are there any reserves. It was conceived in 1910 during a secret meeting on Jekyll Island in Georgia of seven wealthy and well-connected bankers who controlled one-fourth of the total wealth of the entire world. Its purpose was to birth a banking cartel to protect its members from competition. (A fascinating book on this topic is The Creature from Jekyll Island, by G. Edward Griffin, available here on Amazon.com.)
Scroll down to the second paragraph below the “50/50, if you’re 50” subhead to read the advice Pamela gave for investors age 50-65 who are fed up with watching their hard-earned nest-eggs shrink yet again.
What about investors over age 65?
Pamela also gave advice for investors between the ages of 66 and 85 who want to add more guarantees and predictability to their financial plan and bump up their returns without the risk of stocks and other investments.
Although there wasn’t space to include that advice in the AARP article, this is an increasingly popular option for Americans up through the age of 85.
This little-known option provides many advantages that annuities and CD’s do not have, including…
Provides guaranteed growth and a higher return
Exceptional flexibility and liquidity
Protection from estate taxes
Automatic long-term care coverage at no additional costs (in states where it’s available)
If you’re not sure where you’ll find the funds to start a plan, don’t worry. The Bank On Yourself Authorized Advisors are masters at helping their clients of any age restructure their finances to free up seed money to fund a plan that will help you reach as many of your long-term and short-term goals as possible – in the shortest time possible.
Remember – Wall Street already lost more than 45% of the typical investor’s savings TWICE in the last decade. How would it affect you if this latest stock market rout is just the beginning of another look-out-below crash?
To find out how you can add predictability and guarantees to your financial plan and have the financial security and peace of mind that you want and deserve, request your FREE Analysis now. You’ll be connected with one of only 200 financial advisors in the country who have met the rigorous training and requirements to be a Bank On Yourself Authorized Advisor.
Check out these other articles that may be of interest to you…
There have been a spate of articles in the financial media recently encouraging retirees to catch up on savings shortfalls by investing as much as 40-60% of their nest egg in the stock market.
These “experts” promote the concept as if it makes perfect sense to make up for your gambling losses by doubling your bets.
To me, it’s appalling that anyone would advise those who are already retired to gamble their life’s savings on the volatile, risk-filled world of Wall Street.
But my message – that Wall Street is unstable and potentially as explosive as nitroglycerin – is really not age specific. The stock market can (and will) blow up in your face at any age.
For most Americans – and Wall Street goes to great lengths to hide this truth – the stock market is a promise unmet.
The success myth hyped by the financial services industry is like a casino showcasing its big winners, without mentioning that the prize pool derives from the much larger pool of losers who generate huge profits for the operators, but who themselves walk away worse off than if they had stayed at home.
Money isn’t the only price that the Wall Street casino extracts from most investors
Here are short summaries of three of the most interesting and thought-provoking items that have crossed my desk this week. Enjoy… and tell us what you think!
Would you be prepared if you suffered a 30% pay cut?
A shocking new report reveals that the average person’s pay levels off when they’re in their 40’s. After that, about all you’ll be likely to count on will be cost-of-living adjustments to keep pace with inflation.
That will come as a real surprise to many people who assume their pay will continue to rise as they get older.
And if you lose your job while in your 50’s, you’re likely to remain jobless longer than when you were younger, according to the report.
Read this sobering and well documented article from the Wall Street Journal.1
What’s your best self-defense? When planning for retirement, assume the only salary increases you’ll get will be cost-of-living adjustments. And identify a worse-case scenario – such as a 20% pay cut during your final ten years in the workforce – and try living on that income and putting the rest into savings.
A typical pre-retiree taking withdrawals the way most people actually do would only be able to take $260 a month.
Oh, yeah – the article didn’t even mention you gotta pay the taxes you deferred all those years on that money!
How much do you think is going to be left for food, housing, utilities, car expenses, medical expenses not covered by Medicare, etc.? You’ll be lucky if you can scrape by at all, let alone enjoy even the smallest of life’s luxuries.
A core tenet of the Bank on Yourself Nation is that money should always bring pleasure or satisfaction, never regret or guilt.
For so many people, that principle seems unrealistic, especially considering how very hard it is most months just to stay afloat – paying for necessities such as groceries, medicines, utilities, transportation, insurance and the like. Oh yes, let’s not forget the always hungry tax monster!
Seems to so many of us that our paychecks are swallowed whole by our obligations before we ever get the chance to even sample the flavor of having some accumulated cash in our pockets and bank accounts.
Here are summaries of four of the most interesting and thought-provoking items that have crossed my desk this week…
Is a “look out below” stock market crash looming?
By some key measures it is – corporate profits have only commanded as large a share of national income twice before – in 1929 and 2006, and those years preceded the past century’s two worst financial collapses.
Executive Summary: Goal setting is a vital life skill that can be practiced year-round. Most people don’t succeed on their first attempt. Ironically, each setback increases the probability that the next try will come closer to the mark, if not directly hit the bulls-eye.
There are five basic tools that all goal setters should equip themselves with to increase their odds of success: Passion, Persistence, Planning, People and Positivity.
If you are one of the millions of lapsed goal setters, today is the perfect time to reboot. Whether it’s cold and blustery outside or the trees are blooming and a warm breeze is blowing, the process of setting and reaching goals should be a year-round, all-weather, life skill. No champagne required.
In fact, goal setting is one of life’s most important skills, given that very, very few of us are handed exactly what we want without ever having to ask and work for it.