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Social Security Administration Giving Bad Advice

The Government Accountability Office has discovered in an overwhelming number of cases the Social Security Administration (SSA) is give out bad advice.  In other words, when you go to your Social Security office it is highly probable that you…
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Outlaw Short Selling?

The European banks are in much worse shape than their US competition.  Deutsche Bank seems to be in the worst shape and has been in the news a lot lately. The reason being argued in Europe is that the US government imposed a ban on speculation…
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Federal Deficit Goes Up Again.

The US government says it ran a $US587 billion budget deficit for the fiscal year, which was a 34% increase over last year.  Yes, with the aide of accounting gimmicks we have not had a rise in the deficit for a few years but a 34% jump in…
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The Most Important Question You Should Answer About YOUR money

There is a lot of talk and much advice from financial advisors and "certified" planners to put your money in tax deferred accounts.  The prediction behind this advice is that you will be in a lower tax bracket when you retire and access the…
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BOLI Continues to Increase

Why do Banks own life insurance or commonly referred to by the acronym BOLI (bank owned life insurance)?  According to banking rules, banks must keep a certain amount of tier one capital to protect them against failing. Tier one capital is…
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Your 401k Has Been Taxed 50% & You Didn’t Even Know It

Imagine you hear a politician proposing an immediate 50% tax on the income from your 401k? The proposal stipulated that tax has to be paid now, regardless of where you are in the retirement process. What would be your response? Once you…
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Could China Debt Really Start The Next Economic Disaster?

There are many analysts who believe the next world-wide economic disaster will begin in China. Even the BIS is also rightly concerned about spillover from China to the global economy. China is the second largest economy on the planet with a…
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All Pensions Will Have Difficulty Keeping Their Promises

Public pensions are in trouble.  The $1.9 trillion shortfall in U.S. state and local pension funds is poised to grow even more onerous. Why is there such a looming and growing problem?  Here are a few reasons why: First, for decades politicians…
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“BACK TO SCHOOL” NOT SO BRIGHT WITH 529 PLANS

This time of year there is a certain shift in the air - the smell, the feel.  It means the start of football season, and the start of another school year.  With the beginning of a school year comes a little more rigidity in our planning and…
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What IBC (Infinite Banking Concept) has done for our family

I became involved in the financial services industry in the late 1980s while working full time in the public school system as a teacher. Although I knew that whole life insurance had a cash value and that the cash value could be borrowed against,…