Members and their kids keep asking me this question.
Consider two choices: 401k with matching money and Roth IRA.
If your 401k has no match, skip it. Yes, a 401k does reduce your income for tax purposes now and lets your eggs grow tax-deferred. If you invest 10% of your gross, say $3000 a year, you could have $1.2 million in 35 years. However, when you take it out, you may pay 25% or more in federal and state income tax. (We will likely pay Bush’s ‘free ride for the rich’ in the future.) Your tax rate is lower now. Pay the tax on the $3,000 now and avoid tax on the $1.2 million later. Inflation takes HALF your buying power every 25 years, so a MILLION BUCKS won’t buy what it used to. So add $10 a month every year to make up for inflation.
Matching funds from your employer is FREE money! Take it. If you receive 50% on your first 5% of salary, that’s $750 a year. Add that to your 10%--$3,000--and you may find $1.5 million in 35 years. You may have to pay $388,000 in tax on that, but at least you will have $1.2 million to enjoy for the rest of your life.
No matter what you do—401k with match or Roth IRA--success in retirement savings is just a matter of sticking with it. Put your savings and investing on automatic and your retirement income will be assured. Your employer or mutual fund trustee can debit your account monthly for the $250 and you don’t have to worry about retirement again. Our members show you how they did it. They bought “assets that grew by themselves.” They didn’t have to rely on bad investment advice. They didn’t have to write a monthly check.
Start TODAY! It takes 30 minutes. I will email you our FREE Guide: http://www.theinsidersguides.com/freeguide.html
Monday, April 28, 2008
Thursday, April 3, 2008
Never BUY Retail
Don't waste your money!
Did you know that your auto insurance premium includes coverages that you already have? Most of us are paying $574 for medical coverage, towing, death benefits we already have. Did you know your life insurance premium may include extra premium for Triple X reserves you don't need? Your annuity may be costing you an extra $600 a year, or $20,000 in your lifetime. You could be paying an extra $2,540 for mutual fund fees each year without any benefits. These extra costs add up to $500,000 over your lifetime. These are a few of the actual savings our members have experienced in 2007.
Our experts in banking, mortgage, education funding, mutual funds, securities, annuity, insurance—life, health, disability, long term care, vehicle, homeowner’s, business, lawsuit—vehicle purchase, estate legacy, wealth transfer, retirement spending show you exactly how to save $3,000 a year on the financial services you currently use, using our Internet interactive Guides on disc. You can automatically redirect the amount you used to waste to low-cost mutual funds, which can compound earnings to over $1 million over time. (See the actual returns chart at TheInsidersGuides.com/doityofi.html.)
Our Insiders explain how you can control your financial services costs and protect your family from risks using the products they use. Because of changes in the industry, you can buy where the professionals do—from the highest-rated firms with the lowest fees and commissions. Your advisors can’t offer these products because there are no retail commissions and fees. You can compound the earnings to build your own Wealth Reserve. Your Wealth Reserve can grow to $1 million or more over time. The Wealth Reserve serves as your “self-insurance” fund for your deductibles and supplemental retirement expenses, final expenses and your legacy. Every $100 invested is worth $10,000 later.
An example illustrates how we help members save money and use the savings to enhance their own financial situation, not the seller’s position.
Let’s say you bought MetLife insurance because you believe the agent and company are the best. You think, “MetLife is large and can last at least until I need them to pay the benefit.” However, is it worth paying an extra $17,970 on your level term policy? There are customer-friendly carriers, rated A+, the same as MetLife, charging $384 vs. MetLife’s $983 for the same $300,000 30-year term policy.
Investing your savings of $599 ($983-$384) in your Wealth Reserve for 30 years in a market index (average return) can provide an extra $175,000 for YOUR dreams not the seller’s. Do you get what you pay for? We think not. It is the same $300,000 benefit check to your family.
I am convinced that if most people considered the facts, they would take the money and drop their current policy or account. In this example, the other company has the same AM Best rating of financial strength. Its agents are also available by phone. The same regulator approves its rates. Thousands of policyholders receive benefits from the other company. The only difference is that the other company doesn’t have high expenses: expensive advertising, mascots and senior management.
I think that most people are missing the BIG secret of becoming wealthy—the miracle of compounding. $100 can become $10,000 in time. If all of us knew that over time, we could have a $250,000 Wealth Reserve within 15 to 20 years, we would become copious savers by age 8!! Since it is never too late to learn the “tricks of the trade” and save thousands of dollars, any person can become financially independent. By using our Insiders’ expertise, you can save on services you already own.
Our Insider’s Guides provide the names of financial products and services that are the best solutions for most working people. They explain why this is true. Then they explain where and how to buy products and services that can meet your needs. They help you buy ONLY what you need. You skip the extras that cost more but don’t help you. You buy from the best providers with the highest ratings. They also tell you which products to avoid and why they are NOT your best alternative. The Insider’s Guides cover almost all financial products and services available to you.
Buy only what you need—Never BUY retail
Did you know that your auto insurance premium includes coverages that you already have? Most of us are paying $574 for medical coverage, towing, death benefits we already have. Did you know your life insurance premium may include extra premium for Triple X reserves you don't need? Your annuity may be costing you an extra $600 a year, or $20,000 in your lifetime. You could be paying an extra $2,540 for mutual fund fees each year without any benefits. These extra costs add up to $500,000 over your lifetime. These are a few of the actual savings our members have experienced in 2007.
Our experts in banking, mortgage, education funding, mutual funds, securities, annuity, insurance—life, health, disability, long term care, vehicle, homeowner’s, business, lawsuit—vehicle purchase, estate legacy, wealth transfer, retirement spending show you exactly how to save $3,000 a year on the financial services you currently use, using our Internet interactive Guides on disc. You can automatically redirect the amount you used to waste to low-cost mutual funds, which can compound earnings to over $1 million over time. (See the actual returns chart at TheInsidersGuides.com/doityofi.html.)
Our Insiders explain how you can control your financial services costs and protect your family from risks using the products they use. Because of changes in the industry, you can buy where the professionals do—from the highest-rated firms with the lowest fees and commissions. Your advisors can’t offer these products because there are no retail commissions and fees. You can compound the earnings to build your own Wealth Reserve. Your Wealth Reserve can grow to $1 million or more over time. The Wealth Reserve serves as your “self-insurance” fund for your deductibles and supplemental retirement expenses, final expenses and your legacy. Every $100 invested is worth $10,000 later.
An example illustrates how we help members save money and use the savings to enhance their own financial situation, not the seller’s position.
Let’s say you bought MetLife insurance because you believe the agent and company are the best. You think, “MetLife is large and can last at least until I need them to pay the benefit.” However, is it worth paying an extra $17,970 on your level term policy? There are customer-friendly carriers, rated A+, the same as MetLife, charging $384 vs. MetLife’s $983 for the same $300,000 30-year term policy.
Investing your savings of $599 ($983-$384) in your Wealth Reserve for 30 years in a market index (average return) can provide an extra $175,000 for YOUR dreams not the seller’s. Do you get what you pay for? We think not. It is the same $300,000 benefit check to your family.
I am convinced that if most people considered the facts, they would take the money and drop their current policy or account. In this example, the other company has the same AM Best rating of financial strength. Its agents are also available by phone. The same regulator approves its rates. Thousands of policyholders receive benefits from the other company. The only difference is that the other company doesn’t have high expenses: expensive advertising, mascots and senior management.
I think that most people are missing the BIG secret of becoming wealthy—the miracle of compounding. $100 can become $10,000 in time. If all of us knew that over time, we could have a $250,000 Wealth Reserve within 15 to 20 years, we would become copious savers by age 8!! Since it is never too late to learn the “tricks of the trade” and save thousands of dollars, any person can become financially independent. By using our Insiders’ expertise, you can save on services you already own.
Our Insider’s Guides provide the names of financial products and services that are the best solutions for most working people. They explain why this is true. Then they explain where and how to buy products and services that can meet your needs. They help you buy ONLY what you need. You skip the extras that cost more but don’t help you. You buy from the best providers with the highest ratings. They also tell you which products to avoid and why they are NOT your best alternative. The Insider’s Guides cover almost all financial products and services available to you.
Buy only what you need—Never BUY retail
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