Category: Lesson Essential
THE THREE TYPES OF MONEY
One of the most powerful discoveries you can make is how money works in your life. Knowing how money works in your life is more important than where your money is, and its rate of return. You may think that learning how money works would be a massive undertaking on your part, but it does… Read more
QUALIFIED PLANS: A TAX-SAVINGS EVENT?
Let’s take a look at how demographic shifts and economic trends collide with traditional thinking and planning. Everyone believes, and is told to believe, that qualified plans, such as IRAs or 401(k)s, are tax saving vehicles. If people 45 years old were to deposit $2,000 into an IRA, and they were in a 25% tax… Read more
RATES OF RETURN
Learning what is true and what is not true can be complicated. The difference between what is happening and what is not happening can also be alarming. As an example, let’s say someone invested $1,000 onetime and received an average 20% return for two years. How much would that person have at the end of… Read more
SHAPING THE FUTURE – TAXES
There is one event that a politician is fearful of: not getting elected. When it comes to taxes, they try to stay away from discussions regarding the federal income tax and the social security tax. These are hot buttons for voters. In the last couple of elections, these taxes have not increased because these taxes… Read more
“Demographic Shifts: Preparing for Your Financial Future”
SHAPING THE FUTURE DEMOGRAPHIC SHIFTS In the next 3,000 days, from the government’s own websites, we know certain demographic shifts are going to occur that will impact your financial future dramatically. Here is a partial list of events that will change your life. More Seniors Downsizing their Homes. With the ever-increasing maintenance costs, insurance premiums… Read more
