Tuesday, August 23, 2011
A Country That Depreciates Its Currency Is One That Is Destined To Destroy It's Middle Class
Listen and learn. America needs to wake up to the truth about what's happening with our money and economy. There is no other political leader that can speak with as much authority on the economy and monetary policy as Dr. Ron Paul
"A country that depreciates its currency is one that is destined to destroy it's middle class."
-Dr. Ron Paul, candidate for president in 2012
Friday, August 12, 2011
Diversification is for Idiots
Diversification is for idiots. Don't take it from me. Take it from a successful investor and businessman, Mark Cuban. He says the best thing to do is put your money in cash. He believes "buy and hold is a crock of $%#!" and diversification is for idiots.
Does he know about Bank on Yourself?
He never mentions it but all the same principles of safety and liquidity he cherishes are available by holding cash in a Bank on Yourself policy, not to mention the numerous other benefits only available from a personalized Bank on Yourself policy. The Bank on Yourself policy is the most secure place for cash to reside. Like Mark said, investing your cash is foolish. The game is stacked against you. If you're in the stock market and you don't know who the fool is, IT'S YOU! "Unless you know something specific, put it in cash. You can't diversify enough to know what you're doing."
This is where Bank on Yourself comes in. A Bank on Yourself policy is the only place where your cash is guaranteed to increase in value by contract every year for the rest of your life and it'll do so with favorable tax treatment and numerous other benefits!
You know I highly doubt Mark keeps his cash under the mattress. He likely has it spread over numerous bank accounts but the best warehouse for cash is not a highly leveraged, government backed bank account earning next to nothing. The best place for cash to reside is with a mutual life insurance company that is 100% solvent and has never required FDIC guarantees because the entire life insurance industry is regulated by the government to have more capital reserves than liabilities AT ALL TIMES!
This means unlike the banking industry, the life insurance industry is completely self-reliant and abides by the principle of personal responsibility which of course is a very American characteristic. No government bailouts required for 100% solvent life insurance companies.
For more information on how to save your cash and avoid being someone who Mark refers to as an idiot, get in touch with me so you can start sleeping like a baby, too. And remember, the highest form of ignorance is to reject something you know nothing about. I look forward to hearing from you.
This is where Bank on Yourself comes in. A Bank on Yourself policy is the only place where your cash is guaranteed to increase in value by contract every year for the rest of your life and it'll do so with favorable tax treatment and numerous other benefits!
You know I highly doubt Mark keeps his cash under the mattress. He likely has it spread over numerous bank accounts but the best warehouse for cash is not a highly leveraged, government backed bank account earning next to nothing. The best place for cash to reside is with a mutual life insurance company that is 100% solvent and has never required FDIC guarantees because the entire life insurance industry is regulated by the government to have more capital reserves than liabilities AT ALL TIMES!
This means unlike the banking industry, the life insurance industry is completely self-reliant and abides by the principle of personal responsibility which of course is a very American characteristic. No government bailouts required for 100% solvent life insurance companies.
For more information on how to save your cash and avoid being someone who Mark refers to as an idiot, get in touch with me so you can start sleeping like a baby, too. And remember, the highest form of ignorance is to reject something you know nothing about. I look forward to hearing from you.
JLM Wealth Strategies, Inc.
john@JLMws.com
(925) 386-6639 Office
Authorized Advisor-Bank on Yourself®
CA Life#0C42222
DRE #01390017
NMLS #342818
Tuesday, August 9, 2011
Question: What's The Difference Between Monopoly Money and Fiat Currency?
Answer: At least people know Monopoly money is worthless.
Monday, August 8, 2011
The Great Wall Street Retirement Scam by Rick Beuter
John A. Montoya
JLM Wealth Strategies, Inc.
(925) 386-6639 Office
Authorized Advisor-Bank on Yourself®
CA Life#0C42222
DRE #01390017
NMLS #342818
Watch the new video at www.CashValueBanking.com!
Gerald Celente on the Economy-August 2011
If you haven't heard of Gerald Celente, pay close attention. He calls it as he sees it and unlike the Federal Reserve, he's usually right.
Sunday, August 7, 2011
Thursday, August 4, 2011
How would you like to take distributions from your IRA & be guaranteed to leave more money to your spouse or beneficiaries regardless of interest rate and stock market fluctuations?
To find out how, get in touch with me.
To find out how, get in touch with me.
JLM Wealth Strategies, Inc.
john@JLMws.com
(925) 386-6639 Office
Authorized Advisor-Bank on Yourself®
CA Life#0C42222
DRE #01390017
NMLS #342818
The Dow Jones Lost 512 Points Today!
It was a rout today on Wall Street. The Dow Jones index lost over 500 points! Thankfully, my Bank on Yourself clients lost nothing. What about you?
John A. Montoya
JLM Wealth Strategies, Inc.
(925) 386-6639 Office
Authorized Advisor-Bank on Yourself®
CA Life#0C42222
DRE #01390017
NMLS #342818
Watch the new video at www.CashValueBanking.com!
Tuesday, August 2, 2011
Google "401k Nationalization" and "Guaranteed Retirement Accounts"
Thank you for coming across my article. I encourage you to do your own research. I have posted links to articles and videos below but there is no substitute for your own unbiased research.
If you're like most people you have been re-thinking your 401k for a few years. Fortunately, there is one option that has existed for over 150 years and it continues to execute as planned ensuring the safety of money for current and future generations of savers.
I’m not an advocate of 401k plans because, in my opinion, ultimately the tax deduction now isn’t worth the risks entailed in these retirement vehicles. The risks being:
-Risk of stock market loss
-Risk of future taxes being at higher levels (not to mention the certainty of those taxes)
-Lack of liquidity
The other aspect is the risk of confiscation of those retirement funds by the government. This may seem an off the wall concern but our government has had academics studying such a strategy for a few years now. What the government creates and controls, they have the ability to take without asking. Do a quick google search for “guaranteed retirement accounts” and “401 nationalization”. The govt has been cooking up ideas to go after the money in 401ks for a couple of years and the threat is getting more serious as time goes by and our economy and debt situation gets worse. What we will eventually be told is that this money will be converted to treasuries in order to protect us from stock market losses and provide us with income for life which 401ks cannot do. I can share with you two events that are going to take place likely in the next ten years that will derail all 401k and IRA plans and make such a proposed plan to nationalize 401k’s a reality. Ask me when we talk or remind to write about it later.
The last thing any investor will want is their money tied up in one of these plans. And if you think our govt wouldn’t go after our retirement accounts, you’ll be shocked to learn they’re already doing it. Not sure if you caught it in May, but the treasury has already tapped into federal pension retirement accounts: http://www.msnbc.msn.com/id/43046428/ns/business-stocks_and_economy/t/us-dips-pension-funds-debt-limit-hit/#.Tjh8tWG3Lts. For a more in-depth discussion regarding why your 401k/IRA will be raided, I recommend also reading this article.
The last thing any investor will want is their money tied up in one of these plans. And if you think our govt wouldn’t go after our retirement accounts, you’ll be shocked to learn they’re already doing it. Not sure if you caught it in May, but the treasury has already tapped into federal pension retirement accounts: http://www.msnbc.msn.com/id/43046428/ns/business-stocks_and_economy/t/us-dips-pension-funds-debt-limit-hit/#.Tjh8tWG3Lts. For a more in-depth discussion regarding why your 401k/IRA will be raided, I recommend also reading this article.
If you have time, you might like to listen to this. Mark Levin has a radio program from 3-7 on KSFO here in the Bay Area. This interview is with Dr. Ghilarducci who is working on the above mentioned plans. She’s been working on it for years. Here’s the video:
This same academic says the 401k has failed in this in-depth video. I agree with her in that regard. I just don’t agree with her solution.
Govt doesn’t know better and really should just stay out of the way. My opinion. Whole life contracts, like the ones utilized for IBC/Bank on Yourself clients, have worked with little change for over 150 years and preceded the IRS. The benefits of a whole life contract were even included in the Internal Revenue Code (IRC 7702a). Those are facts.
If you have twenty minutes in your schedule I’ll walk you through a hypothetical policy and show you how IBC/Bank on Yourself actually pays for your death benefit with the money you’ve already committed to saving. Basically, you’re going to get multiple uses and benefits with every dollar saved into the plan.
Liquidity, safety, and tax-free growth, distribution and transfer. Those are the starting points. You’ll see the death benefit just comes along for the ride and that the broader strokes of IBC/Bank on Yourself will have a much greater impact on your own personal economy.
In short, avoid the tax trap and possible confiscation of your money by government hands. Our government is broke and will try to find ways in the coming years to increase revenue. It has to and the easiest target is your 401k/IRA. Avoid any future 401k nationalization by choosing a private contract as the foundation for your savings. And remember this, wealthy people, I'm talking people with $10 million+ in net worth, don't use 401k's. They pay their taxes up front so they can have a tax-free return or lower exposure to taxes through a capital gains tax. Avoid the tax trap and take control of your money. After all, you did work for that right.
In short, avoid the tax trap and possible confiscation of your money by government hands. Our government is broke and will try to find ways in the coming years to increase revenue. It has to and the easiest target is your 401k/IRA. Avoid any future 401k nationalization by choosing a private contract as the foundation for your savings. And remember this, wealthy people, I'm talking people with $10 million+ in net worth, don't use 401k's. They pay their taxes up front so they can have a tax-free return or lower exposure to taxes through a capital gains tax. Avoid the tax trap and take control of your money. After all, you did work for that right.
John A. Montoya
JLM Wealth Strategies, Inc.
(925) 386-6639 Office
Authorized Advisor-Bank on Yourself®
CA Life#0C42222
DRE #01390017
NMLS #342818
An Urgent Warning
Does anyone recall how the USSR fell apart? They ran out of money trying to compete with us. Guess what? We're running out of money, too. Of course, we can print money all we want to pay for the welfare/warfare state, but guess what happens to your income and assets when that happens. Doing nothing will most assuredly mean poverty. History has told this story repeatedly. This isn't a warning. It's a call to action. Protect your assets now.
Call JLM Wealth Strategies at (800)208-6141 for a short 15 minute Q & A. The last thing you want to do is nothing.
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