Showing posts with label 401k nationalization. Show all posts
Showing posts with label 401k nationalization. Show all posts
Tuesday, April 24, 2012
A Broken Record of Broken Promises
This last video isn't a broken promise. President Obama was caught on open mic saying, "after the election, I will have more flexibility". In doing so he is inadvertently saying that he can not bend for purposes of being elected, but will do so afterward. It is an admission that he will say and promise one thing, but will do something else afterward. From the previous videos, we know this to be true.
Since our government can't keep it's promises, how safe do you feel knowing your largest retirement nest egg is in the hands of government via your 401k and/or IRA?
Believe it or not, the federal government is already working on ideas to nationalize these accounts. Read more here: http://jlmwealthstrategies.blogspot.com/2011/08/google-401k-nationalization-and.html
Tuesday, September 13, 2011
The Four Rules to Becoming Your Own Banker (Infinite Banking Concept)
Becoming Your Own Banker is a financial strategy that empowers individuals, business owners, and corporations to profit the same way banks do. This is accomplished by having access to your capital on your terms, not the banks. It also provides a way to grow your money tax-free without risk of stock market loss. And unlike a 401k/IRA government retirement account, the money is held in a private contract that can provide tax-free income at retirement.
If you follow these rules, you will eliminate your local bank and finance company from your life forever.
Rule #1: Think long range like a forester.
It's been said the best time to plant a tree was twenty years ago. So twenty years ago would have been the best time to think about planting. If you have the discipline to save money, now is the time to start your policy, not 20 years from now. Unlike a forester though, with the Infinite Banking Concept you can begin utilizing the benefits of your savings from the beginning because the IBC strategy provides liquidity while you are growing your savings. You can use the money for any purpose and without any conditions.
The money you save should last a lifetime. If you have a short term need for your money, the Infinite Banking Concept is not right for you.
Rule #2: Don’t be afraid to capitalize.
A customized dividend paying whole life policy is the best place in the world to have capital. It is insured from loss by the insurance company and has tax-favored status under the Internal Revenue Code.
Each year, the policyholder is contractually guaranteed to have an increase in cash value EVEN IF YOU USE THE MONEY FOR OTHER PURPOSES.
The #1 lesson to learn in building wealth is never lose capital. Every time you lose capital, you miss out on future opportunities. Don't be afraid to capitalize your policy.
Rule #3 Don’t steal from yourself.
You would never take a loan from bank and not pay the bank, right? The same rule applies to a loan you take from yourself. Let's take it one step further. If you knew you were going to re-capture all the interest you were charging yourself, how much interest would you pay yourself?
All that extra interest creates more capital in your policy. The more capital you create, the more opportunities you will have to invest.
Rule #4 Don’t do business with banks.
There are likely more banks than coffee shops on the main street of the town you live in and the tallest buildings are usually bank buildings. Doesn't that seem a bit odd to you? This is because the banking business is the most profitable business in the world. Businesses come and go, but the business of banking is eternal.
Only when you control your banking function will you be able to protect and grow your wealth safely and predictably through recessions and even depressions. If you do nothing, you will continue chase risk, jeopardize your financial future, and give the banks the interest on your money you would have otherwise earned for yourself and family.
Summary
My advice is simple. You can choose one of two options.
Think like a banker. Protect your assets. Pay yourself back and with interest. Become your own banker!
Or you can continue to be a pawn of your bank, finance company, and Wall Street.
The intangible value of Becoming Your Own Banker is incomprehensible. A whole life policy is a private contract with other free people and it precludes the necessity of contracting with the bank. It is your safe and predictable ticket to growing and preserving wealth now and for your next generation.
Contact me to learn more: www.IBC.guru
I can customize a policy to fit your unique situation and advise you on how to implement Infinite Banking into your life. 99% of advisors in the financial community including CPA's and Certified Financial Planners do not have the required training and expertise to explain the benefits of the Infinite Banking Concept. You want to work with an expert in this field. As an authorized advisor with the Nelson Nash Institute, I encourage you to interview me and ask questions to determine how you, your family, and even your business can benefit from this strategy.
Thank you,
John A. Montoya
If you follow these rules, you will eliminate your local bank and finance company from your life forever.
Rule #1: Think long range like a forester.
It's been said the best time to plant a tree was twenty years ago. So twenty years ago would have been the best time to think about planting. If you have the discipline to save money, now is the time to start your policy, not 20 years from now. Unlike a forester though, with the Infinite Banking Concept you can begin utilizing the benefits of your savings from the beginning because the IBC strategy provides liquidity while you are growing your savings. You can use the money for any purpose and without any conditions.
The money you save should last a lifetime. If you have a short term need for your money, the Infinite Banking Concept is not right for you.
Rule #2: Don’t be afraid to capitalize.
A customized dividend paying whole life policy is the best place in the world to have capital. It is insured from loss by the insurance company and has tax-favored status under the Internal Revenue Code.
Each year, the policyholder is contractually guaranteed to have an increase in cash value EVEN IF YOU USE THE MONEY FOR OTHER PURPOSES.
The #1 lesson to learn in building wealth is never lose capital. Every time you lose capital, you miss out on future opportunities. Don't be afraid to capitalize your policy.
Rule #3 Don’t steal from yourself.
You would never take a loan from bank and not pay the bank, right? The same rule applies to a loan you take from yourself. Let's take it one step further. If you knew you were going to re-capture all the interest you were charging yourself, how much interest would you pay yourself?
All that extra interest creates more capital in your policy. The more capital you create, the more opportunities you will have to invest.
Rule #4 Don’t do business with banks.
There are likely more banks than coffee shops on the main street of the town you live in and the tallest buildings are usually bank buildings. Doesn't that seem a bit odd to you? This is because the banking business is the most profitable business in the world. Businesses come and go, but the business of banking is eternal.
Only when you control your banking function will you be able to protect and grow your wealth safely and predictably through recessions and even depressions. If you do nothing, you will continue chase risk, jeopardize your financial future, and give the banks the interest on your money you would have otherwise earned for yourself and family.
Summary
My advice is simple. You can choose one of two options.
Think like a banker. Protect your assets. Pay yourself back and with interest. Become your own banker!
Or you can continue to be a pawn of your bank, finance company, and Wall Street.
The intangible value of Becoming Your Own Banker is incomprehensible. A whole life policy is a private contract with other free people and it precludes the necessity of contracting with the bank. It is your safe and predictable ticket to growing and preserving wealth now and for your next generation.
Contact me to learn more: www.IBC.guru
I can customize a policy to fit your unique situation and advise you on how to implement Infinite Banking into your life. 99% of advisors in the financial community including CPA's and Certified Financial Planners do not have the required training and expertise to explain the benefits of the Infinite Banking Concept. You want to work with an expert in this field. As an authorized advisor with the Nelson Nash Institute, I encourage you to interview me and ask questions to determine how you, your family, and even your business can benefit from this strategy.
Thank you,
John A. Montoya
Monday, August 8, 2011
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.
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
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