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In: Infinite Banking, Retirement Income, Taxes, Whole Life Insurance

In this post, more pondering on Social Security, originally posted by the late Nelson Nash. More Pondering On Social SecurityArticle from the Nelson Nash/IBC BankNotes “More Pondering On Social Security”Originally posted in BankNotes October 2018 by R. Nelson Nash Earlier in this series of articles I wrote a little bit about Social Security.  But, it kept haunting me that there is much more that needs to be revealed about this unbelievable con game. And so, I offer just a few additional facts about it and my observations of human financial behavior because of it. For instance, recognize that President Kennedy and Sergeant Shriver were theRead More →

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In: Bank On Yourself, Finance, Financial Independence, Inflation, Money Solutions, Retirement, Retirement Income, saving, Taxes

The Great 401k Myth Six Reasons Why The 401(k) May Not Be in Your Best Interest The great 401k myth has been perpetuated over the last 30+ years from good intending radio entertainers to trusted advisors. Unfortunately this utopian, politically motivated, economic view of your financial future originates from the government and big banks, and the 401k myth has been propagated to the point of epic proportions. “Myths which are believed in tend to become true.” ~George Orwell What makes the 401k myth so destructive is that it is based on a scarcity mindset and it is being perpetuated from generation to generation. When weRead More →

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In: Austrian Economics, debt, Inflation, interest, Taxes

Government Default or Raise The Debt Ceiling? Will the government default or raise the debt ceiling again? The U.S. Treasury Department is now calling on Congress to raise the debt ceiling once again to prevent a government default. Officially, the current United States debt ceiling expired on March 15th, 2017. The following day, the outstanding debt of the United States was at the statutory debt limit. This means that lawmakers must now decide how to address the nation’s fiscal problems or face government default. Treasury Secretary, Steven Mnuchin, recently sent a letter to House Speaker, Paul Ryan, on March 8 urging Congress to raise the debtRead More →

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In: debt, Finance, Financial Planning, Retirement

Myra Roth Wants Your Money Myra Roth, the government’s new retirement account, has launched nationwide. myRA is her given name and she wants you to invest your hard earned money with her. She is of no kin to Ira or Betsy, and I do have my suspicions about her. Disclaimer: This blog was written with satire and is not intended as investment or tax advice. Myra Promises Tax Benefits and Safety Our country is rebounding, but in a nutshell, we are broke. A great number of the population are retired and/or unemployed. So, I find it ironic that our government suddenly finds itself in a positionRead More →

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In: Finance, Long Term Care Insurance, Retirement

What You Need to Know About Long Term Care Understanding LTCI and Why It’s Important Long term care refers to medical services and personal care needed to assist individuals who have lost their ability to function independently. Long-term care insurance can help cover costs associated with providing care that is not covered by health insurance, Medicare or Medicaid. Owning long term care insurance can protect you from depleting your assets during retirement and unnecessary wealth transfers. A recent survey found that Americans continue to misperceive the cost and risk of needing long-term care, said the SCAN Foundation. The SCAN Foundation promotes aging with dignity and independence. And,Read More →