Are 401ks the BEST way to save for Retirement?

The Answer..NO! Its a good start, but not the end all to be all. First of all, Your money will be taxed upon withdrawal of the funds after 59 1/2. Suze Orman and the other experts state that you will be in lower tax bracket at retirement. Really? How does she now what the tax rates will be at that time. Currently, the US Govt has a trillion dollar deficit, it must be addressed. It is addressed via taxes. The money taken out of the 401k plan at retirment will be taxed on the regular income tax brackets.  The principal balance will run out in about 9 years.  

Next, you are stuck with the investment options provided by your employer.  Most employers provide several choices for the employees to select from to fund the 401k plan. Those options may be poor funds or great funds, but how does the average employee know what to pick? How do they protect themselves from downside risk? What happens if the fund does NOT produce the results expected? Can the employee get his money back if the money is lost? 

The 401 k plan provides an excellent way to accumulate cash, but it gives the employee limited or zero options in case the market goes south. Why not use a more effecient way to accumulate money for retirement? Why not have an product that can provide tax free growth, guaranteed rate of return, market performance crediting up to around 16%, and Tax Free income at retirment?  What is this product?  Call 888-853-5293 for more details.

Your 401k plan sucks BIG TIME!

Why are people putting money in a system that DOES NOT PROTECT THEM against downside risk? They have been lied to by these TV financial Experts: Suze Orman, et al. Mutual Funds have NO ability to protect the investor against downside risk. Mutual Funds are extremely risky because the owner has not ability to move around the money. 

401k plans are big time investment traps. In my honest opinion, they provide the investor ZERO Tax Savings! You will pay more in taxes than taxes saved your participation in the plan! For example, a client will contribute money into his/her 401k plan, and receive the tax deduction for the contribution. During his/her working years, the money grows tax free(without any guarantees of loss of money). At retirement, the money is pulled out, and taxed at the current tax bracket. How does the financial Genius Suze Orman know what tax bracket you are going to be at during retirement? She has no clue! The client will run out of money with in 7-9 years of withdrawing the money.  This is a BIG SCAM, but people continue to place their hard earned money into this crap hole. Please watch this video,  and call me NOW at 888-853-5293, for a better way to save and accumulate wealth.

This is why you DONT have extra money to Save!!

This video is explains why most Americans dont have money to save.  The creator of inflation is the Federal Reserve.  We can take a lesson from history.  

Coming Soon...M.P.G. LLC

Maximus Professional Group, LLC is coming soon to a new business owner near you!  What is M.P.G? MPG will specialize in assisting small business owners obtain access to capital. We will be using very creative and innovative ways for small business owners to obtain capital for start ups and existing business.  Over the next several weeks, they will be entries in this blog regarding starting up business, writing a biz plan, or anything related to business or business capital.   

The Tax Free Estate Transfer..what is that?

Looking to leave a legacy? Looking to leave a LARGE estate for your heirs?  What happens if you don't have the money or wealth to pass on to your family? There is a way to create a large estate for your heirs without breaking your wallet! Here are some highlights for this unique way of passing down an estate:

• Tax-Free Transfer-No Estate Tax is assessed
• The options can be given in a lump sum or stretched out over time
  
• In some cases, the wealth created in the estate can be accessed while the person is alive.
  

This product can be used to create generational wealth!  Just think a tax free transfer of wealth!  What is this product?  Well before revealing what this product is..lets talk about some other concerns that people have.  

With the estate tax, all your assets will taxed at time of death.  This tax must be met within 9 months of your death. People who have holdings in Liquid Assets will have to liquidate a portion of their portfolio to pay this tax.  Individuals that have a holdings in Real Estate will have to attempt to liquidate a portion of their holdings to satisfy this tax.  This strategy may sound good on the surface, but what happens if the market is down at the time of death? The IRS does not care what the market conditions are!  They will collect their monies by any means necessary!  This problem is not exclusive to "Rich" people.  It happens to middle class Americans all the time. The solution to this problem is basically a phone call away.  So if the solution is that close, where does one go to find the solution to these problems? 

The phone call can go to your local life insurance agent.  A life insurance policy can be used to create a tax free estate. The beneficiaries can opt to take a lump sum or receive the settlement as an annuity(installment).  There are other settlement options also available(all options are not totally tax free). Life insurance can be used while alive, owners can pull out cash accumulation for various needs while alive! For individuals who have estate tax problems, life insurance can be used to offset any potential estate tax liabilities! If set up correctly, Life Insurance proceeds can in the family for generations! So life insurance can do solve these problems..and more!  To find out how life insurance can solve your problems, call us at 888-853-5293 for a free analysis! 

Solution to an Individual Recession

This "Stimulus Plan that will be signed into law, is not the solution for solving YOUR individual problems.  It MAY provide jobs(Govt Jobs), but how does it impact you individually? It will not provide individual long term wealth because the Govt owns nothing. It must take from someone else to give somewhere else! This type of behavior creates a zero sum transaction; leaving the average citizen out of money!  

So what is the solution for your individual recession?  The secrets are in a book called, "The Richest Man in Babylon".  It was written in the last Century, and holds very sound principles of gathering wealth. While they may not be as exotic and carry much sex appeal, the people who are following these principles are VERY WEALTHY!  Let's look at 5 Law of Gold(Money).  These laws are originally listed in the book, "Richest Man In Babylon". I will attempt to provide a modern day translation!

The Five Rules of Gold

Rule Number One: Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.  This simply means that people need to start saving.  Save minimum of 10% of your current GROSS earnings. The easiest way to create an estate is through life insurance.  This is the vehicle that can transfer to your beneficiaries TAX FREE! There are ways to use Life Insurance while you are alive also!

Rule Number Two: Gold Laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. My translation: Money goes to someone who is working in their own job or business. This is were a person is able to perform rule number one. If you don't earn money, start today looking for a job or business opportunity to begin to save money!

Rule Number Three: Gold Clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. You must have strong financial advisers that can create a strong financial plan for you and your family. It is NOT only about one type of investment!  It must be the ENTIRE Financial Picture. With strong advisers, money will be around during up markets and down markets.

Rule Number Four: Gold slippeth away from the man who invests it in business or purposes with which he is not familiar or which are not approved by those skilled in its keep. The world most famous investor, Warren Buffet always invests into things he understands and knows.  This may be your own business!  It may be stocks or other securities that you are familiar with their operations. The point is this, don't invest in things you have a limited understanding; get educated FIRST then stick your hard earned money into it.

Rule Number Five: Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires investment. This is for the people who invest in these strange offshore gifting programs and double up stuff.  These programs are nothing more than ponzi schemes.  There are legitimate high yield investments out there, but you must get educated FIRST! I would also place in this category people depending on the Federal Govt to provide financial benefits. These tricksters and schemers are political figures who suck the savings from the people to line there own pockets. They promise utopia  viz a viz Free Health Care, Social Security, Free this or Free that, which breaks all the 5 principles of getting gold! This promise of these Freebies is a promise of utopia...which is a great big trip to nowhere!.

These five principles are timeless. Start today with opening up an Emergency Fund account and set up a life insurance program. Stay disciplined with these principles, they will not lead you wrong.  We will focus on more of these principles from the book, "The Richest Man from Babylon".  Call me at 888-853-5293 today for analysis of your current Financial Situation!

Indexing? The Wave of the Future

With people losing 20-30% of their value in the market, and real estate values are in the tank; where are folks looking to put their money?  CDs or Savings dont provide the yield that they once did in the 80s and that is BEFORE Taxes.  Indexing allows clients to participate indirectly in the market, but NEVER LOSE THEIR money when the market goes down.  Best selling author Douglas Andrew explains in this video. Please review and enjoy..