Why are people still on the sidelines waiting for the economy to change? This is the new global economy and for at least the next 5 to 10 years this is the way it’s going to be. There is no quick fix out there, and there is no way that you can get rich quickly. Instead of thinking where to invest, think how can you save what you already have and how can I prevent future losses. If you go back 20 years you will see that the economy is worst off now than it was then. There is no get rich quick investment trick, no way , no how. Stop fooling yourself and start smelling the coffee.

There is a way that over a 10 year period that you can turn taxable income into non-taxable income and get decent growth and guaranteed returns. You can start putting your money away here and not have sleepless nights. Yes, it takes at least 10 years to convert this and make it worthwhile. Otherwise you can stay with the same old “dog and pony show” that “Wall Street” has talked you into by their fancy graphs and underperformance and excuses that have plagued America for over 20 years now.

When I started the business we were told to bring in accounts and sell what the company told us to sell them. It made sense for the broker, but not the client. Its the same way today. The commissions were higher for us, but it didn’t benefit the client Things are a little different now. Now we have unqualified brokers who know how to steer you into destructive path by putting you at risk and blaming the system.I know people that should be used car salesman that are giving damaging financial advice. The broker is supposed to know what works, what’s safe, what to do when the market goes down. The SEC who have rules in place to prevent this sort of thing to happen, didn’t even know that for over 20 years Bernie Madoff had a Ponzi scheme going. Even though there were numerous complaints about him. How can that be? How can we have the failures of major corporations such as World Com., and Enron. How does this happen? The writing is on the “wall street,” wake up and smell the coffee. There are lots of positive options that I can show you that are guaranteed.

If you read my old blogs or listened to my old radio shows you can see that we were calling out to the public years ago. It all didn’t make sense and this recovery does not have the earmarks of making sense yet. When it does it will still take 10 years. My only concern is when the very wealthy get overtaxed that they go somewhere else to live and work and take more jobs and resources with them.

Stay well and prosper my friends. Send me a private email at aklfinancial@mac.com

Alan

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I want to talk about a home equity retirement plan. A home equity retirement plan means that you’re separating the equity from the interest in your house. Now, if you’re upside down financially, this plan is not for you. There are many plans out there that may be good for somebody else, but not for you.  Understand that I talk about concepts. I cannot make a wise decision specifically for you until I understand your whole situation. . . until I know your financial life. But see if this makes sense to you. Let me give you an example. . .

I have a daughter and my daughter has an interest-only loan that she got a couple years ago. She pays $2,100 a month for an interest-only loan. If she wanted to take a thirty-year amortized mortgage she’d be paying $3,200. There’s $1,100 difference between those loans. So, now she separates that money. She puts those extra thousand dollars away every month in her side account. She’s able to save that money every month. At the end of 30 years, based upon a rate of return that the S&P 500 has done over the last 25 years, she will have over two million dollars in the bank. This is a lot better than paying that $500,000 dollar mortgage, don’t you think? This is the power of separating home equity. This is not a short-term plan, It’s a long-term plan, and If done properly you will have a tax free income for the rest of your life. For a first time home buyer this is a no brainer, and everyone should look at this option. The equity is safe, liquid, and has a rate of return.

Do not do this plan on your own or with an unqualified planner. Many planners say they understand this concept but it takes special knowledge and training. To contact a planner in your area email me at aklfinancial.com or on this website. 

Alan

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