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Make sure your financial instrument serves more than one purpose

June 7th, 2011

financial instrument wealth accumulation

Let me start off by saying that the intent of this article is not to sell you life insurance but to show you the best financial instrument for wealth accumulation and to use the best tool out there with the most tax advantages.

Financial safety is critical along with that it is divers-ital in what it can do as your chosen financial instrument for wealth accumulation. You also want to minimize your tax burden. A very critical aspect to any financial instrument you take on is that there is no chance you will lose your money.

Here are the 10 criteria when deciding where to put your investment money.

  1. No chance of losing your investment money in a down market.
  2. Allows your money to grow tax-deferred.
  3. Option to withdraw money tax free.
  4. Getting a guaranteed annual rate of return.
  5. Fully locked up and protected from creditors.
  6. No limit on how much you can invest in the financial instrument.
  7. Extremely liquid. No rules, penalty, or restriction on getting access to your money.
  8. Option to use your money as collateral.
  9. Use your money at your discretion by your rules instead of the governments.
  10. No chance of your investments value going down.

In this litigious society having your money protected from lawsuits and creditors is key and this financial instrument we are talking about will allow you to do that. There are also all kinds of penalties and restrictions on most investments when getting access to your money but not with this instrument.

There are some deterrents when getting access to this money but this instrument is liquid in that you can get access to this money in at least 48 hours.

So what is this financial instrument? Some people call it the “bank of you”. Basically you are your own banker and refers to your financial position rather than an actual bank.

This instrument gives you access to your “bank” under your control.

A traditional bank must persuade people to put money in their bank by giving you access to the money conveniently and offer interest back to you for leaving it in there.

Banks make more interest then they pay. Banks don’t just let the money you give them sit there but actually keep that money moving and making money.

By you being the bank you can make interest on yourself which means while you invest money in opportunities you are not losing money on the other side by paying interest to a bank for that loan. Instead you can make money on the loans you take out as you are borrowing money from yourself.

The principal here is to not do what a bank tells you but do as a bank does. You will be far better off by being the bank.

life insurance investment vehicle Tyler TXTo be the bank you must put your money in the most efficient financial instrument that will act most closely like a bank.

This type of system goes by the name “the bank of you” and “infinite banking”

One of the differences between this type of system and other investments is that you have access to it and it is tax free tax deferred and there is no limit to how much money you can put into this instrument.

Even if the interest on the investment is lower than other investments keep in mind you are no longer paying interest to a bank as all your loans are from yourself.

Looking at the overall picture if you add up the interest you are saving and the interest on your return in your financial instrument you will make much more money than having your money tied up in other sometimes more risky investments that are not as liquid.

What this strategy provides is:

  • Income tax-free death benefit
  • The possibility of tax-free income
  • Access to financial benefits in case of illness
  • Tax-deferred cash growth

The product is called SecurePlus Universal Life Provider Option B (Increasing)
Example issue at the age of 32
Here is the summary of values at the age of 60

Note: Think of the insurance policy as a bonus as we are using this mainly as a financial instrument to act as “the bank of you”

Life Insurance Annual Premium is $12,000

The Cash value accumulation is $913,507 or an annual tax-free income of $75,000 starting at the age of 60 that is payable for 40 years.

Plus you get a remaining death benefit after income distribution of $853,694

Or with the annual life insurance premium of $12,000 you get $1,268,906 income tax-free death benefit or accelerated benefits during lifetime such as $1,000,000 terminal illness or $13,459 chronic illness monthly benefit, or $1,000,000 critical life threatening illness benefit.

How it works

  • At your death, the benefit is paid directly to your beneficiary, free of income taxes and without the publicity of probate.
  • You may accelerate the death benefit during your lifetime to help cover cost associated with a terminal chronic or critical illness.
  • Any remaining death benefit not accelerated during your lifetime is paid to your beneficiary income tax-free.
  • Policy cash value grows income tax-deferred.
  • Policy cash value may be accessed during lifetime to generate tax free income.

This type of financial instrument strategy to be your own bank has been used by many wealthy individuals from the past and even some now like Donald Trump.

Again this is not about life insurance but about using the right vehicle to provide to you all the benefts you need to maintain the lifestyle and growth in money that you want.

The trick to pull the money out of your life insurance policy while keeping it tax deferred and tax free is to take a loan out on the policy.

Because it is a loan this money never goes on your 1040.

Most insurance experts do not know how to structure insurance policies correctly. What ends up happening is they give you a lot of death benefit but no wealth accumulation when structuring your policy.

These concepts we are presenting here get really powerful because we are basically getting as little life insurance as possible while throwing a lot of money in there that you can borrow whenever you want.

This financial instrument allows you to build something similar to an annuity that you get tax free each year. The money left in there continues to compound because it is earning interest.

Whatever money is left in the account if you croke at 100 years of age your heirs get 100% tax free.

When setting up this type of policy you have to make sure it is setup correctly or you could create a qualified account that created a taxable event. This mistake is known as mecing the insurance policy.

To avoid this mistake it is worth sitting down with a financial planner who knows how to create these type of wealth strategies that will avoid this possibility.

The simplest solution is to take the path of least resistance which is to add more insurance than you really need to avoid mecing the policy. The problem is that the insurance agent is adding more cost than is neccessary.

The better way to add in insurance is to increase the insurance over time in an auto-pilot fashion so that it increases the cost over time. Many insurance agents do not understand how to set the policy up on auto pilot in this type of way and even those who do may not simply because they will make more money loading you up with insurance from the start.

These policies have a guaranteed rate of return of 2 % but typically you get around 5.9 %.

Keep in mind even though in other investment vehicles you might make higher returns you are taxed each year for these and sometimes there are management fees. Even with no load funds there are management fees to manage the portfolio. With IRA’s it is tax deferred but the management fee is 1%.

We are comparing the Secured Plus provider against these investments. You make $12,000 payments until age 60 with the Life Insurance policy. An IRA runs out at age 72. You will notice that with a CD you will run out of money in your 60’s. A municpal bond will run out at age 68. A 9% mutual fund will run out at age 70.

With the Secured Plus plan you are in the money until age 100 with the ability to pull out $75,000 per year at age 60 until age 100.

If you put in $5,000 a month you can pull out $13 million dollars from age 60 – to age 100 which is at a 5.9% interest rate.

This money can be past to your heirs tax free. A short mention about using an IRA in comparison is that you must start taking money out of that IRA at retirement age which is not the case with the SecuredPlan strategy.

The great thing about this for the short term is that you can borrow from yourself on this investment vehicle at anytime and it is tax free.

Unlike a traditional bank you can grow your money and borrow from it while paying yourself interest. This does not mean you do not have a traditional bank account but as far as where most of your wealth is held it should be in this type of investment vehicle.

Banking is a very lucrative business and they make money by moving it, all this strategy is showing you is how you can operate your income very similar to how a bank does.

In summary, the government can’t take this money, you do not have to pay taxes on it, offers security, retirement, something you can pass on to your heirs, and you can be more risky as a business owner and entrepreneur to get into the opportunities you want to get into.

This system allows you to pay yourself first which many business owners forget to do and end up having to start over in life from scratch after they loses it all. If you take a big hit on your finances you will still be able to sleep with this program and is foundational to your long term success with your finances.

To see if this financial plan is right for you I recommend speaking to a financial planner in the Tyler Texas area. Here are a few that I know of: Feliciano Financial and Achieve Financial

 

 

 

 

 

 

Kevin Trudeau Claims FDA is Hiding Positive Benefits of HCG Hormone

February 19th, 2011

HCG Hormones and Kevin TrudeauIt seems like everybody likes a little scandal and controversy and what with all the tabloids and entertainment/celebrity tv shows like “extra” and “tmz” focused on just that it is made readily handy to us. And when it comes to diets and diet fads there definitely is no lack of scandal and the gossip about it.

The HCG weight loss program has no lack of such things when it comes to how and if it works. But the controversy in the HCG program has taken on a new face and that face belongs to Kevin Trudeau.

If you take a look at Trudeau’s past it seems scandal and controversy follows him where ever he goes nowadays with many lawsuits due to misrepresentation of products on his infomercials. The interesting part is that the controversy that Trudeau has brought to HCG has been more beneficial than not.

Comments about HCG Hormone Diets

The first aspect of the controversy created by Trudeau was how he rocked the boat a little bit with statements from his book “The Weight Loss Cure “They” Don’t Want You To Know About” in which he has made claim that the FDA and drug companies are secretly trying to keep people from knowing about the HCG hormone and it’s help in weight loss in order to benefit themselves.

Be it true or not, Trudeau’s book has brought a bit of a revival to the HCG weight loss solution. Unfortunately, the controversy has not stopped there. It seems some of Trudeau’s skeletons have returned from the closet and, once again, he is being brought before the law for deceiving statements made about the HCG diet plan.

 

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East Texas Gives Large Compensation to Patent Holders

January 27th, 2011

East Texas CourtsDoesn’t it seem like every time a commercial comes on advertising some new technology or service, you have to do a Google search just to understand what their talking about?

Droid phones, 3G, 4G, IPads, Blackberry, and the list goes on and on. We are facing a modern age in which the inventing and producing of new technology is moving at lightning speed and whoever is at the front will make the most money.

Unfortunately, other aspects of the technology business are not keeping up. This is especially true when it comes to patents and what constitutes patent infringement.

Now, we are not just talking about keeping up with the incredible growth of wireless media that has taken place this last decade, we are talking 50 years since they set the standard that is currently being used to assign and distinguish patents.

And what that means is that the standard in which the courts of East Texas use to hand out high money compensation for patent infringement is outdated.

It is this exact standard in question that the citizens and judges of the courts in Marshall, Texarkana, and Tyler have used to award hundreds of millions of dollars for patent infringement.

The two major factors in question in the current standard is to what extent a patent reaches in certain technology and how much financial damage is really taking place with infringements.

Both factors, if changed, would lower the amount of compensation dramatically. Considering that the majority of new technology deals with multiple patents, the potential of monster lawsuits bringing some companies to their knees is in the future if the current standard is not updated.

Lose Weight By Injecting Woman Pregnancy Hormone in Your Body Even if your a guy

November 24th, 2010
Weight Loss Pregnancy Hormone

B Ki Website

Beyer-Kirk International of Las Colinas
(Offices also in Tyler and the Dallas Fort Worth area)
6420 N. MacArthur Blvd., Ste. 100
Internet 75930
United States of America
Phone:  972-506-0503
Web Address:  www.40lbsin40days.com

B Ki, ever heard of it? So your a guy and you want to lose weight no problem. Simply allow us to inject your body with woman’s pregnancy hormones. But I’m a guy! That’s ok the hormones will trick your body into thinking you are a pregnant woman and will help you lose weight. However you must adhere to a very strict low calorie diet.

Huh?

I would rather just do the low calorie diet than the whole drinking mad scientist serum to turn into a pregnant woman because it just sounds unnatural a bit.

Well that’s not what is going on, we inject this stuff in your body and cough..cough..you may start going bald especially if you are already a woman.

I really don’t think I like the sound of this stuff B Ki.

This is the thinking that goes in my head from listening to friends of mine who have done the woman pregnancy hormone thing to try and lose weight.

Woman Pregnancy Hormone and Weight Loss

Quite a few people describe this $1695 dollar weight loss plan as the starvation diet while the pregnancy hormone serves to offer a placebo effect while giving you the benefit of going bald at the same time.

I don’t know if the rumor is true but a guy commented on this site that the local Tyler Texas B Ki clinic has shut down and they have multiple lawsuits against them. Some of these lawsuits are said to be from previous employees that worked at B Ki as well as clients?

I was also told that the Texas Attorney General is investigating B Ki for false claims promoted in their advertising and by their sales people.

I don’t know how much of this is hearsay or real but I plan to request the Texas Attorney General complaints to do a little fact checking.

At this point I must point out that B Ki is innocent until proven guilty and these things are alleged offenses that must be taken through a court of law. Most of what I have said in this post is just my complete lack of understanding played out in a witty little joke that this stuff will turn a guy into a woman. Come on people, it won’t do that but you may lose your hair.

The name of the woman pregnancy hormone used in this clinic is called the HCG hormone shot.

If you are overweight now would be the time to do a little more research before injecting this stuff in your body.

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