Blog Entries tagged 'qualified plan'

Tips for Increasing Cash Flow Productively

cmiles — Fri, 19 Dec 2008 02:00:00 +0100

The following are tips that one can do to increase cash flow and identify resources more productively to be applied towards your economic well-being and/or Soul Purpose. Remember, that one's perspective is more important than just going through the motions. The key is discipline to be productive with the money freed up rather than spending it on consumptive or destructive items. Each of these points can be utilized to recapture lost dollars, but can also be abused in a way that coul [...]

Why Are Retirement Plans Failing?

cmiles — Fri, 19 Dec 2008 02:00:00 +0100

With my "Fire Your Financial Adviser" seminar and our Producer Power Hour podcast this week, I wanted to address a topic that I feel is grossly misunderstood. When I was a traditional financial adviser, I would rattle off some assumed 2000 Bureau of Labor Statistics that came out with a longitudinal report that studied where 25 yr olds in 1960 were in 2000. It showed 29% of 65 year olds deceased, 66% totally dependent on others or still working, 4% financially independen [...]

NEW YORK POST - BESTSELLER: "KILLING SACRED COWS"

admin — Tue, 19 Aug 2008 02:00:00 +0100

Sandwiched between the latest "Twilight" vampire book and Obama-bashing tome on Amazon.com is the No. 11 ranked "Killing Sacred Cows," financial advice by entrepreneur Gunderson.

Click Here to Read the Full Article

Book Review Response #2: The Main Purpose & Primary Focus of Killing Sacred Cows

causeofliberty — Sat, 09 Aug 2008 02:00:00 +0100

| Book Review | Response #1 |

In a recent review in the St. Petersburg Times, personal finance editor Helen Huntley writes, "[Killing Sacred Cows] makes some good points. I agree that you need to take responsibility for your own financial success and you should invest in yourself and your money-making potential. However, the main purpose of the book seems to be to convince you to cash out your 401(k) -- he doesn't mind that you have to pay income tax and possibly a 10% penal [...]

One Hidden Danger of a 401(k)

cmiles — Fri, 08 Aug 2008 02:00:00 +0100

By Chris Miles

I have often heard many well-intentioned Americans tell me that they feel they are on track to their retirement goals merely because they have been saving a good amount in their 401(k)'s or similar qualified plans. Many believe this is their only option.

My purpose is to shed light on a critical factor that is one of the causes for dramatic disappointment to our 76 million Baby Boomers now entering retirement. This covert killer can leave one with LESS THAN [...]

Pg. 244 - 401(k) Part 2

garrettgunderson — Wed, 06 Aug 2008 02:00:00 +0100