Life is a risk.  Some risk is scarier than other risk, but never-the-less, all risk is uncertain.  We recently had some pretty scary risks occur in our life.  A long-time friend came to visit us and ended up falling, not once, but twice while visiting in our home.  The first time the only damage done …

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Remember George Strait’s song, “Ocean Front Property” and how from his front porch in Arizona, you can see the sea?  Released in 1987 it became the song of the year and is still a favorite country single.  The great appeal of this song is that everyone can relate.  Everyone has been “sold” or at least …

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Strolling through the dairy section of the grocery store this past week during our weekly grocery shopping excursion, I was shocked!  There on the shelf was something called “Fat Free Half and Half.  I burst out laughing at such an absurdity. Now you might be saying, “Wow, how does Fat Free Half and Half, wealth …

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According to “17 Bizarre Moments From History”[i] this 1923 invention called the “Portable Baby Cage” allowed the modern mother a chance to provide their babies fresh air and sunshine even though she couldn’t get outside. It is reported that future First Lady, Eleanor Roosevelt bought into this fad and purchased a cage for her daughter …

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Table of Contents: MEC Status for Universal Life Insurance Policies MEC Status for Whole Life Insurance Policies After the First 7 Years Summary The seven pay test determines whether a permanent life insurance policy is classified as a modified endowment contract (MEC). Within the first seven years, the total amount paid in premiums must not …

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Table of Contents: What is a 770 Account? How Does a 770 Account Work? What is the Difference Between a 770 Account and a 401K? Borrowing from a 770 Account Withdrawing Money from a 770 Account What are Keyman Policies? Can a 770 Account Help in Business Succession Planning? 770 Tax Benefits 770 Account Pros …

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Retirement Remastered – Smart Strategy for Passive Income in Your Golden Years by John McFie Table of Contents: A Broken Retirement System The Reality Facing Today’s Retirees What the Experts Are Saying A GRA System Might be Wall Street’s Favorite Solution What Happened to Social Security – Take Warning How Much Do You Need for …

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Many people believe that paying off a mortgage as fast as you can is the best way to avoid losing money to the cost of interest.  But with the 2017 Tax Cuts and Jobs Act, the deduction for the interest that your home mortgage provides is not really an issue anymore because the standard …

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Equity, debt and hybrid securities are readily transferable units of goods or resources which either provide ownership, the option for ownership, or the right to be paid back on an assumed debt(loan) over a specific period of time.  The idea that securities acquired their name because they keep your money secure is a huge misnomer. …

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In a participating whole life insurance policy, the “Face Value” of the policy is the dollar value of the benefit that will be paid should the insured die while the policy is still in force. Part of the face value consists of paid-up insurance, which is insurance that is actually owned by the policyholder. The …

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