Posted on March 15, 2010 @ 8:37 am - Written by BawldGuy
Written By — David Shafer
You are 32 years old, a man in good health, and newly married. You have a good job, make good, not great, money, and want to start out in life on solid financial footing. You are responsible financially and, along with your wife, have saved 6 months worth of expenses. What is the next step? You have been putting money into an 401K, but recently have started to question that decision as you have a long way to go to you can access this money without penalties and you see the big ups and downs the market has provided.
You see your parents worrying about the big losses in their retirement funds over the last decade and you want to consider something different!
Perhaps an EIUL????? Read the rest of this entry »
Posted on March 3, 2010 @ 8:22 am - Written by BawldGuy
Written by — David Shafer
Critics are constantly harping on the reasons not to invest in this or that. Some are calling for the end of American capitalism. So I thought I would give you the reasons why you should purchase an EIUL contract in concise form.
Taxes For most of us, taxes represent our biggest expense. Sales tax, income tax, property tax, gas tax, state tax; the list goes on and on. EIULs are designed to help you avoid some of the biggest taxes you have; state and federal income taxes. I don’t have a crystal ball so I can’t tell you what your tax rate will be when you retire, but I can bet that income taxes will be among the largest tax you pay. With the government running trillion dollar deficits as long as the eye can see, I wouldn’t wait for your federal income tax to go down, but that is just me. Read the rest of this entry »
Posted on March 1, 2010 @ 8:23 am - Written by BawldGuy
BawldGuy here — I’m so pleased to have Tom Anderson as a contributor here. He’ll be the resident ’slam dunk’ expert on IRA’s and related qualified plans, including the nuts ‘n bolts needed for any implementation you may need. We’re now setting up lines of communication with Pensco Trust which will smooth your way to the right person when you need stellar expert advice/assistance in the conversion from one type plan to another, or the plan’s purchase of real estate investment property.
Tom Anderson and Pensco are the real deal. I think you’ll be very pleased. Today starts with a sorta primer, the first part of a three part series on Roth IRAs and converting current plans to them.
Tom is just the latest example of the high level of expertise, experience, and knowledge it takes to be a contributor here. When it comes to self-directed plans — he’s your guy. Read the rest of this entry »
Posted on February 9, 2010 @ 11:30 am - Written by BawldGuy
Written by David Shafer
It always amazes me that folks can hold on to foolish ideas in their heads despite ample logical evidence of the foolishness of those ideas. For example, I constantly see referenced a couple of articles written by some Wall Street Lackeys about the superiority of stock investing over real estate investing. When you actually go to look at these articles, they are so poorly argued that it is amazing that the magazines that printed them would consider them fit to print in a financial oriented magazine. But, they get continually recycled.
For the record, historic research into internal rate of returns for investment real estate versus stocks demonstrate a huge advantage for real estate. This is not to say that fortunes can’t be made investing in stocks [Buffett, Lynch, etc.], only that arguing it is always better to invest in stocks over real estate is just dumb. I mean when you look at the wealth of super-wealthy people, on average, there is 3 times as much in investment real estate as stocks and bonds. Read the rest of this entry »
Posted on January 11, 2010 @ 12:46 pm - Written by BawldGuy
Readers: As I’ve written recently, this blog will be expanding to a multi-author format, while remained focused like a laser beam on real estate investment for retirement through a Purposeful Plan. David Shafer is a welcome addition to say the least. I’ve written about EIULs often on these pages — David has been my go-to expert on the subject. Though he’s written here a few times as a guest author, he now part of the BawldGuy Talking family. The following is his initial post. Welcome, David.
Written By David Shaffer
Hello all. When Jeff asked me to be a contributor to his blog, I jumped at the chance. As a regular reader of Bawldguy and someone that has gotten to know Jeff on a personal level, I have received much wisdom on a whole host of topics. The offer to give back to his readers some of the wisdom I have on using life insurance to fund retirement is something I look forward to doing.
This first post will give the reader a general idea about the insurance product, Equity Indexed Universal Life insurance, which I believe best carries out the strategies we will talk about going forward. Read the rest of this entry »
Posted on December 14, 2009 @ 4:18 pm - Written by BawldGuy
BawldGuy Axiom: The farmer who plows and plants in spring is never shocked to be harvesting bountiful crops in autumn. (How’s that for openin’ up a big ol’ can of Duh!?)
What comes before constructing a Purposeful Plan?
What comes before buying low and selling high?
What must come before anything you and I choose to do or accomplish?
What precedes a college diploma?
A decision must be made. Read the rest of this entry »
Posted on December 7, 2009 @ 4:46 pm - Written by Max Whitmore
Well, we got the best of both worlds last week, lower bond and gold prices and a higher dollar, plus a bonus by getting above the 1,100 S&P level and staying there most of the week, finally closing at 1,105.98 on the S&P cash index. And add to that the cooling of the Dubai problem, at least to the degree that it is not a front page worry. It was an almost perfect week for the charts.
But, don’t think that we are out of the woods just because all the good stuff lines up end to end. The weakness that the Dubai episode uncovered nearly two weeks ago is still there. But, as of this writing, it is fair to say that it is likely no longer a game-breaker. But, what it did show to all was that the world’s central banks still have a long way to go to regain the confidence of investors.
I have said a number of times over the last two years that the worst nightmare of Mr. Bernanke, our Fed chairman, is to lose the confidence of investors. His concern over this is one of the reasons that the huge flood of “newly printed” dollars continues. At all costs, he does not want deflation to gain the upper hand. So far he has been able to keep control, which is testified to by the stock markets seven month rise. Read the rest of this entry »
Posted on October 12, 2009 @ 9:52 am - Written by Max Whitmore
Well, what do I say?? As of the close last Friday, The Maxx Super Chart flashed a full-blown BUY signal. The last signal it generated was the SELL signal on February 8, 2008, over 18 months ago. So, am I impressed? YOU BET!! I have followed the Super Chart for a number of decades and I am always excited when a signal is flashed.
OK, so now what, you say. Well, the signal that flashed a 50% BUY commitment last July 25th now says the rest of the portfolio allocated to stock purchases should be committed. What stocks should you buy?? Well, I will leave the specific stock selection to you, as you know your likes and dislikes better than anyone else. Now understand, that’s not a cop out. I just don’t give personal portfolio recommendations, as I am not registered for that. But, as I said last week, I will continue, from time to time, to present a stock I find of interest for you to further investigate. And, hopefully one day, I will be able to offer a way that you can check your own stock picks on my Maxx Super Chart. But, that is still down the road a bit. Read the rest of this entry »