Blog

Universal Life Insurance is a Risky Purchase… just look at the Market Correction this Month!

Dec 12, 2018Tomas McFie

In front of me is an Index Universal Life Insurance (IUL) illustration.  A prospect emailed it to us because his agent had promised he could receive $31,000 a year in retirement income annually for the rest of his life if he would pay a total of $183,000 in premium over the next twenty years. Here …

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Interest You Earn Is Weightier Than Interest You Save

Dec 5, 2018Tomas McFie

Over $5,700 per household, that’s the new average for credit card debt in this country.  And the average rate of interest being charged for that credit card debt is now 17.14%!  But credit card debt doesn’t even cast a shadow compared to student loan debt.  Debt incurred for an education has now surmounted to $1.5 …

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Lasting Wealth

Nov 21, 2018Tomas McFie

Wealth resides, not in ownership, but in contentment.  In other words, don’t allow what you do not have to destroy the wealth that you already possess. If you accomplish this, you will experience the wealth that only comes with contentment. Yet, even when you find contentment there should remain within you a certain level of …

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Ignore Most Financial Advice and You’ll Keep More Money

Nov 14, 2018Tomas McFie

Imagine you are earning a 5% rate of return on an investment where you contribute $1,000 a month over a thirty-year period of time.  After you pay your 0.5% management fee you’ve lost 9.02% of your earnings even though you only paid 5.63% of your earnings towards the management fee.  If your management fee was …

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Your Retirement Plan Is Getting Shoved Around again, but here is How You Can Prevent It

Nov 7, 2018Tomas McFie

The Federal Reserve is at it again.  Raising interest rates, as if they have some crystal ball that tells them what only God could know, what is a fair and authentic interest rate. Here’s the crux of the matter.  The U.S. monetary system depends on deposits, loans, and interest to fuel it.  If the Fed …

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Tu plan de retiro esta en riesgo de verse afectado una vez más, pero aquí te decimos como puedes prevenirlo.

Nov 7, 2018Tomas McFie Translated by: Luis Uribe

La Reserva Federal está en lo suyo una vez más. Aumentando las tasas de interés, como si tuvieran una bola de cristal que les diera la respuesta a cuál es la tasa de interés más justa y autentica, pretendiendo saber solo lo que Dios puede saber. Este es el meollo del asunto. El sistema monetario …

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Your Financial Security and Sustainability Depend Upon This!

Oct 31, 2018Tomas McFie

Things can get spooky in life…and not just on Halloween. Both Michele and I were raised in Oregon.  Five of our children were born in Oregon. We have extended family that live in Oregon.  So, why did we choose to leave Oregon and move to Nevada? Oregon has become the second most expensive state in …

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How to reduce the cost of your mortgage to $16/month

Sep 19, 2018Tomas McFie

“Fear of running out of money before you die” is the biggest fear that Americans face today, behind terrorist attacks and government corruption.[i]  And yet, for pennies on the dollar, you can overcome that fear and gain confidence about your financial future. More and more people believe the deck is stacked against them, and that …

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The Ugly Duckling or The Black Swan | The Greatest Investment of All Times

Aug 22, 2018Tomas McFie

The story about the Ugly Duckling who turns out to be a beautiful Swan always intrigued me as a child.  Perhaps it was because that, even as a child, it was obvious to me that we are too quick to judge things as they appear, rather than as they really are. This applies to investing …

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The Real Cost Of College

Aug 14, 2018Ben McFie

Student loan debt in America today has surpassed 1.5 trillion dollars[i]!  That seems pretty bad, but most people are not able to reasonably visualize how much money 1.5 trillion dollars actually is. This inability is totally excusable since there is only one public company on planet earth that is valued at more than one trillion …

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