Can You Trust Your Financial Planner?

Did you know that a Doctor’s training provides little insight into the cause of illness?  Dr. Michael E. Platt MD reports that statistically, within 18 seconds of a doctor entering a treatment room to see a patient, they know what drug they’re going to prescribe for whatever you have complained about.”[1]

The same can be said about typical financial planners. They know within seconds of meeting you what they will advise you to do with your money. That is why Suze Orman, David Ramsey or any financial planner can get on a radio or TV show and tell everybody to fund their 401(k) or IRA to the max and to cut up their credit cards and pay cash for everything. They simply don’t have the training or skills to deal with unique individual circumstances and so they use the “one-size-fits-all” approach which is causing millions of Americans run out of money before they die.

Statistically, if you are 65 years old, your odds of running out of money 10 years before you die it relatively high[2] because of the typical financial advice regarding funding your 401(k) and/or IRA to the max and not protecting your hard-earned savings first. That is because little foresight is provided by financial planners about how wealth is really created and protected so that it will last your lifetime.

At Life Benefits we believe you deserve much more than a few cursory seconds to determine what you need to do to grow and protect your wealth.  As in health, wealth doesn’t depend on how much you can accumulate but on how much you control.  An immune system that is out of control will not protect you from viruses, bacteria or cancer. Likewise, a financial plan is out of balance, if it’s just focused on accumulating, rather than controlling and managing your money.

By first establishing a way to protect what you will control, participating whole life insurance is the basis of a good traditional financial plan.  Not only does participating whole life insurance provide protection, it also enforces you to keep more of what you make, which is a fundamental rule of creating wealth.

Participating whole life insurance provides continued growth while it is leveraged to transfer debt to an asset in your life.  Once that is completed, you will automatically be in control of more money than millions of Americans.

As control is more important than accumulation, you will enjoy the peace of mind that comes from owning assets that will continue to meet the demands of your life as long as you live. And you won’t have to worry about running out of money before you die.

We have a formula that helps you keep more of the money you make so that you can have that kind of peace of mind.  We can help you. Schedule a Meeting Here »

Dr. Tomas McFieDr. Tomas P. McFie

Most Americans depend on Social Security for retirement income. Even when people think they’re saving money, taxes, fees, investment losses and market volatility take most of their money away. I help people beat the system with a financial formula that minimizes taxes, reduces fees and cuts losses so they can keep more of the money they make, grow their wealth and never run out of money.

[1] https://www.newsmax.com/health/health-news/doctors-secrets/2020/03/09/id/957511/https://www.newsmax.com/health/health-news/doctors-secrets/2020/03/09/id/957511/

[2] according to Bloomberg.com, 65-year-olds have enough savings to cover just 9.7 years of their needed retirement income leaving men with a money gap of 8.3 years and women, who statistically live longer, with a 10.9 year money gap

 

Get a Free
Life Insurance Quote

Happy Insured Family

Get My Quote »

 

Recent Blog Posts

Get Exclusive Updates from Life Benefits

SUBSCRIBE »

 

Get a Private Strategy Session

Call 702-660-7000 or

REQUEST HERE » Strategy Session with Tom McFie