Finally, after 8 years, credit card debt decreased in 2020 by an average of 14% nationwide.  Even so, in 2019 Americans spent $122 Billion on credit card debt interest, an evil which had drastically increased by 50% over the previous 5 years.  Millennials, Gen X and Baby Boomers are the generations which are driving up …

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Today’s episode is all about answering questions from you and others who listen to WealthTalks. From questions about serving clients in different geographical locations, to strategy and policy design concepts – you all have some great questions. And we’re not done yet…more coming in a few weeks. Do you have a question for Tom and …

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As of June 2021, it was refreshing to see that action was being taken against an agent/financial planner who claimed to be helping clients practice the Infinite Banking Concept (IBC) by accruing retirement savings in variable annuities and variable life insurance policies.  Among many other things, this agent/planner was selling insurance products by recommending clients …

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Recently there was an agent who was claiming to help people with the Infinite Banking Concept. Instead, he was swindling them. On today’s episode Tom and John break down this guy’s swindling setup, talk about scenarios which should have been red flags to his clients and what finally happened to the guy. They also share …

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Editorial Standards McFie Insurance provides you the information and assistance you need to protect your financial future. Here are a few of the reasons why hundreds of people have placed their confidence in us to secure their financial future. First of all, everything we publish or share with the public and our clients is honest, …

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According to the Federal Reserve Bank, Americans who are 55-59 have saved $223,493 towards their retirement.  Those 60-64 have only saved $221,451 and those who are 65-69 have saved even less, $206,819. Obviously, these balances are averages, but it is important to appreciate that Fidelity, who manages about 2/3 of America’s retirement savings plans reports …

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People are outliving their money, leaving themselves broke in their retirement. It isn’t solely because they aren’t saving enough, it’s also because they are saving in the wrong places. In today’s episode Tom and John assess the current retirement crisis to find out what went wrong. They also share details about our upcoming LIVE event …

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According to a 2021 CNBC report, the average American has $90,460 of debt! Which brings up the question…what happens to your debt when you die? How debt is handled after death depends on the type of debt, where the person lived, and how much money is in the estate. Here’s everything you need to know …

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Fortune Magazine published an article back in September of 1993 by Shawn Tully with this title:  The Real Key to Creating Wealth. In the article he spoke about something called Economic Value Added (EVA), which turned the corporate world upside down.  Prior to EVA, corporations were not taking into consideration the cost of using their …

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In 1993 Shawn Tully wrote an article in Fortune Magazine entitled The Real Key to Creating Wealth. The concept of Economic Value Added (EVA) which Tully described changed the way the corporate world looked at creating wealth. While Tully’s article was directed towards the corporate world, the concept is relevant to personal finance as well. …

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