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Financial Wisdom and John Bogle

Jan 22, 2020Tomas McFie

John (Jack) Bogle, is indisputably someone who had a profound impact on how investors participate in the market today.  According to MarketWatch, those who have followed Bogles’ leadership most likely haven’t been “front of the pack” investors but have certainly ended up retaining actual returns that rank in the “top 20% of all investors.”[i] So, …

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The Financial Mistake most Millennials are Making

Jan 15, 2020Tomas McFie

As reported by Buzznet, a recent study uncovered that 75% of millennials don’t have any life insurance, supposedly because they can’t afford it. But something millennials fail to realize is that the younger you are when you purchase life insurance, the cheaper your coverage will be for your entire life. Life insurance isn’t as trendy …

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The Problem with Bank On Yourself

Jan 1, 2020Tomas McFie

As Nerdwallet.com reports, “First there was LEAP, then there was Infinite Banking, also known as Becoming Your Own Banker.  Now it’s Bank on Yourself (BOY), with Pamela Yellen.”  In essence, here is what each of these different sales programs attempts to accomplish for the prospect by selling them a permanent life insurance: Save you money, …

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Evaluating Whole Life Insurance as any Good Investment: Life Benefits Christmas Gift for You in 2019

Dec 25, 2019Tomas McFie

Investment grade life insurance is commonly sold as a solution to avoid the non-diversifiable market risk associated with investing in the market. The problem is that investment grade life insurance is basically a marketing gimmick which should alert every suspicion nerve in your body to its highest level.  Here are the reasons why: Life insurance, …

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How Much Should You Have in Your 401k?

Dec 18, 2019Tomas McFie

According to Fidelity Investments, in order for your 401K to sustain you in your retirement you will need to have 8x your annual income saved by the time you reach age 67.  To keep on track with your savings, you will need to have at least your annual income tucked away by age 35. By …

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Why Socialism Is So Appealing to Millennials

Dec 11, 2019Tomas McFie

More than 6 out of 10 Americans age 18-34, believe that we need a “strong government to handle today’s complex economic problems” while only slightly over one-third believe that “the free market can handle these problems without government being involved.”[i] The Problem: Millennials can’t remember a time when everyone didn’t own a cell phone, have …

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Life Insurance Policy Loans and Withdrawals – how and when to use them

Dec 4, 2019Tomas McFie

You may have the option of taking a withdrawal or a policy loan against the permanent life insurance that you own. That is because permanent life insurance policies can create surrender value.  Surrender value, commonly called cash value or accumulated cash value, can be withdrawn from the policy, borrowed from the policy, or used as …

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The Importance of Capitalism

Nov 27, 2019Tomas McFie

One of the biggest misunderstandings that progressives propagate is that capitalism is evil because it takes from the poor and multiplies the riches of the wealthy.  But nothing could be further from the truth.  Capitalism actually is a selfless service to others and should be cherished. Namely, because it accomplishes all the things that progressives …

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Wealth Inequality in America: Is it Wrong to Be Wealthy?

Nov 20, 2019Tomas McFie

After fighting Marxists, both here and abroad for at least the last 70 years, who would have ever thought that Americans today would be considering Marxism to be a better way of life? But that is exactly what is happening.  From college campuses to the NBA, and from the politically naïve to progressives in the …

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The Best Way to Pay Off a Mortgage

Nov 12, 2019Tomas McFie

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 new 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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