Blog

Your Credit Score is at Risk (but it’s not what you’re thinking)

Feb 19, 2020Tomas McFie

Your credit score is currently determined by five significant facts: 35% of your score is made up of your payment history. 30% of your score is based on the amount you owe compared to your available limits. 15% of your score comes from the length of your credit history. 10% of your score is established …

Read More...

5 Critical Things to Include in Your Retirement Planning

Feb 12, 2020Tomas McFie

There are many retirement calculators that will tell you how much you need to have in order to retire. But there are no calculators that can guarantee how much money you will need in retirement.  That is because the calculators used in typical financial planning are based on some interesting assumptions.  For example, The 70% …

Read More...

Three Hard Facts About Getting Old That Everyone Should Know

Feb 5, 2020Tomas McFie

If you were born between 1946 and 1964 you are classified as a Baby Boomer.[i] And Baby Boomers are retiring at somewhere around 10,000 per day.[ii] Needless to say, this is putting a strain on the Social Security Administration’s ability to continue to pay benefits.  As of June, 2019, 50% of retired married couples, and …

Read More...

True Prosperity Requires: Mutual Respect, Work, and Faith

Jan 29, 2020Tomas McFie

The idea that one can prosper without contributing to society is an idea that seems to prevail today.  People want to: “Invest” and make a fortune, without requiring the knowledge to make good choices Receive benefits for work they have never done Take what doesn’t belong to them because others have it and they want …

Read More...

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, …

Read More...

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 …

Read More...

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, …

Read More...

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, …

Read More...

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 …

Read More...

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 …

Read More...
27 Pages | 266 Results