Blog

The $1000 Dilemma

Jul 11, 2018Tomas McFie

Less than 2 out of 5 Americans have enough money saved to afford an unexpected $1,000 expense. Such an expense would force 1 out of 5 to charge such an unexpected expense on a credit card, leaving the rest to either scrounge it off a friend, family member or take out a personal loan.  Interestingly …

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The Social Security Myth

Jul 4, 2018Tomas McFie

Ken Fisher, Founder of Fisher Investments, wrote in USA Today on June 24, 2018, “You shouldn’t worry about Social Security running out of money because in the past this same fear has “prompted politicians to act and put in simple fixes.”[i]  Then he goes on to explain that raising taxes, or the minimum retirement age …

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Why You Want to Pay Your Premiums as Long as You Can

Jun 27, 2018Tomas McFie

When purchasing participating whole life insurance, many want to see the premium “disappear” as soon as possible. And if you have a limited source of funding to pay the premiums with, like an inheritance, a bonus, the sale of personal property, a settlement, or lottery winnings, it might make sense to have the premium “disappear” …

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It’s A Process, Not a Product

May 16, 2018Tomas McFie

Several years back, when giving a presentation for Nelson Nash’s Think Tank in Birmingham Alabama, I shared with the advisers and agents gathered there, that the Infinite Banking Concept wasn’t as much about the product, participating whole life insurance, as it was about the process. You see, even at that time, many advisers and agents …

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Always Learning Yet Never Coming to The Full Knowledge of Truth

May 8, 2018Tomas McFie

We all are instructed to add to our faith, virtue, to virtue knowledge, to knowledge self-control, to self-control perseverance, to perseverance a devotion to God and then finally a concern and love for others. Why in this order? And why not love and concern for others first?  Look around you today, and you will discover …

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The single biggest mistake people discover after taking a policy loan

Apr 11, 2018Tomas McFie

Dr. Seuss’ book, “The Sneetches,” which is also now a YouTube, is about two different kinds of creatures.  One type has stars on their belly, the other kind have no stars.  Of course, those who have the stars make those who don’t have stars feel inferior and less of a Sneetch than those who do.  …

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Face Value

Mar 28, 2018Tomas McFie

In a participating whole life insurance policy, the “Face Value” of the policy is the dollar value of the benefit that will be paid should the insured die while the policy is still in force. Part of the face value consists of paid-up insurance, which is insurance that is actually owned by the policyholder. The …

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Getting the Most for Your Money

Mar 14, 2018Tomas McFie

Dr. Seuss’ book, “The Sneetches,” which is also now a YouTube, is about two different kinds of creatures.  One type has stars on their belly, the other kind have no stars.  Of course, those who have the stars make those who don’t have stars feel inferior and less of a Sneetch than those who do.  …

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Is Your Money Dead or Alive?

Feb 13, 2018Tomas McFie

As I wrote this blog, the stock market posted its worst loss since 2011. Yet, the money our clients manage for themselves suffered no loss, nor did any of my money which I manage for myself! Axel Merk, chief investment officer at San Francisco base Merk Investments had this to say about the market crash; …

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Are Multiple Life Insurance Policies Better Than One?

Feb 6, 2018Tomas McFie

And Is “Laddering” and “Stacking” Policies Really Cost Effective? There are those who insist that purchasing multiple life insurance policies, even a couple at a time, is better than purchasing or owning just one.  But our research has proven otherwise. Purchasing multiple policies increases the fee(s) you will pay the insurance company annually as there …

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