subject: Is Your Financial Plan On Track? [print this page] Is Your Financial Plan On Track? Is Your Financial Plan On Track?
Do you know how much your retirement account will be worth in ten years, 20 years, or on the day you plan to tap into it? If you can't answer that question, you don't have a plan.
But don't give up hope. There are proven and time-tested ways to grow a substantial nest egg without the risk or volatility of stocks, mutual funds, real estate, and other investments.
For example, there is an asset class that has increased in value during every stock market decline and every period of economic boom and bust for more than a century. That asset is dividend-paying whole life insurance.
So what are the benefits?
A dividend-paying whole life policy grows by a guaranteed and pre-set amount every year. In addition, the growth is exponential, meaning it gets better (more efficient) every single year you have the policy, simply because you stick with it. And no luck, skill, or guesswork is required to make that happen.
There are little-known options that can be added to the policy which turbo-charge the growth of your equity ("cash value") in the policy.
Once credited to your policy, both your guaranteed annual increases, plus any dividends you may receive, are locked in. They don't vanish due to a market correction.
These policies also give you peace of mind for retirement planning, because you'll know the minimum guaranteed income you can take in retirement, and for how long you can take it.
You can use the money to "bank on yourself" and become your own source of financing, so you can reduce or even eliminate the control banks and financial institutions have over you.
In addition, it's possible to take retirement income from these policies with little or no tax consequences, under current tax law.
During the financial crisis, even as the experts lamented there was no place to hide, no one lost a penny in a dividend-paying whole life policy, and their policies continue to grow safely and predictably. Why? Because they were on the right track. Are you?
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