Busting The Retirement Lies

REVISED AND EXPANDED THIRD EDITION Is it possible that everything you have been told about retirement planning is wrong? Is retirement dead? Perhaps not yet, but it's on life support. The concept of retirement, as we've known it, is becoming a thing of the past. With the major economic, social, cultural, medical, technological, and employment shifts that have occurred in the past two decades, most everyone under the age of 100 now has to rethink what they thought "retirement" would be. Furthermore, the various "financial planning" industries are still looking at retirement through the lens of the 20th century. As a result, they are pushing products, services, and concepts that can actually "reduce" your chances for comfort in your later years. "Busting the Retirement Lies" is a quick read that is packed and to the point-and which will transform your perspective on retirement. You will learn: Why "saving enough" is not enough How financial planners skew projections, creating false expectations Why and how conventional retirement strategies are changing And more eye-opening new realities But most of all, regardless of your current age, you will learn what you can do to best enjoy the rest of your life."

Is life insurance a bad investment? Don't I lose all my cash value when I die? Shouldn't I just make a bundle and invest it instead? What about my spouse or my kids-do they need life insurance? Can I borrow money from (or is it against?) a life insurance policy? My insurance advisor told me one thing about insurance, but my financial planner gave me different advice, and an expert on TV said something else entirely. What do I do now? Help! Every day, people like you and me run into questions like these-and no good answers. The truth about life insurance is that myths, misunderstandings, and even outright lies cause a lot of uncertainty around what it is, how it works, who needs it and when, and-most importantly-the great benefits it can bring to your life. This book is here to clear up all that confusion. With combined experience of over fifty years in the life insurance industry, Kim Butler and Jack Burns know what's true and what isn't. They've seen what works and what fails. They've lived through every success and failure the industry can throw at them. And they're fed up with seeing smart, well-meaning people fall for costly half-truths and mix-ups because they just can't find the right information. Busting The Life Insurance Lies takes the 38 biggest, loudest myths around life insurance and breaks them wide open. Whether you're wondering if life insurance is right for you, wanting to understand how it can help you while you're still alive, or even an insurance advisor yourself, this book will guide you to the answers you need to make the clearest, most informed decision-one you'll feel good about for the rest of your life.

Revised and expanded second edition Is it possible that everything you have been told about retirement planning is wrong? Is retirement dead? Perhaps not yet, but it's on life support. The concept of retirement, as we've known it, is becoming a thing of the past. With the major economic, social, cultural, medical, technological, and employment shifts that have occurred in the past two decades, most everyone under the age of 100 now has to rethink what they thought "retirement" would be. Furthermore, the various "financial planning" industries are still looking at retirement through the lens of the 20th century. As a result, they are pushing products, services, and concepts that can actually reduce your chances for comfort in your later years. Busting the Retirement Lies is a quick read that is packed and to the point-and which will transform your perspective on retirement. You will learn: * Why "saving enough" is not enough * How financial planners can skew projections, creating false expectations * Why and how conventional retirement strategies are changing * And more eye-opening "new realities" But most of all, regardless of your current age, you will learn what you can do to best enjoy the rest of your life.

What you don't understand about interest rates probably IS hurting you... financially Typical financial wisdom and advice is sometimes lacking, and at other times, altogether wrong. This book fills in important gaps about essential but little-understood financial topics you won't hear about from most financial advisors. "Busting the Interest Rate Lies" corrects common financial myths such as: Purchasing a car with 0% dealer financing is the best way to buy a car; You always save money by paying cash for major purchases; A 15-year mortgage is more efficient than a 30-year mortgage; Earning a higher rate of interest on your investments is the key to amassing a small fortune over time. Additionally, you'll discover rarely-discussed facts about: What student loan debt costs the average college graduate; What the banks don't want you to know about credit cards; Insider information on how to get the best deal on a car; Finally An accurate comparison of buying vs. renting; Why "average" investment rates of return don't equal "actual" rates of return; And an analysis of Life Settlements-the best investment you may have never heard of Whether you are just learning to manage your money or whether you are an experienced investor, "Busting the Interest Rate Lies" offers information to help you avoid common financial mistakes and put MANY thousands of dollars into your pocket "

This book is much more than a book about retirement planning. It tackles what's wrong with the concept of retirement, from both a financial and a life purpose perspective. (As the author is fond of saying, "Who wants to be 'taken out of service'!? Not me!") The book also gives several examples of role models who are doing "retirement" differently, pursuing businesses, new careers, and meaningful volunteer work beyond the age when many people have confined themselves to an easy chair. And its seven chapters give the steps to living prosperously as you age: -Getting better, not just older... to 100 years or beyond! Move past the self-imposed and societal limitations of aging to live a full and healthy life. This chapter presents wise advice from active centenarians. -Match your purpose with your prowess. Learn tools and resources to help you figure out your innate calling or "soul purpose." Find work (or volunteer opportunities) you love. Don't work a job you hate! Discover how to enjoy your work while making a contribution. -Strategize how to keep doing meaningful work for a lifetime. It makes little sense to simply cease productivity because we're 65. Instead, we can do work we love throughout our lives, combined with meaningful sabbaticals, rest, and travel. -Save 20 percent of your income. Most Americans are drastically under-saving, not realizing the effect that taxes and inflation will have on their spendable income! This chapter features screenshots of several Truth Concepts calculators demonstrating how people will be impacted by inflation, the difference between actual and average returns, and more. -Understand the Reality of Retirement Plans. In this chapter, the Qualified Plan calculator gets a workout! As one of our first reviewers commented, -7 Principles of Prosperity and the CLUE concept, both of which lead the reader to realize they have other investment options than just 401(k)s and IRAs. -Live and Share with Passion. Whether you work, volunteer, or "retire," focus your life on the things that make it meaningful! But most of all, regardless of your current age, you will learn what you can do to best enjoy the rest of your life with purpose, passion, and prosperity!

An entertaining, deeply informative explanation of how high-level financial crimes work, written by an industry insider who’s an expert in the field. The way most white-collar crime works is by manipulating institutional psychology. That means creating something that looks as much as possible like a normal set of transactions. The drama comes later, when it all unwinds. Financial crime seems horribly complicated, but there are only so many ways you can con someone out of what’s theirs. In Lying for Money, veteran regulatory economist and market analyst Dan Davies tells the story of fraud through a genealogy of financial malfeasance, including: the Great Salad Oil swindle, the Pigeon King International fraud, the fictional British colony of Poyais in South America, the Boston Ladies’ Deposit Company, the Portuguese Banknote Affair, Theranos, and the Bre-X scam. Davies brings new insights into these schemes and shows how all frauds, current and historical, belong to one of four categories (“long firm,” counterfeiting, control fraud, and market crimes) and operate on the same basic principles. The only elements that change are the victims, the scammers, and the terminology. Davies has years of experience picking the bones out of some of the most famous frauds of the modern age. Now he reveals the big picture that emerges from their labyrinths of deceit and explains how fraud has shaped the entire development of the modern world economy.

The book tells the story of how we never evolved to exercise - to do voluntary physical activity for the sake of health. Using his own research and experiences throughout the world, the author recounts how and why humans evolved to walk, run, dig, and do other necessary and rewarding physical activities while avoiding needless exertion. Drawing on insights from biology and anthropology, the author suggests how we can make exercise more enjoyable, rather that shaming and blaming people for avoiding it

How to Build-and Keep-Generational Wealth! How can a family build "safe and sure" wealth... that lasts for generations? That's the question answered by Perpetual Wealth. You'll discover how families can create wealth together to serve the good of all. The authors call it "Family Financing," and it's about much more than money! Among the many fascinating and insightful points, you'll learn: Why "typical" financial advice sabotages long-term wealth The "4 Cornerstones of Generational Wealth" that ensure an inheritance will be wisely used, not wasted Why life insurance is "better than a bank" for growing wealth 13 "rules" for raising financially responsible children Plus, how to invest in the future of your family... and leave a lasting legacy Perpetual Wealth also includes an engaging story of a fictional family that will show you examples and ideas for: Family retreats to learn and grow together Writing a family mission statement Using Family Financing for leadership development Guidelines for family saving, lending, and borrowing And much more "The idea of Perpetual Wealth has always fed my Soul Purpose. "Perpetual" meaning long-term legacy, and "Soul Purpose" meaning what I was put on earth to do/give. Those two go together in a way that drives my energies every day. This book gives you some concrete steps to take with your family to work on both legacy and your own sense of your gifts (and your family's gifts) to the world." - Garrett Gunderson New York Times bestselling author and Chief Wealth Architect of Wealth Factory