has its advantages, and both minimize risk. The definition of Risk = you can lose everything. Why is my recommendation important? It's because so many financial advisors do not have the experience of suffering through some of the hard times that a veteran financial planner does. Most weren't around in October 1989 when the Dow Jones dropped 22.3% in one day. Most weren't around from 2000 through 2002 and witness market corrections during that period. Many weren't around in 2008/09 and witnessed so many Americans losing their jobs, their homes, and a large portion of their retirement money. Nor do most agents understand the dangers of variable life, term, and term life. Do you Have a Lot of Liquid Cash and No Safe Place to Invest It? Commercial banks are doing quite well when you consider the fact that they can borrow money at almost zero percent from the infamous Federal Reserve (which is no more Federal than you and I are) and then loan it to the government for a huge profit. Then they turn right around and charge their customers 5 to 7% for commercial loans that have attached fees to many of their services while paying the lowest interest on certificates of deposit in their history. How many banks are in your community? Get the picture? If what you thought to be true turned out not to be, when would you want to know? As of this publication, if you deposit $100 dollars in a certificate of deposit @ 1%, you will earn one dollar after having your $100 tied up for a year. Then you will be expected to pay taxes on this measly gain, and when you factor inflation into the formula, you are losing money and purchasing power. I want to teach you how to lower those taxes and build a hedge against inflation.
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