Traditional retirement planning methods often do not provide the level of financial security they promise, with many retirees expected to outlive their savings. The typical retirement account only has around $135,000, which equates to a maximum of $600 per month. Retirement accounts like 401(k)s and IRAs are also associated with numerous uncertainties, such as unpredictable market volatility, changing tax rates, and potential high fees.
An alternative strategy known as “Bank On Yourself” uses dividend-paying whole life insurance, an asset that has consistently increased in value over the past 160 years, irrespective of economic conditions. This strategy allows individuals to avoid Wall Street and banks, offering a safer avenue for wealth-building without unnecessary risks. It enables people to take control of their financial future, regardless of their age, income, or financial sophistication.
Key Takeaways:
- Traditional retirement plans often fall short, with the average 65-year-old predicted to outlive their savings by nearly a decade.
- Retirement accounts like 401(k)s and IRAs are fraught with uncertainties such as unpredictable market swings, potential high fees, and future tax rates.
- The alternative “Bank On Yourself” strategy uses dividend-paying whole life insurance, a reliable asset that has consistently increased in value over the past 160 years, enabling individuals to build wealth independently of Wall Street and banks.
“An alternative strategy, known as ‘Bank On Yourself,’ uses a specific type of dividend-paying whole life insurance, which has consistently increased in value over the last 160 years, regardless of economic booms or busts. This method allows individuals to bypass Wall Street and banks, offering a safe avenue for wealth-building without unnecessary risks.”
More details: here
Leave a Reply