Sat March 2 2013, and Sat march 9th WOSU PBS television station in Ohio is broadcasting a great financial show. Unlike Suze Orman and Dave Ramsey who have no professional training in Finance or Taxation or Retirement Planning. Ed Slott is a professional Certified Public Accountant (CPA) and a retirement expert. His Special is running on Public Television which does not accept commercial advertising. He does not sell Financial products, Stocks, Bonds or Mutual Funds, Insurance or Annuity products. Because the show airs on Public TV there are no advertisers like TD Ameritrade or other Securities Brokerage firms as show sponsors, or advertisers and potential content influencers. Just look at the advertisers or show sponsors for the Suze Ormon or Dave Ramsey shows.
Don't get me wrong, I like Suze and Dave. They do give a lot of good advice. However I know that some of their messages are biased, probably unintentionally, by their Lack of Accounting, Financial Training or their commercial sponsorship relationships. They believe that the only life insurance anyone ever needs is term life insurance. They are flat out wrong! Although some clients may never need any other form of insurance many clients need a combination of both and some clients may be better served by purchasing a cash value product
Ed Slott has no comericial sponsorship bias and does not sell Securities, Bonds, Mutual Funds, Insurance or Annuities. Ed recognizes and speaks favorably about the unique advantages found only with Fixed Annuity products and Universal Life Insurance. He Loves Tax Free retirement strategies. He says "Move your money from Forever Taxed to accounts that are Never Taxed." ROTH IRA's are one way to accomplish this goal. 401 K Plan rollovers are a useful tool where you can pay some tax now to avoid much higher taxes later.
I agree with his strategies and can help implement them for clients looking to protect some or even most of their assets from taxation now and into the future. Another quote I loved was " The only thing better than guaranteed income for life is guaranteed Tax Free income for life." Contact me if you want help with the strategies needed to accomplish either or both of these strategies.
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4 comments:
Thank you for sharing. One may ask when they should start planning? And the answer is simple, the sooner the better! No age is too young to start. Peace of mind for your financial future can help make the road to retirement a lot smoother.
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Ted, I agree with your comment and appreciate the input. It is never to soon to begin planning for retirement. The right strategy will require a combination of products balanced for rik but including some SAFE Money Products, some Risk based products and some life insurance products as well.
James. You raised several good questions. Regarding who to get help from or how to get help. You can look online. look on Linked In, Meet The Elite, Look at membership in groups like NAIFA, NAFA look for online complaints about an agent,
I get inquiries from new clients because they like the ideas I talk about and believe in the same philosophies I believe in like Safe Money strategies, providing products offering protection from risk. In my opinion you should never write a check for a product made out to a broker. You only want to make a check out to the Nationally known company recommended by the agent. I do not charge clients for an initial consultation! . I believe that one of the agents responsibilities is to educate you and I would not use an agent who does not want to spend the time to educate.
Depending on where you are located I might be able to help you directly! Feel free to call or email ME OFF THE BLOG TO PROTECT PERSONAL INFORMATION.
614-264-3864 or Polarisfinancialservices@gmail.com or financial-services@live.com
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