Learn what the judge won't tell you or in most states allow you to be told!

Learn what the judge won't tell you or in most states allow you to be told!
Stop Prohibition-Just Refuse to Convict

Saturday, January 31, 2015

The Poor Man's Legacy

Want to leave a legacy to your heirs but don't think you can afford to?

Check out what I like to call the poor man's legacy; NO real estate, investments, gambling on the Wall Street lottery or assets to manage or move from tax shelter to tax shelter.

Life Insurance, in particular whole or permanent life insurance is the best vehicle for the average person wanting to leave something to their children; like the rich do without the headaches.

In the U.S. Life insurance proceeds do not go through probate, is not taxed and your heirs have access to their “inheritance” within a few weeks not months or years.

In addition whole life insurance builds a cash value that you can access without having to crawl and beg to a loan officer for the funds to fix a leaky roof or your automobile. Whole life insurance can be used to supplement retirement income like a pension where you withdraw a set amount monthly or annually. Keeping in mind any amounts withdrawn from the cash value will be deducted from the death benefit should you die without putting the funds back in.

For example if you have a $50,000 policy and you have withdrawn $10,000 of the cash value and die suddenly the death benefit is reduced to $40,000 for your beneficiary.
To use as a pension you should start your policy at a young age and infuse it with extra cash each being careful not to exceed the '7 pay limit'. The illustration that you get when purchasing your policy should indicate what that amount is. If it does not – ask for it!

The great thing about whole life Insurance is your premium payment never goes up no matter how old you get.

Whole life insurance premiums will initially be higher then Term Life but, unless you choose to increase the benefit amount they NEVER increase! As you age Term Life insurance premiums increase and eventually become cost prohibitive. Unless you have purchased a return of premium policy you will have nothing to show for them and you certainly not have life insurance for your old age or to leave a legacy for your children. Whole life insurance premiums stay the same for life. Hence the term “whole life”.

Mortgage Protection Life Insurance is a Term Life Insurance policy that that has special riders that provide for your mortgage payment to be protected if you become disabled or unemployed.

Term Life Insurance is pure profit to the carrier as the majority of term policies are never paid out. Most are cancelled due to the increasing premium costs long before the policy owner dies. Term Life has it’s uses for short 'term' protections for debt and income replacement when you have young children at home or other short term debt obligations. Term can serve to give you peace of mind that your family won't face financial ruin should you die. Term life insurance unlike whole life insurance is not life insurance that will be affordable in your old age.

Saturday, April 5, 2014

Minimum Wage Debate

I recently read this article by Oren Levin-Waldman, Ph.D. ‘The Minimum Wage and those Inconvenient Facts’  at laborpress.org

This sentence in paragraph 10 of the article just jumped out at me "Despite productivity increases, those benefits were not shared with workers in the form of higher wages."

Then I remembered how I had recently heard a financial advisor bemoaning the fact the civil servants were once afforded better benefits packages because as a rule they worked for lower pay than their private sector counter parts and how now they are overall more highly paid than their private sector counter parts. I remember thinking at the time well duh! could it be that their private sector counter parts over the past decade give or take have not been provided the raises that would have kept them ahead of the public sector employees while the public sector, being union for the most part affords small 'step' raises to employees each year?

To find the root cause of the current stagnation of wages and push back from corporate America on the minimum wage debate, you need look no further than the education that the average Business student receives on the way to their BA/MBA. Business schools have taught them well that labor does not have a human face; it is nothing more than another liability on the balance sheet. Lean and mean is the mantra, and by dehumanizing labor they have provided employers with sufficient "justification" to continue to reap the benefits of increased productivity without sharing it with those who actually made it possible in the form of higher wages and benefits. (Unless you are the CEO of course)


Monday, June 24, 2013

You reap what you sow. HR Pros Think Millennials Are Disloyal. REALLY?

Employers over the last 30-40 years have amply demonstrated their abject lack of loyalty to the millennial’s parents.  After years of loyalty from these people they laid them off in droves. Those that managed to keep their jobs saw their health benefits cut or were forced to pay a higher percentage of their pay for decreasing levels of health insurance benefits, frozen pay raises, pensions discontinued in favor of the capricious 401k lie (a boon to wall street a bust for the retirement dreams of thousands) It is almost laughable that these same “HR Pros” have the unmitigated gall to call the millennial disloyal?
Career Article - Infographic Shows What HR Pros Think of Millennials - PRJobForce.com

Saturday, May 25, 2013

I'm Ready Are you?

The most awe inspiring verse in the Holy Scriptures: 
"And I saw a great white throne, and him that sat on it, from whose face the earth and the heaven fled away; and there was found no place for them. 12 And I saw the dead, small and great, stand before God;"                                                                                    
                                                               Revelations chapter 20 verse 11& 12a

Not Ready to stand before God? Learn how to prepare here