Everyone is talking about health care. "How could the politicians do this with a strong majority of American in opposition?" This video provides some insight into the never-ending string of government takeovers, and seeing the whole picture is alarming. One lesson from all of this is that … [Read more...] about Is the Health Care Bill a Distraction From What’s Next?
government
The Hidden Meaning Behind the State of the Union Address
I just started watching the State of the Union address on Youtube and was immediately sickened. I guess I should tell you that I've been physically ill since last weekend, but Obama's speech isn't helping. It was way too reminiscent of the scenes in the book (or movie) 1984 where the public is … [Read more...] about The Hidden Meaning Behind the State of the Union Address
Get 5 Steps to Freedom Book on Kindle Now!
Finally! I've received many requests to make the book available in Kindle format. We started working on that about 6 months ago, and as of just a few days ago, it's available. Go here to purchase 5 Steps To Freedom on Kindle. The book is more than financial education... it's an action plan. … [Read more...] about Get 5 Steps to Freedom Book on Kindle Now!
Will Taxes Increase?
I was just listening to a recording of a conference call this morning where a financial planner began his presentation with this premise: Taxes will be increasing in the future I haven't listened to the rest of it because I had to pause it and write this post. I'm sure when I go back this guy will … [Read more...] about Will Taxes Increase?
Hyperinflation Making Preserving Wealth Uphill Battle
2009 is marked as the year hundreds of billions of American taxpayer dollars bailed out poor Wall Street’s big banks, only to see those same banks hit record profits by the end of the year, and much of the bailout money completely lost—never to be repaid, according to a recent report by the TARP … [Read more...] about Hyperinflation Making Preserving Wealth Uphill Battle
The End of Small Business Financing with IRA and 401k Funds? (Part 3)
Ok, now it's time to solve the mystery. (Final Post) [see previous here] In 1978 Jimmy Carter reorganized the government with this order, and this took the issue of retirement account prohibited transactions away from the domain of the IRS and gave it to the Department of Labor (DOL). This fact … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 3)
The End of Small Business Financing with IRA and 401k Funds? (Part 2)
[This is a continuation of a previous post. You should read that one first so this makes sense.] The IRS Responds For the first time ever, the IRS actually addressed the "financing a small business with an IRA or 401(k)" strategy. They called it "ROBS" for "roll over business startup," and issued … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 2)
The End of Small Business Financing with IRA and 401k Funds? (Part 1)
Guidant calls it Audeo. Benetrends calls it Rainmaker. SDCooper calls it ERSOP. It goes by many names and it's gotten a lot of attention from the franchise industry and, as of about a year ago, the IRS. The IRS calls it "ROBS" for Roll-Over Business Startup. What is it? It's a strategy where a … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 1)