WHY A 529 COLLEGE SAVINGS PLAN IS A BAD DECISION If you do the right thing and plan for your child or grandchild’s college education by contributing to a 529 plan, you would expect that to be a good thing, right? However, a 529 is frequently what you shouldn’t do. The truth is, a 529…
ARE ALL ANNUITIES SCAMS? No, but the misinformation about annuities abounds. For example, the public often reads negative articles about variable annuities and lumps all annuities types together. Variable annuities do have high fees, typically 2-3 percent per year, plus the management fees of the mutual funds that comprise the internal investment of a variable…
Tax-deferred Plans Like IRAs and 401(k)s are a Scam! Financial firms are experts at producing an image of providing safe, prudent and unbiased advice. Their offices are often plush and thus produce the image of wealth. They advertise extensively to continue to promote their image as helpful and necessary for your future. But have you…
HOW A CONSPIRACY EXISTED FOR GENERATIONS WITHOUT PUBLIC AWARENESS? To understand the roots of the wealth conspiracy, we must first understand that financial firms are not charitable organizations. They do not exist to benefit society at large. They exist to make a profit. They are essentially sales organizations with financial advisors as salespersons. Their concern…