Wealth For Life with Denver Nowicz

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Syndication

The keys to protecting and preserving your assets when faced with long term care expenses is to know the rules, use them to your advantage and do those things that are allowed. 

Here’s one area to know: Prepositioning

Couples planning often uses prepositioning to achieve benefits for the person in need while preserving assets for the healthy spouse. This can include things such as:

  • Paying off the mortgage.
  • Paying down or off a vehicle or replacing one.
  • Home repairs and home modifications for care
  • Medicaid friendly annuities

Also, having the right tools is essential:

  • Legal documents allow spouses and children to be able to act.
  • Power of attorney - financial
  • Power of attorney - medical
  • Metal health power of attorney

Children also need to be actively involved in the process:

  • Know where documents are (including marriage license!)
  • Know what documents will be needed should an application for assistance be necessary
  • Know what the health issues are
  • Know when not to assist in covering expenses

Without knowing the rules, poor planning can result in complete liquidation of the marital estate. Experts can not only guide you in the rules but often assist in the process as well.

 

For more information contact Charles “Mike” Dyer at (602) 254-6008 or visit http://www.dyerferris.com/

Direct download: WEALTH_FOR_LIFE_PART_02_10-05-14.mp3
Category:Investing -- posted at: 3:14pm MDT

When it comes to large expenses, buying a new or used truck can certainly fall into that category. Recently my wife and I bought a new truck and Rob Murray of Peoria Ford was able to help us save over $10,000 on a new truck for sale. He share his best truck buying money saving tips in this episode. You can view all the info here: http://wealthforlife.net/

Direct download: How_to_save_10k_on_a_truck_for_sale.mp3
Category:Investing -- posted at: 10:53pm MDT

The market has certainly recovered since the bottom of 2008. Unfortunately, some people missed out on the recovery because they were worried about losing.

This is understandable given the roller-coaster of the last 10 years. But, cash sitting on the sidelines is losing potential interest. These are real losses just like market losses.

Instead, look for strategies that protect profits and still have steady growth.

Call us with any questions at 480-970-5663.

For info on top wealth building strategies: download the free ebook we mentioned in the show here:

http://wealthforlife.net/profit-protection-high-markets-part-2/

Direct download: wfl_podcast_timing_segment_2_6-2014.mp3
Category:Investing -- posted at: 4:49pm MDT

Over the last 14 years the markets have hit all time highs three times: March 2000, July 2007, and roughly where we are at now – June 2014.

 

What if you had turned 65 and decided to retire in the year 2000?

As you’ll see in this video – the market ups and downs forced “Joe” – who had planned to work until age 65 – to work all the way to age 78.

You can watch the video here:

http://wealthforlife.net/how-the-stock-market-can-make-you-work-an-extra-13-years/

Learn strategies to take your gains off the table and protect what you have from losses.

Call us with any questions or to schedule a meeting: 480-970-5663

Direct download: wfl_podcast_timing_sement_1_6-2014.mp3
Category:Investing -- posted at: 4:23pm MDT

We have compiled our top economic charts for the start of the second quarter. This should give you a brief over of what direction the economy should go.

Check out the charts at http://wealthforlife.net/economy-april-2014-part-2

 

Or click on the extras section on your phone or ipad app.

Direct download: mkt_recap_qtr_1_2014_pt_2.mp3
Category:Investing -- posted at: 6:14pm MDT

Here are the top economic numbers from the first quarter of 2014

 

In case you missed the headlines, here is brief recap of what has happened with the economy so far in 2014.

In the second segment we will go over the economic outlook for the next 12-18 months. 

Direct download: mkt_recap_qtr_1_2014_pt_1.mp3
Category:Investing -- posted at: 6:01pm MDT

We know the market operates the way it does. However, we can lose money by just sitting on the sidelines. There are certainly ways to grow your wealth and have protections.

Click the link below to get the free eBook we mentioned on the show:

“The Successful Professionals Guide to Wealth For Life”

http://wealthforlife.net/spguide/

Low cost index funds will have less turnover and trading frequency than other options and will not be impacted as much by high frequency trading.  

Insurance products such as indexed universal life and fixed index annuities will also use Index Crediting Strategies that will be insulated from high frequency trading and will also offer protections from market losses.  Watch this video to learn more:

http://wealthforlife.net/growing-money-protecting-losses/

 

Call us any time with questions: 480-970-5663

Or contact us online: http://wealthforlife.net/consultation/

Learn more on a live webinar: http://wealthforlife.net/webinar/

Direct download: Radio_HFT_2_mp3.mp3
Category:Investing -- posted at: 9:02pm MDT

The U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis, author of a new book on the topic, "Flash Boys: A Wall Street Revolt."

High-frequency trading (HFT) is a practice carried out by many banks and proprietary trading firms using sophisticated computer programs to send gobs of orders into the market, executing a small portion of them when opportunities arise to capitalize on price imbalances, or to make markets. HFT makes up more than half of all U.S. trading volume.

In this show we discuss what it means for you.

Call us any time with questions: 480-970-5663

Or contact us online: http://wealthforlife.net/consultation/

Learn more on a live webinar: http://wealthforlife.net/webinar/

 

 

Direct download: Radio_HFT_1_mp3.mp3
Category:Investing -- posted at: 8:52pm MDT

Since we have seen how long bear markets can last and that most investors don’t have a 100+ year time horizon, we need to plan for bear markets that could fall into your peak saving years and income years.

There are strategies to overcome this and keep your wealth growing using real estate, investments and insurance products. Today we will focus on the using index crediting strategies in insurance products.

Check the extra section to view the chart mentioned in this episode or click here:

http://wealthforlife.net/market-trends-affect-wealth-part-2-2/

Compare the time frame in the chart below to the Dow jones chart in the previous post:

http://wealthforlife.net/radio-show-market-trends-affect-wealth-part-1/

Keep in mind the above results are based on a specific cap and floor and which can vary and change based on current rates. Also, the numbers are gross historical crediting rate before fees and cost. Same goes for the Dow chart regarding fees and costs.

Call us any time with questions: 480-970-5663480-970-5663

Or contact us online: http://wealthforlife.net/consultation/

Learn more on a live webinar: http://wealthforlife.net/webinar/

Direct download: market_trends_pt_2_-_mp3_show.mp3
Category:Investing -- posted at: 11:36am MDT

History shows that the equity market enters long periods of high returns, followed by lengthy periods of lower ones. These periods are called secular trends. There are two kinds of secular trends:

A secular bull market, or upward-trending market, occurs when each successive high point is higher than the previous one.

A secular bear market, or downward-trending market, occurs when a trend does not rise above the previous high.

We have had four bear markets that lasted 18 years, 25 years, 17years and 11 years.

Over the last hundred plus years, the stock market has rewarded some investors with long-term growth. But for most investors, a realistic time horizon is 10 to 20 years—not more than a century.

What happens if your peak saving years come during one of these long term bear flat markets?

Check the extra section to view the chart mentioned in this episode or click here:

Market Trends Chart

Call us any time with questions: 480-970-5663480-970-5663

Or contact us online: http://wealthforlife.net/consultation/

Learn more on a live webinar: http://wealthforlife.net/webinar/

Direct download: market_trends_pt_1_-_mp3_show.mp3
Category:Investing -- posted at: 10:54am MDT

In this final segment we discuss how to take chunks of money you have saved and create income for life. The younger you start this process the better. The great fiction you hear from financial media is that when you are young you need to be aggressive.  This is not based on any fundamentals and not is it true. There is no one-size-fits-all advice.

When you start young using safe vehicles you can create incredible income streams down the road. The idea of building a strong financial core first, then taking risk later is more appealing to many young professionals.  

You can learn more by downloading the free eBook: The Successful Professional Guide to Wealth For Life.  Get the book by clicking the link below:

http://wealthforlife.net/spguide/

Check out the video we mentioned in the show: The Great Annuity Deception

http://wealthforlife.net/great-annuity-deception/

 

Also, enjoy our 1980’s music intro! What movie does that remind you of?

Call us any time with questions: 480-970-5663

Or contact us online: http://wealthforlife.net/consultation/

 

Learn more on a live webinar: http://wealthforlife.net/webinar/

Direct download: Build_Income_Streams_part_3_of_3.mp3
Category:Investing -- posted at: 4:00pm MDT

Build income streams you can access before and after age 59.5. Also have multiple sources of capital you can access without restriction (like you will find in 401k/IRA). This can give you better access to your money to handle the ups and downs of life. 

In this segment we also go over specific case studies comparing income streams from defined benefit plans and 401ks to tax free income from indexed universal life insurance plans. Successful professionals are increasingly building alternative income streams they can access before traditional retirement age.

You can learn more by downloading the free eBook: The Successful Professional Guide to Wealth For Life.  Get the book by clicking the link below: 

http://wealthforlife.net/spguide/

Check out the video we mentioned in the show: The Great Annuity Deception

http://wealthforlife.net/great-annuity-deception/

 

Also, enjoy our 1980’s music intro! What movie does that remind you of?

 

Call us any time with questions: 480-970-5663

Or contact us online: http://wealthforlife.net/consultation/

Learn more on a live webinar: http://wealthforlife.net/webinar/

 

Direct download: Build_Income_Streams_par_2_of_3.mp3
Category:Investing -- posted at: 3:37pm MDT

Income planning is not just for retirement. What happens if you want to access your money early and everything you have saved is in a 401k? With the exceptions of emergencies you are stuck until you reach age 59.5 in most cases.

What if you want to go part time or start a business? What if you get laid off and can replace all your income? Having income streams you can access without the government penalties could be a good idea to incorporate in your planning process.

You can learn more by downloading the free eBook: The Successful Professional Guide to Wealth For Life.  Get the book by clicking the link below:

http://wealthforlife.net/spguide/

Also, enjoy our 1980’s music intro! What movie does that remind you of?

Call us any time with questions: 480-970-5663

 

Or contact us online: http://wealthforlife.net/consultation/

Learn more on a live webinar: http://wealthforlife.net/webinar/

 

 

Direct download: Build_Income_Streams_part_1_of_3.mp3
Category:Investing -- posted at: 3:27pm MDT

If you have problems watching this video you can view it on our website here:

http://wealthforlife.net/great-annuity-deception/

Annuities can be a great way to create income for life. But not all annuities are good and consumers are not being told about what can go wrong with the vast majority of annuities sold in the market today.

In a nutshell, when you are using annuities for income streams most will have a level or flat payout. Meaning your income stays fixed for the rest of your life.

No increases in income ever. But what about inflation!!! This can seriously erode the buying power of a level payout. Yet in most discussions about annuities this issue is not even addressed while it could be one of the most important. 

Let us know what you think of the video!

Visit http://wealthforlife.net for more info or call us anytime at 480-970-5663.

 

 

Direct download: Annuity_Deception_HD.mp4
Category:Investing -- posted at: 3:21pm MDT

Markets are high – now what?

Before the market crashed in 2008, very few in the financial media were recommending take your gains and go.  The system doesn’t work that way. Today people are worried about losing what they have gained in the latest recovery.

We will also discuss a recent article: “Why many Americans no longer tolerate risk.”  This traces the history and development of Wall Street’s favorite tool – the risk tolerance questionnaire. Was it created as a well-researched planning tool or a marketing tool to sell more investments?

You can read a copy of the article on our website or view the pdf in the extras section on the app.

Call us anytime with questions: 480-970-5663480-970-5663

 

Or contact us online: http://wealthforlife.net/consultation/

Direct download: wfl_strategies_-_protect_podcast.mp3
Category:Investing -- posted at: 2:39pm MDT

Is there such a thing as a “Retirement Tax Bracket”?  

It is important to plan for and remember that when you take money out of a 401k or IRA, 100% of that withdrawal is counted and taxed as ordinary income. The entire amount counts toward the tax calculation.

If you haven’t planned for the cost of taxes during retirement it could potentially cause you some big problems.  If taxes go up you could pay more in taxes. If you need a large chunk of your own money for emergencies or just to use as you choose – you could end going into a higher tax bracket and getting hit with the full force of the U.S. tax coded.  You could be faced with tax rates of 25% to 39% depending on your income and withdrawals during retirement.  

A better approach is to take a balanced approach and save into taxable and tax free vehicles. You might not want to go all in on deferring the taxes you until retirement.

Indexed life insurance can be a great way to create tax free income. It is low cost long term and can allow you to access money before age 59.5 if you want to retire early. 

You can learn more about creating taxing free income at http://wealthforlife.net

Call us anytime with questions: 480-970-5663

 

Email Denver Nowicz at Denver@wealthforlife.net          

Direct download: STE-023_tax_free_-_full_show_mp3.mp3
Category:Investing -- posted at: 1:17pm MDT

Matt and Denver discuss why creating tax free income is easy to do. Unfortunately,  most professionals are not receiving this advice.  This could end up costing them a fortune down the road.  Learn strategies to create tax free income now. Learn more at wealthforlife.net. 

Category: -- posted at: 6:39pm MDT

A good indexed life policy can provide a lifetime of tax free wealth and protection. Unfortunately, not all policies are good and there are some common mistakes to avoid. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.

Direct download: What_to_look_for_in_indexed_life_insurance_and_mistakes_to_avoid.mp3
Category:Investing -- posted at: 6:49pm MDT

Should you delay paying your taxes until you retire? If you didn't know, you are already doing this in your 401k, IRA or defined benefit plan. Caution: You could pay more by waiting. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.

Direct download: The_tax_dilema_-_pay_now_or_pay_more_later.mp3
Category:Investing -- posted at: 6:48pm MDT

Learn the differences between indexed universal life insurance, whole life and variable life. Which one has the highest yield for the price? Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.

Direct download: The_difference_between_indexed_life_and_whole_life.mp3
Category:Investing -- posted at: 6:46pm MDT

What are you doing to create tax free income? There are three basic ways to create tax free income. In this show we discuss a brief overview. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.

Direct download: Taxable_or_Tax_free_-_3_basic_ways_to_get_tax_free_income.mp3
Category:Investing -- posted at: 6:41pm MDT

Are big gains possible in indexed universal life insurance? Plus learn about our background and wealth building philosophy. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.

Direct download: Our_Background_-_Upside_Potential_with_Protection.mp3
Category:Investing -- posted at: 6:41pm MDT

People love the tax free income from indexed life insurance but setting it up wrong can cost you. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.

Direct download: Indexed_life_insurance_policy_costs_and_charges.mp3
Category:Investing -- posted at: 6:39pm MDT

How to use indexed life insurance to be your own bank, create additional liquidity and maximize tax advantages. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.

Direct download: How_can_business_owners_use_indexed_universal_life.mp3
Category:Investing -- posted at: 6:37pm MDT

Learn how having a "floor" can protect your wealth from market losses and allow you to have real growth instead of just recovering from market downturns. The indexed life insurance advantage. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.

Direct download: How_to_have_real_gains_vs_just_recovering_from_losses.mp3
Category:Investing -- posted at: 6:37pm MDT

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