About this item
New York Times bestsellerDo you know what your retirement account will be worth on the day you plan to tap into it? Do you know what the tax rates will be for the rest of your life? Do you know how long you're going to live? Most people have no clue...and that's the problem with conventional financial planning: It's based on things you can't predict or control. Wall Street lost more than 49% of the typical investor's money - twice - since the year 2000. And studies show that because they followed the conventional wisdom, almost half of all Boomers won't have enough money to cover even basic living expenses during their retirement years. Now the financial gurus whose advice got you into this mess in the first place are telling you to "take more risk," "work till you drop," and "plan on spending less in retirement.
About the Author
Financial security expert, Pamela Yellen, is founder and President of Bank On Yourself.
Pamela has worked with over 40,000 financial advisors since 1990, helping them build their businesses. Over the course of those years, she investigated over 450 financial products, tools, concepts and methods that were touted as sure bets for growing wealth. Most turned out to be not even worth the paper they were printed on. All this learning the hard way came at a costly financial and emotional price.
Disappointed with the results they were getting when managing their investment program themselves, Pamela and her husband Larry hired three of the country's top investment and planning firms in succession over a period of a decade to manage their retirement account.
These companies were always on the lists of the country's top-ten financial advisors and asset managers. They all charged hefty fees and all three of them lost Pamela and Larry money during a period that included the longest-running bull market in history!
"I began to wonder whether a blindfolded monkey throwing darts could have done as well, or better. My husband, Larry, and I would be in the same boat as so many Americans today--wondering if we'd ever be able to retire, and what we'd have to go without to do it--had we not finally stumbled across Bank On Yourself, which puts a unique twist on a safe and proven financial asset that's grown in value every year for more than 160 years. More than 500,000 families already use it."
The Bank On Yourself method lets you grow your wealth every single year--even when the markets are tumbling. It also lets you bypass banks and other financial institutions and become your own source of financing for your cars, vacations, a college education, business expenses and more. This method of making major purchases even beats directly paying cash, because your money continues growing as though you had never taken it out.
The Bank On Yourself concept can provide a cash cushion and peace of mind to help you weather unexpected medical expenses, disability, job loss, or other emergencies. You don't have to fill out any prying credit applications. You can skip some payments on your loans and no one is going to make intimidating phone calls, repossess your things, or foreclose on you. No late fees and no black marks on your credit report.
Pamela has been interviewed on every major TV and radio network and has written numerous articles and been featured in thousands of publications and websites, including Fox News, Bloomberg BusinessWeek, AARP, the Associated Press, Aging today and many others. She is a professional speaker who has addressed more than 1,000 audiences throughout the US, Canada, Asia and Europe.
Her latest book, The Bank On Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future,
