By TCI Incorporated - CDL Truck Rental Services November 08, 2010
Thanks for connecting to our network! I will be sure to send referrals your way! I wish you continued success in your business! If there is anything we can do to be of service to you, feel free to contact us at www.getacdlnow.com. Ray ...read more
By Jordan July 02, 2009
The employees are the shining stars at this buisness. Each and every one comes to work with a smile. No problem is too big or too small. ...read more
Are you guilty of trying to "Keep up with the Joneses?" You know what I mean. You see your family, your friends, your co-workers and your neighbors buying big houses and expensive new cars all the time. You think they are living the high life. You feel like you are missing out on something if you don't have the big house and the fancy new cars. So you try to keep up with them by buying expensive new cars, the big house and all the toys. Do you know how many of the "Joneses" are living paycheck to paycheck? Do you realize how many of the "Joneses" are just one financial hiccup from financial ruin? Have you ever looked at the financial health of the "Joneses" to see what this type of lifestyle is costing them? Let me try to put this into financial terms so you can see what this type of lifestyle could be costing you. Let's start with the cars. Let's assume that the Joneses are buying a brand new $30,000 car every 5 years and financing it at 6%, then trading it in and financing $30,000 again, repeating this every 5 years. What if instead you bought that same car when it was 2 years old for $12,500, financed it for 5 years at 6%, but you own it for 80 months. You invest the difference in payment at a conservative 5% return (in a special vehicle that allows you grow your money without the risk of loss and you can borrow money from yourself instead of the bank) for 60 months and the entire payment for the remaining 20 months then you buy another car and finance $12,500 for 5 years, repeating this every 80 months. Next let's assume you do this for 40 years for both the husband and wife. Do you know how much money you lost after 40 years? $1,415,394!!! That could produce a guaranteed lifetime of income of $84,923 per year. In the immortal words of Harry Caray "HOLY COW!" Those are some expensive cars. Wait a minute, maybe you are older than 30 so you don't have 40 years to build wealth. If you could do this for 30 years the numbers are $756,143 in cash and perhaps $45,368 in guaranteed lifetime income and if you only have 20 years to change this behavior it's still $403,156 and $24,189. Pretty significant money we are talking about here, isn't it? Could $84,923 or $45,268, or $24,189 in annual income every year for life in retirement let you enjoy your golden years more? What would you miss out with this strategy? Instead of buying that car brand new you get it when it's just two years old and you keep it an extra 20 months. Oh the humanity! What a sacrifice that would be! (Please note the sarcasm dripping from that content.) Remember that these numbers are assuming just a 5% return! Another aspect of "Keeping up with the Joneses" would be owning a bigger house. Just a $100,000 difference in price, investing the difference in payments for 30 years at that 5% return would be about $750,000, but could push that to $1,000,000 with a strategy change at year 15 where your returns could be guaranteed at 7% for the last 15 years of wealth accumulation. That could produce a guaranteed lifetime income of $60,000. What would you give up for that $100,000? In Kansas City you would likely go from a 4 bed, 3 bath, 3 car garage 2,500 square foot house to a 3 bed, 2 bath, 2 car garage 1,500 square foot house. Wow, that's almost like being homeless. I'm sure you kids would call the Division of Family Services because you are mistreating them. (Sorry, that's my sarcasm gene kicking in again.) The point is this, if you will quit trying to keep up with the Joneses for the next 30 years we could find a way for you to build up to an ADDITIONAL $1,750,000 or more that could generate a lifetime income up to $105,000 or more on top of all your other sources of income. You may not need that much and that's fine, but it is much better to have that money and not need it than to need it and not have it. If you didn't need that much money there are many things you could do many things with that additional money, the key is that your financial future is much more likely to be a successful one and perhaps you can retire and do all the things you want to do in retirement. This could make sure you never have to move back in with your kids in retirement. To put a cherry on top of this, there is a way to make this income in retirement TAX FREE and under current tax law it wouldn't even help make your social security income taxable! I have a huge question to ask you. Take your time before you answer it, because your future is riding on the answer: Is what you are currently spending your money on more important than protecting your family, saving for your kids' college education or saving for your retirement? Is it time for you to look at ALL your options on how to handle your financial life? Is it time to have a financial pro working FOR YOU to get you straight answers to all your financial questions and has a great ability to bring safe, smart, and tax advantaged alternatives to the table? If you are ready to protect your family, build wealth safely, and reduce your taxes then emailkurt@financialpro4theaveragejoe.comand let's see what we can do! I have information that I know will change you and your family's lives forever, and if you don't know this information then you and your family are in serious financial jeopardy. ...read more
By KJ Financial June 21, 2010
Is the 401(k) Dead? Wow, not beating around the bush with that question! The 401(k) was never really designed to be the end all be all for your retirement. It was supposed to be one leg of a three legged stool that also has Social Security Income and your additional savings. It was supposed to replace the "pension" that many companies once provided for their employees. Is the 401(k) really working? Well the average amount in 401(k)'s are around $69,000. That is pathetic, $69,000, really? The government has sold it to us as getting tax breaks when you put money into it, it grows tax DEFERRED, and when you take it out you'll be in a much lower tax bracket. So let me see if I get this, you put money into an investment expecting it to grow into a very sizeable amount to give you enough money (combined with your other sources of income) and your taxes are going to be lower? That just doesn't make sense. Do you expect tax rates to be lower in the future? I've met financial pros that think so, but we currently have $13TRILLION in debt, that's more than $40,000 per person in the U.S. We are expected to be above $19TRILLION in 2015 and people think tax rates will be lower, seriously? So if it makes sense that tax rates will likely be higher would it make sense that the only way we would pay lower taxes in retirement is if our incomes are low? Hmm, do you WANT to retire with a lower income? I know I don't. If you were a farmer would you rather pay taxes on your seeds or on your harvest? The seeds cost a lot less than what your harvest will bring in revenue, right? So wouldn't it make sense to pay tax on the lower cost seeds? So would you rather pay tax on the money you are putting into your retirement account (seeds) or pay taxes on the money you pull out of the retirement account (harvest)? Taxes are strike one against the 401k! Next, is money inside your 401k safe? I'm sure that you didn't lose any money from 2007-2009 or even in May of 2010. Oh, wait, you did? But wait, the talking heads are saying that 401k balances are higher today than they were before the market decline in 2000-2002. Hmm, did you STOP putting money in your 401k the last 10 years? You kept putting money in and so did millions of other Americans so the reason there is more money in 401k's today than 10 years ago isn't because of the market it is higher IN SPITE of the market thanks to YOUR money. Hmm, I wonder what would have happened if you had the ability to have your money in accounts that didn't lose money when the market was down? Unfortunately, 401(k)'s just don't have safe options inside them. So no safety means too much risk in the 401(k)…Strike Two! Do you know how much money your 401(k) loses every year to costs? I'll wager that you don't know all the costs. As far as investments go 401(k)'s are a huge revenue producer for the companies that provide them. Since most of what is inside 401(k)'s are mutual funds they are able to disguise or even hide your true costs. Plus when you are putting money in and your employer is matching it is really difficult to calculate what the "TRUE" costs are and that is just how they like it. Just to give you an idea of what a 1% cost could mean to you over a 40 year working life. To make this simple let's say your gross return was 6% per year and you were putting in a total of $1,000 in per month ($500 from you and $500 from your employer.) If we assume a 1% cost your return would then be 5%. $1,000 per month for 40 years earning 6% gives you $1,991,491 $1,000 per month for 40 years earning 5% gives you $1,526,020 That's $465,471 LESS (23% less) because the cost was 1%. Even though I used a 1% cost I think if you could find out the true costs inside your 401(k) you will find it is more than 1%. You have a high cost vehicle here that isn't safe when there are multiple safe vehicles with cost structures that are lower yet your employer and the 401(k) industry isn't providing them. Hmm, I wonder if it's because they wouldn't make as much money? Having a high cost structure thus hurting your ability to grow your wealth… Strike Three YOU'RE OUT! There are safer options, possibly better options to build your wealth, options that give you easier and cheaper access when YOU need the money. If you would like to review if a 401(k) is the best option for you or if you should restructure your retirement savings then email me atkurt@financialpro4theaveragejoe.com. I have information that I know will change you and your family's lives forever, and if you don't know this information then you and your family are in serious financial jeopardy. ...read more
By KJ Financial June 18, 2010
Would You Sleep Better at Night if You Could Receive a Guaranteed Income for Life? Welcome to the third installment of our Would You Sleep Better at Night series. Today we ask if you would sleep better at night if you had a plan to give you income that you will not outlive- GUARANTEED? I realize that you may be asking, how in the world can I do that and why haven't I heard about this before? I fully believe that the Average American hasn't heard about this because Wall Street and the Banks don't want you to know about them. Even if you have heard about them, Wall Street and the Banks have developed entire training programs specifically designed to make these options look bad. I believe that they go as far as to where they are untruthful about these products when they sell against them. Don't worry, I am here to help you find the "truth" about the options that are out there that can safely guarantee you an income for life. Wall Street's model for retirement income is to spread your money across asset categories in an attempt to "mitigate risk." Hmm, mitigate risk, does that mean you eliminate risk? No it does not. It means they are trying to minimize risk not eliminate it. If you look at the results of these "diversified portfolios" designed to "mitigate" risk they still lost 25%, 30%, 40% or more in the most recent market turndown. If you read the second installment in this series you know that the POWER OF LOSS is huge and if you are in retirement that is the absolute worst time to suffer a loss. The good news is you don't have to have your money at risk. If you look at Wall Street's plan for your retirement says that the most money you can take out of your portfolio and still have a chance to make it to retirement is 3.5% or 4.0%. Let's see how that could play out if you were say 70 and ready to pull money out of your retirement portfolio. Assuming you had $500,000, (a high number on 9% of current retirees have that much or more 9%- that's horrible) Wall Street's plan might allow you to pull 4.0% out and increase it by the amount of inflation each year, but if you lose money your income would have to go down or you increase the risk of running out of money. Your $500,000 would generate $20,000 in annual income. One model of guaranteed lifetime income allows 6.0% of that $500,000 to be pulled out at age 70 and guaranteed for life… that is a $30,000 in annual income. Wow, it's 50% higher than Wall Street's model that can't guarantee you will have enough for life and you will have to take less income if the market goes down. If inflation was 3% and your Wall Street account didn't suffer any losses it takes about 13 years to have your income go up to $30,000. At the age of 83 your income would be where it began and stayed with the one particular vehicle we used in this example. Now if the market was up all 13 years there would be opportunities to take more income from your Wall Street account, but they still wouldn't be guaranteeing you a lifetime of income. That seems risky to me, how about you? As a side note with the "guaranteed vehicle" if the market was up 13 years in a row there is an excellent chance you could be taking out more money too, because your account balance would have likely gone up. There is a different vehicle that at 70 might start at 5.5% of your $500,000 or $27,500,BUTit allows your income to go up as the market goes up to a maximum level and will not let your income drop when the market is down. For a rough example, assuming over a 5 year period the market was up 7%, up 6%, down 20%, up 9% and down 10% the income each year would be as follows for the guaranteed vehicle that allows income to go up when the market is up and doesn't go down when the market is down: (the 5 year total market is down about 11%) 1. $29,425 2. $31,190.50 3. $31,190.50 4. $33,997.65 5. $33,997.65 Whereas with Wall Street, assuming a 3% inflation rate could look something like this: 1. $21,218 2. $21,854.54 3. $16,393.11 4. $17,193.10 5. $14,765.43 You would have approximately $344,000 remaining in your account after 5 years. Basically, I kept taking 4.0% of your new balance and adjusted it up 3% for inflation. Which plan would you prefer? Oh wait, that $344,000 balance didn't include any costs to "manage" your money by your Wall Street based advisor. That could knock it down another 1% or more each and every year so instead your account would have been up 6%, up 5%, down 21%, up 8% and down 11%. I won't go into how much that cost you if you want to know more about the numbers just emailkurt@financialpro4theaveragejoe.comand I'll be happy to go over them with you. Both the "guaranteed" accounts don't have your income impacted by costs. I'm not saying there aren't costs, everything has costs it is just that they are impossible to predict, they don't impact your income, but they would impact the amount in the account that is left to your heirs if you die prematurely. Keep in mind that if you outlive the money in your account they still give you income until you die. Something Wall Street doesn't offer. If you want to know more about options that could very well be much better for you then email me atkurt@financialpro4theaveragejoe.comand I'll be happy to discuss them with you. ...read more
By KJ Financial June 17, 2010
Most investors can get started with creating a portfolio by paying off debt and saving money for investments. Most investors want a high performing investment portfolio. If you are planning to invest, then you will need to develop strategies and objectives. ...read more
Are you looking for a good investment tip? By searching the Internet you can explore investment companies by visiting their websites and signing up for their newsletters.The newsletter can provide you with up to date tips on smart investment leads. ...read more