Start Out Right

make-smart-financial-choicesWhen you’re out on your own for the first time, it’s easy and comforting to rely on advice you’ve heard your entire life: pay yourself first by saving money, don’t incur debt, fund an IRA or 401(k) to the maximum amount every year.

In the 21st century, there is more uncertainty about tax brackets in the future and about the value of real estate than ever before.

Instead of doing what your parents did to save for retirement, take control of your financial future while you are young and start amassing wealth in a new way.

Howard’s philosphy suggests:

  • Start with the foundation of a whole life plan while you’re young — the cost will never be lower and the value for the future is assured.
  • As you need money for major purchases, borrow it from the insurance company, with the death benefit as collateral — this lets you borrow the money from the insurance company without interrupting the compounding of interest and allows for flexible payments.
  • Learn that keeping your assets in your own control (rather than paying down a home loan or funding education with cash) is a better long-term strategy for amassing wealth.

Take the uncertainty out of your future. Email or text Howard Silvermintz – he’ll share some scenarios like yours to demonstrate how this approach can work for you.