Healthy or Wealthy- Why Not Both?

“When people spend their health trying to create more financial wealth, they usually end up spending their wealth trying to regain their health."

-Missed Fortune 101

Consumer-Directed Health Care allows you to have both.

Given the premium savings, tax advantages, and evidence of better outcomes, let’s see how Consumer-Directed Health Care can hellp you to become Healthy, Wealthy and Wise.

Wise: Consumer-Directed plans encourage people to shop wisely for their health care. According to a 2008 Blue Cross Blue Shield Association member survey report, HSA-eligible enrollees “say that they would utilize health care more carefully if they were able to share in the savings of using lower cost providers.” These members are “more likely to exhibit cost conscious behavior” and are “more likely to track and plan for future health care expenses.”

Wealthy: How much can consumers save? A lot. I saved over $500/mo just in premiums with my insurer! And due to huge pricing disparities between providers, this also creates an opportunity for informed consumers to save a lot of money on services, often with better outcomes, in a very inefficient health care market.

Participants in consumer-directed plans have the opportunity to pay a lower premium, save on the cost of services, and pay for out-of-pocket expenses with

pre-tax dollars.

Healthy: A common concern about CDHC is that, without first-dollar co-pays, people will forego needed medical care. On the contrary, HSA-eligible consumers are more likely to seek preventive care and regular checkups and are much more likely to participate in and benefit from a wellness program.

To learn more about Health Savings Accounts and other alternatives to reduce your costs CLICK HERE

Access your No Cost Comparison using the Code: TrueWealth

Breaking the Co-Payment Addiction

Why is health insurance so expensive? It may not have to be.

If we were able to provide you with more information to make better financial decisions on lowering the costs of your health care, is that the type of planning you would want to pursue?

Truth is, patients have a lot more power than they may realize, and by taking the wheel, they can save a lot of money and end up with better results.

But how, exactly, can consumers take control? By getting more involved in their health care decisions, and this starts with removing the co-payments they’ve grown to rely on.

Lower-cost expenses like doctor visits and prescriptions are somewhat predictable and aren’t catastrophic in nature. By definition, they shouldn’t be covered by insurance – instead, they should be budgeted for.

And, at least for now, the government allows people to pay for these services with Tax-Free dollars by setting up a Health Savings Account, or HSA.

But does consumerism really work? Yes. In the next post we will explore how Consumer-Directed Health Care makes people Healthy, Wealthy and Wise.

To learn more about Health Savings Accounts and other ways to reduce Health Care costs, CLICK HERE

Access your No Cost Comparison using the Code: TrueWealth

Two Questions You Must Ask Before Applying to a College

Attending this FREE college planning workshop will reveal little known secrets like this to unlock more free money for college. Learn the two questions you must ask before applying to a school PLUS how to avoid the one mistake more than 91% of all parents make without even realizing it.

The workshops will focus on how to optimize aid from both Federal and Institutional resources. Regardless of your income, assets, or equity, these workshops will show you how to:

• Double or even triple your eligibility for FREE Grant Money.
• Get a private education for the cost of a state school.
• Avoid over 90% of the mistakes most parents make.
• Learn what the admissions office doesn’t want you to know!!!

LESS THAN 4% OF ALL FAMILIES HAVE SAVED OVER $5000 FOR THEIR CHILDREN'S COLLEGE EDUCATION

RESERVE YOU SEATS TODAY!

How Well Do You Know Missed Fortune?

You've read the books, you've visited the website, and perhaps you're even implementing the strategies yourself. Complete this fun cross word puzzle to see how much you really know...

CLICK HERE to View the Puzzle

Sleep Better at Night with Guarantees

In the wake of the last year’s financial collapse, insurance guarantees are in huge demand. In a recent six-month period, 58% of advisors said their clients have inquired about guaranteed investments, according to an August survey by Financial Research Corp., Boston.

In addition, the Federal Reserve’s Flow of Funds report in June indicated that households have been moving significantly more of their assets to safety, and the majority went to Treasury securities, CDs and interest-bearing deposits.

But because of the low interest rates on CDs and bonds, many are turning to insurance products with higher returns and principal guarantees.

Traditional investors are “product-pickers” and “market-timers.” They get emotionally involved in their investing, operating on greed when the market goes up, and fear when it goes down. Furthermore, they invest in products that don’t come with guarantees - stocks and mutual funds and other similar products.

We live in volatile times and have seen the devastating effects of traditional investing, where investors who don’t have guarantees can lose half of their money overnight.

Smart investors will jump off the traditional roller coaster and get guarantees. They must get out of the emotional cycle and into a strategy that works regardless of market performance, allowing them to sleep better at night.

Time is Money - Literally

With all the uncertainty and change in the world, there are some things we can all agree are certain: Death and Taxes.

While there’s no avoiding the fact that we’ll eventually pass away, it is possible to minimize taxes - perhaps even eliminate some of them.

How? By optimizing your assets in savings accumulation vehicles where your money:

1. Accumulates Tax-Free
2. Can be Withdrawn Tax-Free (even before age 59 ½ - without penalty!)
3. Transfers to your heirs Tax-Free when you pass away

This is possible only in one type of retirement instrument:

A properly structured maximum-funded, tax-advantaged insurance contract.

Now is the time to take action and reposition your money from IRAs, 401(k)s and other traditional investments into better retirement vehicles. Why? CLICK HERE

In fact, every 90 days that go by without implementing these specific asset optimization strategies that leverage MFTA contracts can result in a loss of $100,000 or more in future retirement resources when tax savings are calculated into the equation.

Have questions? Contact Us. But don’t wait.

Time is money, literally.

Special Thanks to our good friend and NY Times Best-Selling Author,

Douglas R. Andrew, for contributing this original post on 20 Oct 2009.

True Wealth- Live, Learn, Give and Earn

If you were playing in a golf tournament and had the choice of using Tiger Woods’ swing or his clubs, what would you rather have? I’d rather have his swing.

Most estate planners focus on dividing up the golf clubs and trophies among the family instead of capturing the swing. In other words, rather than dumping fish in your children’s laps, it’s better to teach them how to fish.

Our passion is to help our clients Live, Learn, Give and Earn.

• LIVE- HUMAN ASSETS represent people rather than things, and when fully considered, are of greater worth than our Financial Assets. They include your family, health, relationships, heritage and values.
• LEARN- INTELLECTUAL ASSETS signify the wisdom we gain in life. This is a product of knowledge multiplied by life’s experiences – both good and bad. Intellectual Assets also include our formal education, ideas, and traditions.
• GIVE- CIVIC ASSETS, or taxes as defined by the governmentet, are those assets we put back into society. We define Civic Assets as all contributions, of any kind whether Financial, Human, or Intellectual, that employ our assets in the most efficient manner for the benefit of society.
• EARN- FINANCIAL ASSETS, or wealth is usually associated with the accumulation of assets. Most people usually think of their house, cash, stocks, bonds, real estate, and insurance. These “things” constitute our material possessions.

Traditional Estate Planning focuses on the Financial Assets, which transfers wealth without responsibility or accountability.

True Wealth Planning in its proper role focuses on family leadership. It defines our values and when properly structured it will protect and enhance assets, reduce taxes, enrich values and experiences, and over all create a legacy for generations to come.

By sharing your wisdom, experience and gifts with others, you build a legacy that will last far beyond your years.