Q&A with Strategist Douglas Andrew – the Power of Predictability in Your Financial Strategies

Douglas AndrewQ: When it comes to my financial strategies and my retirement plans what will help me ensure success?

Douglas Andrew: It’s important to ask yourself, “Am I interested in building a life based on predictability, or am I comfortable being subjected to the winds of change?” In examining the after-effects of the 2008 economic crisis, it’s clear that many investors were unprepared, or weren’t aware of how vulnerable and unpredictable the returns on their traditional retirement plans truly were. They met with those winds of change, which for millions of Americans, was a disastrous mistake with far-reaching consequences.

Q: How can people keep their financial mission intact?

Douglas Andrew: The most important value of a solid financial strategy is predictability. But how you do you ensure it? By properly structuring and maintaining proven systems that can help you avoid being sidelined by unforeseen circumstances. When you create predictability, the best results can be achieved with the least amount of effort. [Read more...]

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    Q&A with Douglas Andrew – The Tremendous Value of Personal and Professional Change

    Douglas AndrewQ: Why do people resist change—even if it’s for the better?
     
    Douglas Andrew: In science we learn that elements, energy, water … it all takes the path of least resistance. We’re not much different. We often resist the idea of change because it requires new energy, new thinking, additional effort. And it takes us out of our comfort zones. But this way of living can keep us forever trapped in self-destructive habits; it can prevent valuable growth; and it can keep us from true abundance. Whether we’re looking at our relationships, our careers, or our finances, we are better off when we’re willing to be open to new concepts and take action, step out of the dark into the light, and embrace change.

    Q: How could the resistance to change affect my financial future? 

    Douglas Andrew: If you find yourself resistant to make changes in your financial strategy, you’re not alone. Many people are unwilling to try new financial ideas because it’s easier to just accept what they learned in basic economics or business classes. What’s amazing, however, is to see what happens when people are open to learning various principles of truly smart asset optimization. Once they gain new understanding, it’s much easier to quit following the crowd and start playing their own game. If you’re willing to examine things you may not have known before, you just might be amazed at what you discover … and accomplish … with your financial future. [Read more...]

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      Douglas Andrew Changes How People Think About Growth Through Compound Interest

      Douglas AndrewQ: Why is compound interest such an important element of a retirement savings plan?

      Douglas Andrew: Albert Einstein once defined compound interest as the “eighth wonder of the world.” Financial professionals, such as Tax attorneys and CPAs who have gained a full grasp on what compound interest can accomplish have the information to influence their clients’ futures.

      Q: What is the first marvel to accumulate wealth?
       
      Douglas Andrew: Compound interest is often referred to as first marvel of wealth accumulation.

      Q: What is the second marvel of wealth accumulation?
       
      Douglas Andrew: The next marvel is called tax-favored accumulation. A dollar that doubles each period for 20 different periods will grow to more than a million dollars if it’s tax-free. If it’s taxed-as-earned for someone in the 25 percent tax bracket, it will be worth a mere $72,000. The amount is even less if you’re placed in a higher bracket. [Read more...]

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        Douglas Andrew Says Obstacles Are Merely a Stumbling Block Towards Opportunity

        Douglas AndrewQ: What is the most crucial element of overcoming challenges?
         
        Douglas Andrew: Being the kind of person that can pick out opportunities where others might only see flaws is key to success both professionally and personally.

        Q: How does an upbeat attitude like this affect an individual’s potential in life?

        Douglas Andrew: As Richard Rossi once said, where there’s anxiety there is also opportunity. The challenge for all people is to seize the moment and create their own masterwork despite the various obstacles strewn along their path. This type of charisma and determination is contagious. [Read more...]

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          Douglas Andrew on Pursuing Authentic Wealth After Economic Turmoil

          Douglas AndrewQ: What prompted the recent government shutdown?
           
          Douglas Andrew: The government shutdown of 2013 stemmed from a battle over a new resolution designed to increase the debt ceiling to an unheard of amount of $20 trillion. Each taxpayer would effectively bear responsibility by an extra $20,000 to $30,000 of the national debt.

          Q: How specifically does the American public experience the effects?
           
          Douglas Andrew: The ripple effect on some industries and businesses is considerable. As a whole, this country cannot afford to fund so many different entities. Despite the government’s inability to live within its means, the American people can still make a better future for themselves. [Read more...]

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            Douglas Andrew Discusses the Development and Funding of Max-Funded, Tax-Advantaged Insurance Contracts

            Douglas AndrewQ: What are some common misconceptions about insurance?

            Douglas Andrew: Most people purchase insurance exclusively for the “death benefit.” After the insured party dies, it covers needs such as estate preservation, income replacement and debt protection. When insurance is purchased with this idea in mind, people insure themselves for the maximum amount of death benefit while seeking the least expensive premium. “Death Benefit” is not the sole objective of a max-funded, tax-advantaged insurance contract.

            Q: How does this type of contract work?

            Douglas Andrew: A max-funded, tax-advantaged insurance contract is structured to have the least amount of death benefit and the maximum amount of cash. A Wealth Architect can help determine how much cash can be placed in the contract and the minimum amount of insurance required for IRS tax code compliance. The money within this contract can be available for tax-free loans and can grow tax-deferred. [Read more...]

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              Douglas Andrew Advises Not to Be a Follower with Your Finances

              Douglas Andrew is a highly respected speaker and businessman who has spoken extensively on the topic of personal finance. When it comes to becoming financially successful, Douglas Andrew has noticed one mistake many people make is being a follower.

              Douglas Andrew points to a series of studies in the ’50s called the Asch conformity experiments. In one experiment, televised on Candid Camera, a man stepped into an elevator full of people, all of whom were facing the wrong direction toward the back, Douglas Andrew explains. Instead of facing front as he normally would, Douglas Andrew relates that the man turned in the same direction as everyone in the elevator. In experiment after experiment, a video captured individuals turning in the same direction as the rest of the group, even when it wasn’t rational, Douglas Andrew states.

              This group pressure extends to financial decisions, Douglas Andrew has found. Instead of going against the group and trying something that makes sense, Douglas Andrew has discovered that many people simply follow the crowd. This crowd mentality has most Americans putting money into 401(k)s and IRAs, says Douglas Andrew. [Read more...]

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                Douglas Andrew on the History of Maximum Funded Life Insurance

                Douglas AndrewDouglas Andrew, author of the Missed Fortune series, puts his serious money in maximum funded tax-advantaged life insurance contracts. It’s a process he outlines in depth in the Missed Fortune books and videos. However, Douglas Andrew is quick to point out that this is an idea that has a long history of success, beginning with the 1980s, when E.F. Hutton approached the insurance companies with an idea.

                Hutton, relates Douglas Andrew, saw the insurance industry as a highly lucrative niche that was the backbone of the economy. Another plus to the life insurance industry, as E.F. Hutton saw it then and Douglas Andrew sees it now, is that the legal reserve requirements are significantly greater than those in the banking industry.

                According to Douglas Andrew, E.F. Hutton observed that under section 72(e) of the tax code, cash value grew tax deferred when tucked safely inside a life insurance policy. Douglas Andrew says E.F. Hutton also knew that under 7702 a person can access those gains via loans that were also untaxed. Then, explains Douglas Andrew, at death that money also transferred tax-free. [Read more...]

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                  News on Douglas Andrew

                  Missed Fortune Series from Douglas Andrew Addresses Predictable Rates of Return

                  Salt Lake City, Utah, United States of America (Free-Press-Release.com) August 27, 2012 — Douglas Andrew, founder of Paramount Financial Services and creator of the popular Missed Fortune Asset Optimization program, announces that investors of the 2000-2010 decade have an alternative to traditional financial planning. Douglas Andrew offers the advice that this financial strategy comes in the form of indexing.

                  Missed Fortune Series from Douglas Andrew Addresses Predictable Rates of Return

                  Douglas Andrew, founder of Paramount Financial Services and creator of the popular Missed Fortune Asset Optimization program, announces that investors of the 2000-2010 decade have an alternative to traditional financial planning. Douglas Andrew offers the advice that this financial strategy comes in the form of indexing.

                  Missed Fortune Series from Douglas Andrew Addresses Predictable Rates of Return

                  Salt Lake City, Utah (I-Newswire) August 27, 2012 – Douglas Andrew, founder of Paramount Financial Services and creator of the popular Missed Fortune Asset Optimization program, announces that investors of the 2000-2010 decade have an alternative to traditional financial planning. Douglas Andrew offers the advice that this financial strategy comes in the form of indexing.

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