by Michael Isom | Jun 24, 2022 | Thoughts on Financial Security
I have said this before, but I want to make sure all are aware: There is no Tax Savings when you invest in a 401K, IRA, Sep Simple, or another qualified plan.Taxes are deferred & there is no guarantee they will be less in the future when you take money out of the...
by Michael Isom | May 17, 2022 | Thoughts on Financial Security
For years I wanted to be wealthy.Live wealthy.Be wealthy.Understand money. I wanted to know exactly what the big financial institutions knew about money.How it worked.What the financial institutions do with money is the exact opposite to what they teach us to do with...
by Michael Isom | May 10, 2022 | Thoughts on Financial Security
Imagine for a moment that when it comes to financial planning and overall financial strategies that money was not the primary reason nor excuse as to whether you did or did not do something. This to me is Financial Freedom. Money not being the primary reason nor...
by Michael Isom | May 3, 2022 | Thoughts on Financial Security
Imagine for a moment being out in a sail boat with a small sail. How fast would you be moving?How efficient would that be? It’s about efficiency.It’s also about leverage and utilization. MEC’s in a life insurance policy.A Modified Endowment Contract is a tax...
by Michael Isom | Apr 26, 2022 | Thoughts on Financial Security
With all the uncertainty in the market today. people are wanting something other than all that market volatility. It’s important to recognize that having some uncertainty in our lives is healthy. Healthy? Yes, healthy. You see each and everyone of us have four basic...
by Michael Isom | Apr 21, 2022 | Thoughts on Financial Security
At an early age in life, I had a strong desire to produce.7th grade to be exact. Cycletown Yamaha. This is where my love for Motorsports came into play.Imagine a 7th grader being able to ride the bikes around, work on them and just be around them daily. Haha, I loved...
by Michael Isom | Apr 14, 2022 | Thoughts on Financial Security
Did you know the high bracket for Federal income tax in 1913 was 7%?Today it’s 37%. What about the time in between 1913 and today? That 7% high rate lasted for three years. Then it went to 15%.Then… make sure your sitting down for this next part. It then went to over...
by Michael Isom | Mar 31, 2022 | Thoughts on Financial Security
“What is a good traditional IRA to get now before tax time?” That was the question I got via messenger just 2 days ago from a friend of mine. Me: Hey John, there is not one.Why do you think you want one?—John: to save some money on paying this tax...
by Michael Isom | Mar 24, 2022 | Thoughts on Financial Security
Today more than ever I see people violating this. Violating Principle. And then they wonder WHY? Why am I not getting ahead with my money?Why am I not making the amount of money “I ought to be making”?Why am I not happier than I am in my money life?Why am I always so...
