Monthly Archives: June 2016

Retirement Planning: Stop Taking Deductions and Start Doing This

It isn’t what you make. It’s what you keep that matters. A penny saved is a government oversight, but the individual who understands the tax code the best keeps the most money.

And your CPA probably isn’t that person. Accountants are not trained to help you figure out which deductions apply to your situation. At the end of the day, you alone are responsible for what the CPA files as a tax return. Your CPA may not be able to save you money, but he can bleed you dry if he testifies against you in an audit. Never… ever… never hire a CPA directly.

Of course, the last thing you want is for the IRS to find you “cooking the books” or working in the gray area of the tax code. No, you don’t have risk being audited to save on taxes. Instead, it’s much easier and more effective to avoid taxable events  altogether.

Let’s look at how a Traditional IRA or 401(k) gets taxed. Both of those structures deposit your money tax-free. Then, you are taxed at withdrawal during retirement. For example, if you earn $5,000 per month and you deposit $500 of that into your 401(k), the IRS can only tax you for $4,500 of earned income. The extra $500 goes straight from your employer’s account into your 401(k), tax-free. When you draw from your 401(k) in retirement, you are taxed as if you were still earning an income.

What’s wrong with this scenario?

To start with, we don’t know what tax rates are going to be in 10, 20, or 30 years. They could be less, the same, or more than 2015 tax rates. We don’t know. But if you had to take an educated guess based on an exploding Federal debt, what would you guess? If you guessed that taxes will be more 10-30 years from now, you’re probably right. Someone has to foot that bill, and it doesn’t make sense for Washington to wait to raise tax rates once Baby Boomers are no longer contributing their wealth, which makes up a significant part of income in the U.S. The younger, much smaller next generation of American workers simply doesn’t have the kind of “buying power” that can turn around the debt crisis.

Your Disappearing 401(k) Retirement Fund

The Curious Case Of Your Disappearing 401(k) Retirement Fund…

(And The 5-Word Solution To Make It “Re-appear”)

Disappearing 401k Harbor InstituteThe year was 2008 and for most people, who relied on their 401(k) as a source of their retirement nest egg, it was a terrible year.

Many people lost 30, 50, even 70% of their funds in one short period of time during this historic market crash.

We don’t want you to have to relive the past, of course.

Following the correct blueprint can help you avoid losing any part of your precious nest egg and protect your retirement fund.  Part of any reliable blueprint should also increase the chances of you multiplying the wealth inside your 401(k) fund.

But sometimes, even blueprints can leave critical details out.

How to follow the “perfect blueprint” and STILL lose part of your 401(k) fund?

You don’t want to make the mistake of checking boxes, selecting options, and then turning your 401(k) form in and then leave the rest to chance.

So what do you do?

It’s critical that your 401(k) gets updated at least twice a year to reflect changes in the current market.  But even then you can follow the perfect blueprint, and get all the information about the markets you want.

You’ll even make changes to your fund … only to hemorrhage money anyhow.

How does that happen?

By participating in a wealth system designed to make you poor.

The fact is: your IRA or 401(k) is a financial product. And just like any product in the market – from milk to a Lexus – there’s a price tag. And you may be paying much more than you’d expect – to fund your retirement.

Even worse, that “price tag” can’t be found anywhere on your monthly 401(k) statement.

The good news is we’ve found the person who can help you discover this price tag.

Who is it?  And how can you find this “hidden price tag”?

The 5 secret words to ask your broker, so you can quit paying “the hidden 401k price tag”…

The majority of account holders still don’t know they’re being charged this hidden price tag. And those who do don’t realize how big of an impact it’s making on their retirement.

If Ben Franklin were still around today, he might say that “nothing can be said to be certain, except death, taxes, and the hidden price tag on your retirement.

So what should you do if you don’t know the impact of this “price tag” on your 401(k)?

Here are 5 secret words that will force your plan administrator to spill their guts:

“I want a fee audit.”

This is the ONLY way to find out exactly what you’re paying to your broker. These fees are taken “off the top,” so you won’t find them on your monthly statement.  Now, you can reclaim them.

For more details, and to understand how to get the most out of your 401(k), get a copy of our related report by clicking the link in the box below.

Obviously, having the proper guidance and advice when it comes to protecting your retirement is a large and complex topic.

This article only represents a small sliver of the immense volume of tactics, strategies, and retirement-securing knowledge we offer our Members.

Fire Your Broker and Earn 25% Higher Returns

Do you know how much money your 401(k) is costing you?

If you’re like most Americans, this might seem like an unusual question. Most of us associate investment accounts with making money, not spending it.

The fact is: your IRA or 401(k) is a financial product. And just like any product in the market – from milk to a Lexus – there’s a price tag. And you may be paying much more than you’d expect to fund your retirement.

Financial products are paid in fees. For example, loans charge interest. Even free checking accounts make money on overdraft fees.

Of course, it’s easy to understand your mortgage statement. You owe an amount in principal and another amount in interest. And if you make the minimum payment, you can expect to pay off your loan on a specific date.

It’s not so simple to understand a 401(k) plan. An AARP survey [1] showed that 65% of 401(k) contributors were completely unaware they were paying fees to begin with.

Perhaps one reason is because financial service providers don’t post fee information in the expected places. 401(k) fees come “off the top,” which means they aren’t documented in your monthly statement.

You’ll have to dig a little bit deeper if you want to find out what is really stunting the growth of your nest egg. A good place to start is by requesting a “fee audit” from your company’s 401(k) plan administrator.

Buyer beware: If you’ve ever felt like your 401(k) should be making more than it actually is, that’s a red-flag that you’re paying too much in fees.

Here’s what you need to watch out for…

3 fees that can shred your 401(k) returns

Below are the three most common fees that brokers charge. These are only the basic fees, but some plans charge “advertising & marketing fees” as well as others. As you’ll see, some fees are necessary. Others exist for the sole purpose of making the financial service industry more money while draining your retirement.

Fee #1: Administrative Fees

Every company has overhead expenses such as office management, book keeping, and customer service. And mutual funds are no exception.

These fees generally range from .2% to .4% annually. [2]

Administrative fees are unavoidable because without capital an investment fund can’t keep operating. And since most brokers don’t invest in their own funds (more on that below), they aren’t making money off their own investments.

Even the lowest fee funds will assess some administrative costs. Though, you’ll want to make sure you’re not paying more than you have to.

So far, no real harm. Fund managers and their employees have to make a living too, right?

As it turns out, administrative fees aren’t the only way funds cover payroll. And it’s the next type that really starts killing your returns…

Fee #2: Asset Management Fees

In active professionally managed funds, investment researchers and broker-dealers make some of their money through asset management fees. Many brokers also receive commissions from companies whose stock they recommend to clients (more on that below…)

Asset Management Fees generally range from .5% to 1% annually. [2]

That sounds like a small amount. How much of a difference could half a percent really make?

Let’s take the median Administration Fee (.3%) and add the median Asset Management Fee (.75%) and add them together. That’s 1.05%. Now let’s compare returns over thirty years with and without the asset management fees.

Let’s say, for argument’s sake, that you and your employer are contributing $7,500 of your paycheck to retirement yearly.

With an average annual fund return of 7% and an initial investment of $50,000…

With Asset Management Fees, you’d earn:

Yr 1 – $50,000                       Yr 5 – $111,503         Yr 10 – $193,613       Yr 15 – $303,237

Yr 20 – $449,592                   Yr 25- $644,987        Yr 30 – $905,853  

Now look at the SAME portfolio without Asset Management Fees:

Yr 1 – $50,000                       Yr 5 – $114,896         Yr 10 – $204,646      Yr 15 – $328,771

Yr 20 – $500,436                   Yr 25 – $737,849       Yr 30 – $1,066,193

Do the math: that’s $160,340 in extra fees.

Now, you may be thinking: “OK, but don’t I need a professionally managed portfolio to get the best rates of return?” It’s a good question, because high enough returns could outweigh the cost of fees.

But the surprising answer is “NO.” For reasons you’ll soon understand, actively managed portfolios almost NEVER consistently beat the market with a large enough margin to justify the fees. That’s almost always true, even when your employer is chipping in with a matching contribution.

But Wall Street can’t make money by encouraging you to put your money into safe investments with modest, consistent returns.

No one makes much money on index funds, where rates of return are based on the average growth of an entire market (like the S&P 500 companies). There’s no risky betting involved there. Either the average of the S&P companies grows from last quarter, or it doesn’t. And since the larger market almost always grows over time, putting your money in an index fund is a relatively safe move. And the fees are low, which means an affordable investment for you.

But most brokers would have you think otherwise…

Fee #3: Trading Fees

Here’s how the investment slaughter house goes in for the kill.

Trading fees are charged each time your broker buys and sells the securities (e.g. stocks and bonds) in your fund. Actual fee amounts vary from broker to broker. All told, it’s not unusual for fees to exceed 1.6%

How does your broker know when and which stocks to buy and sell? Well, that depends on who you ask.

Brokers are quick to make the argument that experience and knowledge of the markets puts them at an advantage to earn you the highest possible returns.

But that explanation doesn’t exactly hold water.

While it’s true that individual investors are less likely to beat the market than professional traders, professional traders are less likely to beat non-managed funds.

According to the S&P Indices Verses Active (SPIVA) scorecard, non-managed funds outperform actively managed funds most of the time. [3] That means that a professional investor has little chance of beating the market during any given year, much less year after year.

And there’s something else your broker doesn’t want you to know. Client fees aren’t the only way to get paid as a broker-dealer. Another way is to earn commissions from the publically traded companies they recommend.

Just as drug companies solicit medical doctors to proscribe their medications, publically traded companies are competing for your mutual fund dollars. And your broker is forced into a situation where he (or she) cannot represent your best interests.

Unlike a financial advisor who has a legal fiduciary duty to act in your best interests, most broker-dealers are salespeople who profit from selling stocks that pay the highest commissions.

So, Exactly How Much Can Your Broker Take?

Let’s run our 30-year experiment again, this time comparing an actively managed fund with Asset Management and Trading Fees versus a low-cost index fund.

Actively managed fund with 1.6% fees:

Yr 1 – $50,000                       Yr 5 – $109,069         Yr 10 – $185,906      Yr 15 – $285,852

Yr 20 – $415,861                   Yr 25 – $584,973       Yr 30 – $804,950

Passive index fund with .3% fees:

Yr 1 – $50,000                       Yr 5 – $114,896         Yr 10 – $204,646      Yr 15 – $328,771

Yr 20 – $500,436                   Yr 25 – $737,849       Yr 30 – $1,066,193

For a whopping total of: $261,243 in fees, or 25% lost returns!

[1]  http://assets.aarp.org/rgcenter/econ/401k_fees.pdf

[2] http://www.demos.org/publication/retirement-savings-drain-hidden-excessive-costs-401ks

[3] http://us.spindices.com/indices/strategy/sp-500-high-beta-index

How to Build a Recession-Proof Financial Fortress

Tom Daniels was an average middle-class American in the 90s. He worked for a Fortune 100 computer company that offered a traditional pension program.

He knew that a pension alone wasn’t going to help him reach his retirement goals. So when the company announced a new 401(k) program, Tom enrolled.

For several years, his 401(k) grew faster than expected. Tom was putting in the maximum 15% of his paycheck, the company was matching the first 5% in contributions, and high investment returns were starting to make retirement look possible.

Then, the dot-com crash changed everything. Tom lost 33% of his 401(k) virtually overnight.

The company responded by hiring new management and a new trustee for the 401(k) program. Now there was a broader menu of investment options with names like “growth fund” and “balanced fund.” These funds didn’t seem match individual investor plans, such as those offered by big name mutual funds.

Finally, with a cracked nest egg and more questions than answers, Tom turned to a financial advisor who understood what the plan was and new of an unpublicized “back door” that allowed participants to invest in mutual funds available to individual investors.  He put together a diversified and growth oriented portfolio. Almost immediately, the 401(k) started earning higher returns, eventually making up half of his previous losses.

Then another unexpected blow. During 2006-2009, Tom lost another 50% of his retirement. Shortly thereafter, Tom was permanently laid-off and decided it was time to get out of the roller-coaster

For the next 2 years, he looked for a way to build a solid nest egg completely apart from the stock market. He knew he had options, and also knew that he didn’t understand those options.

Then, Tom discovered an obscure 46-year-old law created by the IRS  that helped him earn worry-free consistent returns while creating 100% tax-free income for life.

Today, Tom has full confidence in his financial future. Do you?

WARNING: Proceed with caution. Taking control of your retirement requires understanding the financial system as well as the wealthiest 1% of Americans.

Being willing to take charge of your financial destiny is only the first step. If you don’t know how to navigate the latest investment laws and IRS tax codes, you’ll get slapped with penalties and interest.

3 Things Ultra-Wealthy People Do Differently

Think like the rich… earn like the rich. Here are 3 things the ultra-affluent do differently, which anyone can use to flex their money making muscle.

Ultra-Wealth Factor #1: They accept 100% responsibility for their financial results.

Wealth comes to those who are committed to success while others just sit around wishing and hoping for things to be different.

Most individuals are taking no initiative, pretending like they can wait out the crisis like a bad storm – or worse, waiting for the government to bail them out.

Well, it’s not going to happen. You alone have the power to change your financial fate.

The best time to take control was 20 years ago, but the next best time is TODAY. Seize the day.

Ultra-Wealth Factor #2: They surround themselves with others who share their goals or have already achieved them.

If you surround yourself with individuals who are willing to take shots in the dark instead of seeking expert help, you are much more likely to follow the crowd and chase the latest “hot” funds instead of playing a long game designed for YOUR goals.

Bad advice and the lack of good advice both have the same result. You should never follow the advice of someone who isn’t qualified and/or doesn’t represent your best interests. And you definitely cannot afford to plan for retirement alone.

Seek out expert help with a legal fiduciary duty to you and your money.

Ultra-Wealth Factor #3: They are committed to life-long learning

What you lack in knowledge, you pay for.

Think about it this way: if you don’t know how to seal the leak in your plumbing, you need to pay a plumber to do it. If you don’t know how to build a deck, you need a contractor. And if you don’t know how to protect and prosper your finances, you need advisers with your best interests on the line.

One True Secret About Wealth That You Can’t Buy

The One True Secret About Wealth That You Can’t Buy With Money…

You would think that “how to make more money” would be the main topic 100% of the time on a financial expertise website like The Harbor Institute.

Making money is one focus, but as you’ll soon see, it’s not really what you’re looking for when trying to build wealth.

Money is certainly important, and also makes things a lot easier when you have more of it.  But when it comes to wealth and the mindset behind money, there is something that most people overlook as they press themselves harder and harder to make more of it.

It’s the one true secret about wealth that most people are truly looking for, but sometimes never get to find because they trap themselves in an endless loop trying to make more and more money.

This endless loop can leave you feeling empty if you don’t think about the one true wealth secret being revealed in this article.

The Secret Behind Living “The Wealthy Life”…

Wealth Mindset Harbor InstituteWhen you sit down, relax, and think about what it means to be wealthy, what images come to mind?

Having a nice house?  Driving your favorite car in the countryside?  Can you hear the “clinking” sound of wine glasses at a social gathering with a bunch of your friends, living the high-life?

What about taking a trip to a remote island, complete with VIP service and excellent food, which also means you’re treated like royalty?  You might choose to stay there a couple of weeks because, you know, money isn’t an issue when you’re wealthy.

What you imagine when you think about being wealthy is up to you.  But is that truly what wealth, and a wealthy life, provides you?

What do you feel when you think of these images of being wealthy?  It’s in that feeling that lays the secret.

Do you feel relaxed?  Secure?  Safe?

The secret to a wealthy life lies in the feelings you are trying to attain, not how much money you have.  It’s whatever the “feeling of being wealthy” means for you.

Here’s how to start using this secret to your advantage…

Think about the following to start on your journey to feeling wealthy:

  • Is it “having a lot of money” or knowing that you spend way less than you earn that provides a measure of security for you? What other feelings could that bring?
  • When you buy stuff, do you factor in the cost of long-term ownership? Would you feel better knowing you’re buying the highest quality of life, or by trying to obtain some false status by owning the most expensive stuff available?
  • Buy the house, rent the house, and only enough house … not too much house (which will leave you with a bunch of unused rooms and more to clean). You’ll feel wealthy knowing you’re making the right decisions.
  • Think about your travel, and even though you might have tons of money, travel frugally. You would be surprised what the wealthy spend on a trip to Paris (because likely, they aren’t going to Paris).
  • Finally, always think about what you’re buying, it’s not the stuff … it’s the feeling, the experience, the lifestyle (but not status).

Obviously, having the proper money mindset when it comes to your wealth is a large and complex topic.  This article only represents a small sliver of the immense volume of tactics, strategies, and retirement-securing knowledge we offer our Members.

Less Taxes, More Small Business Revenue

How To Start Using The Elite “Fort Knox” Strategy To Pay Less Taxes, Keep More Small Business Revenue, And Protect Your Business and Personal Assets…

Whether you’re just starting a small business, or you’ve been in business for 10 years, you need to pay close attention to this article.

Because the information about to be revealed will protect your business from lawsuits, crazy people, and even the I.R.S. itself.

It will allow you to keep more revenue instead of shoveling it out on your annual tax bill or paying a team of lawyers to defend you in court.

The best part is this Elite “Fort Knox” Strategy is simple to implement.  You can even start today if you would like.

This strategy involves two options, and each option has three “layers.”

Choose Your Own Adventure Harbor InstituteNow it’s time to choose your own adventure…

The two strategies to choose from, each part of this Elite “Fort Knox” Strategy, have their own use.

One is called the “C Vault Strategy,” and one is called the “S Vault Strategy.”

Since you either are starting a small business, or have currently operated one for some time, you can probably recognize that each strategy seems similar to a form of corporate structure.  A “C” corporation … or a “S” corporation.

And you would be right, and most business owners or executives stop there (forming one of the two corporation types).

That’s where we take this to the next level and turn this into a strategy that is as secure as Fort Knox…

The layers of protection you need for each Vault Strategy to work, and secure your business assets like Fort Knox…

The “C Vault Strategy” Layers of Protection:  This strategy starts by providing superior liability protection for businesses and owners by separating the risks associated with the core operating business, from the risks associated with the individual owner(s) of the business, in two distinct ways…

To begin, this strategy adds the same level of asset protection inherent to basic incorporation in its first layer, while providing an additional layer for “ultimate” protection.

This strategy also provides a forward-thinking estate planning solution designed to facilitate the distribution of the business’ assets to designated beneficiaries selected by the business owner(s) upon the death of the business owner(s).  This, while also providing business continuity in the event you or another co-owner is incapacitated.

The “S Vault Strategy” Layers of Protection:

Like Vault “C” this strategy also provides liability protection for businesses and owners by separating the risks associated with the core operating business, from the risks associated with the individual owner(s) of the business.

It provides this level of asset security by using the “corporate veil”.  This strategy also provides an additional level of privacy for the business owner(s), which will be explained in detail on our newest special report – The “Fort Knox” Protection Strategy.

This strategy uses the same methodology for continual operation of the business in the case of incapacitate of the business owner(s).

But obviously, having the proper guidance and advice when it comes to protecting your small business is a large and complex topic for just one article.

This article only represents a small sliver of the immense volume of tactics, strategies, and business asset-securing knowledge we offer to our Members.

Avoid Feeling Poor When You Are Rich

How to Avoid Feeling Poor In a 10,000 Square-Foot House…

Almost everyone who hasn’t yet experienced monetary wealth has a dream of the “big house” and “nice car” … among other possessions.

10,000 Square Foot House Harbor InstituteThe allure of having that Malibu Beach House and multiple cars in the driveway drives the wealth acquiring minds of most Americans.

Don’t get me wrong…

Once you have created assets that provide the type of wealth dreamed about by the average person, it would be normal to want the “good life.”  Our marketing and advertising proudly displays it, the fast cars, the fame, the house(s) and of course the social gatherings.

It’s pleasurable to walk through majestic doors, walk on marble floors, and travel through 8 bedrooms.  Until you realize later on that you’ll never use half of your house for much.

If you leave yourself in “material-possession gathering mode” you’re bound to find a common problem amongst the wealthy few who acquire the belongings of the 1%.

Then, you start asking the emotionally draining questions like…

Now what?

Most people, on their way up the “wealth ladder,” forget one crucial detail in their plans to dominate the world and make tons of money…

They forget that money isn’t the only component of a truly wealthy lifestyle.  And, acquisition of material things isn’t either.

I’ve covered the one true secret of wealth before, in a different post, and you can read that post if you would like to explore a little deeper (it’s more about experience).  In this post, I would like to explore how to avoid feeling empty, or what I call “mentally poor,” when you do finally cross the threshold into monetary wealth.

Let’s get right to it…

3 secrets to help you avoid feeling emotionally bankrupt when your bank account is anything but…

Once you start acquiring monetary wealth, which is quite possible if you follow our training, your bank account starts to build.

Bankruptcy is far from something you’ll have to worry about again.  But if you don’t start taking a number of precautions, emotional bankruptcy can be an even worse scenario.

I’m going to share 3 of these precautions here…

  1. Understand that having money can (and does) change you, psychologically.

I don’t care who you are, once you begin to acquire money, the feeling of power that starts to take hold can change you.  Sometimes, this feeling can be harder to deal with emotionally than you think, and affect your personal relationships.

So please, keep that in mind as you continue to build your monetary empire.

  1. Always start from a mental place where the wealth experience is just as (if not more) important than money alone.

The act of “acquiring more and more stuff” just because you can afford it can leave you feeling emotionally empty inside.  It’s a very common mistake among the newly minted rich.

Instead, think about the experiences of being rich like walking on a new beach and enriching your personal relationships.  Life is short, so it’s worthwhile to experience it to the fullest.  “Stuff” does not improve your emotional bank account, enjoying it does.

  1. Keep a closer eye on your personal relationships.

This might sound like I’m re-hashing part of #2.  I’m not.  Once you begin acquiring money, it not only can change you, but the people around you.  Those less fortunate than you will sometimes want “their piece” of your newly obtained monetary fame.

Watch out.  Your true friends will stick with you no matter how much is in your bank account.  That and it’s the money you have and keep that matters, and not how much you can spend on your new “friends” in one sitting.

Keep each of these 3 things in mind as you increase your financial and mental wealth.

But obviously, having the proper guidance and advice when it comes to protecting and growing your true wealth (both mental and monetary) is a large and complex topic for just one article.

This article only represents a small sliver of the immense volume of tactics, strategies, and business asset-securing knowledge we offer to our Members.

3 Guaranteed Ways to Lose Business Assets

3 Guaranteed Ways to Lose (Almost) All of Your Business Assets…

Welcome to the 21st century.

We have fully entered an Age of Information, where almost anything that can be found in terms of information on a subject, can be found.

Knowledge Is Power Harbor InstituteThat includes all information about your business, including some information you might not have considered.

This information gives you power as a small business owner, but also gives people power to voice their opinions and use the Internet to find information to use against you.

Also, not all information is quality (or correct) information, which can lead to some bad decisions.

This new access to information is the leverage that makes the following even more possible…

Here are 3 ways to put your business on the short path to “closing up shop”…

You wouldn’t want to close your business because of something you hadn’t prepared for, at least in most cases.

That said it’s unfortunate that a good number of small business owners still leave their businesses wide open to the potential for closing early in 3 overlooked ways.

Here they are in no particular order:

  • Losing a lawsuit, no matter how crazy it might seem.

Information, and the ability to publish it online, provides people with an enormous amount of power.  If someone doesn’t like something about your business, they can publish a review, start a blog, or even go to the press and spread their opinion.

This can even happen even if you seemingly did little or nothing wrong.

But even worse, someone can file a lawsuit against your business in our highly litigious society.  And even if the reason for filing a lawsuit isn’t totally sound, the time, resources and legal representation you need to devote to any lawsuit can be expensive.

It can put you out of business if you’re not prepared.  There are ways to protect your personal and business assets from legal action, and we cover some of those in a special report we offer for free (see the end of this article).

  • Bad investment decisions and lack of capital.

Money talks and B.S. walks.

It’s cliché, but it’s true … if your business lacks proper operating capital for payroll, inventory, marketing etc… then it’s as good as dead.

But worse, if you make a bad investment decision, you might have to close up shop just to recover from the financial setback.  Make a poor real-estate investment decision; suffer a lawsuit as a result of being “in the wrong place at the wrong time,” etc…

Any number of possibilities exists for a bad money situation.  But the good news is there are ways to keep you safe.  Some common strategies rely on incorporation of your business, general money management or investment strategy, or the structure of your personal and business assets.

The type of general advice you can find from sites like Fidelity, CNN Money, and others is fine, for covering the basics.

As you’ll soon see in our latest report … sometimes the basics don’t cover what you need.

  • The I.R.S. and having a poor tax strategy.

And then there’s the I.R.S. … the one entity that can either make your business and personal life a living hell, or, because of certain protection loopholes in the tax code … give you the leverage you need to pay only the taxes that you should be.

It all relies on the tax strategy for your business.

It’s said there are two tax systems in our country.

“In America, there are two tax systems: one for the informed and one for the uninformed. Both are legal” — Billings Learned Hand

Which system do you want to use?

How to protect yourself, your business, and your income…

Obviously, having the proper guidance and advice when it comes to protecting and growing your business and personal assets is a large and complex topic for just one article.

Which is why in this particular case, I’m going to ask you to download one of our reports and look into two key strategies we call the “C-Vault” and “S-Vault” protection strategies.

Here is an excerpt from the report…

It’s not just a “sue happy” customer, a disgruntled employee, or an ex-spouse
that is putting your business and personal assets at risk anymore.

Nefarious entities now troll the Internet looking for successful people to exploit.
With those concerns in mind, we offer two solutions worth your consideration.

These solutions are a series of layered corporate structures that legally provide
small business owners, and their loved ones, with same sophisticated layers of
protection usually enjoyed only by the mega-rich.

Keep in mind, the following report only represents a small sliver of the immense volume of tactics, strategies, and business asset-securing knowledge we offer to our Members.

But by downloading it today, you can get an inside look at the same wealth strategies the uber-wealthy use to grow their businesses, protect their companies, and secure their financial future.

Enjoy…

Want more?  Start with our newest report, The Elite “Fort Knox” Strategy, part of our Small Business Elite Protection Library … where we reveal the detailed model for keeping more business revenue while paying fewer taxes, and making all of those assets as “bullet-proof” and secure as possible … plus a whole lot more…

Are You Prepared for a “Bankacolypse”?

Again, Welcome to the 21st century.

With the recent financial troubles in Greece, their banks running out of cash, and their desperate need for loans in order to keep operating[i] … it begs the question:

What if our banks in the U.S. were to collapse?

Prepare Your Money Harbor InstituteWhether or not the question seems like one of those that we should never ask, it doesn’t hurt to examine the possibility.  You never know, with our recent economic woes and certain cyclical trends that predict a downturn in the markets later this year, you should be prepared.

Are you prepared?

If all the banks in the United States collapsed at the same time, even the FDIC wouldn’t be of much use.  So, you should have an “exit plan” of sorts just in case, because…

If a “Bankacolypse” happens, chaos is the only thing that is guaranteed…

It’s not a comfortable subject to talk about, but the possibility of banks in the United States collapsing is very real, even if the chances of it happening tomorrow aren’t great.

Let’s face reality, in 2008 we discovered that our economic system, including the banks, is being run by some people who should be in jail … but aren’t.

So if banks ever do start to collapse, the ripple effects will be more concerning than just your money suddenly becoming worthless.

Here are just a few of these ripple effects, then I will share some preparedness tips to help you and your family protect themselves during the resulting chaos:

  • Food and utilities you rely on won’t be reliable. Without the banking system utilities could be shut off for quite some time.  The same is true for the trucking systems that bring food and water to your grocery stores.
  • Some people will start to panic. Unprepared people might start to do crazy things while they are in a panic state, as money won’t get them the solutions they are looking for.
  • Banks will panic. They will call mortgages, freeze savings accounts, etc…
  • And on, and on…

So what are you to do about this insanity?

Some tips to protect yourself and your family…

Obviously, if the situation is dire enough no measure of preparedness will save anyone.  Let’s hope it doesn’t come to that.

But you can prepare yourself the best way you can if banks do start going under one after another.  Here are some basic tips to get you started…

  • Get a passport if you don’t already have one. Update it if you do.  Getting a passport takes time, and if you need to get out of our country, you need one.
  • Keep a close eye on FDIC guidelines. It’s important you know what your rights are if the banks do collapse, so you can pull as much out as possible.
  • Get a fire and water proof box, and put all of your important legal documents inside it. This can be a life-saver if you need to prove who you are, or get somewhere where it’s required that you do.
  • Actually take the time to build a disaster preparedness kit. Don’t just think about it, do it.  Most people won’t, and you’ll be a mile ahead of those people if you do (see FEMA’s advice about these here to start your homework).
  • Have a family emergency plan, meeting place, and collect your resources. You have to know how to get to, and where you will all go during civil unrest (before it happens).  Also, you must collect your gold, silver, and other precious metals in a safe place (because people will try to steal them during dire circumstances).

These basic tips should get you a good start.  Do more homework yourself, use Google, and look into emergency preparedness as a topic, etc…

It’s not “fun” to do, but if you’re prepared on even a basic level, it will be helpful.

But did you discover the hidden lesson in this post?

The hidden lesson is simply not to rely solely on banks and the various Government institutions to protect you and your family from situations that are out of your control.

Instead, you need to start taking control of your financial well-being, including your retirement, business, and personal assets.  In certain situations, you might even need to become self-reliant altogether (like possibly learning “The 5 secret words to ask your broker, so you can quit paying “the hidden 401k price tag”, for example).

At The Harbor Institute, we have a number of resources (both free and paid) that we make available for you to start on the path to self-reliance.  We encourage you to do your homework, and start putting the success of your financial well-being squarely in your own hands.

Want more?
Start with our newest report, Pay Less – Keep More … where we reveal how to pay a LOT less in taxes, and how to make your business and personal assets as “bullet-proof” and secure as possible.Plus it includes a link to a very special presentation that shows you how to buy stocks, invest in real estate, and how to build your retirement 100% tax-free for LIFE…


[i] http://www.reuters.com/article/2015/07/07/us-eurozone-greece-idUSKBN0P40EO20150707