Total Financial Planner

Total financial planning is what makes the difference between just getting by in retirement, and having the retirement most people only dream about. It is a systematic method that takes into account debt reduction, timing, risk management, income, expenses, and tax considerations. Without a plan that takes into account each of these in relation to the others, it is unlikely that long-term financial goals can be met, and virtually impossible to maximize retirement assets.

The Mortgage Magic System is a total financial planning package that incorporates everything needed to grow your money into wealth and provide long-term financial security. It is not complicated, and yet very effective. 

Total Financial Plan:
Acceleration Period (see chart)
In the acceleration period, our mortgage accelerator rapidly reduces the mortgage and the time to repay the loan. Simultaneously, the system provides a financial “roadmap” that shows the best way to manage finances and make better financial decisions. During the acceleration period, the system encourages family protection using low-cost  convertible term insurance, usually costing less than $20/month, until the mortgage is repaid.  Isn’t now a good time to get a personalized quote?:

Net Worth Build-Up Period
When the goal of mortgage amortization is met, discretionary income increases. the plan then switches to rapid net worth accumulation (usually in a qualified retirement account).  Because of the time gained, conservative investing is emphasized, maintaining momentum in net worth increase. However, not all of the increased discretionary funds are allocated to savings/investment. A portion is used to fund the conversion of the term insurance policy to whole-life, providing continuing protection along with a tax strategy when in retirement.

Retirement Period
Finally, at the time of retirement, money is withdrawn from the retirement account, on which taxes must be paid. At the same time, money is withdrawn from the whole-life policy tax-free (withdrawal of premiums) to pay taxes on the retirement distributions. Although the policy’s death benefit is somewhat reduced, it is offset by dividend re-investments so the policy value remains high. (See the tax strategy page for illustration).  Overall, the plan leads to a large retirement fund that is shielded from dilution from taxes when withdrawn.