Regis Philbin is finally retiring at age 79. He has been in the TV business for over 50 years, holds the Guinness book of world records for the most time on the air!

Of course lasting even a few years in the callous TV business is rough to do…but over 50 YEARS! That’s remarkable by anyone’s standards.

He’s been successful, not by luck but by living each day based on the principles of persistence and hard work. He’s often referred to as the hardest working man in the TV business.

Contrast his long established success with the reality TV stars of today who are here today, gone tomorrow. Sure they get their 15 minutes of fame, but without success beliefs to build on, they often disappear as quickly as they came.

When it comes to money, I think we can see comparable patterns. There are those ‘millionaires next door’ who build their wealth on sound financial principles and smart financial decisions. They keep their money safe, refused to risk it or indulge in the newest fad.

Then you have the people who win the lottery or come into a large payout like professional athletes who end up losing it and more, and end up in debt.

When it comes to growing wealthy, it’s not complicated. The wealth principles have been around for hundreds of years, the problem is we lose sight of those principles in the endless barrage of guru’s advice, misleading information and poor financial products.

But if you cook it down to a straightforward process, it really comes down to putting away at least 10% of your income each month into a safe, secure place and then having your money work for you not against you.

A Retirement Plan cash value life insurance policy is one of the oldest wealth growth tools in our nation’s history, and, like Regis Philbin, it has a track record that is hard to beat.  It is used by the wealthiest of wealthy to preserve what they worked so hard to build.  Life insurance companies have been around for hundreds of years; in fact one of our main carriers is over 175 years old.

RRSP’s were created in 1957 even before we had a public pension plan. The S&P 500 index has a typical turnover of between 1% and 9% per year.* This effectively means the majority of the companies in the S&P 500 are turning over every 10 years or so. This means it’s not a very safe place to keep your money.

So, when it comes to your retirement, your financial safety, your wealth, who do you want to be, the reality star with 15 minutes of fame…or build a long standing foundation of wealth that will last your lifetime?

Get your Retirement  Plan analysis here.

* “S&P 500 Turnover Data“. Standard & Poor’s. The McGraw-Hill Companies, Inc. Retrieved 2007-02-20

Hello small business owners.  The end of the year is fast approaching you maybe thinking of the holidays coming up or you maybe under more stress than ever.  Taxes are the last thing on your mind, if they are there at all.

Let me tell you about one tip to save you a lot of cash.  It has to do with the Medical tax credit.  You are a small business and you may or may not have dental and extended health care (EHC).  Well this little tid bit can save you a ton of money.  Its called a Health Spending Account.  Its a trust set up in your name and administrated by a third party adminstrator.  You can spend the money in the account on anything health related no limits.

What is the purpose of such an account?  Its used to provide benefits for all the things HEALTH RELATED that is not covered by your insured plan, or the insured plan you don’t have.

Who can get one these accounts? Self employed people or Self employed with corporations

What are the limits of such an account? Self employed (no corporation) $1500 per adult ($3000 per couple) and $750 each child.  Self employed (incorporated) there is no limit.

This is 100% tax deductible to the company.  There is tax consequence to the employee.  So if you need a tax deduction for the company than this is the fastest way to do it and stay healthy.

If you would like this to be explained better to you then feel free to contact me at 1-8666-379-2568 or email me richard @ richerbenefits.com (remove spaces)