Rick Alford
Rick Alford CRP, CEO


June 2016 Edition

In This Issue:
"It is a wise father who knows his child.  But maybe it's a very wise child who takes time to know his father."
- Anonymous
Happy Father's Day
I ndexed Universal Life -
Insurance Tax Advantages

IRS Shake Down
Learn how an Indexed Universal Life policy can help to keep money in your pockets (and not Uncle Sam's).

A Note from the
Accounting Sleuth
Accounting Alchemy
Alchemy: a seemingly magical process of transformation...

Too frequently, when a CEO or Wall Street analyst refers to earnings, it does not mean anything close to what we normally understand by the term. 

The Financial Accounting Standards Board (FASB) sets the rules by which earnings ought to be calculated. The rules constitute generally accepted accounting practice (GAAP).

Instead of using GAAP, CEOs are inventing their own definitions of earnings.    Read More...
Bases are loaded and you're up to bat...
It's Time for a Home Run!
First Base:
Earn 4% Interest
minimum guarantee of 3%

Second Base:
No Risk to Principal

Third Base:
100% Principal Available at All Times

Slide into a Safe money solution today!

You may have received, information about annuities produced by someone who doesn't sell them or doesn't believe you should buy or own them.  Much of this information is misleading; some of it warrants four Pinocchios!   
Social Security Timing Class
John & Judy Gay Library  in McKinney
W.O. Haggard, Jr. Library  in Plano
Maximize Your Benefits for Life!
T here may be retirement benefit strategies available to you that could substantially increase your future payments even if you have already begun collecting.

Classes available
Tuesday or Thursday evenings
June 21st & 23rd at 6:30 pm

Register online at www.RSVPyes.com
 enter code # 363400 or call (800)696-8083
Advice on Money from Millionaires
What do millionaires know about money that the rest of us don't? The U.S. News & World Report website has uncovered some of the secrets that skilled financial managers give their top clients.

Keep these tips in mind as you seek your fortune:
* Get in the savings habit. Put away a little money every payday. As soon as it becomes a habit, you'll be able to start building your capital.
* Invest wisely. Make your money work for you by investing in businesses you own or someone else's.
* Maintain an emergency fund. This is familiar advice, but always valid, especially if you're self-employed.  While you're at it, set up a fund for medical emergencies as well.
* Review your finances regularly. Sit down with a financial planner at least once a year to make sure you're on the right track in terms of expenses, revenue, taxes, and the like.
* Don't lend money. Be firm. Lending money is risky, both to your finances and your friendships.
* Teach your children. Start your kids off at an early age by helping them learn how to make and manage their own money. Your family will be better off and wealthier in the long run.
* Understand why you spend . Examine your spending habits so you can get a better handle on what you're buying and why. You'll make better decisions and make fewer impulse purchases that aren't worthwhile.

Rick Alford, CRP, CEO
Retirement Solutions