I am sure you have heard the saying: Those who ignore history are doomed to repeat it! Well in the Safe & Simple episode we examine the historical trends related to both failures of the banking system and the insurance industry. As with previous episodes, history clearly tells us that the Insurance industry is more financial sound than the banking system.
Please skip to Episode #9.
In the previous episode of Safe & Simple I explained how the Fractional Reserve Banking system is built on a foundation of quicksand. In this episode I rebrand the banking system as Fictional Reserve Banking.
My apologies in advance! This is the only Safe & Simple episode that is longer than 2-minutes. It wasn’t practical to try discuss Fractional Reserve Banking in just 2-minutes. If you have money in the traditional banking system you would be well served to watch this 6-minute Safe & Simple episode. It is a real eye-opener.
Bank CDs are always quick to mention their FDIC safety valve so to speak. Well MYGAs have some safety valves of their own. This Safe & Simple episode with focus on the SAFE aspect of MYGAs.
Bank CDs sort of lock-up your money for the term of the CD. Not so with MYGAs! MYGA’s have so many different ways to access your cash during the term of the MYGA that it’s impossible to fit them all in this episode. This Episode of Safe & Simple discussed two of the more popular SIMPLE liquidity options that MYGAs offer.
Safe & Simple is the way to go. This episode of Safe & Simple talks about Betty who skated her way to $88,000 in taxed-deferred earnings with a MYGA. Then when her MYGA matured, she rolled it over into a new MYGA and this further deferred her tax bite! Just another SIMPLE strategy that savvy people in search of Safe & Simple returns can use.
We all know what a Bank CD is. But did you know there are ways to earn triple-compounding and tax-deferred interest with APYs that put the Bank CD to shame? Well now you do! Let’s start with Safe & Simple Basics…