With the year end stock market losses, mutual funds could send of what is called "Phantom Income" which basically means you could be paying taxes on short term capital gains, even though you end up with losses!

We live in a world of immediate gratification, however to build wealth requires some patience and a proven process.

Policy Loan: $60,000 Home Build Cost: $250,000 Total Cost: $310,000

Sales Price: $370,000

Expenses: RE Fees - $22,000 Bank Interest - $5,000 Policy Interest - $1000 Total: $28,000

Net: $342,000 Profit: $32,000 ROI: 53%

Nearly every employer offers a 401k, but is it a good deal for you? Think about the alternatives and what you might be able to do with that money if you controlled it!

Diversification is a big deal in the traditional financial planning community. But does it work or is it smoke and mirrors.