Missed Fortune – A Critique Part 5/5

[Editor's Note: This is Part 5/5 of a critique of Missed Fortune 101, a book by Douglas Andrew.  If you're not coming here from part 4, better go back and read parts 1-4 first.] Insurance Is Not Triple Tax-Free There is an investment account that gives you a tax deduction when you contribute, grows tax-free, and then comes out tax-free.  It isn’t a universal life insurance policy.  It’s a health savings account.  Mr. Andrew likes … Continue reading


Missed Fortune – A Critique Part 4/5

[Editor's Note: This is Part 4/5 of a critique of Missed Fortune 101, a book by Douglas Andrew.  If you're not coming here from part 3, better go back and read parts 1-3 first.] A Few Random Criticisms Of The Book Now, before we move on to my criticisms of the other part of Douglas Andrew’s strategy (investing in universal life insurance contracts), let’s pause for a minute to point out a few other random … Continue reading


Missed Fortune – A Critique Part 3/5

[Editor's Note: This is Part 3/5 of a critique of Missed Fortune 101, a book by Douglas Andrew.  If you're not coming here from part 2, better go back and read parts 1 and 2 first.] Putting Money Down Gets You A Cheaper Mortgage Throughout the book, Douglas continually shows you illustrations where the mortgage rate is the same no matter how much you put down.  That hasn’t been my experience when I’ve been out … Continue reading


Missed Fortune – A Critique Part 2/5

[Editor's Note: This is Part 2/5 of a critique of Missed Fortune 101, a book by Douglas Andrew.  If you're not coming here from part 1, better go back and read that first.] Don’t Contribute To A 401K? Mr. Andrew isn’t completely unreasonable.  He does acknowledge that you should contribute to a 401K enough to get the match (well, most of the time) and that Roth IRAs are pretty cool.  But aside from the fact … Continue reading


Missed Fortune – A Critique

There is a “financial guru” named Douglas Andrew who lives in my local area.  He is a financial planner, radio host and author who advocates a rather unique approach to retirement planning.  I’ve occasionally come across his “radio show” on Saturday evenings.  It annoys me, because it is composed of several hours of sales without an ounce of real information being provided.  He pushes his books, CDs, webinars and seminars which are thinly-disguised solicitations for … Continue reading