There are multiples factors which can erode your wealth. These factors are stock market decline, taxes, lawsuit, lost opportunity cost, inflation and interest rate decline. Eroding factors are the reason for the most of financial problems you have. To protect your finite money you need to have skills and smart financial tool. Probably whole life insurance is an only tool will stand against most of these factors.

Too often, you have been advised to buy term insurance and invest the difference in the stock market. Even though this sounds convincing, it lacks verifiable facts, ignores feasibility and smells biased of interest group. Long term compounding tax burden of taxable investment, discipline to save regularly and the opportunity cost of term insurance premiums will make it very difficult for this advice to succeed.

As big financial institutions have rules that help them to maximize their profit, you can too follow these rules to maximize yourwealth. First secure your financial future while you prepare for financial success and second making sure your money serves multiple purposes for you.

The median income for all individuals 65 and older is $20,481 according to the social security administration, the office of policy, income of the population 55 or older 2004, table 3.1, released May 2006. Why is this so?

Compounding money does have some advantages in short run, but the longer you compound, the more likely it will create serious financial problems. The biggest problem of compounding interest is compounding your taxes! Can you compound your interest without compounding your taxes?