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And how's it working for you?


You don't have to look far to find big names and heavy hitters who say, "Buy term life and invest the rest in mutual funds."

Dave Ramsey, Suze Orman and others shout this mantra from the rooftops. And they have a right to their opinion. But there is more than one side to every story, particularly when it comes to the complexity of financial planning.

(A quick note: Instead of saying "buy term and invest the rest" again and again, I'm creating a new acronym: BTAITR).

Then there is the matter of consumer (saver) behavior. Just because someone consents to the idea of BTAITR doesn't mean they'll actually do it.

Consultant Pamela Yellen disagrees with the BTAITR approach and she's gotten into several spirited debates. She recently wrote that most people who buy term never invest "the rest" as they would with a whole life insurance policy. 

“People don’t buy term and invest the difference. They most likely rent the term, lapse it and spend the difference.”
— Professor David Babbel, Journal of Financial Services Professionals, The Wharton School of the University of Pennsylvania

However, even if everyone followed the BTAITR policy to the penny, we believe there is a better, safe-money alternative in whole life insurance and annuities.

How are market funds working for retirees today? If your retirement is in high-risk funds, you risk losing not only gains, but your principle. In other words, you could leave with less than you started.

Are you willing to continually risk your retirement?

We believe there is a better way.

Bruce Schlappi is the president of Schlappi Financial Group, a Kansas City-based firm specializing in whole life insurance and annuities-based retirement savings plans.




Slow and steady wins the savings game

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Despite the pizzazz of the hare, he’s likely to burn out fast.


Who doesn’t want to get rich quick?

There are plenty of people who claim they can help you do it. But if they could, everyone would get in on the deal. 

The much more common scenario is going broke quick. But there isn’t much press about that.

The temptation to toss aside wisdom to grab the elusive buck is not new. In fact …

“There once was a speedy hare who bragged about how fast he could run. Tired of hearing him boast, Slow and Steady, the tortoise, challenged him to a race. All the animals in the forest gathered to watch.

“Hare ran down the road for a while and then paused to rest. He looked back at Slow and Steady and cried out, ‘How do you expect to win this race when you are walking along at your slow, slow pace?’

“Hare stretched himself out alongside the road and fell asleep. 



“Slow and Steady walked and walked. He never, ever stopped until he came to the finish line. 

"After that, Hare always reminded himself, ‘Don't brag about your lightning pace, for Slow and Steady won the race!’

Yes, Aesop, the Greek storyteller from 600 B.C., called it centuries ago. When it comes to managing money, or any significant human endeavor, slow and steady brings results.

Long after the excitement has left the hare, Slow and Steady will continue to steadfastly contribute toward a reasonable retirement. And sleep well at night.

The End.

Bruce Schlappi is president of Schlappi Financial Group, a Kansas City firm specializing in whole life insurance and annuities.. 

When is the time to start saving for retirement?


It seems like the time is never right.

We've got to pay off the car, hang on for a raise at work, or refinance our home.

Then we'll find a way to start saving. It's always tomorrow. But tomorrow -- at least when it comes to retirement savings -- never seems to come.

In our short video, learn the value of getting started no matter where you are.


Bruce Schlappi is the president of Schlappi Financial Group in Kansas City. The firm helps people build safe and sound retirement savings plans that can be counted on to deliver.

No risk, no reward. Really?

 Retirement saving is often portrayed as a gamble. Should it be?  Photo courtesy of   Jeff Kubina, Wikimedia.

Retirement saving is often portrayed as a gamble. Should it be? Photo courtesy of Jeff Kubina, Wikimedia.

What part should rolling the dice play in retirement savings?


Many truisms are, well, true.

When it comes to exercise or parts of our life that require discipline, "no pain, no gain" generally has merit. 

Sometimes, "no risk, no reward" also adds up. Except when it doesn't.

When it comes to retirement savings, we believe the concept is a misnomer. Risk is not always necessary for reward.

What about hard work and disciplined savings with a long-term view? Surely there is a reward for that.

In addition, taking a risk doesn’t mean that 100% of your retirement funds must be placed in high-risk ventures. We suggest the majority of your funds be allowed to grow through annuities and whole life retirement savings options.

In the crashes of 2000 and 2008, many stock owners lost at least some of their principle. Many were at retirement age and had to live off of a severely depleted portfolio. Those who lost jobs and had to use retirement savings faced a similar hardship.

The real risk may be missing out on tried, true and guaranteed retirement savings plans.

Bruce Schlappi is president of Schlappi Financial Group, a Kansas City-based firm specializing in retirement savings plans based on whole life insurance and annuities.