• David H. Kinder, ChFC

David, What Makes YOU Different From Other Advisors?

This is a good question and I've learned many ways to explain this over the years. Since this is a blog, I'll outline my lengthier way of answering this question.

The $100 of Income Story

This $100 represents ALL the money you are ever going to earn and accumulate in your entire life.

35% (or $35) will go to various forms of TAXES:

"But David, I'm not in the 35% tax bracket." It's not just your tax bracket that I'm talking about.

  • Income Taxes (This is Any Income Subject To Taxation: Wages, Commissions, Bonuses, Interest Income, Gambling, etc.)

  • Capital Gains Taxes on Whatever You Do Successfully That Qualifies For This "More Favorable" Tax, such as selling your appreciated home, etc.

  • Property Taxes (No Longer Deductible! See? A Stealth Tax Increase! After all, "Only RICH people itemize!", right? Oh, yes, it was offset by the higher standard deduction... but how long will THAT last? And will Congress reinstate this deduction? Probably not the way they're spending.)

  • Sales Taxes on Almost Everything You Buy

  • Estate Taxes on Your Wealth, Business Interests, and Property When You Pass Away (Currently Subject To Estates Greater than $5-10 million... But Can And Will Change)

  • Government Fees & Surcharges (Just look up IRMAA and Medicare)

By the way, could this figure go higher? Much higher. In fact, I believe that the less one is usually dependent on banks and lending... the more they are paying to the IRS. And those who don't write larger checks to the IRS... usually are writing equivalent checks to their banks and lenders.

Another 35% (or $35) will go to various Lost Opportunity Costs:

What is a "Lost Opportunity Cost"? These are things you pay for where you get no additional return or enjoyment out of them.

Bank Interest on Debt:

  • Credit Cards

  • Auto Loans / Leases

  • Renting / Leasing

  • Student Loans

  • Mortgage / Home Equity (home equity interest no longer deductible)


  • Term life insurance

  • Unnecessary riders (options on your policies)

  • Low deductibles

  • Long-Term Benefits

  • Supplemental Insurance

Financial Losses & Fees:

  • Stock Market Losses

  • 401(k) & Mutual Fund Fees

  • New Cars vs Used Cars

  • Mortgage Pre-Payment / Principal Spend-Down

  • Not Maximizing Financial Aid for Children's College

Now you have 30% (or $30) left to enjoy your lifestyle:

Now, out of that original $100... minus $35 (taxes) and minus $35 (lost opportunity costs)... we're left with $30 left to live on and enjoy your life.

But not so fast! Don't count up your money just yet!

At some point, someone called a "Financial Advisor" comes into your life and says that you need to save 15% of your wealth so you can have a decent retirement.

So... $100 - $35 (taxes) - $35 (lost opportunity costs) - $15 (retirement) =

$15 to live on.

But what will that $15 in savings do for you?

That same "financial advisor" says something like, "You could probably get 5% on your own. But I'm smart. I can get you 8% (after my fees). I can't guarantee it, but I have these charts that show the average returns for the past 20+ years."

8% - 5% = 3% difference increase

3% of $15 = 45 cents

Through all of that... your advisor wants to help you increase your total situation... by 45 cents!!

But David... how are YOU different?

Imagine if... we can save JUST 3% from what you paid in taxes and lost opportunity costs... and we put THAT money to work for you instead - without stock market risks or additional fees on that money AND you can LIVE on the remaining $30 (not just $15)?

$70 (taxes & lost opportunity costs) x 3% = $2.10

A 4.67x more effective financial strategy!!!

This is why I believe that there is greater opportunity in avoiding the losses than there is in chasing rates of return by just being more efficient with what we have.


3578 Atchison Circle
Riverside, CA  92503-5166 

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Regulatory Disclosure:

David H. Kinder, ChFC® is regulated by the California Department of Insurance as a life, accident & health insurance agent (CA Insurance License #0E54187)​.  This communication is strictly intended for individuals residing in the state(s) of CA. No offers may be made or accepted from any resident outside the specific states referenced until proper state insurance licensing and company appointments are secured for that given state. David Kinder Insurance and Financial Solutions is the marketing name for David H. Kinder, ChFC® and is not affiliated with any other company.  Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Guarantees do not apply to the performance of any particular index option on fixed indexed insurance contracts, or on projected dividends on participating insurance contracts.  Not all recommendations necessarily require insurance product purchases. Not all products are appropriate or available for all situations. Results are not guaranteed and are subject to individual situations and circumstances. Listing company client access links under the "Client Access" menu does not constitute any endorsement, filing, or approval of this website or its content by such listed companies.  Client access links are provided for client convenience only.

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The material discussed on this web site is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice, nor does it represent any specific company or specific products.  David H. Kinder, ChFC® is not registered nor licensed as a Registered Investment Advisory Firm (RIA), Investment Advisor Representative (IAR), nor as a Registered Representative (RR) with any broker/dealer firm, and is therefore not registered with, or supervised by, the U.S. Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), or any state securities regulatory office.  As such, David H. Kinder, ChFC® does not provide investment advice, specifically: buying, selling, holding, risk analysis, or any other analysis of securities, nor the asset allocation of securities portfolios. For specific investment advice on your securities investment portfolio, please contact a licensed and registered investment professional in your state.

He does offer general investment information for educational purposes and may propose alternative financial strategies that do not contain or include securities. He does also discuss the pros and cons of various kinds of accounts (such as IRS Regulated Retirement Plans) and is considered incidental advice surrounding various strategies and solutions, but does not necessarily constitute advice on the underlying securities.  

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