Santa Fe, NM -- (SBWIRE) -- 08/10/2011 -- Pamela Yellen, a New York Times bestselling author, financial investigator and savings security expert, says Thursday's 500-point crash is a sign of a continuing weak economy that's pushing more Americans to seek safe havens for their savings outside of stocks and other traditional investments.

"The Dow was down more than 1,300 points in just the last two weeks, plunging more than 500 points today alone," Yellen said Thursday. "The risk has been increasing daily that we will fall into another recession (if we aren't already there), making it likely that the volatility in the markets will only continue, and maybe get worse."

Thursday's crash was largest one-day stock decline in three years. Americans who are sick and tired of such volatility and what Yellen calls the "hope and pray" method of building wealth are increasingly discovering that they can have a nest egg that grows by a guaranteed and predictable amount every year, Yellen says.

Yellen is the author of the New York Times bestseller BANK ON YOURSELF: The Life-Changing Secret to Growing and Protecting Your Financial Future. As a consultant to financial advisors, she investigated more than 450 savings and retirement planning strategies seeking an alternative to the risk and volatility of stocks and other investments. Yellen's research led her to a time-tested, predictable method of growing and protecting savings now used by more than 400,000 Americans. People who want to learn more about this method can visit http://www.BankOnYourself.com.

With stocks crashing and economic uncertainty growing, more and more people are turning to the Bank On Yourself method as a safe and predictable way to grow and protect their hard-earned savings, Yellen says.

"More than $4 trillion of wealth has been wiped out in the past two weeks, but no one lost a single penny in their Bank On Yourself plan," she says. "It's an asset that has increased in value every year for more than 160 years and remains the ultimate financial security blanket in both good times and bad."

For more information on ways Americans can safely grow and protect their savings to achieve financial independence, visit Yellen's website http://www.BankOnYourself.com. In an Aug. 1 blog post on the website, she offers five steps Americans can take to create a self-sufficient financial future for themselves.

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Santa Fe, NM -- (SBWIRE) -- 11/17/2010 -- What started in 2002 as a quest to educate Americans and help them achieve financial security and peace of mind using the Bank on Yourself system, Pamela Yellen came to uncover an all-American treasure more exquisite than she ever imagined.

A financial security expert and the New York Times best-selling author of Bank on Yourself, Yellen was, at first, concentrated on helping people reach their savings and retirement planning goals and objectives using, as she describes, "a seldom-trumpeted, but proven variety of whole life insurance." After extensive research, Yellen created a system that would permit almost anyone – rich and poor, young and old – to wean themselves from dependence on banks, credit cards, auto leases, mortgage companies and the risks and volatility of the stock and real estate markets and traditional retirement plans.

"People could sleep well at night knowing that their savings were growing – safely and predictably – even when the markets tumbled," Yellen says.

Soon, the American public began to come around to Yellen's way of thinking — or at least that's what she believed at the time. People from all walks of life made initial inquiries, read up on Bank On Yourself materials, met with the specially trained advisers and then made the choice to bank on themselves.

"Clients became our most potent marketing tool, as they began sharing the Bank On Yourself concept with their family, friends, neighbors and colleagues, as well as increasing their own commitment to this proven savings and money management philosophy," Yellen adds. "And I'll admit, I was pretty pleased with myself."

Soon Yellen came to realize, faced with overwhelming evidence accumulated by serving hundreds of thousands of Bank On Yourself clients, that Bank On Yourself has been and remains viable solely because of the strength of her "clients' own character – their values, their vision, their intuition, their choice of lifestyles."

"Like the European explorers who credited themselves with discovering the 'New World,' I thought I had discovered the Bank On Yourself Nation," Yellen says. "But in fact, it was a thriving realm long before my arrival on the scene."

For others like herself who have been slow to detect the presence of the Bank On Yourself Nation, Yellen is proud to introduce it and declare her membership in this "unheralded, unincorporated community of fellow citizens whose day-to-day life values and actions – not solely their saving and investment strategies – define and give soul to the Bank On Yourself philosophy and all that it has produced."

To learn more about the Bank on Yourself system or nation, visit http://www.bankonyourself.com/introducing-the-bank-on-yourself-nation.html?utm_source=online&utm_medium=pr&utm_campaign=BNation.

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Santa Fe, NM -- (SBWIRE) -- 11/17/2010 -- Financial security expert and New York Times best-selling author Pamela Yellen has been on a whirlwind media tour in 2010, debunking the myths behind traditional financial investment strategies and revealing the scary truths haunting the 401k's of many employees.

After Americans saw $11 trillion in personal wealth evaporate in the 2008 stock crash, erasing years of gains and causing many to refer to the 2000s as a "lost decade," Yellen made it her mission to spread the word to Americans that they don't have to keep gambling their savings when there is a vehicle that can provide real financial security. Yellen says, "It's the one financial asset that increased in value in the crash of 2008, and in 1929, and in every period of economic boom and bust since: Whole life insurance."

Yellen and the hundreds of thousands of people who use the Bank On Yourself method did not lose a penny in the 2008 stock crash. Instead, they saw their nest eggs keep on growing - safely and predictably - right through the financial calamity. Since the release of her book BANK ON YOURSELF: The Life-Changing Secret to Growing and Protecting Your Financial Future, Yellen has appeared on numerous national media spots, explaining what any investor can do to protect themselves in a bull or bear market.

On her appearance on WGN's Your Money Matters, Yellen explained how 401k's, though popular, are set up in such a way where the growth of an investor's nest egg is strangled by fees and tax laws. Yellen says, "Even if taxes stay the same it's been estimated that over a 30-year period you will end up paying 10 to 20 times more in taxes than the original tax break you received up front."

To see Yellen on WGN's Your Money Matters visit: http://www.youtube.com/watch?v=8_jo11r90qg

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Author, Journalist Unearth Dead Weight on 401(k)s

Santa FE, NM -- (SBWIRE) -- 11/02/2010 -- More than 15 million Americans are unwittingly allowing others to feed off their retirement savings. That is what bestselling author Pamela Yellen and investigative journalist Dean Rotbart conclude in a new expose' that reveals the scary financial surprises buried in many 401(k) plans.

Yellen is author of the New York Times Bestseller BANK ON YOURSELF: The Life-Changing Secret to Growing and Protecting Your Financial Future; Rotbart is a Pulitzer Prize-nominated investigative reporter and editor. They just completed a year-long investigation that determined that annual fees for managing 401(k) investments can eat up nearly 39 percent of an investor's entire life-long savings.

Yellen and Rotbart explain how a typical 30-year-old worker stands to forfeit $64,000 or more in realized savings by age 65 simply by allowing a plan administrator to choose a fund with annual fees of 1.5 percent versus .5 percent. All this is happening with the approval of Washington. In 2006, as part of the Pension Protection Act, Congress approved legislation that shields companies and their 401(k) administrators from liability, if they make certain types of mutual funds the default investment. But these funds are costly, complex and risky.

"What wage-earners have yet to comprehend is that many of the personal retirement accounts they are paying into annually at work will – regardless of how the markets perform over the coming decades – stealthfully bleed each employee of tens of thousands, even hundreds of thousands of dollars that could remain theirs," Yellen and Rotbart state in the article.

The authors reveal why the typical 401(k) investor may need to average an 8-10 percent annual return – just to preserve his or her principal. Read the article here: http://bit.ly/1010CoverStory

About Pamela Yellen/Dean Rotbart
New York Times bestselling author Pamela Yellen is the originator of the life-changing Bank On Yourself system and related personal finance strategies. Pamela has worked as a consultant to successful financial advisors for more than two decades. Learn more at http://www.bankonyourself.com/.

Pulitzer Prize-nominated investigative reporter Dean Rotbart has reported on business and financial topics since 1979. His editorial and research clients include numerous Fortune 500 companies and leading communications agencies. Learn more at http://www.newsbios.com/about_us.htm.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm