The Progress Project began development in 2008 as a strategic plan to mitigate Great Recession related losses of trillions of dollars of productive Americans’ personal and retirement plan savings and non-profit organizations’ endowment funds. As a result of Great Recession losses American savers had multi-trillion-dollar retirement savings deficits and 501 (c) 3 non-profit organizations had multi-trillion-dollar endowment deficits.
The Progress Project accessed findings of decades-long, privately funded research projects, the Economics of Life Research Project, the Doctors Research Project, and the Permanent Endowment Research Project, to devise a strategic plan and develop evidence-based planning programs to implement a loss recovery and savings multiplication process that would restore Great Recession losses and build future retirement savings and endowment assets for productive individuals. The outcome of this initiative was the creation of the New Economic Order Planning Program.
Beginning in 2009, resources were identified that were required to implement the Progress Project strategic plan to create 440,000 qualified and non-qualified retirement plans to mitigate productive individuals’ retirement savings deficits, and to implememnt 8,300 Permanent Endowment Plans to mitigate 501 (c) 3 Organizations’ endowment savings deficits. An operating entity, ASK Consulting, LLC was formed to contract with life insurance companies to gain access to the guaranteed outcome financial instruments that were required to implement the New Economic Order Planning Program.
Pilot projects were initiated in Hawaii, Southern California, and Utah to test the effectiveness of New Economic Order Planning Program components. After the successful completion of the first round of pilot projects, a second round of pilot projects were initiated in Indiana and Colorado in 2012 to develop personalized, annual, capital accumulation plans for highly productive individuals and endowment creation plans for affluent individuals.
In 2014 a project was initiated with a Vermont based technology company, PlanGen, to integrate the New Economic Order Planning Program’s personalized written capital accumulation plans with custom designed qualified and non-qualified retirement plan proposals that integrated values of guaranteed outcome life insurance company protection and life income products into the planning process for highly productive individuals. This hi-tech integration of evidence-based, personalized planning with customized retirement plan design that included the values of guaranteed outcome plan funding instruments of life insurance companies provided a unique platform to accomplish the objectives of the Progress Project through the implementation of the New Economic Order Planning Program.
Commercial bank depository and lending programs were also developed and integrated into the New Economic Order Planning Program capital accumulation planning component to accumulate funds for highly productive individuals to fund asset protection programs and pension plans, and to deploy leverage to accelerate the accumulation of retirement savings and guaranteed life income.
Employer Cash Management Accounts accumulate highly productive individuals’ pre-tax and after-tax surplus earnings and allocate these funds to acquire income and asset protection plans and to fund qualified and non-qualified retirement plans. One iteration of the Retirement Accelerator Loan Program enables highly productive individuals to increase their annual pension contributions by $90,000 a year for five years, which creates $1 million more retirement savings than they would have had in their existing financial structures. Another iteration of the Retirement Accelerator Loan Program enables highly productive individuals to increase their annual contributions to non-qualified retirement plans, which creates millions of dollars more spendable retirement distributions than they would have had without the assistance of the banks.
The 2017 Jobs Creation and Tax Act provided the opportunity for the Economics of Life and Doctors Economic Research Projects to identify tax-free compensation that could be allocated through the New Economic Order Planning Program by both credit worthy and non-credit worthy individuals who were age 55 and under, to fund non-qualified retirement plans that generated tax-free retirement distributions.
In 2018 the Progress Project strategic plan was expanded to include capital accumulation planning programs for millennials and for GenXer’s. A smartphone application was integrated into the New Economic Order Planning Program to provide a personal cash management system for Millennials and GenXer’s that enabled them to accumulate savings to allocate to acquire catastrophic loss protection and guaranteed life income programs that are underwritten by life insurance companies that provide financial instruments to the New Economic Order Planning Program.
In 2022 the Progress Project will begin the recruitment and training of the first 500 New Economic Order Planning Program Financial/Endowment Counselors to assist productive individuals with their implementation of their personalized New Economic Order Planning Program Capital Accumulation, Capital Distribution, and Endowment Creation Plans. 8500 Counselors will be recruited and trained by the end of 2027. New Economic Order Planning Program Counselor training and mentoring programs include training in the Agent of Progress Communication, Marketing, and Sales System was developed from findings of the Agent of Progress Research Project and proven to be effective over four decades of testing.
A monthly series of “New Economic Order Planning Program” recruiting seminars for life insurance agents, and a separate “Career Opportunity” seminar for veterans, college graduates and other productive individuals seeking rewarding six-figures annual income careers financial services careers was also developed. New Economic Order Planning Program recruiting seminars will be held regionally across the United States during the next five years. Monthly Agent of Progress System and New Economic Order Planning Program training programs will also be provided to recruits across the United States, as the Progress Project expands the New Economic Order Planning Program distribution channel during the next five years.