Friday, June 15, 2012

10 Ways A 401(k) Can Fail You

After reading this article, I noticed there is one glaring omission among the 10 ways a 401(k) can fail you. 

#1: A 401(k) cannot guarantee an income for the rest of your life.  Isn't this the whole point towards saving for retirement?!? 

The other 10 ways are awful enough.  A 401(k)  is a retirement scam created in partnership by the government as a loophole for excessive taxation and Wall Street as a way to lock you into a scheme for the rest of your life where they get to bilk you for fees whether the funds perform or not!  If you haven't researched Bank on Yourself, google it and discover what you wished you would have started when you were in your 20s.

To get the free Bank on Yourself report, go to www.FindOutMoreNow.com and enter my advisor code: JM66

The Experts Get It Wrong Again

"Employees who work for companies with low fees and strong investment options — and who are fortunate enough to retire during or after a bull market — can do well in 401(k)s, experts say."

Quoting unnamed "experts" is another way the media pushes conventional wisdom and molds your financial behavior.  The 401k experiment has had over 30 years to get it right.  The so called "experts" are wrong.

WILL YOU BE FORTUNATE ENOUGH TO RETIRE DURING OR AFTER A BULL MARKET?  Fees matter but not as much as losing 20% or more of your nest egg at the wrong time!

Don't fall for the BS.  What you want are guarantees, safety nets, and free withdrawals anytime.  Wall Street cannot and does not provide them. 

If you have a 401k or IRA, let me know please.  The more options you have now, the more peace of mind you'll have later.  That's the truth no matter how you slice it.

To get the free Bank on Yourself report, go to www.FindOutMoreNow.com and enter my advisor code: JM66