SOLUTIONS for FINANCIAL WELLBEING -
Posts tagged 401(k)
Stay Away from 401(k) — A Safer and more Lucrative Alternative is Available.native
Feb 19th
A 401(k) ALTERNATIVE
Insanity is doing the same thing you have been doing and
expecting different results.
Einstein.
My main concern is preservation of capital, safety and guarantees for your money.
If you like to take risks, what I suggest probably won’t interest you.
So, stay away from the 401(k). Don’t take my word for it – watch all these videos and see what others have to say about retirement accounts. Stop the Insanity people. There is a safe and secure alternative. Banks, Corporations and Colleges have been using it for years. Now you should use it as well. See more videos below about this incredible alternative.
1. 60 minutes – CBS – 401(k) Fallout – Video
2. CBS News – The creator of the 401(k) stated the program just isn’t working - In 1980 Ted Benna created the 401(k). He now says the strategy of diversifying just doesn’t work.
3. TIME in partnership with CNN - It is time to retire the 401(k) – Video
What is so enticing about the 401(k)? There much better alternatives for making certain your retirement is going to allow you to continue living the lifestyle you enjoy now?
1. Tax deferred growth is constantly touted as a benefit – Let’s take a closer look at what this actually means: Isn’t the IRS saying – you don’t have to pay taxes on this bag of seed you put into your retirement account now, but, when you take out that bag of seed that has grown into 20 bags of harvest, then you have to pay tax on the whole twenty bags. O.K. ? And that is what we are all encouraged to do, and do do.
Tax Deferred is great when there is a way to have tax deferred growth AND have access to that growth tax free as well. Keep reading to find out how.
Some facts about 401(k)’s
1. Employer matches or at least adds funds to your plan –This is a tax deduction for them and means they pay you less money.
2. Must pay penalty for using money before you turn 59 1/2 – too bad that it is your money. You must pay to have any use of it because while you are using it, they are no longer able to lend it or invest it to make themselves profits.
How could you be using that money during your lifetime instead of being taught that you are not disciplined enough or too stupid to be able the best use of your own money. Learn how to multi-task your money and have control of your money. I am happy to share some pertinent information with you so you can be in control of your money. You are smart enough.
3. * 401(k) is only 30 years old. It is a broken system. 28.3% losses in 2008.
* Social security is 70 – 75 yrs old. Cannot sustain itself
16 paying for 1 retiree, now 3.5 paying for 1 retiree + work 5.9 yrs longer now.
* 82% of 65 year olds only have an average value of $182,213 in their IRA. Every IRA has an IOU to the IRS – 25% will go to taxes. How many years will what’s left last?
4. You have no control of your money after you put it in this account. Who decides where it is invested and how much growth it will earn or lose? Do you know?
5. There is no guarantee at all that you will not lose your principal or accrued interest.
6. Must pay taxes on all growth as well as the principal when withdrawn. Most people are still having to work, to at least age 65 so withdrawing this money increases your income. Do taxes usually go done over time?
7. You never know how much you will have upon your retirement. This is really helpful for planning your future, …NOT.
8. Who can even afford to put enough (extra) money away for retirement so you will be able to lead the type of lifestyle you are leading now?
9. It is time to stop giving your money away for other people to use at their will and start being in control of your own money. There is a much safer, much more stable, time-tested for a longer period of time, and has much more growth. Do yourself a favour and at least look into this system.
Superior Alternative
A Dividend Paying Whole Life Insurance with Specific Riders and Design is the solution. Only ONE Particular Patent Pending Policy Will Work Best. Call me to see which one I recommend.
Here is some general educational information about WLI. – Video
CNBC Interview on Insurance as a new asset class for the General Public. – Video
A Patent Pending Policy Offers all the advantages you see below and more.
FILL OUT THIS FORM AND EMAIL IT TO ME SO YOU CAN HAVE A FREE ILLUSTRATION DONE OF YOUR FINANCIAL SITUATION.



