Posts tagged 401(k)

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

Galve­ston County, Texas – A model for Social Secu­rity reform – Insur­ance has bet­ter results than Social Security

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.