Posted on | November 1, 2009
Time to Replace the 401(k)
- buy cialis 32
- cheap online pharmacy viagra viagra
- ciao buy now viagra url
- cialis costa rica
- safe site to purchase viagra
- mexican pharmacy viagra
Consider these revealing quotes from the article:
“The ugly truth, though, is that the 401(k) is a lousy idea, a financial flop, a rotten repository for our retirement reserves…From the end of 2007 to the end of March 2009, the average 401(k) balance fell 31%, according to Fidelity.”
“In what must seem like a cruel joke to many, the accounts proved the most dangerous for those closest to retirement. During the market downturn, the 401(k)s of 55-to-65-year-olds lost a quarter more than those of their 35-to-45-year-old colleagues. That’s because in your early years, your 401(k)’s growth is driven mostly by contributions…But the longer you hold a 401(k), the more market-exposed it becomes.”
“…nearly 73 million Americans…now have a 401(k). And collectively we pour more than $200 billion into these accounts each year. But retire rich? Don’t bet on it. The average 401(k) has a balance of $45,519. That’s not retirement. That’s two years of college. Even worse, 46% of all 401(k) accounts have less than $10,000. Today, just 21% of all U.S. workers are covered by traditional pensions, and the number shrinks every year.”
It’s time to stop relying on the government to provide retirement for us. We can’t even trust their incentives. They give us a tax break up front but then get it back by taxing us when we withdraw our funds.
The 401(k) Replacement
There is a solution to the 401(k) dilemma. It’s a product that guarantees safety of principal while providing competitive rates of return. It provides liquidity and flexibility. It keeps you away from the dangers of market volatility. Best of all, it provides both tax-free accumulation and tax-free withdrawal.
This product is a maximum-funded, tax-advantaged life insurance product that uses an indexing strategy to lock in your gains and prevent losses.
Everyone who has followed our advice has not suffered any losses, while those invested in the market have been devastated.
2-Day True Wealth Transformation Clarity Retreat
Our retreats help you optimize your assets, manage your equity, and empower your wealth.
Our next retreats are November 6th and 7th in San Diego, California, and November 20th and 21st in Salt Lake City, Utah. Contact us now to learn more and to register.