Search results for: 401(k)

Comparing 401Ks to Bank On Yourself

…for retirement. However, they come with numerous drawbacks, 401K withdrawal rules and restrictions which are spelled out below. We’ll also look at how 401Ks compare with using Bank On Yourself…

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Coronavirus Pandemic Exposes Cracks in 401(k) Plans

401(k) says it’s a monster that should be destroyed. But the pandemic, shutdown and resulting economic downturn have exposed dangerous cracks in the 401(k) system. I’ll explain three of them…

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Two New 401k Revelations

…there have been new studies revealing just how devastating to your financial health a 401(k) can be: Recent 401(k) Wealth-Killing Revelation #1: A new academic study by two Yale and…

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Are you putting your retirement savings in prison?

…investor pays in 401(k) fees could add up to significant costs over the life of a 401(k) plan. For example, for an employee who has been working for 35 years…

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How to Trade In Your 401(k) for an Increasing Guaranteed Income for Life

…2: Redirect Future 401(k) Contributions to Enjoy Multiple Benefits and Tax Advantages Rather than funding a 401(k) at his new job, Jason puts the same $19,000 a year he was…

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Congress Considers Axing Your 401(k) Tax Deduction

…deduction for 401(k) contributions. And one proposal would also change the tax-deferred nature of 401(k)s by imposing a 15% tax on your annual gains. Why would Congress consider tinkering with…

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Why Most Early Proponents of the 401(k) Now Say It’s a Failure

…Reasons Your 401(k) is a Scam In a recent blog post, I discussed 6 reasons 401(k)s are a scam. Think you’re getting “free money” in the form of a 401(k)

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Important 401K and IRA Advice

…even worse than 401(k) fees While all the attention has been focused on the confiscatory fees you pay in a 401(k) plan, IRA fees have gotten ignored. Many people assume…

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Why More Experts Are Now Saying It’s Time to Ditch Your 401(k)

…Experts Say the 401(k) is a 40-Year Experiment that’s Failed… In addition to creating a totally unpredictable future tax liability, experts say 401(k)s come with other wealth-killing pitfalls: The employer…

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