Judging by the questions we’ve been getting from subscribers, there’s a good chance you may have missed some of these 5 important recent stories…
1. New Wealth-Killing Revelations About Your 401(k) and IRA
While doing research for my new book (The Bank On Yourself Revolution, due out on February 11), I came across four stunning new revelations about 401(k)s and IRAs. If you have money in one of these plans, I urge you to read this exposé to find out how to protect yourself from making costly mistakes.
2. Is Bank On Yourself “Snake Oil”?
[Read more…] “Top Five Recent Stories from Bank On Yourself”
Have you noticed that every day it seems we get a new reminder of just how badly Wall Street has failed us? One of the latest reminders is simply astonishing.
Do you know what a “Target Fund” is? This increasingly popular choice for 401(k) plans is a mutual fund billed as a one-stop solution for investors saving for retirement. You put your money in a single fund linked to the year in which you plan to retire, and the fund company does the rest.
The idea is that the company invests your nest-egg more conservatively every year, so that when you’re ready to retire, your money will be there for you.
So how well do you think that strategy worked last year, for investors who pinned their hopes on retiring next year? [Read more…] “Wall Street fails those planning to retire next year…”