I have written at length about my research into the wealth-killing traps of 401(k)s, IRAs, 403(b)s, and Roth plans… and how to avoid them.
In this post, I’m going to talk about the trap of retirement plan unpredictability, and I’ll start by asking you a critical question:
Do you know what the value of your retirement account(s) will be on the day you plan to tap into them… and in 20 or 30 years?
If your answer to that question is “no,” then you don’t have a plan – you’re gambling.
Yet isn’t the money you’ve earmarked for retirement money you can’t afford to lose? On top of all of life’s stresses, do you really want to have to worry about when the next market crash could wipe out 50% or more of your life’s savings – as has happened twice just since the year 2000?