See Pamela Yellen on First Business (5 minutes), 2010
Bank On Yourself/Scary 401(k) Facts on First Business
In this interview, First Business discusses scary 401(k) facts with Pamela Yellen, Financial Security Expert and Author of the New York Times Bestseller, The Bank On Yourself Revolution, Fire Your Banker, Bypass Wall Street and Take Control of Your Own Financial Future. Pamela shares Information about 401(k)s that investors don’t necessarily pay attention to and information about the “red flags” we all need to watch out for. Investments are being made in our 401(k)s without approval and by people with little or no experience. Companies are automatically enrolling more workers into their 401(k) programs. They are automatically increasing their contribution, and automatically moving our money into more aggressive investments (i.e., Target Date Funds). Pamela provides information about the 2006 Pension Protection Act, “the hidden tax time bomb,” deferring taxes, her favorite saving strategy (Dividend Paying Whole Life Insurance Policies), and eliminating banks, finance companies, the government, and your employer from the control they have over your financial life. Get Pamela’s Free Wealth Building Report here.