Caught Up In the IRA and 401(k) Dilemma

Because of his decades of experience as a financial advisor and consumer advocate, Doug Andrew is often sought out for many different types of advice. He regularly has articles published on how to eliminate entitlement mentality, taking personal responsibility and the best ways to save for retirement. In today’s episode, Doug takes a deeper look at the dilemma faced by those whose savings for the future are being kept in an IRA or a 401(k). Conventional wisdom has driven a lot people into putting their money into these “qualified plans.” What if there was a better way to accumulate your retirement nest egg while enjoying liquidity, safety and predictable rates of return? Even better, what if your money grew tax-free instead of tax-deferred?

Check out this preview of what Doug shares in today’s episode:

  • Just because the crowd is saving for retirement in IRAs or 401(k)s, does that somehow lessen the risks involved?
  • The last couple of economic downturns ended up being very costly for those whose money was directly at risk in the market. Is there a way to protect your savings from the next downturn?
  • Is it possible to benefit from those years when the market grows yet not lose money during those times the market falls? Doug explains how this is so.
  • Learn what happens to so many Americans that puts them in a higher tax bracket at retirement than they were in before.
  • To teach the difference between tax-free and tax-deferred savings, Doug has a powerful farming analogy about whether it would be better to pay taxes on the seed or to wait and pay taxes on the harvest.
  • If you want to access your retirement money with as few strings attached as possible, what’s the best vehicle to save in?
  • And much, much more…

Start by visiting with a wealth architect today.

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.