Dirty Little 401(k) Secrets Revealed
For followers of the Annuity Think Tank blog, you most likely know are feeling on the current defined contribution 401(k) plans – that they usually fall well short of their owner’s retirement objectives. They are 100% taxable (so that $1 million 401(k) is really only approximately $750,000 – assuming that taxes don’t increase significantly to pay for our out of control debt), there are many hidden fees that are currently not disclosed well, and most importantly, a 401(k) can NOT contractually guarantee lifetime income.
We found a great piece called “Dirty Little 401(k) Secrets: What Every Participant Needs to Know” that really hammers 401(k) pitfalls and shortcomings. This is a piece that every consumer not fortunate enough to have a pension needs to read. The paper features six 401(k) secrets that few in this country are actually aware of. A big thanks to Verna Corriveau-Schoen of Robertson Wealth Management for the great piece.
Click the link to download the full 10 page PDF – Dirty Little 401(k) Secrets