The 401k Fallout
Monday, February 15th, 2010 at
8:41 am
CBSNewsOnline asked:
Checked your 401k lately? The recent financial collapse has devastated this retirement resource. Older workers are hardest hit, as their financial futures may now be at risk. Steve Kroft reports.
Tagged with: Fallout • Older Workers • Retirement Resource
Filed under: Retirement
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You’re company is doing a great step in the right direction. With taxes earmarked for skyrocketing, the Tax Free Benefit of the Roth is essential. if you can do a Roth Fixed Indexed Annuity, that would be best. If not, remember “slow and steady wins the race”. Don’t risk and go for high returns.
Thank you for this video. My company just started a 401K Roth Plan. Do you know if that is any different than what is being talked about here?
If you invest in FIXED cash accumulation vehicles like Fixed Indexed Annuities, and Properly Structured Maximum Tax Advantaged Life Insurance Contracts, AND 412(e)(3) defined benefit pension plans, you can ABSOLUTELY GUARANTEE your principle, your interest, and your secure retirement. ABSOLUTELY ! Nice Job 60 Minutes !
I’m glad I cashed out my 401k alot of the older guys I work with have lost at least 50% of there retirement money. Giving your retirement money to wall street is gross negligence wake up ! people.
This should be enough to scare anyone. I am glad I invest a IUL! If your watching this you should consider it as well. E-mail me for details!!!
Its better to contribute to a 401K roth! Diverify, difversify is the key to sucess, americans, there are other options you can role your 401K acounts to.
You our really missing it
You guys still out missing it
I provided this story any questions i can help
I provided this story
Its all fucking bullshit.
80% of 401k participants do not change their portfolio selection from enrollment. BUY and HOLD has not worked for this decade. You need an active management option in your 401k that moves your money out of the market when it tanks! They are out there.
there are penalites if you take out money from 401k before he reach 59 1/2. plus, when you do reach that age and retire, you still get tax.
Then they should put pressure on their 401k managers. Most at least have a capitol preservation option, similar to cash. At one former employer, we not only forced better fund options, we made the employer dump the current provider.
Most 401ks don’t allow you to move into cash. Idiot.
Why do people stay in funds that drop so much money? Duh. Cycle out of the and into cash, don’t just shut your eyes.
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