Timely Advice for Anyone Facing the IRA/401(k) Dilemma




Live Abundant Radio with Doug Andrew show

Summary: There's no shortage of news and financial periodicals seeking out Doug Andrew for his advice. This is particularly true when it comes to ways to save for retirement, abolishing the entitlement mentality and teaching personal accountability for families and businesses. One of the common themes that Doug has touched on is what he calls "the IRA/401(k) dilemma." Because so many people use these savings vehicles to save for retirement, it's tempting to simply run with the crowd. However, if you're serious about protecting your retirement nest egg, Doug teaches that you'd be wise to carefully consider what may be better vehicles in which to save. Here's a quick preview of what Doug covers this week: * How have "qualified" IRA/401(k) savings plans fared during the last couple of economic downturns? Are you willing to risk up to 40% of your retirement savings to find out? * Learn the difference between being a doomsayer and being a realist when it comes to understanding market volatility. * What do the folks who didn't lose a dime in the last two market corrections know that you don't? There's nothing magic or secret about it, they simply took steps the crowd hasn't taken. * Do you understand the difference between tax-free and tax-deferred savings? Check out Doug's farming analogy to learn if it's better to pay taxes on the seed or to wait and pay taxes on your harvest. * Discover the best retirement savings vehicle that allows you to access your retirement money with as few strings attached as possible. * Why do so many people find themselves in a higher tax bracket at retirement? The answer is obvious but still takes many people by surprise. * And much, much more… Start by <a href="http://liveabundant.com/free-analysis/" target="_blank" rel="noopener noreferrer">visiting with a wealth architect</a> today. *Life insurance policies are not investments and, accordingly, should not be purchased as an investment.