401k Investment Strategy - A Popular Tool for Retirement Planning
401k Investment Strategy - It seems everyone has one! Why not? Doesn't the Internal Revenue Service provide us with a wonderful vehicle to set aside pre-tax dollars for long-term investment? Isn't the tax-deferral on our investment dollars and investment gains the greatest financial planning tool around?
Who wouldn't fund their 401k Investment Strategy to the fullest extent allowed by law?
401k Investment Strategy - A Time to Reevaluate your Overall Plan
One question -- Is your 401k Investment Strategy aligned with your overall financial objectives? Are you trying to save money to survive retirement or are you seeking true wealth to enjoy retirement?
Depending on your answer, you may want to reexamine your 401k Investment Strategy and your general reliance on qualified retirement plans for your future.
At Personal Equity Institute, we understand how the money system really works. While the IRS does give us some financial mechanisms to help us achieve our long-term financial goals, we also know that many of those mechanisms won't work for true, long-term, wealth-building. Here are some things to consider:
We think it's important to understand that the tax-deferral system inherent in qualified retirement planning assumes that you will be in a lower tax bracket during retirement. Is this a plan for financial success or financial defeat?
We want to make sure you're planning for your retirement dreams, not your retirement necessities. Does your 401k investment strategy fully align with your overall wealth building plan, or does it align with the comfort zone of your financial strategist, bank, or employer?
We suggest reexamining your 401k, IRA, pension, or other qualified plans to make sure they're really accomplishing what you expect. Have you asked all the right questions? Do your advisors have all the time-tested answers?
We recommend investigating some non-qualified retirement options, which may actually provide more tax savings and more usable retirement income in the end.
How about a retirement strategy that provides access to your money, rather than locking it away for decades?
How about a financial program that allows you to leverage your current finances to enjoy life now, rather than freezing funds for future retirement?
How about a tax-free or tax-deductible investment alternative, rather than a 401k investment strategy that's merely tax-deferred?
Using Personal Equity Institute’s “Be the Bank” Process will provide the answers to all of the above questions.