I call it “Financial Prison,” but we can go with “Junk IRAs.” There is a better way to save and store your money for retirement where you have access to cash when you need it, without fees and taxes. Source: Many Americans Have Retirement Savings Stuck in ‘Junk IRAs’ | Money
Tag: Retirement
Here’s How Much You Should Save in Your 401(k) in 2025
Should always try to save and invest as much as you can afford, however, the worst place to save your money is your 401K and retirement accounts. This is financial prison for your own money that make it difficult to access and are taxed and penalized by the government for saving. Source: Here’s How Much… Continue reading Here’s How Much You Should Save in Your 401(k) in 2025
IRA expert: Why traditional retirement accounts have become the worst asset for estate planning
I have said this for many years. Retirement accounts (ROTH aside) are financial prison for your money and the worst place to be saving. If want to learn a better place to save and store your money where you can create your own private family banking system, ask me how. Source: IRA expert: Why traditional… Continue reading IRA expert: Why traditional retirement accounts have become the worst asset for estate planning
The Best Time of Year to Contribute to Your IRA Is Now | Lifehacker
The best time of year to contribute to your ROTH IRA is after you have funded your private family banking system. The best time to fund your Traditional IRA is NEVER. Don’t ever lock up your money in retirement prison. EVER! Source: The Best Time of Year to Contribute to Your IRA Is Now |… Continue reading The Best Time of Year to Contribute to Your IRA Is Now | Lifehacker
How Much You Should Save in Your 401(K) in 2025 | Lifehacker
Wrong, rong, wrong….Yes you should be saving at least 10% of income, up to as much as possible, but never ever put more than the match in your 401(k) prison. The worst place to save and store your money where you have no access to capital, take all the risk, and wall street takes their… Continue reading How Much You Should Save in Your 401(K) in 2025 | Lifehacker
4 Steps to Give Your Old 401(k) a Fresh Start – daveramsey.com
http://www.daveramsey.com/blog/4-steps-to-give-401k-fresh-start/?ectid=elp.fb.post.2-12-2015