Скачать или смотреть Why the 401k or IRA Should Not be your only Form of Retirement

In this episode, Alan Porter, owner of Strategic Wealth Strategies and a certified financial fiduciary, breaks down the reasons why relying solely on 401ks and IRAs for retirement may lead to serious financial pitfalls. Alan challenges the conventional advice of max-funding tax-deferred accounts, explaining how higher tax brackets in the future can turn these vehicles into a tax trap. He discusses the significant impact of hidden fees—up to 2.99%—that can erode retirement savings and how many people are unaware of the tax burden that awaits them, with rates ranging from 20% to 55% when they withdraw funds.

Alan highlights alternative strategies, such as splitting money into different saving vehicles, including cash value life insurance, which can provide tax-free retirement income and eliminate common risks like market volatility, tax rate changes, and running out of money in retirement. He explains how cash value life insurance, unlike traditional market-based portfolios, offers guaranteed income for life, avoids probate, and can even serve as a college funding vehicle.

Referencing experts and his personal experience with multiple policies, Alan contrasts his approach with popular financial entertainers like Susie Orman and Dave Ramsey, offering a fresh perspective on retirement planning. He invites listeners to explore these unconventional strategies and encourages them to think beyond standard financial planning methods.

For those interested in learning more, Alan offers free consultations and directs them to his website and contact information for further education on these powerful financial tools.