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Solace Wealth Management Why 401(K) can spell "Lousy Retirement Plan"

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Solace Wealth Management

Solace Wealth Management


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Why we at Solace Wealth Management think you need to revisit your retirement plan options. This is based on what we know today. Listen via YouTube how in his own words President Obama wants to mandate business run it's own business. I will provide comments as needed. You will need to decided how you want to live in retirement years. The way our Federal Government mandates and dictates based on the current President. Or would you rather have a personal pension plan that you manage? Solace Wealth Management Why 401(K) can spell "Lousy Retirement Plan" Here are some terms you may hear time to time. 401K, 401K plan contribution limits, 401K borrowing rules, individual 401K, Roth 401K, 401K pension, and 401K safe harbor. As you know the list is long and to some very distinguished. Meaning a way to tax you. Let's take a look at the tax deferred model. Your money grows tax deferred. Ok great, now you have retired... house is paid off and your children are grow up. Now you have less tax reductions and more money for the Fed to tax. If you want to learn more listen it. For tax advice see an tax professional in your jurisdiction and for legal advice see an attorney in your jurisdiction.