A New Way of Thinking in Retirement Savings

I’ve recently teamed up with Merle Gilley and he has a series of short, free videos that will introduce you to this new way of thinking to protect and grow your money.

Click or enter this web address into your browser: http://www.myfamilyfinancialmiracle.com and enter promo code 000817 for instant access.

Over the years, Wall Street has done a great job advertising for qualified plans such as (IRA, 401(k), 403b) by using those cute commercials we've all seen; "Follow the green line to financial independence." - "Setting aside orange money for retirement." - "What's your number for retirement?" and there are countless others.

It's marketing, it's a sales job and most individuals have bought into their premise because it's easy to set up and contribute to using payroll deductions. Wall Street is nothing more than a casino, and you know the saying, “The house always wins." Just like in a casino, you have the possibility of a big payday, and you've heard it over and over again how someone has made millions in the stock market. They don't tell you about the others, which are most individuals, who lose even if the stock market should go up. What does the average everyday person know about investing in the stock market? Not much. They rely on their stock brokers and in most cases their company's 401(k) administrator for advice. And how much training does your 401(k) administrator have? If you're lucky, you're in a big enough company that can afford larger firms to control your 401(k) who have the education to help. Unfortunately, most 401(k)s only offer expensive mutual funds that you can invest in.

Recent studies have shown that most individuals don't completely understand their 401(k) plan.  Most know the basics but not the details.

Bad News - The mean average 401(k) balance for individuals retiring today, as reported by Vanguard at the end of 2014, is $202,800; however, the median balance is only $72,957.  What does this mean?

A critical difference - $202,800 is the average; however, the median of $72,957 is a more appropriate number to use because it reflects what you would get if you ranked all the accounts by the size of their balance and then picked the one right in the middle. Imagine a series of five numbers: 50, 50, 50, 50, and 300. Their average is 100, but their median is 50. If they represented 401(k) balances, which number would more accurately reflect the typical saver's situation? Given the average and median balances of $202,800 and $72,957, respectively, it's clear that some people have very big balances, while most do not. The "typical" saver has just $72,957 after 40 plus years of savings.

Well, how would you like to create your own retirement plan, without government intervention and without the fear of losing money when the market corrects, but at the same time allows penalty free, anytime tax free withdrawals?

New IRS codes and strategies developed in 1999 have paved the way for the average person to do just that. These plans:

•    Allow you to contribute as little or as much as you’d like.
•    Protect your Investments and principle.
•    Don't lose money to the Stock Market.
•    Provide potential double digit growth.
•    Allow penalty free, tax free, anytime withdrawal.
•    Remove the IRS.
•    Start at any age, you’re never too young or too old to start building financial independence.
•    Help you build a retirement income that you'll never outlive.



Click or enter this web address into your browser: http://www.myfamilyfinancialmiracle.com
and enter promo code 000817 for instant access.