Retirement Income Illusions: The 401k Myth Exposed |

[@christianallen9947]

Yeah, that’s a great comment! I think that’s totally reasonable to be concerned about. My hope is that they would grandfather anything from before a tax law change rather than completely moving the goal post. . . And yet, there’s no guarantee of that so you want to go in with eyes wide open!

[@christianallen9947]

I agree! Any roth is likely going to be a better option from a tax standpoint. There are some contribution limits and potentially investment limitations but I’m all for a self-directed Roth 401K!

[@TheNotimprezed]

My problem with the Roth (and I put money into both regular 401k and Roth 401k) is I'm increasingly convinced we are not far from tax law changes that will make the gains in the Roth taxable. Maybe it will be treated as taxable income, maybe capital gains, maybe a new tax specific to Roths, but our representatives have buried the country in debt and they will be jacking tax rates up in the future. Taxing Roths is easy pickings in terms of it only affecting a limited number of voters.

[@ravishinghunk2671]

Roth 401k is the way to go for me..

[@bsoxs4524]

these guys are insurance and annuity salesmen, they receive massive commissions on anything they sell, please do not listen to them. investing your own money is far better

[@machsixer]

Agreed. Give The Phil Ferguson show a listen. He stresses to avoid those products as well.

[@christianallen9947]

It’s true! We love using the combination of life insurance as a wealth creation tool (not the investment), alternative asset investing and effective tax strategy as the primary pathway to building generational wealth. . . especially for our clientele which consists almost exclusively of high income and HNW individuals. And yes, we get paid a lot (in the form of commissions) for helping people effectively execute the strategies we teach and recommend. Those facts don’t make what we teach any less impactful. It’s still without question the most effective methodology I’ve seen to building prolific wealth. . . And I’ve been meeting with clients for 20 years so I’ve seen a lot of varying philosophies. Finally, as a 7 figure earner myself, I do exactly what I teach my clients to do. I live what I teach. What’s crazy is that it helped a regular Joe like me build a 20M net worth by 40. I’m also fortunate to have 1500 (give or take) successful clients who do the same. Thanks for your comment!