Episode 338: The Four Dangers of Conventional Retirement Plans and What to Use Instead

Not Your Average Financial Podcast™

In this episode, we ask:

• How about getting back to basics?
• Do you need a PhD to be successful?
• Who can opt out of the insanity?
• Has conventional retirement planning failed us?
• Have 401(k)s failed?
• What happened to pensions?
• Is it up to us?
• What is the cost of care?
• What are the problems?
• Do you believe there will be another major market crash?
• Who has changed their behavior?
• Who is guaranteed to get paid?
• What is sequence of returns risk?
• What about the 4% rule?
• What did Wade Pfau say?
• What about a 2.8% withdrawal rate look like?
• What will you need?
• How many years of savings do you have set aside?
• What are your investments going to be worth?
• How many of us will live past age 90? …age 95?
• What might eat away at your savings?
• How much are you actually paying in fees?
• What about compounding?
• Are fees transparent?
• Are fees baked in?
• Are you seeing all of the fees?
• How might we lower fees?
• What about index funds?
• What about no load index funds?
• Is your money locked up?
• What about penalties?
• What about employer restrictions?
• Who can change the rules whenever they want?
• What about bank robbers?
• What about the tax time bomb?
• What about deferral?
• Is it ever a good idea to defer a root canal?
• Would you like to hear Episode 30?
• Who are you underwriting?
• Where will the government get the money?
• What will happen by 2045?
• What about social security?
• What about medicare?
• What will be insolvent?
• Is there any way to avoid these dangers?
• What is safe and predictable?
• What about guarantees?
• What did Mark discover through his financial education as a Bank on Yourself Professional and Certified Financial Planner®?
• How is Wall Street like a crazy rollercoaster?
• What is high cash value, dividend paying whole life insurance?
• How has this been around for centuries?
• What about Bank on Yourself® type whole life insurance policies?
• How is this different from other types of life insurance?
• Would you like to read the Bank on Yourself Revolution by Pamela Yellen?
• Are you too sick?
• Are you too old?
• Who started a life insurance policy at age 85?
• What did the father of the 401(k), Ted Benna say?
• What is a monster?
• Where does Ted Benna put his money now?
• Why would he recommend that?
• What problems does that solve?
  • What about predictable and guaranteed growth?
  • What about control of your money?
  • What about liquidity and access to the money?
  • What about multiple tax advantages?
• Who need to hear this episode?