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Retirement plan rip-offs
    Retirement plan
    Rip-offs

You just can't imagine how elated I was to see the following small article in the July 20, 1998 issue of Time magazine (page 68).

At long-last, the red-flag warnings I've been giving to teachers for many years are being reinforced by the U.S. Labor Department.

Grant MacLaren

The major lesson to be learned is become your own financial planner. Do not trust insurance salespeople, so-called 'financial planners' or brokers. Creating you own retirement plan is very simple and if you do it yourself, you will have much, much more money when you retire.

Notice the fee paid in the "better" example in the article is .5 %.

You can easily reduce this to less than .2% and have
1) virtually ALL your money invested with one of the very best three or four institutions in the business, and have it
2) working for you, not lining the pockets of some 'planner!'

If you would like to see some postings I've made on the same subject over the past few years, use this link:

[ 403b (and 401k) Rip-offs! ]

If you would like to see the report mentioned in the Time article, use this link:

[ Dept. of Labor report ]