Tom Daniels was an average middle-class American in the 90s. He worked for a Fortune 100 computer company that offered a traditional pension program.
He knew that a pension alone wasn’t going to help him reach his retirement goals. So when the company announced a new 401(k) program, Tom enrolled.
For several years, his 401(k) grew faster than expected. Tom was putting in the maximum 15% of his paycheck, the company was matching the first 5% in contributions, and high investment returns were starting to make retirement look possible.
Then, the dot-com crash changed everything. Tom lost 33% of his 401(k) virtually overnight.
The company responded by hiring new management and a new trustee for the 401(k) program. Now there was a broader menu of investment options with names like “growth fund” and “balanced fund.” These funds didn’t seem match individual investor plans, such as those offered by big name mutual funds.
Finally, with a cracked nest egg and more questions than answers, Tom turned to a financial advisor who understood what the plan was and new of an unpublicized “back door” that allowed participants to invest in mutual funds available to individual investors. He put together a diversified and growth oriented portfolio. Almost immediately, the 401(k) started earning higher returns, eventually making up half of his previous losses.
Then another unexpected blow. During 2006-2009, Tom lost another 50% of his retirement. Shortly thereafter, Tom was permanently laid-off and decided it was time to get out of the roller-coaster
For the next 2 years, he looked for a way to build a solid nest egg completely apart from the stock market. He knew he had options, and also knew that he didn’t understand those options.
Then, Tom discovered an obscure 46-year-old law created by the IRS that helped him earn worry-free consistent returns while creating 100% tax-free income for life.
Today, Tom has full confidence in his financial future. Do you?
WARNING: Proceed with caution. Taking control of your retirement requires understanding the financial system as well as the wealthiest 1% of Americans.
Being willing to take charge of your financial destiny is only the first step. If you don’t know how to navigate the latest investment laws and IRS tax codes, you’ll get slapped with penalties and interest.
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