401k’s are great but they do not provide guaranteed income in retirement, only pensions and social security do. Guaranteed income is the only solution to the number one fear in retirement, outliving your savings. The problem is that now only 9 percent of private employers provide a traditional pension and our social security system is nearing bankruptcy. Even though company pensions are all but gone, this doesn’t mean every individual can’t create their own through payroll deduction! And because these are based on contractual guarantees not market performance they are a great compliment or a safe alternative to the traditional 401k.
· Creates guaranteed lifetime income· Provides guaranteed growth· Contains zero downside stock market risk· Cash value grows without risk· Can be an IRA, Roth IRA, or simply After Tax money· Simple and transferable payroll deduction, bank draft, or automated bill pay