Monday, October 13, 2008

Invest wisely. Scrap your 401k


For many Americans, 401k's have been instilled into our minds as the secure way to invest in your retirement. What we don't realise is that the 401k, or IRA's, were set up by crafty financial analysts who want your money. You have no freedom of movement in your 401k. You are penalized if you decide to move it around to gain more interest. You are taxed if you have a, "Hardship", and you never know who is in control of your money. The government told your parents and grandparents that putting their retirement in a qualified institution will ensure their retirement prosperity. That, of course, is a lie. 401k's are not yours! Believe it or not, the market or Wall Street controls how much your 401k grows over a period of time. Not to mention the little hiccup we have witnessed on Wall Street lately will determine how your 401k performs. Many senior citizens lost their entire life savings ( 401k's ) when Merrill Lynch and Lehman Brothers went under. They trusted these institutions who said," We are federally backed and insured." I am going to give away Garrett B. Gunderson's book, "Killing Sacred Cows", for free to the first five people who comment on this post. Then I will give you information on worthy investments for your retirement. This is so important to me and I know it is important to others. My dad pulled his 401k out of Merrill Lynch right before they went broke. He now has his money in a performing investment. If you want more information about how to invest your money wisely, contact me through my email at cwebb28@gmail.com.

1 comment:

marlet said...

Thank you for your wisdom!...Let's hope we find a solution for future retirement investments...like privatizing social security!...LMAO!!