The great misunderstanding about 401ks is that there is no predetermined retirement income benefit.
When you reach retirement, there is no specific dollar amount that you will receive as a pension guaranteed for life.
What you will receive as a retirement income is a complete mystery.
Look at any Wall Street 401k brochure and see if you can find information about creating a pension guaranteed at retirement.
Chances are you won’t find any.
Thats because your 401k cannot guarantee that.
If that is the case, why would any logical person work for 40 years, sacrifice to save, and think this system of retirement would create a secure income guaranteed for the rest of their lives?
The answer is they wouldn’t if they understood what THEY don’t want you to know.
The Wall Street 401k system puts the responsibility for success or failure 100% in the hands of the American worker without giving them the education they need to be successful pension managers.
Even the system of becoming a licensed driver in America has more accountability than creating financial security in retirement. There, you must study, take a test, learn how to drive and then purchase insurance in case you make a mistake!
The 4 most powerful words…
Guaranteed Income For Life