A million dollars saved for Retirement in a Qualified Plan (401k, IRA, etc.) – that’s a lot of money…but how much retirement income does it provide? Ask yourself this question – “why are you saving for retirement, to create a big account balance or generate retirement cash flow?”
Qualified Plans are the most popular retirement savings vehicle in America today because of the attractive benefits during the accumulation years. However, the truth of how these accounts work is revealed when you begin to take distributions.
In this video, Eric explains how you could be 5th or 6th in line to receive money from “your” retirement account and all the parties that get paid before you do. He then jumps into what he has witnessed about the popular idea that you will be in a lower tax bracket when you retire and how Qualified Plans are really an IOU to the government.