True Cost Of A 401K Plan! Save For Retirement With The 401k Alternative!

True Cost Of A 401K Plan! Save For Retirement With The 401k Alternative!

Dear friends, We all know how important it is for us to save for retirement. And for most people, a 401k plan, offered by their company, would seem to be the easiest and best option. But, when you give a 401k plan a good, hard look, it isn’t nearly as good as it would appear. (Even if you do get any company match) There are too many fees! And there is a great 401k plan alternative you can use to save for retirement!

The high cost of 401K plans… administrative fees!

Surprisingly, minor administrative fees in the 401k plan can make a substantial difference. A Government Accountability Office study compared the difference between paying 1.5% annually in fees versus 0.5%. It started with an individual’s 401k plan balance of $20,000 and assumed it grew by 7% each year. Paying just 0.5% in fees would leave the person with $70,500 in 20 years. But, shelling out 1.5% in fees slashed the balance to $58,400 during the same period. That’s a 17% haircut to your retirement nest egg. 

However, the real concern is that most people are not even aware there are administrative fees for a 401K plan. A recent LIMRA study shows that 90% of 401K plan participants either didn’t think they paid any fees or didn’t know the fees they paid for their plans. The truth is everyone pays a fee to have a 401K… and workers — not employers — pay for most of the plan fees. The average 401K plan administrative fee is about 0.78% per year. This means you pay $780 annually for every $100,000 you have in your 401K.

Then There Are The Annual Investment and Management Fees for The 401k Plan!

In addition to the 401K plan administrative fees there are annual investment and management fees of 2-4% on each of the accounts that are inside of the 401k. As a result, these additional fees would significantly reduce the amount of money you will have for retirement. And then consider all of the income you take from a 401k is taxable. And you have to count it to determine how much of your Social Security income is taxable?

So when you add up all the annual fees and taxes and a 401k plan doesn’t work very well to save for retirement… even with a company match.

By the way, that same $20,000 earning 7% per year… without any annual fees… would be worth $80,775.

Yes, there are much better ways for you to save for retirement than a 401k plan; where you don’t pay any annual fees; all of your money immediately goes to work for you. And will a little planning you still may get a tax write-off in a different way!

Consider, you can use cash-value life insurance to provide a tax-free retirement income. Like a Roth IRA, you do not get a tax write-off, but the income you take in retirement is tax-free! So you can use life insurance as a Roth IRA alternative!

A Great 401k Alternative

If you need life insurance protection, then cash-value life insurance is a great 401k plan alternative to save for retirement.

Trusted Advisor Success ProgramOur Trusted Advisor Success Program (Life insurance marketing and sales system) is about you learning to specialize in helping middle-income families find the money to Live Debt Free And Truly Wealthy! It is about you helping middle-income families to find the money to get all the cash-value life insurance they need to protect their families. While you help them find the money to save for a tax-free retirement, save for college, create a family bank, etc. (Using cash value life insurance and annuities!)

Check out our Trusted Advisor Success Program! Because you will get 90 days of personal insurance agent training, coaching, and mentoring… with back-office sales support! All from a team of life insurance marketing and sales coaches that have been training agents and advisors for over 40 years to specialize in helping middle-income families to find the moneyto save for retirement! So you will earn $250k or more per year selling life insurance!

We will show you how to find and attract your best life insurance and annuity sales leads/prospects. So you will set great sales appointments. Then we will show you how to help middle-income families see and want to solve their immediate money problems. We will also show you how you can help middle-income families find the money so that they can buy life insurance right now!

Then we will show you the best ways for you to present your solutions to your clients and prospects to close 9 out of 10 life insurance sales. So that you will earn $250K, or more this year selling life insurance and annuities like the legends.

It is the best-specialized life insurance marketing and sales system, training, coaching, and support for insurance agents and advisors to learn how to help middle-income families save for retirement!

When Will You Get The Best Advanced Life Insurance Marketing, Agent Training, Coaching, and Support You Need Specialize… To Find and Attract Your Best Life Insurance Prospects?

Inside our Trusted Advisor Success Program, you will find all the best life insurance marketing plans, sales strategies, and ideas laid out for you! You will learn the best ways for you to use Joint Ventures; Educational Workshops and Seminars; Booklets and Free Reports; Referred Leads; Social Media; Client Newsletters; Annual Reviews;  and more – with all the tools, scripts, and more. Now you can find and attract your best life insurance prospects, set your best sales appointments, and close more sales! Because your ‘specialized marketing message’ to everyone will be all about how you help middle-income families to find the money to Live Debt Free and Truly Wealthy!

You will also get the best life insurance marketing, agent sales training, coaching, and support you need to find the money to use all the HOT Sales Concepts… Wealth In Motion, Infinite Banking. Missed Fortune, Circle Of Wealth, Wealth Beyond Wall Street, Tax-Free Retirement, and more… Because they are part of our Trusted Advisor Success Program. Now you can help middle-income families – not just the wealthy!

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When will you help your clients save for retirement… without paying the fees in a 401k plan. Learn to use the 401k alternative!


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We urge you to take the time to read our 20 Chapter book… ‘Middle American Family’s Guide To Living Debt Free And Truly Wealthy!” Because we give you complete strategies, on how you can help middle-income families to find the money to spend, save, invest, insure, and plan wisely for a secure future! So that you can help them to “Live Debt Free and Truly Wealthy!” As a result, you will understand our philosophies, concepts, and techniques by the end of the book. And finally, you will know how you can make a real difference by helping your family, friends, clients, and neighbors get rid of their debt. So they can save for retirement. So that they will have a secure financial future! Book Outline – Get A Digital Copy of Our 20 Chapter Book! Only $18.97, Immediate Download, ORDER Now!


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2 Comments on “True Cost Of A 401K Plan! Save For Retirement With The 401k Alternative!

  1. Regarding the 401K discussion
    So what is the best retirement plan where you can still get a tax write off ?
    (Cash value life insurance does not give you a tax write off of the premiums)

    • To maintain a tax deduction? Good question. Obviously, a qualified plan with an indexed annuity is one of the best options. However, you really need to weigh out the tax deduction vs not having a tax deduction. There are far better and safer options than a 401k.

      Understand that we are in a period of favorable taxes. So, let me ask you this… Do you think taxes will be the same, higher, or lower in the next 5, 10, 15 years? Personally, I think taxes will be higher than today. So, looking at taking a 20 or 25% savings now, and having to pay 25 to 30% or more later. Does that make sense?
      Working with my clients and agents, we run 100’s of cases a year where we help people to stop funding 401K’s and give up the upfront deduction for TAX-FREE income later. Like I said you have to weigh the tax deduction now, vs the taxes you will pay later.

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