Retirement Plans Torpedoed Despite Rally
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Interesting read - I printed this off and gave it to a guy that does not want to move his old 401k into an IRA.
http://www.thestreet.com/story/10589379/1/retirement-plans-torpedoed-despite-rally.html?puc=_tscrss
Yeah but how do you get him to contribute to his new one after that? Are 401K plans bad, not all of them…do people get overly agressive, yes…Is there a better way, it’s debatable… The only other option would be to pay taxes on the money and contribute to a brokerage account… problem there is no match(not that everyone gets one), plus how many people would actually contribute if they had to do it on there own.
I have a TV in my office hooked up to one of my computer monitors. From time to time, I will play this video for clients: http://www.cbsnews.com/stories/2009/04/17/60minutes/main4951968.shtml It really gets good about halfway through.Interesting read - I printed this off and gave it to a guy that does not want to move his old 401k into an IRA.
http://www.thestreet.com/story/10589379/1/retirement-plans-torpedoed-despite-rally.html?puc=_tscrss
Good stuff. More fine examples of why you’ll never have to apologize for selling an annuity.
Actually, hooking the TV up to the computer was a brilliant idea. There are several different videos I show them depending on their situation. It does a couple of things. Helps them understand things in easy terms they can relate to and shuts me up for a little bit. I show a video of Ben Stein, which most people know of, and his reasoning for and endorsement of certain retirement planning products. For some clients/prospects, it's a valid outside opinion that has no interest in their situation. Works well.Good video! How do your clients like the TV?