Pitfalls of Typical Fiancial Planning
Typical financial planning has failed, leaving many dependent on social security. 401Ks, simple IRAs and other Tax Qualified Plans, are the \u201cgolden goose\u201d that can kill you financially if you don\u2019t know and understand the \u201cterms and conditions\u201d of each.
Although it seems like \u201cfree money\u201d when your employer is contributing some sort of match, will that \u201cfree money\u201d actually cost you in the long run?
In today\u2019s episode, Tom and John talk about some of the consequences that could ensue in the future with these typical systems. Surprises can be nice, but tax implications you didn\u2019t expect to have, aren\u2019t.
Don\u2019t get caught by surprise, understand what\u2019s ahead. Listen Now.