Will my current retirement plans fail me?

The core reality of retirement planning today involves starting early, funding throughout your working years, and staying focused on your plan. Unfortunately what many people think is the “right” way to prepare for retirement — the 401(k) plan — can actually just exacerbate your problems.

Consider this fact:

“Traditional 401(k) retirement plans actually work against you once you retire and start taking income. The reason, all of those dollars you deferred are now taxable and count as ordinary income. This looming tax trap will come at a time that may be devastating to your retirement income, considering that you don’t know what the tax rates will be in future.”

Request more information on the future of your 401(k) and what you can do to protect your retirement income with The Family Retirement Plan.

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Article: Retirement on Hold: American Workers $6 Trillion Short