Not Your Average Financial Podcast™

Episode 338: The Four Dangers of Conventional Retirement Plans and What to Use Instead

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In this episode, we ask:

  • How about getting back to basics?
  • Do you need a PhD to be successful?
  • Who can opt out of the insanity?
  • Has conventional retirement planning failed us?
  • Have 401(k)s failed?
  • What happened to pensions?
  • Is it up to us?
  • What is the cost of care?
  • What are the problems?
  • Do you believe there will be another major market crash?
  • Who has changed their behavior?
  • Who is guaranteed to get paid?
  • What is sequence of returns risk?
  • What about the 4% rule?
  • What did Wade Pfau say?
  • What about a 2.8% withdrawal rate look like?
  • What will you need?
  • How many years of savings do you have set aside?
  • What are your investments going to be worth?
  • How many of us will live past age 90? …age 95?
  • What might eat away at your savings?
  • How much are you actually paying in fees?
  • What about compounding?
  • Are fees transparent?
  • Are fees baked in?
  • Are you seeing all of the fees?
  • How might we lower fees?
  • What about index funds?
  • What about no load index funds?
  • Is your money locked up?
  • What about penalties?
  • What about employer restrictions?
  • Who can change the rules whenever they want?
  • What about bank robbers?
  • What about the tax time bomb?
  • What about deferral?
  • Is it ever a good idea to defer a root canal?
  • Would you like to hear Episode 30?
  • Who are you underwriting?
  • Where will the government get the money?
  • What will happen by 2045?
  • What about social security?
  • What about medicare?
  • What will be insolvent?
  • Is there any way to avoid these dangers?
  • What is safe and predictable?
  • What about guarantees?
  • What did Mark discover through his financial education as a Bank on Yourself Professional and Certified Financial Planner®?
  • How is Wall Street like a crazy rollercoaster?
  • What is high cash value, dividend paying whole life insurance?
  • How has this been around for centuries?
  • What about Bank on Yourself® type whole life insurance policies?
  • How is this different from other types of life insurance?
  • Would you like to read the Bank on Yourself Revolution by Pamela Yellen? 
  • Are you too sick?
  • Are you too old?
  • Who started a life insurance policy at age 85?
  • What did the father of the 401(k), Ted Benna say?
  • What is a monster?
  • Where does Ted Benna put his money now?
  • Why would he recommend that?
  • What problems does that solve?
    • What about predictable and guaranteed growth?
    • What about control of your money?
    • What about liquidity and access to the money?
    • What about multiple tax advantages?
    • Who need to hear this episode?

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