Deadly Mistakes That Can Cost You Thousands of $$ When YOU Retire
Learn how to become your own banker—we can teach you what banks, credit unions, and insurance companies do to amass wealth.Isn’t it time you had a richer financial future?
We’re sure you are familiar with the cliché “You can’t see the forest for the trees.”We believe there are certain financial opportunities that have always been in front of us, but whose true potential we couldn’t see.We want to lift you up above the trees for a better perspective.Your vision will open up, and you will begin to take in the bigger picture—a point of view that can change your life.
Key 1 – The Herd Mentality (Following The Crowd)
Following accepted wisdom, many of us set aside money in qualified retirement accounts, such as IRAs and 401(k)s, enjoying tax-deductible funding and/or tax-deferred accumulation.At the same time, we assume it’s best to achieve the goal of outright home ownership and save money on mortgage interest expense by sending extra principal payments to our mortgage companies.
Unaware, like naïve, inexperienced drivers, we proceed down the highway of life, pursuing financial security with one foot on the brake pedal and the other foot on the gas pedal.We may eventually make it to our destination, but only after a pretty jerky ride.We wonder why others arrived at the station of financial independence sooner, achieving more, with a smoother ride.
January 19, 2009
Tags: 401k, IRA, mortgage, Retirement Posted in: Retirement






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