Posts Tagged ‘401(k)’

“Only about a third of workers are saving in a 401(k) or similar tax-deferred retirement plan. Also, the gap is far wider than expected between the number of employers offering retirement plans, and the number of workers saving in them.” -Bloomberg on Census Bureau findings

Cash Problem

Posted: October 25, 2015 in Money Matters
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“I’ve never heard anyone in the popular financial community say it.  All they talk about is stock returns, 401(k)s, or some new trading program.  Another camp will tell you to save more by spending less money on coffee or cutting out your trips to restaurants.  This is—if you’ll excuse the correct word—bullshit.

The way to solve the problem you have is by generating extra cash.  Others won’t tell you this because (a) there’s no benefit to them in saying it and (b) most of them have no idea about how to actually do this.” -Mark Ford

The goal of the private reserve strategy is to increase one’s pool of capital, with an emphasis on maintaining control and establishing access to money.  Many have learned over the last few years that having money is of little value if one is unable to gain possession of it; whether it be in property, an IRA, or a 401(k).