5 Tracks of Wealth » 401k

401(k) BLAHHHH! 2nd Hour: Corruption in the Banking System!

Thu, 18 Sep 2008 23:22:31 +0000

[podcast]http://www.5tracksofwealthradio.com/shows/PPHR-KTALK-9-17-2008.mp3[/podcast]

Problems with the 401k! The government has complete control of your money in a 401(k)! 2nd Hour: Barry James Dyke, author of ‘The Pirates of Manhattan’ discusses corruption in the banking world! The bottom line, ‘GREED!’. Fractionalized banking. For more information on Barry Dyke and his book visit thepiratesofmanhattan.com !

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Post tags: 401k, 401k hoax, banking, barry james dyke, corruption, federal reserve, government, killing sacred cows, the pirates of manhattan

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The Retirement Titanic! Average Vs Actual

Thu, 28 Aug 2008 17:41:49 +0000

[podcast]http://www.5tracksofwealthradio.com/shows/PPHR28-8-27-2008.mp3[/podcast]

Brandon Allen and Chris Miles conclude their 4 part series dealing with finances and retirement. Reaction to Neil Cavuto’s comment that- The 401k is mindless savings and a no brainer! The retirement titanic! Average Vs. Actual. For more info go to producerpowerhour.com .

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Post tags: 401k, actual yeild, average yeild, garrett gunderson, hour of power, killing sacred cows, neil cavuto, producer power hour, retirement

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Return of the Market Stats!

Brandon Allen — Tue, 26 Aug 2008 15:55:47 +0000

We will talk about this very topic a lot tomorrow. When you meet with an advisor about setting up a plan. You will always hear the plans average rate of return vs. the actual rate of return for that investment. As you can see by this illustration, these numbers can be misleading. I think this example speaks for itself.

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Post tags: 401k, Add new tag, IRA, rate of return

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The qualified plan Iceberg. Is a 401k really a no brainer?

Brandon Allen — Mon, 25 Aug 2008 17:17:00 +0000

Our last installment of our financial series will deal with the actual numbers of particpating in a qualified plan. I am posting these now so that they can be reviewed as we talk about them on the show Wednesday. We will deal with Actual vs. Average rate of return and what a qualified plan truly costs. Neil Cavuto recently stated on his show on Fox News that a 401k was a “no brainer” and “Mindless savings”.

http://www.foxnews.com/video2/video08.html?maven_referralObject=3035518&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/yourworld/

Is it really mindless? Not thinking about our 401ks is what leaves many scrambling at retirement. Listen to this Wednesday’s show for more explanation.

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Post tags: 401k, fox news, investing, neil cavuto, qualified plan

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Fear of the 401k hoax.

Brandon Allen — Tue, 05 Aug 2008 19:27:29 +0000

I have found it interesting, since the release of Killing Sacred Cows has come out, how many people are still so attached to the concept of continuing to put money into a 401k or qualified plan. They are so attached in fact that they wouldn’t consider an alternative even though their current strategy is failing right before their eyes.

This has inspired me to do a financial series this month for “Half Hour of Power” podcast. I will have Chris Miles from Engenuity Financial as a guest host all month for the 4 part series that we are doing. Chris brings a valuable viewpoint as a former qualified plan provider and financial advisor. Chris has seen both sides of the spectrum. We will breaking down 4 valuable topics:

Part 1- The Financial advisor mindset and How a bank deals with your money that is the complete opposite of what the average American does.

Part 2- Net Worth and Accumulation vs. Velocity of Money- Why your ideal life should start sooner than you think.

Part 3- Production vs. expenses- We are taught to manage expenses but rarely ever to manage production. Which is better?

Part 4- Average rate of return vs actual rate of return- why your qualified plan loses money even when it is supposedly “winning”.

We do the show live every Wednesday at 9:00am MST. You can download on iTunes or listen to past shows on this site as well. I welcome any feedback as well.

In Prosperity,

Brandon

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Post tags: 401k, killing sacred cows, Personal finance, rate of return

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