One common obstacle for retirement is a poor performing 401K or 403B.  Many of our clients have 401K options from their employment that they are participating in or contributing heavily to.  They face significant penalties for withdrawing money prior to age 59 1/2.  Well what is one to do if the market drops heavily and you see a large chunk of your retirement nest egg suddenly flushed down the toilet? 

Recently I spoke with a man about 12 years from retirement who just lost over $50,000 of his $300,000 retirement account.  He was devastated by the loss and frustrated that he could do nothing with the account for about 6 to 7 more years.  However, he was contributing about $500 more monthly than what his company was matching.

So the good news is that he can open a new retirement policy with the extra money, get protection from market losses while still allowing for market gains, and continue to get his company match through the 401K!!  And even better, he can set himself up for tax-free income from the 2nd account in retirement.  Sound too good to be true?  Once you find out the details you will discover that it is true, and the numbers are staggering!!

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