Anyone who has a qualified retirement account (IRA, 401k, 403b) has had an interesting decade. Aside from what appears to be 0% growth over the last ten years, putting money into a 403b or un-matched 401k has some downsides that few people consider when enrolling in such plans.

First and foremost, as with any equity based plan, there is risk involved. Anyone with money in the market in 2008 saw this firsthand - and people looking to retire that year had a rude awakening. Second, once you put money into a qualified plan you effectively lose control of the funds forever. By this I mean you cannot access your money without paying fees and taxes, and then you must begin withdrawing money at a certain age or you will pay more penalties.

I have two solutions that address these two issues and more - without impacting your lifestyle today and easily improving your retirement in the future. I would love the opportunity to explain this further - please do not hesitate to contact me for a full comparison and explanation.
David A. Katzman, MBA
Forest Hills Financial Group
631-870-6818