401ks Are Historically Poor Investments
A Brief History of the 401k
We are the only country in the world that has a 401K. Why?
Did you know that the”invention” of the 401K in the early 80’s was a solution to the stagflation of the 70’s? Johnson & Johnson, big business, Wall Street Titans and the government were desperate to reinvigorate consumer confidence with these new funds that they could trap in 401K, mutual funds, IRAs, etc were excited about the prospect of a burgeoning economy and more money for big business and the Wall Street big boys. When the pressure from these trapped funds elevated stocks and stock prices, the big 4 thought they had guaranteed themselves a home run.
And it worked……but only for a while. But it feels so good that it’s automatically taken out, helping you save by scaring you from withdrawing early. Like a big brother, right? Sometimes the employer’s even match your contributions up to a certain percentage, right? Free money, why wouldn’t you take it? Well, here’s what they don’t tell you when you land the big job and start dumping your money into a 401K, mutual funds and the like.
No worries. West Coast Swiss Group has many strategies that are more predictable and historically more profitable than the average 401ks & 403bs, without the restrictions and penalties of rules like the 59 1/2 withdrawal limitation.
I’m a CFO by trade. WCSG has strategies for families, executive & business owners that accountants and financial advisors don’t have. Highest recommendation.
Probate Attorney, As an attorney, my job is to weigh risk. As an investor, weighing risk and reward is even more important. As someone retiring in next 15 years, I wanted to eliminate the risks of a stock market crash. WCSG does this better than any other company.
Graphs can speak a thousand words.
Ever wonder how much of your portfolio is the money you put into your 401K, IRA or Mutual Fund versus how much your advisor has actually made you in last 10, 20 or 30 years? It can be confusing getting hit with each Financial Advisor pitch you hear, right? “We only make money when you do.” We charge a flat fee.” “We are Fiduciaries.” “We provide Wealth Guard protection.”
These pitches are all desperate attempts to camouflage the facts that they will charge you devastating fees, they can’t promise that you’re retirement will never lose 20, 30, 50% in a crash, guarantee you much higher returns than 3-4 % AND/OR allow you to take advantage of the market in an up year. We are going to give you peace of mind and make your retirement yodel.