THE NO-COMPROMISE RETIREMENT PLAN • 3
At Integrity, we didn’t have a formal pension program. Instead, we saved in what was, at the time, the hot new savings product in America: the 401(k). Over the years, as I climbed the corporate ladder, I amassed a group of retirement assets that included a small pension and several rollover IRAs. Those IRAs are where my retirement funds have been growing, up and down with the market, as I march on toward retirement. I’m willing to bet your retirement accounts look similar. It’s an easy bet to make, because the majority of successful U.S. savers have most of their retirement funds in IRAs and 401(k)s. 1 But here’s something I didn’t realize as a twenty-five-year-old actuarial student, as a thirty-five-year-old head of insurance product development, or as a forty-five-year-old CEO: I was making a lot of compromises to save in my IRA. And you have, too. What does that mean? This book will show you. This book will teach you the three biggest compromises in your IRA, and how you can overcome them to live a happier retirement. Together, we’ll transform your thinking around retirement saving, and create a strategy free from compromises. A word of caution before we begin: As you read this book, you may get a sinking feeling, realizing perhaps you’ve made some errors while saving. I’m here to tell you not to worry. While you can’t go back and make different choices in your past, you do have the power to choose what comes next. Together, we’ll make sure it’s the right choice.
1 Sarah Holden and Daniel Schrass. ICI Research Perspective. December 2017. “The Role of IRAs in US Households’ Saving for Retirement, 2017.” https: // www.ici.org / pdf / per23-10.pdf.
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