qualified plans. Some politicians have even suggested that the government should take over the management of retirement plans and pay the people a token payment each year. Anyway, I sent the $5,000 back to the client and told him that his daughter should retain control, use, and liquidity of her retirement money. Think about it. 39 ½ years is a long time in the future, and laws can change, a person may find themselves in a position where they need instant cash, and they are unable to borrow from their IRA without penalties. The government, Wall Street, and banks have done a fantastic job of convincing the American public to forget about the slow, sure, Orange or Dad had a guaranteed pension plan. Pension plans are not practiced in the workplace anymore. What they have done is transfer all the risk, fees, and loss of control to you, the American worker. I had another client who was paying $1,832 in management fees in his retirement account, and he didn't even realize how much his fees were. That's like letting someone reach into your wallet and steal $1,832! Then take his family on a cruise while leaving your family at home. Could this be happening to you? Can you afford to have your retirement money in harm's way or stuck in some low-interest-bearing certificate of deposit where taxes and inflation are eating your lunch? It costs you nothing for this education to help you protect your retirement money! How is Privatized Family Banking (PFB) and utilizing a well-designed, high-grade, dividend-paying life insurance policy compared to a ROTH IRA?
“It is well enough that people of the nation do not understand our banking and monetary system. For if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford
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