Among workers 18-34 years old, 56% are not saving. A 58-yr old who saved by putting aside $100 per month since 1979 lost around $100k in 401k fees. Wallmart and its brokerage, Merrill Lynch, agreed to pay $13.5 million settlement in a class action suit by failing to negotiate lower 401k fees for the plan’s mutual funds which costs the participants/employees about $60 million over 6 years.
Employee Retirement Income Security Act (ERISA), a federal law governs retirement plans.
Red Flags or Signs of a dud 401k:
• No index funds
• Fund expense ratios of 1% or more
• Delayed vesting of employer match
• Matches only in company stock
• Funds not diversified
• Low or nonexistent employer match
Mutual funds costs estimate for a $50,000 saving invested over 20 years:
• Fidelity 0.62 expense ratio, total costs $12,199
• T Rowe Price, 0.75 expense ratio, total costs $14,529
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For the self-employed, there are other options such as Roth IRA, Indexed Annuities and Index Universal Life Insurance. See books of Patrick Kelly , Tax Free Retirement and Retirement Miracle
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We are hiring in the USA, financial service pros that can serve those who can beat the fees and loses incurred in 401k with zero market risk and full living benefits for terminal, chronic or critical illness. Call Connie 408-854-1883 or motherhealth@gmail.com at http://www.pfaonline.com
—————We are hiring: You are all invited every Monday at 7pm at 400 Oyster Pt, South San Francisco, Ste 120. Wear formal suit. Earn an income with no glass ceiling while helping others with tax free distribution of retirement income with living benefits.
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10/25/2013 Retirement Plan Supercharged 6:30pm Dinner and 40min Presentation at Denny’s Restaurant in Milpitas, CA. Please RSVP Connie at motherhealth@gmail.com 408-854-1883
Published by connie dello buono
Connie Dello Buono is based in Sunnyvale California. Her first ebook is about women's health, Birthing Ways Healing Ways and her recent one is about cancer prevention, Curated Healing Ways. She had helped women have holistic childbirth as childbirth educator, founded Motherhealth, to serve seniors in the bay area with holistic caregivers and blogs at www.clubalthea.com with more than 10,000 health and finance related posts.
Connie trains her own caregivers, which are the favorites of most bay area seniors who are home bound and alone.
She is active in the rehab and nursing facilities, volunteering on music and movement for seniors.
She is a member of Lion's club and offered scholarships to students in the Philippines.
She is active at churchinsunnyvale.us and has Fridays Bible home study in Sunnyvale using the recovery version of the Bible , free at biblesforamerica.us
She loves dancing and teaching and her courses can be found at
https://teachclub.com/@thriveafter60
She is California Life Insurance licensed providing life insurance for older adults with health issues and helping women retire safely with income for life.
at menloassetca.com , she helps with 401k rollover.
3 Benefit plans
- Mortgage protection using term life insurance to pay for mortgage balance in event of death
- Final Expense plan using Single Issue Whole Life Insurance, with cash back, disability benefit and guaranteed in the presence of health issues
- Fixed Index Annuity retirement plan for safe, accessibility, less fees, less taxes, avoids probate as it goes directly to beneficiaries, rate of return with no downside market participation.
She brings compassion and understanding to the needs of her clients, bringing holistic approach in health and life insurance. Her goal is to free families from worries especially during covid with caregivers and life insurance in the presence of health issues, especially for women.
She can be reached at 408-854-1883 , motherhealth@gmail.com
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