Business
In this episode, Mike shares a great analogy about how your IRA / 401k / 403b is really very similar to a business with a silent partner. In this case, the silent partner is named “Bob”. In this “business”, your silent partner, “Bob”… Does NOTHING Just collects his percentage BUT…has the right to INCREASE or REDUCE his share at any time, WITHOUT your say so! By the way, “Bob” also spends money like a drunken sailor in port. So here you find yourself in a partnership with a guy who is a crazy spender, ALWAYS spending more than he earns, AND has the ability to INCREASE HIS PERCENTAGE of your business at any time, without your permission. What do you think? How fast do you want to get out of that partnership??? Make sure you listen in to this eye-opening episode on retirement plans. Your best is yet to come! So sit back, relax, and listen to Retirement Today to learn more about today’s topic. CONNECT WITH MICHAEL D. REESE, CFP® Facebook // Instagram // LinkedIn // Pinterest // Twitter // Website // YouTube Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. This show is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Centennial Advisors, LLC is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Centennial Advisors, LLC.