Celebrate.
You've actually received it. Tax-free.
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Celebrate.
You've actually received it. Tax-free.
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See the strategy, Learn why Defined Benefit Life is the smart and efficient way to build your retirement security.
"It's the important question that Americans can't answer.
Do you participate in one of these plans?
401(k), TSP, 403(b), 457?
They are great plans for saving.
They are terrible for retirement income,
"Why did retirement security disappear? Why did the financial risk shift to you? We lost the Defined Benefit Pension."
On November 6, 1978, Congress enacted Internal Revenue Code section 401(k). That day marked the beginning of the end of Defined Benefit Pension plans. In the decades that followed, hundreds of companies froze or shut down their pensions. In their place came "defined contribution" plans like 401(k), These plans shifted the investment risk away from the employer and onto the shoulders of the employee.
Defined contribution plans may be good for saving, but they are terrible for income. 401(k), TSP, 403(b) and other similar plans made it virtually impossible for most employees to answer the most important question a retiree should be able to answer:
"What's Your Income?"
* Source: WHY PENSIONS MATTER The history of defined benefit pension plans in the United States of America, March 2017
That's how to build real retirement security.Defined Benifit Life makes it possible.
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Source: WHY PENSIONS MATTER The history of defined benefit pension plans in the United States of America, March 2017
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"You may not know that you can fund an income in retirement that is income tax-free. But it's true. Learn about the Strategy."