030: Your IRA is a business
Your IRA is a business
In this podcast you’ll learn:
Have you heard?
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.
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