Page 19 - The Great 401k Rip-Off

2. They provide safe ways to accumulate your money without loss. Fixed annuities protect your
money and never lose any principal or accrued interest to the market. When planning for income this
is critical as outlined earlier in this paper. This means that whenever you start planning you can
know, with certainty, how much money you will have and how much income you can take. We like to
say, “Until you remove risk, it isn’t planning, it’s hoping.”
3. Fixed annuities can provide contractually guaranteed income for the rest of your life. In fact they
are the only things that do. All retirement plans that provide guaranteed income utilize annuities. If
you are trying to provide secure, guaranteed income for life utilizing any other instrument…you are
using the wrong tool. It’s like trying to cut down a tree with a butter knife. They simply don’t work.
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Bibliography

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[2] D. Dayen, "The Retirement Revolution That Failed: Why the 401(k) Isn’t Working," 4 Mar 2016.
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[3] W. Baldwin, "Forbes: A Formula That Predicts Your 401(k) Earnings," 15 Oct 2013. [Online].
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401k‐earnings/#676db7377134. [Accessed 11 Sep 2017].

[4] M. Smith, "The Retirement Gamble," 2013.

[5] Dalbar, Inc., "DALBAR’s 23rd Annual Quantitative Analysis of Investor Behavior 2016 For period
ended: 12/31/2016," Dalbar, Inc, Boston, MA, 2017.

[6] K. McDonnell, "History of 401(k) Plans: An Update," Employee Benefit Research Institute,
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[7] "History of Pension Plans," March 1998. [Online]. Available:
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[8] H. Smith, Who Stole the American Dream?, Random House Publishing Group, 2012.

[9] T. Benna, "A brief history of 401K," [Online]. Available: http://401kbenna.com/. [Accessed 3
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[10] Investopedia, "Asymmetric Information," [Online]. Available:
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19 www.TheGreat401kRipoff.com