Do you still have an IRA or 401k sitting at a company you used to work for?  Let us help you move it to a Self Directed Retirement account so you can reap the benefits of control and flexibility, and take advantage of the many choices available to you by doing that.

Are you considering starting an IRA or 401k account?  Please be sure you watch the video and read the letter on our Blog about Privatized Savings Accounts, and Family Banks, or click on our website under Family Savings and Loans to find out the many advantages of using this plan preferred by the Wealthy and Savy Families that have been utilizing this information for over 100 yr. to build wealth.

Watch This Video First! http://pros.palmbeachletter.com/1407PBLIFLKIT/MPBLQ905/?a=1&o=44176&s=47873&u=3644360&l=347056&r=MC&g=0&h=true

401(k) Fees Are Robbing You Blind

Rich Smith

Apr 24th 2013 3:10PM

Updated Apr 26th 2013 11:16AM

Alamy

Everybody knows you should be investing in your company's 401(k) plan, but here's something that almost nobody knows: Investing in a 401(k) could cost your three years' salary.

That's the surprising upshot of a new study by the financial folks at NerdWallet, whose InvestingNerd division just ran a study concluding that "9 out of 10 Americans (92.6%) dramatically underestimated the total 401(k) fees the average household will pay over the course of a lifetime."

According to NerdWallet, when posed the question "How much will the average American household with 2 working adults pay in 401(k) fees over the course of their lifetime?"

• 38.1 percent of respondents thought a 401(k) might cost them less than $10,000.
• 32.8 percent guessed somewhere between $10,000 and $50,000.
• 13.8 percent thought $50,000 to $100,000.
• 7.9 percent said $100,000 to $150,000.
• And 4.1 percent tried "The Price Is Right" gambit, shooting the moon and guessing in excess of $200,000.

The correct answer is $150,000 to $200,000 -- but only 3.3 percent of respondents got it right.

The High Price of a Lifetime of Saving

NerdWallet underlies its findings with a report by public policy organization Demos from last summer, which added the further frightening fact that among folks investing in 401(k) plans, a full two-thirds had no idea they were paying anything at all for their 401(k) (which actually makes all of the folks who guessed wrong in NerdWallet's poll look pretty smart by comparison).

U.S. Census Bureau figures put the average household income in America today at just a hair over $50,000. Demos' report, however, shows that over the course of an investing lifetime, an average two-income family in the U.S. could spend as much as $155,000 paying the fees that managers charge for running the funds that make up your 401(k).

How does this happen? It's quite simple, really. When you invest in your company's 401(k), unless you keep the money in cash (and with cash yielding less than 1 percent today, good luck with that), what you're usually doing is buying various mutual funds that are held within your 401(k) account.

The 401(k) industry says expense ratios across all funds averaged about 0.78 percent in 2011. And according to Demos' calculations, deducting these fees year after year, every year, over the course of an investing lifetime, drags down the returns from investing in 401(k)s by the aforementioned $155,000.

That's a bit more than three years' salary for most Americans.

What It Means for You

This hardly seems fair. For years we've heard about the imminent demise of Social Security,with workers today paying money into the system -- and that money being immediately doled out to retirees today, rather than tucked away to pay back today's payers.

We all know that corporate pension plans are a thing of the past, as companies all across the country try by hook and by crook to do away with them. Witness Boeing's (BA) contentious negotiations with its labor unions last year. (By the way, Boeing won, and its workers are slowly shifting to 401(k)s.)

Yet now we learn from Demos and NerdWallet that doing what you're supposed to be doing -- investing steadily in your future by making regular deposits in your 401(k) -- could cost you three years' salary. Unfair!

So how do you cut this cost, and keep more of your money for yourself? Actually, that's not too hard.

Most funds are "actively managed" by managers who pick and choose stocks for their funds, and the fees for these services add up to about 0.93 percent on average -- again, year after year, every year. Putting your 401(k) money in passive "index" funds, which simply and automatically track the returns of major stock market indexes, can cost as little as 0.14 percent per fund -- less than one-fifth the average cost.

Sound like a better deal to you? In many cases, it can be. Click here to find out more.

Motley Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

Gallery: Financial Terms You Need to Know

Estate Planning

Estate Planning, no matter what the size of your estate, doesn't have to be complicated or expensive.

Start Now with a Medical Power of Attorney, something that is crucial if a Loved one has an accident.  It allows you to discuss things with the Health Care Provider, Hospital, Etc., if they are incapacitated.  Many people are not aware that with the new laws this is not possible otherwise, causing unnecessary stress and upset.  Ask us to receive this as a Gift from us for getting started with your Estate Plan.

Watch the educational straight forward easy to understand videos and read the information here to get started: http://estate-planning-info.com

Call Wes or Susan with any questions, or to Receive your Complimentary Medical Power of Attorney

970.744.3640  Wes Global
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Wealth Preservation and Retention During the Coming Economic Changes

 This Blog from Doug Casey has some great points to consider right now, in this time of Economic Turmoil and Global Change.  Due to the FED's gracious money printing and generous buying of Bonds and the Stock Market, you could be lulled into thinking things are okay, and you do not need 

a Wealth Preservation Plan.  That would be a Huge Mistake.  Call us to discuss putting a plan in place

The Retention of Wealth

by Jeff Thomas | July 07, 2014

Sign Up Now Get the International Man Communiqué delivered free to your inbox Sign Up For Free For most people, the term "investment" means the purchase of something for its anticipated rise in value in the future. However, there is another category of investment, generally referred to as "retention of wealth," that does not adhere to this definition. Although investments in this category may well rise in value over time, their principle purpose is not profit. Their purpose is to assure that if other investments fail, the investor will still have a portion of his wealth to fall back on. Generally, during good economic times, investors are inclined to be somewhat uninterested in this category. However, when bad economic times are on the horizon, retention of wealth becomes (or should become) far more significant in importance. The world has never seen a time like the present one. In most every facet of the economy, personal wealth is threatened. In many countries, there is the threat of greater taxation, devaluation of currencies, collapses in markets, and even outright confiscation of bank accounts. Consequently, if the powers-that-be exert their power to (quite literally) rob their citizens, those citizens need to determine the safest havens for their wealth that they possibly can… and need to do so before the wolf arrives at the door. Those of us who have been predicting the coming economic debacle for many years have, not surprisingly, spent much of that time researching and identifying such opportunities and divesting ourselves of investments whose days may well be numbered. Basic Truth #1: Precious metals and real estate will become the last safe investments for the retention of wealth. At some point in the Great Unravelling, we will reach the point when virtually the only "safe" investments will be precious metals and real estate. (It should be stressed that even these are not guaranteed, but they are, and will be, the last bastions. They are the Alamo.) Although there were a small number of people professing this Basic Truth prior to 2008, very few people were listening. But today, more and more people are realising that, soon, the jig will be up, particularly if they live in the EU or US, where some, if not all, of the threats listed above are virtually certain to occur in the foreseeable future. As a result, there is growing interest in the ownership of precious metals and real estate. Basic Truth #2: Precious metals and real estate ownership are only safe if they are located outside of an endangered jurisdiction. For many people, it goes very much against the grain to own anything outside of the country in which they live. (The average American in San Diego would sooner own property in Miami, Florida, some 2500 miles away, than to own property in Tijuana, Mexico, just over the border.) Yet, if the threat to your wealth is your own government, it is essential to remove your wealth from the country in which you live. The reason is that, as long as it remains in the country in which you are a citizen, the more likely it is that your government will regulate it, tax it, cause it to lose its value through inflation or hyperinflation, and/or simply confiscate it. It is far more difficult for your government to destroy your wealth if you have expatriated it, as your government does not have free control over the laws and government of the country where you have invested. It would be harder for your government to force the repatriation of your precious metals, and downright impossible for it to demand that your overseas real estate be shipped to your home country. Therefore, when choosing a jurisdiction in which to invest in precious metals and/or real estate, in order to maximise safety, the investor should choose a country that: is not likely to be a candidate for major decline in the coming economic collapse, is not likely to cave in to the demands of countries that are likely to soon collapse, and has laws that impose as little as possible on foreign-owned investments. This last item is critical. The safest countries are those that do not tend to fall prey to dictatorships or dramatic changes in laws. The ideal countries are the ones that impose the least interference in your ownership of your investment. This leads to: Basic Truth #3: The ideal jurisdiction in which to own property is one which does not tax your property. This final principle is understood, at present, by only a handful of investors. A country that imposes income tax, capital gains tax, etc., may very well, in hard times, suddenly decide to tax precious metals ownership. Likewise, a country that imposes property tax may very well raise that tax suddenly in pressing times. Indeed, it may choose to claim that the investor has not paid his most recent tax bill (regardless of whether or not this is true) in order to justify the confiscation of his property. Many governments of the world are now hopelessly in debt and on the verge of economic collapse. As their leaders become more desperate, they will resort to more desperate measures. In the next few years, we shall see the leaders of the most "respected" countries throw out the rule book and resort to a final grab of their citizens' wealth. It is important to recognise that the word "wealth" does not only refer to those whose net worth is in the seven-figure range and above. If your wealth is $5000, that amount might be better protected by the purchase of a few one-ounce gold coins. If it is $50,000, it might be better protected by the purchase of a house lot. Those who need to protect $500,000 or more might wish to create a portfolio of gold, silver, house lots, andbuilt property. Regardless of the amount of your wealth, the principles remain the same. As to what countries the reader might consider, several nations in the world have no income tax, including the Bahamas, Bahrain, Bermuda, Brunei, the Cayman Islands, Kuwait, Qatar, Oman, Saudi Arabia, and the United Arab Emirates (UAE). There are sixteen nations that have no property tax—Bahrain, the Cayman Islands, Croatia, the Cook Islands, Dominica, Fiji, Israel, Kuwait, Liechtenstein, Malta, Monaco, Oman, Qatar, Saudi Arabia, Turks & Caicos, and the UAE. Once having decided to invest wealth in a safer jurisdiction, the investor might also consider which of the above countries might additionally provide him with an increased value. Still, the primary goal in Retention of Wealth is to save it from the negative effects that may soon be caused by governments. Editor’s Note: Things can change quickly. New options emerge, while others disappear. This is why it's so important to have the most up-to-date and accurate information possible. That's where International Man comes in. Be sure to check out our Going Globalpublication where we discuss in great detail the best actionable international diversification options to maximize your personal freedom and financial opportunity. -  Spread the Truth!                 - -

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ADDITIONAL LINKS AND READS

Spain To Charge Tax On Bank Deposits (Reuters)​ Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country's cash-strapped autonomous communities. The regulation, which could bring around 400 million euros ($546 million) to the state coffers based on total deposits worth 1.4 trillion euros, had been tipped as a possible sweetener for the regions days after tough deficit limits for this year and next were set by the central government. Editor’s Note: Not surprising, we predicted it here. Don’t expect this to be the end of bank deposit “taxes” (i.e. confiscations) either. This is only the very beginning. As governments in the EU and throughout the world sink deeper into bankruptcy expect measures like this to increase in frequency and intensity. This is yet another great illustration why you need to have a bank account in a jurisdiction with sound finances. More on that here. Read more Africa’s Most Powerful Passports (How We Made It In Africa) Seychelles is the African country whose citizens have the most freedom to visit other countries around the globe, while Eritrean passport holders have the hardest time travelling. Strict visa requirements between African countries have been blamed for holding back economic growth. “Africa is one of the regions in the world with the highest visa requirements. Visa restrictions imply missed economic opportunities for intra-regional trade and for the local service economy such as tourism, cross-country medical services or education”, said Mthuli Ncube, chief economist and vice-president of the African Development Bank, during a conference last year. Editor's Note: For more on second passports and the enormous benefits they give you,see here. Read more ISIS Allegedly Issues ‘Caliphate’ Passport (Al Arabiya) Militant members and sympathizers of the Islamic State of Iraq and Syria (ISIS) have circulated pictures of what they said was the passport of the so-called “caliphate” declared last week by the militant group. The "State of the Islamic Caliphate” appears to be inscribed at the top of the purported passport. At the bottom, it says: “The holder of the passport if harmed we will deploy armies for his service.”  ISIS reportedly said the new document will be distributed to 11,000 citizens living in cities bordering Iraq and Syria. The passport is reportedly being printed in a government facility in Mosul that was built in 2011. Read more FATCA and Misguided Fiscal Imperialism (CCTV) Editor’s Note: FATCA clearly isn’t about stopping tax evasion or collecting revenue, as the numbers show. It’s all about setting up the architecture to the ultimate goal of establishing a global tax. See here for more. Hate Taxes? Move To Tax-Free Puerto Rico (Forbes) Increasingly, Americans are ditching their passports for far off lands. In some cases, they are motivated by high taxes and America’s unique worldwide tax reporting, though that’s rarely the only issue. Yet lower taxes can be had a lot closer to home and with more security. And you don’t have to ditch your U.S. passport. It almost sounds too good to be true. After all, aren’t U.S. citizens taxable on their worldwide income? Yes, but read on. Puerto Rico is a U.S. Commonwealth. It is part of the U.S. but in some ways still independent. Its tax system is a hybrid, part of the U.S. and well, not. If you can really move yourself and/or your business, you may be able to cut your income taxes down to almost nothing. Editor’s Note: Puerto Rico’s Stunning New Tax Advantages is the authoritative guide on the Puerto Rico option. It’s been reviewed by dozens of professional sources in Puerto Rico and the mainland US, including top law firms and accountants. It’s an A-Z guide with information you won’t find anywhere else. If you’re considering taking advantage of these incentives, get started with this guide. It will save you a lot of time and money in the process. Click here to learn more. Read more Germany Approves Dual Citizenship for Some (euronews) Until now, children of immigrants from most non-EU countries have had to choose at the age of 23 between German citizenship or that of their parents’ country of origin. Young people can now have two passports if, at the age of 21, they can prove they have lived in Germany for at least eight years or have gone to school in the country for six years and gained school-leaving qualifications. Editor’s Note: For more on obtaining German citizenship see here and here. And for the huge benefits dual citizenship and a second passport offer, see here. Read more

Important New Video and Blog, Watch it Now, and Share it with Friends

Hi,

Please Take the Time to Review this Important and Valuable Knowledge Based on Secrets of the Wealthy to Better Navigate the Seas Ahead with Safety and Security, and arrive at Your Desired Destination ahead of Schedule and Beyond Expectations.  Pass it on to Friends, Family, Business Associates, and anyone else you care about!

We recently received a copy of this MUST READ Wonderfully Written email letter,  http://pros.palmbeachletter.com/1307PBLIFLPN150/LPBLP848/Full?h=true    (Please read the newsletter before continuing)

   OR Watch the Video Here: http://pros.palmbeachletter.com/1407PBLIFLKIT/MPBLQ905/?a=1&o=44176&s=47873&u=3644360&l=347056&r=MC&g=0&h=true

 We were Very Excited to see a Respected Financial Professional with a loyal following touting a little known Secret of the Wealthy to preserve, protect, and grow their wealth in a safe, guaranteed, liquid, tax advantaged manner.  We have been working with this concept for several years with much success, and are committed to the very Best in Designing these vehicles for maximum efficiency and performance.  Design is the key.   

We are not suggesting you Sign up with the newsletter to access this information.  We will Share IT WITH YOU in a Personal, Confidential, and Unique Customized package as our way of getting you started with a Living Legacy.  This Valuable and Timely knowledge will make a Huge Impact on your future, and the lives of those you know.  Of Course This is not for everyone, and yet we feel strongly this IS information everyone has a right to know, and then they can decide for themselves if it is something they want to Pursue. We not only setup these plans for Individuals, Families, and Companies, We also work with Community Banks, Foundations, and Trusts to Employee This Time Tested Strategy. Knowledge is Power!  

We are Fortunate to attend an Invitation Only ThinkTank once a year with the Top Professionals who are committed to excellence and the highest level of service and client advantage in working with this information.  We Appreciate You forwarding this information to your circle of friends who you know are committed to the highest level of stewardship and legacy, and want to work with the Best we know of in terms of commitment to Wealth Preservation and Legacy, A Secure and Tax Free Retirement, Safety and Liquidity.  If you or Your Friends are not 100% Sure you will have a Great Retirement, This is for You!  Thanks so much for your help in getting this Valuable Information out to those you care about, and have a great rest of the year!

Feel free to call or email with questions or to see how this might apply to your specific situation if it sparks your interest.  Our business is by referral, and yet, in these Changing Times, we feel compelled to request HELP in getting these closely guarded “Secrets of the Wealthy” out to everyone we can, so they can apply them in their own lives, and the lives of those they care about, insuring a better future for them and their loved ones.

Thanks so much for your attention, and interest, and for making a difference in the lives of those you care about, we hope to hear from you Soon.

Special Bonus!  Consult with us if you also want to receive information about the Threats to your Retirement Funds, and how to unleash your IRA and Unlock your 401k.  This may prove to be the most valuable information you will ever receive about saving and rejuvenating your Retirement, and building a Better more resilient Community to live in.

http://www.worthangroup.blogspot.com/2012/12/hi-theproblem-in-america-isnt-so-much.html

Wes and Susan

970.744.4626

http://www.worthangroup.com/privatized-family.html

http://pros.palmbeachletter.com/1307PBLIFLPN150/LPBLP848/Full?h=true 

OR Video Here:  http://pros.palmbeachletter.com/1407PBLIFLKIT/MPBLQ905/?a=1&o=44176&s=47873&u=3644360&l=347056&r=MC&g=0&h=true

WJ Dye

trustcounselor@yahoo.com

Top 10 Reasons to Support Locally Owned Businesses

Support your Local Businesses and Your Community, it makes us all stronger!
http://www.ilsr.org/wp-content/uploads/2010/12/10reasons-2012.pdf

Talk to us about using your Retirement Funds to Fund Local Businesses, Growing a Stronger and More Resilient Community to Live In!