Financial Independence through Retirement Education - FIRE

What does a $50 million fine for fraud look like? Take a look at the image below. It's a statement from AXA Equitable from 2019. Notice how it says that for the entire year, the teacher paid $0 in fees and expenses. That's never been true. Most teachers were, and still are, paying about 2.2% of their account value every year in fees and expenses. Have an account worth $100,000? You'd be paying $2,200 per year in fees, or about $183 per month just to have your account. My 403(b) with Vanguard? In that scenario, I would pay $100 per year in fees, or about $8 per month.

So does this $50 million fine mean AXA Equitable will now have to disclose the fees? Ha! Not at all. They've now changed their statements to say "Administrative/Transaction Charges", rather than "Fees and Expenses".

Get out of your unnecessarily high-cost 403(b) and into something better. Your money is worth it. Reach out to me to see how I can help or if you'd like to know if your school has a good 403(b) option.

Great article about Ronald Read, a custodian who secretly amassed $8 million before he passed.

Although it may seem unattainable with a modest income, there are strategies anyone can use to reach these same goals.

https://www.cnbc.com/2016/08/29/janitor-secretly-amassed-an-8-million-fortune.html

“Who Wants to Be a Millionaire?”

Almost everyone during their lifetime will work to make over $1Million, but how much will they actually keep?

Although this may seem like an unattainable goal, it’s much easier than most people think.

Come join us on this Masterclass and discover how Tom Hegna, world renowned economist, author, and PBS host breaks down these barriers that are keeping many from achieving their financial goals.

Click the link below to register for this FREE Masterclass, you will not want to miss it!

www.getfiredup.info/millionaire

https://www.wealthmanagement.com/retirement-planning/survival-tips-retiring-when-stocks-sink-and-inflation-high?fbclid=IwAR3bgb2ZsfaKrrBbTuMZkoLWtfaA4nHxwAjINgqL1apE1JqM8TSXGyIGpyg

Survival Tips for Retiring When Stocks Sink and Inflation Is High It’s crucial to recalibrate retirement spending plans to ensure your nest egg lasts.