401 - Not OK?

The 401K is perhaps the most popular savings tool today. It comes with impressive sounding benefits such as ‘tax deferred savings’, and ‘no fee management’. Unfortunately, there are many factors you may not have realized when you signed up. Whether you currently have a 401K or are considering one, Jay Beattey’s book is a ‘must read’.

Recent Articles

Have You Opened your Gift from the CARES Act Yet?

Jul 23, 2020

Congress passed the CARES act shortly after the Coronavirus outbreak. One feature of the Act allows those ‘impacted by the virus’ to withdraw up to $100,000 from a qualified plan (401k, IRA, and others), without the usually 10% penalty (for those under 59-1/2)....

Where the Coronavirus may have a 20% Mortality Rate

Apr 24, 2020

CAMBRIDGE, MASSACHUSETTS - MARCH 12: Harvard Sophomore Jordan Di Verniero, 19, sits with her belongings in front of Eliot House before returning home to Ormond Beach, Florida, for the rest of the semester on March 12, 2020 in Cambridge, Massachusetts. Students have...

10 Reasons Millennials should ditch the 401k

Aug 5, 2016

In today’s market, there are products and options that are far superior to the now 45 year-old qualified plan – plans that are not one-sided partnerships.

The Bond Myth

Mar 28, 2016

Bonds are generally regarded as tax-inefficient because the interest payments are always taxed as ordinary income – the highest rates in the code. Unless of course, you buy tax-free municipal bonds. But it turns out those aren’t so tax-free either.

About Jay

James L (Jay) Beattey, IV is President and CEO of Velomon, LLC – an Indianapolis based firm committed to pulling back the curtain on the Wall Street lies, myths, and deceptions that keep most people from achieving their maximum level of financial success. Continue Reading