If you like your retirement savings plan, you can keep it! For the first time companies can add a no-cost, no downside addition to existing plans and keep more of their hard earned money' Mark Goldfinger, Greenline401 Advisor
Los Angeles, CA. (PRWEB) December 02, 2015
Life expectancy rates are climbing and Americans can expect to live longer than ever before. While Social Security benefits can provide up to a third of our retirement needs, individual 401k plans are still the number one retirement vehicle for Americans. While we're working hard to save for the future, the investment vehicles in our retirement plans are charging fees (hidden or not) up to 3%, which can mean up to 25% of our savings goes away. According to TIME Magazine 6/22/15, 'Lifetime fees for the average American household are greater than $150,000 and can erode a third of total savings'.
Until recently, fixed Tax Sheltered Annuities were thought to only be available to individuals and public K-12 teachers inside of their employer sponsored 403B Plans. However, Alvin Parra, a former Congressional Legislative aide and founder of Greenline401k fought hard to make it easier for employers and Third Party Administrators to offer private sector employees the option to choose a fixed indexed Tax Sheltered Annuity inside of their 401k plans, pension plans and defined benefit plans (alongside their current Mutual fund company).
The recent Supreme Court ruling, Tibble V. Edison (No. 13-550) reaffirmed that fiduciaries will be held accountable for excessive fees, conflicts of interest and lack of choices in a 401k plan. The Court encourages employers to seek low cost alternatives to minimize potential liability and to help protect employee retirement assets.
The Greenline401k option is a new solution that removes all investment fees from retirement plans and takes away all investment risk. Employees, employers and TPA's can request that the Greenline401k option be added as a choice in their 401k portfolio.
'We're giving companies, business owners, individuals and families peace of mind with the option to keep more of their hard earned money and benefit from market gains, all while protecting their savings from stock market volatility'. Mark Goldfinger, Founder of Goldfinger Advisory Group and provider of the Greenline401k solution.