An adviser to wealthy early retirees explains why he thinks 401ks are ‘money prisons’ and where he tells clients to invest instead
Austin Dean calls retirement-specific accounts like 401(k) plans and IRAs “money prisons.”halbergman/Getty Images Austin Dean advises his high-net-worth clients to avoid 401(k) “money jail.” He recommends alternatives for building wealth that offer more flexibility and control. His advice to clients allows quick access to cash without having to sell investments and trigger capital gains tax. … Read more