Actually, what we need is a 401(Rx)

Star-Telegram 08/20/2006 Actually, what we need is a 401(Rx)

Mr. Jacobs is right on the money with this prescription. Americans need a tax advantaged vehicle to save for retiree medical expenses. Medical expenses are growing fast and are quickly crowding out spending on things that retirees WANT to do in retirement, such as golf, travel......EAT.

My idea is a little different than Mr. Jacobs. I wouldn't create a whole other set of plans - do we really need more confusing contribution plans? What needs to be done is allow for greater contribution limits and allow a certain amount of money that is in these 401(k), IRA, 403(b), 457(b), etc to be withdrawn TAX FREE for certain medical expenses, including long term care insurance. This wouldn't solve our health care problems, but it would give additional incentives for people to save for retirement needs - which will include medical expenses.

Scott Dauenhauer, CFP, MSFP

Omissions in new pension law hobble consumers

Omissions in new pension law hobble consumers - MarketWatch

MotherRock Hedge Fund to Close After `Terrible Performance'

Bloomberg.com: Exclusive

Yet another Hedge fund blowup - this one run by a former President of the NYMEX (New York Mercantile Exchange). Another bites the dust. Hedge funds are as waste of your time and your money, don't be lured into these seemingly "sexy" investments. There are simple principles that should guide long term investors, if implemented and followed your performance will be just fine.

Scott

Equity indexed annuities can come back to bite you if cash needed

SignOnSanDiego.com > News > Business > Lynn O'Shaughnessy -- Equity indexed annuities can come back to bite you if cash needed

Quoted in the San Diego Union Tribune again on Equity Indexed Annuities.

Scott Dauenhauer, CFP, MSFP

WSJ.com - Yikes, Here Come The Retirement Raiders

WSJ.com - Yikes, Here Come The Retirement Raiders

I was quoted in this Wall Street Journal article.

Scott Dauenhauer, CFP, MSFP