We all define retirement differently. For most, it probably involves an island somewhere, a hammock, a good book, and a glass of wine sitting next to you as you relax for the first time in a long time. In this episode, paper asset experts discuss why for so many people across the globe this is a dream they’ll never realize, and how the 401(k) was never designed to make you rich. As Tom Wheelwright, Rich Dad Advisor on taxes says, “These government-qualified retirement plans provide temporary tax benefits, but they’re also the reason most people will never be able to stop working for money.” Andy Tanner a Rich Dad Advisor and the author of “401(k)aos” and “Stock Market Cash Flow” says “If you plan to retire poor, the 401(k) is for you.” Hosts Robert & Kim Kiyosaki and guests John MacGregor and Andy Tanner discuss the tax advantages and disadvantages of paper assets like stock, bonds, mutual funds, and 401(k)s. Tom Wheelwright:
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