Pamela Yellen WGN Interview | Bank On Yourself
Channel: Bank On Yourself
Date: 2011-05-18

Have you been doing all the right things financially, investing in the stock market, putting money in a 401k and are still wondering if you’ll ever be able to retire? In an interview with WGN Pamela Yellen, financial planner and author of The Bank On Yourself Revolution discusses some of the dangers of the way American's typically approach retirement planning. 

Most people sign up for 401k plans through their companies and forget about them. In fact, 58% of people that own the most common mutual funds available in 401ks assume they are guaranteed, when they are not. 

401ks sound appealing to most people because they allow you to defer paying taxes. The problem is you'll have to pay taxes later at potentially much higher rates. But it doesn't have to be like this; there are ways to grow wealth you can predict – with no taxes due on your principal or gains. Pamela Yellen followed traditional investing methods for 20 years before looking for a better alternative which she found with the Bank On Yourself method. 

To learn more about Bank On Yourself, visit the website at www.bankonyourself.com.